Bitcoin Forum

hi.

in russia that will close bitcoin after how will be impact on bitcoin ?

maybe that bitcoin price very drop down ?

In Soviet Russia, bitcoin ban you.

already ban  ? when ?

what will happens  ? will be bitcoin ?

what will be 1 or 2 years ? 

why should will close in russia bitcoin ?

I think they have a very high level of corruption, and this law will be applied very selectively.  But for most people, they can keep using Bitcoin.

bitcoin don;t have future ,? I am right?

yeah but not in some countries, where they ban and blaming it because it bring child porn and criminal, when their fiat currency already do the same but in a worse way and on large scale too

despite this some russia citizens are still using bitcoin

but main is bitcoin price and in russia that will close bitcoin after drop btc price ;(

There are more factors that really affect bitcoins success, not only the price. It is true that we are currently experiencing a decline in price, but that doesn't mean that the coin is dead. Also, even if Russia bans bitcoins, I don't think it will hit bitcoin hard. Russia is just a single country, there are other countries in the world that still accepts bitcoin, and within the confines of those counties lies people who are willing to use bitcoins as long as their country isn't that hard on the idea and usage of bitcoin per se.

As I realized, good is if in russia will close bitcoin ?

before in china close bitcoin and after bitcoin price drop significantly

I thought Russia banned bitcoin last year in 2014, how do they ban it again? It turns out the legislation was proposed last year and is finalising in 2015:

https://www.cryptocoinsnews.com/russian-bitcoin-ban-plans-to-fine-digital-currency-users/

Not actually "good" but if ever Russia bans bitcoins, it wouldn't affect the price significantly.


Yes, when China supposedly banned bitcoin, many investors, traders, and holders panicked, selling off their bitcoins and thus resulting to a massive price drop because apparently, a large volume of bitcoin trades take place in China. Also, large mining industries and farms are situated in China as well.

You are right. Bitcoin is banned in Russia as far as I know. I found statement in wikipedia that says: "As of 2014, bitcoin is illegal in this country. On January 27, 2014 the Bank of Russia issued a statement on bitcoin usage in which it was characterized as money substitute banned for emission in Russia. The Bank warned against potential illegal usage of such substitutes, including money laundering and financing terrorist activities."

So are there any Russian on bticointal who can indeed confirm that bitcoin is illegal in practice?

Source: http://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country#Russia

Okey .

I already think bitcoins have future ))

I don't think that the Russian bitcoin ban will affect bitcoin very much. The Russian bitcoin community is really small, there are very few shops in Russia that accept bitcoin.

so... what happened if russia ban bitcoin?
but i dont care i keep use btc forever

I would leave Russia.

...

There are probably ways to get around a Bitcoin ban in Russia (VPNs?  TOR?).

Buying BTC might be the hardest part of the equation though.  One nice thing about owning some Bitcoin is that you can take them with you...  Nice way to avoid capital controls if you ever travel outside of Russia.

*   *   *

LOL: "In Soviet Russia, Bitcoin ban you!"

AllyrBTCrblong2us!

Ok... So let's say they ban Bitcoins in Russia.

The only problem with that, would be that merchants within that country, would not be allowed to accept Bitcoin as a payment method.

People would also find it difficult to buy Bitcoins {Bitcoin ATM's / Vending machines will not be allowed} .....BUT people will find ways around that. {Online options}

The people would still have online wallets and they will still have paper wallets to store it. They can still buy things online in other countries with it.... {How do you stop the internet?}

It will just force people to use it underground {Black market}   

I don't know about Russia! Its already banned in our country  :'( :'(

The russia bitcoin ban is already priced in, they aren't going to warm to something that gives such individual freedom as bitcoin.  The west will have to show why bitcoin is better and they will be forced to join in later.

http://data.motor-talk.de/data/galleries/0/195/589/42777582/281-x-ein-blick-in-die-glaskugel-101958692916902243.jpg


up and down.

If it's banned it will be used by criminals, so big money would come in.

I'm russian and i cannot confirm this. The bill is, but it isn't adopted yet. Moreover, it uses the concept of "surrogate money" rather than bitcoin or cryptocurrency. Now there are no official restrictions for operation with bitcoin, except cases when you want to pay taxes on the business.
It isn't recommended to use bitcoin simply, especially in the sphere of business.

I found not bad article where partially it speaks -> Russia and India Continue to Consider Cryptocurrencies (http://insidebitcoins.com/news/russia-and-india-continue-to-consider-cryptocurrencies/28088).

Now the second version of the bill is considered. Already with exceptions in the form of bonus miles, points and to that similar.

(sorry for my poor english)

Your English is excellent.  Way to disperse the FUD and get to the facts.  Thank you. 

I, for one, am surprised at how bitcoin has been treated in the USA.  I expected more of a crackdown than there has been. 

No, why would it? Bitcoin doesn't need Russia. Russia will need Bitcoin.
They will regret the decision that they've made.
Online? Good luck registering on a exchange and sending them money. They can effectively ban it, especially if they put in place harsh punishments for the users.
I'm hoping that this will change in the future.

