Bitcoin Forum

Just saw this article

https://www.cryptocoinsnews.com/breaking-russia-will-block-bitcoin-exchange-websites-says-central-bank-official/

As soon as we reach $ 5000 there is a ban somewhere!

Market manipulation, maybe -- it makes no sense for them to do this given their current political moves they've made with regard to bitcoin.  Strongly doubt this is actually going to happen.

Sad to see that so many countries are against bitcoins. Its probably because governments cant control as much as real money and earn less from taxes.

Haha true. But dont believe until any official announcement is made. Moreover it has been done right at the time when a hard fork is just coming up. Curious to see the reaction of investors. Because if this happens we might see a price decline again.

Its good that they educate the public about the dangers of Bitcoin but can't really agree about the limitation of freedom to make your own mistakes.

If you still think that Bitcoin is safe store of value think what happens when economic depression hits on. Stock market crashes gives you some idea. Mr. Market decides Bitcoins value so in no way can it considered "safe store of value". All it takes is one big whale to start selling and it may lose 75% of its value in an instant.

I wonder how many actual bitcoin whales there are left.

Totally agree with you. Some of them keep saing that it is a pyramid and gonna be forbidden or it it tool to provide crime activities. Others saing opposite, even they plan to make school lessions about blokhchains and cryptocurencyes to prepare population for new age. We are just waiting for the law they are creating nowadays, they said it is gonna be finished at the end of the year

I agree with you maybe someone wants to manipulate the market to buy some bitcoin at a lower price because they know that bitcoin is going up right now.

Wow that was quite unexpected. I guess this means BTC will take another dump?

It doesn't matter if russia bans it, but it wouldn't surprise me. Russia is a communism just like china, so it makes great sense that they want to control their people. It wont matter really, because bitcoin is designed to be unstoppable. It would take all putins wealth to stop it, and I doubt he would use that much money on it. He'd rather buy 10000 more rockets.

I don't think Putin is interested in stopping bitcoin.  He's endorsed mining operations and probably Russia will become a competitor to China in that. 

Communism is really mostly dead, even in Russia and China.  They still have some fascist practices certainly, but they haven't been real Communists in a long time.

I doubt this is going to affect the current trend.

1. banning an exchange is not banning bitcoin
2. cryptocoinnews is not a reliable source. they are known to write all kinds of weird bullshit and call it "news".
3. this year, reliable sources have been saying Russia is about to legalize bitcoin the same way Japan legalized bitcoin. this is a quote from the head of Russian Central bank actually. they said because bitcoin is traceable we consider it as legal.
4. nobody cares anymore about country ban FUD. ;)

This is puzzling news and it's actually surprising that something of this sort is actually happening, last I knew that Russia would embrace Bitcoins, I feel there is a manipulation attempt going on, I don't think Russia has such a big share to make any kind of big impact, so let's wait and see. According to a article I read they were inviting miners to open farm and kick start Russian economy. Posting the link, what is happening is so confusing.

https://news.bitcoin.com/russian-governor-cryptocurrency-miners-mining-farms-leningrad/

Well you are probably right lol. Why there is a FUD somewhere somehow when we are attaining ATH? Well by this, this could mean that bitcoin might go down again or dump? After all the pumps of this coin it will go down again, sadly. But many traders will be happy because of this. I think alts might go up this time around.

I talked with my left ball about a possible ban on Bitcoin by Russia and he told me to talk to my right ball, and now eventually I have an answer, lol.
While it doesn't mean anything for me, if it's true then Yobit is officially facked.

I won't see that as a ban to bitcoin. They are trying to regulate it as anyone else. I also read on cointelegraph that the Moscow stock exchange will allow it's users to trade cryptocurrenices, so the government is probably just trying to get crypto into safe environments they can control. Maybe this is their way of regulating the market, so I'm ok with it. They could just ask for licenses from crypto exchanges, but I guess they prefer this method.

Anyway if it ever gets to the Moscow stock exchange, that is right now the biggest exchange group in Russia, these are good news for digital currencies, so those "ban news" don't really bother me.

Russia will block access to websites of exchanges that offer cryptocurrencies such as Bitcoin? lol. They were putting a lots of money into bitcoin miners and bitcoin ATMs. and now they are looking to restrict of using it just because they want to protect their citizens from Bitcoins volatility? I doubt if this news is real or just another price manipulation by the author of this article.

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I don't think Putin is interested in stopping bitcoin.  He's endorsed mining operations and probably Russia will become a competitor to China in that. 

Communism is really mostly dead, even in Russia and China.  They still have some fascist practices certainly, but they haven't been real Communists in a long time.
[/quote]

Russia can not compete with China because all we consume here is made in China. So we only able to pick up leftovers they let us to pick up. They are fascistes for sure but some of them just fear to lose control, other want to get profit from current situation

Well if there is no such ban, sooner or later it will be clear. The website will lose reputation, and as some people said here it doesn't have a high reputation anyway. They cannot reach that many people to manipulate the market.

Strong agree, almost there!

Damn bankers again! If it's not China then it is America, if not America then it is Russia. Sometimes it looks like they are all spinning the same story over and over again.
I think they are trying to shake market and buy some cheap bitcoins. Who knows what is behind this whole thing.
Thanks god I am living i Europe and not Russia  ;D

Is this just a speculation or legit? I hope it is just a speculation because it is a sad news. If it is legit, I know that it's just for a meantime and Bitcoin will recover from it very fast. Also, I know that Russia is one of the most avid supporter of Bitcoin. That's why I was surprised about this news. Nevertheless, Bitcoin there are lots of Russian people supports Bitcoin even though Russian government will ban it.

I'm sure this won't happen. They rather fire the first deputy governor of the Central Bank of Russia for making such stupid statements.

I like this comment to the article because it reflects how some people from the Russian government want to act:


But I doubt they can do it in the modern reality.

maybe legit, but this cannot dump bitcoin, china's ban was stronger than this but still couldn't dump bitcoin

It does not mean that Russia banned bitcoin. They just blocked the bitcoin exchange websites under the Russian domains. Aside they blocks the trading sites and the next part the they started mining farm with the huge investment. We don't how to take this. As anton said, Cryptos are not threat to the citizens. It is useful for the citizens actually.

I'm sure we'll see plenty of these "ban" news articles.

The fact is that blockchain technology can't be ignored. No country is going to want to miss the boat.

I don't believe Russia will decide to do something like that. There were some similar intentions before but I think that Russia has changed the attitude and realised ban is not in her best interest.
So there is no reason to fear the China scenario although we have witnessed so far that even false or unconfirmed information could affect the Bitcoin price.

Hopefuly not true, maybe there is downfall but not totaly ban btc there. That would be a huge drop on btc if that happens. Since russia is also one of the biggest contributor on bitcoin industry, and many people is investing bitcoin there.

I it's just an article as long as Russia doesn't ban it truly then we don't have to worry about it. Since before china banned bitcoin they already made many articles about it and it took them years before that actually happen.

why choose that subject for this topic? do you see anywhere saying Russia banned or is going to ban "bitcoin"? if you saw then show me too because i didn't see it anywhere. all the article says is they may ban bitcoin exchanges and this is the follow up to what they previously said about ICOs and the warning that they gave!

maybe here:

https://www.reuters.com/article/us-russia-cenbank-bitcoin/russian-central-bank-to-ban-websites-offering-crypto-currencies-idUSKBN1CF0RF

No, BTC ban is extremely unlikely now. As far as I remember, latest ideas were to allow only regulated financial institutions to exchange bitcoin to fiat and back (and ban non-regulated exchanges) and make miners to pay taxes.

Nah after what china did the community are much more prepared now, it wont affect the price anymore, instead i am seeing possible pump of DEX base exchange coin such as waves, bitshares, komodo, blocknet etc. There fud will be never be a kind of fud anymore they need to upgrade to the next level of fud hahahah

I don't see any valid reason for the russian country to ban bitcoin because for the past few months, a talk about ethereum happened in russia and that can be a way for the leader of russia to understand the concept of bitcoin or other cryptocurrency so i think it is impossible for the russians to just ban bitcoin without even doing a test on it first.