My take is that it will be irrelevant to the market price. Whoever is into Bitcoin now, knows how to circumvent bans, because only intelligent, geeky people into technology are into Bitcoin in 2015, the dumb mass will take 10 years to get it.

Yes, China bans bitcoin, and shut down bank transfer to exchange. But we Chinese can still deposit to exchanges' bank accounts.

Now Chinese stock market is bullish, Chinese don't buy btc until their stock market becomes bearish.

I read news about Russian government banned bitcoin 1 year ago. I find those communism countries hate bitcoin, so does China.

China also bans bitcoin, so bitcoin went down significantly because China and Russia has banned bitcoin since last year.

it's confirmed that china banned bitcoin? i thought those were only rumors, because the cny volume with btc is very high, and also it was denied numerous times

also a chinese(ceo of avalon) here on the forum said that it is still legal to trade bitcoin there

^^^^
LOL, that made me laugh too....

Apart from that,
wasn't Bitcoin already banned in Russia?
And China?
And God knows where else?

And how do they ban Bitcoin?

I will still use Bitcoin Russia has no affect on my passion to use bitcoins.

Also how are they going to stop Russians from using Bitcoin.

were you saying lows & highs?

 ;D

It is confirmed. In last year, Chinese central bank announced that all BTC&ALtcoin exchange bank accounts must be closed. But the exchanges bosses are clever, they hired some exchange agents, so users can deposit money to exchange agents, and exchange agents transfer the money to exchanges' bosses personal accounts. Therefore everything is solved, exchanges COMPANY accounts were closed, but their owners' PERSONAL accounts couldn't be closed. Only Chinese courts can freeze or close PERSONAL account in China. They do not violate laws(the announcement of Chinese central bank is not a LAW, it's just an announcement), so Chinese central bank couldn't close their accounts.

Banning btc in China is not strict, but I guess more than half of Chinese BTC investors&speculators abandon btc trading because of that announcement. That's why the price is going down in recent months.

And you mentioned CNY volume, volume can be faked, don't trust the volume. Bots create most of the trading volumes everyday because trading fee in Chinese BTC exchanges is 0%. Trading bitcoin is legal, but depositing to exchanges' COMPANY accounts is illegal, that's why they use the new deposit methods. :D

It's extremely difficult to ban bitcoin, but they can ban deposits to exchange, Chinese bans bitcoin in this way, but exchanges bosses are clever, they have their solutions.  :D They hired some exchange agents, so users can deposit money to exchange agents, and exchange agents transfer the money to exchanges' bosses personal accounts. Therefore everything is solved.

You can't close a P2P currency. It doesn't work that way, get a private list of peers or find a shady Bitcoin dealer.

Using Bitcoin is illegal in Russia now, if you were found using Bitcoin and anything related Bitcoin, they will put you in jail.

lol.  How about if I just have a 1 and not a 0 written on a piece of paper?  Will "they" put me in jail?   

How about if I look at somebody and raise my eyebrows? 

Look around people.  Jails are usually for the poor and not for the rich.  Why do you think that is going to change? 

I don't think it will be a right move if they enforce it strongly. As the countries that adopt and evolve are the ones that will prosper and Bitcoin is surely the currency of the future when it gets more mainstream. I think Russia will be wise enough not to strictly abolish the presence of bitcoin than giving way to slow growth of bitcoin in the country.

This August probably regulation being handed.

In 2 April Bitcoin Conference Russia was held. In this conference, Artem Tolkachev, a managing associate from the legal agency Tolkachev and Partners, recommended to "get out of Russian jurisdiction" for companies and firms involved with cryptocurrency.

You could get details from the site http://cryptohoot.com/russias-bitcoin-ban-is-expected-in-august/

they said those crap things just to scare investors, no one has ever gone to jail because he was playing with bitcoin(without exchanging them for fiat)

Yes exactly how they do it?  Just by saying it is baned. it dotn exits?

Bitcoin has been banned in Russia 6 times.
Bitcoin has been banned by China 17 times.
Bitcoin has also died 43 times.

Restriction of access to information resources (blocking websites), fines for the use of "surrogate money". The amount of fines are significant by the way. It will concern only the Russian users, will simply take away bitcoin in shadow sector.

Can't get my head around the China ban... so they have these huge mining farms using enough electricity to run JFK... yet no red flag here... these are just good guys collecting good luck charms... what do they think they will be using these coins for?
My theory is these farms are govt operated for financial leverage in case this btc thing grows legs

Putin has been linked to nefarious organizations

russians are all going to move in spain where Bitcoin is VAT free now  ;D ( as many bitcoin companys in the world in the next future... )

It is not a wise move for Russia to ban bitcoin, which is something inevitable in future, better to adapt bitcoin in early stages, banning something as revolutionary and which has so many positives as bitcoins will only have repercussions on the nation,  i think they will relax their laws on Bitcoin and will soon give more freedom to it.

Goddangit!  Why is every other thread mentioned the untimely demise of our beloved Bitcoin.   :'(

http://bitcoinobituaries.com/

Welp, that's it.  Stick a fork in her, she's done....

http://i.ytimg.com/vi/1evQi9q1T-8/0.jpg

More Russia bans bitcoin, more Russians will turn to anonymous coins which are very hard (if not impossible) to trace.

Russia`s ban will also push Russians to decentralized exchange platforms which are currently under development. 

With a lot of online bans, I see it being lightly enforced and easy to get around. Surely people who seriously use bitcoin will be able to easily circumvent it. I wouldn't worry.

why is banned bitcoin in russia ?

Shouldnt affect too much, as others have said bitcoin users are generally tech savvy and online bans are hard to enforce, to so this should be a minor inconvenience at best.

If the situation in Russia is interesting to someone, I can recommend to read this article -> Bitcoin sites blockage: crowdfunding camaign announced (http://forklog.net/bitcoin-sites-blockage-crowdfunding-camaign-announced/)

Administrators of the few sites about bitcoin submitted a claim for the appeal to unblocking sites and they have chances to win.  8)

In July, it was stated that Russia was softening its stance on bitcoin usage and that it was accumulating information on the so-called crytocurrency known as Bitcoin. It is important to note that while this statement is true based on deputy chairman Georgy Luntovsky, you could just as well see another story in the news saying that Russia bans bitcoin for a third time. The ideal situation is that maybe they are evaluating to see how bitcoin will perform in its economy and how it can be used to expand its country’s growth.

HAHAHA, this is really funny  :D :D :D :D :D

So basically, Bitcoin is not banned in Russia and the OP is trying to spread FUD?
Is that correct?

Correct.
Bitcoin is not banned. Even if we looking in wikipedia, then we will see that the first sentence is based on plans which didn't come yet. There is no law inhibitory so far, or regulating cryptocurrencies in Russia.

In Soviet Russia, Bitcoin bans you!

http://cointelegraph.com/images/725_aHR0cDovL2NvaW50ZWxlZ3JhcGguY29tL3N0b3JhZ2UvdXBsb2Fkcy92aWV3LzQ1NTdlZTY3NTY1MTQzZjM3OWYxN2U1NDExYjRkNzYyLnBuZw==.jpg

Could care less if they do or don't, they're so behind the technology curve when it comes to Crypto, that it doesn't even matter.  Seems strange, since their neighbors pretty much dominate the space.

http://images.bwbx.io/cms/2014-03-20/0320-bobby-lee-bitcoin-970-630x420.jpg

http://qntra.net/wp-content/uploads/2015/02/02.png

Wonder what will happen with BTC-E  ::)

Wonder what will happen with BTC-E, the exchange based in Bulgaria?

I'm going to guess nothing, since Russia banning Bitcoin has nothing to do with BTC-E's operation.

I can't see this news anywhere , from where did you get it ?? I don' t think Russia will
look at bitcoin as an enemy of economy nor they will profit from fees if they want .
Xing Ming .

I believe with the ongoing world-wide political tensions, Bitcoin can only strengthen Russia and create a better quality of life for it's citizens.

i don't think the price will change

Some good little news for this topic:
As well as it was supposed, yesterday the court passed the decision in favor of administrators of the sites. So the following sites shall be unblocked in Russia:

bitcoin.org (http://bitcoin.org)
indacoin.com (http://indacoin.com)
coinspot.ru (http://indacoin.com)
hasbitcoin.ru (http://hasbitcoin.ru)
bitcoinconf.ru (http://bitcoinconf.ru)
bitcoin.it (http://bitcoin.it)
btcsec.com (http://btcsec.com)

Article in english about it -> Russian Court Discharges Blocking of Bitcoin-related Sites by Roskomnadzor (http://forklog.net/russian-court-unlock-bitcoin-sites/)

This ban just seems too hard to enforce.

In Russia bitcoin didn't ban.
all this guff

They can ban Bitcoins the same way everything else gets banned in Russia...
A currency that is not directly controlled by national banking cartels poses a threat to the Russian government.

Nothing will happen as they are not based in Russia. ;) Dont mistake eastern european countries for Russia, they are completely different nowadays.

Banning decentralized technologies in countries only make them more used on there. For example, freenet is banned in china, and china is the highest freenet node supporter.
Mr Putin should give up and embrace Bitcoin.

apparently they have not yet banned it but it is an ongoing issue and they are talking about banning bitcoin.
a quick google search turns out that websites like bitcoin.org is (or was) banned in russia.

i found an article too:
https://www.cryptocoinsnews.com/russias-bitcoin-website-ban-overturned-russian-court/

I heard that Russia bans Bitcoin because they're think Bitcoin could being a way to terrorism transactions (CMIIW) ???

That's funny considering the government turns a blind eye to hackers or mob that attack western companies.

Russia ll ban anything which is innovative and new. But, it seems the court changed that decision.

Russia banned Bitcoin because the Ruble exchange rate was going down steeply, and the government thought that people will rush to convert their rubles to Bitcoin. Terrorism financing was not a major concern. The government knew that right now Bitcoin is not an attractive financing option for various terrorist groups.

hey, please post your reference on where you got this news?
are you just spreading a FUD?