Weren't they planning on crafting legislation for cryptocurrencies? What's with the sudden ban on exchanges? I don't think this is likely to happen.

It seems the Russians are going to follow the Chinese lead and ban all cryptocurrency exchanges and am sure that like the Chinese, they are going to license them in the near future and regulate the whole thing so that they can get some money from taxing all those exchanges.

after malaysia and then now russia, this happen because they are aware of the power of bitcoin the power of untraceable. thats the true power of bitcoin

That was my fear when I bought Btc, still optimistic about it but I hate this kind of news.

Lol yeah but they should tax Bitcoins instead, that would benefit them.

The Russian government seems to be too indecisive about cryptocurrencies. Earlier the head of the Central Bank of Russia, Elvira Nabiullina had said that they will not allow the use of crypto-currency as a surrogate money. Soon after this, the Russian Finance Minister Anton Siluanov had said that there is no point in prohibiting cryptocurrencies and that they will regulate cryptos by the end of 2017. And now the deputy governor of the Central Bank of Russia, Sergei Shvetsov has stated that Russia will block access to websites belonging to cryptocurrency exchanges. Looks like a ping-pong between the Russian finance ministry and the central bank.

Well, sometimes things are not very clear till they are announced! We can't really rely on this because I think only time will reveal the truth behind this matter. And people should stay away from spreading negative FUDs because that's what normally devastated value of bitcoin in the past. Sometimes "Big Whales" set up a speculation that end-up with negative FUD which might hurt the value of bitcoin and other coins as well in order for them to buy some coins more cheaper from the people that panics. I think people should be very careful with what they are saying about bitcoin because the value is still recovering. 8)  

This is a likely outcome. Regulation, licensing and taxation of exchanges and miners - that's what they are after.

Russia is not banning Bitcoin, they are are banning their own economy, just like China did.
Cryptocurrencies are the only and last chance to replace
the US Dollar as the world leading currency!
The whole world should be thankful for that, specially Russia and China.

So just eat it or die, but pls stfu!

Russia is doing the same thing as China. They bann all the exchangers and ICO's so they can open a new powerful exchanger , so they can make profit from that. Maybe they are thinking to even open their own cryptocurrency. Anyway there is no official news from government saying anything about bitcoin so until that will happen we have to wait.

the news coming from Russia has never been any better from news coming from China. there is too many contradiction between what we read on the news and what really is happening and also people like OP always mistake the news by assuming the worse. he calls it "banning BTC".

in reality what is happening is that Russia has closed down exchanges because of the ICO scams that has been happening and all the money that goes into those.

Despite this news, Bitcoin prices have risen sharply, confirming one thing. Countries such as China and Russia do not have much influence on this market and Bitcoin is being distributed all over the world.

I am not sure about the validity of the news because whenever there is a price increase all the fud news start spreading like wild fire so that people start selling off their coins,Russia might be planning to regulate their exchanges and nothing else,i hope this rally gets past the five thousand dollar mark and set a new record.

I do not know if it is true.  Let say it is true, there is nothing we should be worry about.  We have seen and heard things like that about banning and even saying bitcoin is fraud.  Nothing happened at bitcoin because many are still supporting bitcoin.  It is a time for everyone to buy more bitcoins because for sure bitcoin price will goes up again.

Probably it was anticipated that what Bitcoin brought would be detrimental to the government and the central bank. It is normal for Bitcoin to be banned in some countries. They do not control it so they can not accept it. So they turned around and started banning it, they were afraid of it developing and losing the advantage of their money

That's exactly what I was thinking when I read the article. It's all about shaping the ability to control what they can't control.

No. They are not indecisive about cryptos. They are really against it from the very beginning that's why you will see that they are really assert the opposite of a statement made by someone in their government. And I'm very skeptical from the start of them opening their mouths for bitcoin. And this statements validates my hutch. So don't trust anything coming from them and I'm expecting that they will not support any crypto's, not bitcoin and Ethereum, which Putin says he like. LOL.

Realy? As far as i know that russia is also a very huge fan of bitcoin so i dont realy billieve in this article maybe the main reason for this article is to dumo bitcoin and promote eth

That might be the real reason behind this article. All that I read from another article is the banning of bitcoin within the country by Russia longback and later with the help of an financial research team analysed the need of the blockchain technology and now this has got implemented into their financial administration.

Well said mate. If the price keep increasing steadily, then bitcoins can easily reach at 5K milestone and it will attract the attention of government authorities to check if there is any wrong things and they might impose strict restriction and ban on the bitcoins.

I think the Russian government has legalized Bitcoin in his country, is this a game of investors, so they can drop the bitcoin price and then buy it for sale later on ??

I'm not worried, and today Bitcoin has proven it. Anyone can not stop bitcoin. anyone will regret not knowing Bitcoin.

I saw news today, there was writed that Bitcoins destiny will be decided till New Year. I think that Russia will not go step by step after China but there is big risk that Cryptocurrencies will be banned.
All that WE can do is only watch...No one can influence on that decision..
Hope I`m wrong and all will Be OK.

Its all politics!

China, Nepal already banned bitcoins. Now Russia is going to join the list of bitcoin banned countries. This is not a good news for cryptocommunity if its real. If Russia ban bitcoins, it will definitely affect the price of all digital coins or may lead to a crash in price of bitcoins. Also it will affect the upcoming ICO's  . I really hope this news is fake.

i think this is FUD NEWS. they want to manipulate bitcoin they want to buy more because end of this month the price of bitcoin will stay at 5,000usd or higher maybe 6,000 or 7,000. Russia is legalizing bitcoin and cryptocurrencies and there's a lot of ICO in their country. so this news is FUD

Let them ban they will be the loosers even china tried to do the same nothing changed temporary fall happened again its raised now russia for some time it will the goo opportunity to investor for buying bitcoin for the low price and holding it .I think its not ban they are regularizing crypto currency.

I recently read about it, but unfortunately I'm not sure it's a reliable source of information. Is there anyone who knows 100%, is this some information? Why did this happen?

They not banned bitcoin but they banned ICOs.. Should reads more articles about this stuff out. But it still remaining unknown.They are banning or not.

will be big news at the end of the year,
China forbids cryptocurrency and makes good news that makes bitcoin down,
whether this will be repeated in russia, all remains a big question mark as bitcoin prices are now rising,
hopefully this is just a news nonsense that makes everyone panicky..

He is a big supporter of Vitalik and Ethereum, if you look at media reporting : https://www.coindesk.com/vladimir-putin-vitalik-buterin-discuss-ethereum-opportunities-recent-forum/

The Russians are cunning enough to ban one Crypto currency in favour of another and I will never put this past Putin. You

can also not believe anything that are being reported there, because it change from day to day, depending on what mood

they are in.  ::)

Well if it is true we can not do anything with it we will just have to wait for the market price to reach $4000 again, well it is a little bit good because bitcoin will be going down again and it is the right time to buy more then wait for the rise up lol.

I do not believe Russia will ban Bitcoin. I know Russia banned bitcoin exchange not ban bitcoin (According to the article) .So like China, the Russian Government wants to manage bitcoin. According to me whether that happens is also not worrying. Let's look at the ban in China bitcoin prices not dump.

In the past I've heard some good news about Russia that they will regulate crypto soon and they are also inviting Bitcoin miners. Another news said by some Russian (I don't know his name exactly) "It is illogical to ban Bitcoin and cryptocurrencies".
I'm now wondering why would they ban? Or they plan to regulate it? Can't trust this news.

I don't think that this will be happen. Since Russia is a free country, people who is living in that state chooses whatever they want. I think they are no CHINA, because they are different. Go bitcoins, this cryptocurrency might control PResidents power even. :D

japanese is very happy !
world BTC most holder!

interesting.
Lately, so many rumors are rumored to bitcoin, I can not really believe the news, because I have not found the official attitude of the Russian government.

Russia are just blocking the web based exchanges of Bitcoin, I believe they are not banning it completely. Even I think they might be regulating it and bring out systematic and tracked exchange.
Recently there is news that China will or might resume cryptocurrency trading by licensing exchanges and implementing (KYC) Know Your Customer and (AML) Anti-Money Laundering systems.

So I hope Russia will be starting to regulate the exchanges, trying to curb corruption and illegitimate activities.

If the Russians try to ban the exchange websites, then it will be a very stupid move. Nowadays even the schoolchildren are aware of VPNs and web-proxies. The Bitcoin users are not going to be affected if the government blocks the exchange websites. But it will become harder for the Russian authorities to track the users and to tax profits on Bitcoin.

In two years I can't count how many threads I saw about Russia banning bitcoins, arresting people who using bitcoins, and what happened from all that rumors, I will tell you nothing happened.
Like recent situation with China, what happened in the end? They will have couple legitimate exchangers, same will do the Russia. Russia is supporting China in everything they do with crypto currencies, now it will be the same, they will ban some exchanger sites and they will support others that they can control, that is how they dictatorship governments like to do.

I heard about these many days ago that Russia will be banning bitcoin and I even heard that Russia was trying to get of hold of the bitcoin in their own country. If Russia bans bitcoin it can create a problem for bitcoin to reach 5000 dollars or if after reaching 5000 dollars the ban may lower the value of bitcoin or slow the growth.

If this is true, Russia will fail to stem the rising tide of cryptocurrency usage and popularity. Rather than move backwards, the Russian government should embrace bitcoin and other cryptocurrencies and figure out ways to capitalize on their growth. Banning it will only encourage underground use.

Looks legit news, yet there is no confirmations if it is real, also i thought russia is already into btc mining and they are supporting blockchain, so why are they gonna block btc trades in their country? Somehow confusing

this news shocked me, I'm so worried about Bitcoin in the future,  ???

I'll wait for the news why the Russian government banned Bitcoin and hopefully their explanation is clear the reason ..

Russia has been trolling everyone here for years, and yet people get affected by whatever Russian statement. Bitcoin doesn't rely on one or several countries -- if Russia wants to play hard to get, then let them do that, Bitcoin won't give a single damn. If you're really shocked, maybe you should spend some time into learning about why governments and banks don't like Bitcoin. I am quite sure that your shock will turn into understanding, but at the same time put a smile on your face. ;)

Is there anyone left who gives a shit what Russia thinks or does any more?

There'll be someone along tomorrow telling us that Putin will be put on the blockchain next week.

Compared to China they're really not very good at coaxing Bitcoin's penis out of its knickers only to spurn it again.

Yes it seems the government don't want any more complicated problems with bitcoin. large countries have been retreat to use bitcoin one of them china, country that has an important role for bitcoin.

What kind of line will the government of Russia not know, but President Putin considered,
that the crypto currency has serious risks, creating the possibility of money laundering, tax evasion, financing of terrorism and the spread of fraudulent schemes.
And, as you know, the words of the president in Russia mean a lot.

The news is true can verify via hacked..com and cryptocoinnews..com I am curious as to how the market will interpret this. Your thoughts?

These Govt's ban such activities mainly for Taxes and some people use illegal activities. As far as I am seeing Bank are in a loss when people are using Bitcoin to transfer the funds.
Bitcoin now is nearly $5000 so Anti Govts doesn't want to move a ahead. let see next which country will ban Bitcoin?

If a whale starts selling the coins, we might see price drop. But as soon as the price starts to drop, new investors will get an opportunity and start investing and join the game. This will cause the price not to fall down freely, balancing out the situation. No ways the price will go below 75% of the current value.

All the governments will try to shut down bitcoin for sure, but russia? seriously? i though that this was one of the countries that most supported bitcoin at all, it is really impresive for me.
I dont think it is real, can anyone confirm it? how do we know if this hasn't been writen by a troll or by a normal user?
please try to give more explanations about it, if it is real, then it would be a mess.

Drop would be limited if it's not universal and global. Anyway, I don't think Russia will ban bitcoin here. This is not logical because it's the center of ethereum as you all know. No reason to ban it.

Russia is doing the same thing as China has done in last month. They are going to ban exchanges, not the bitcoin. This is in favor of bitcoin, not against it. Bitcoin is copeting with all other alt-coins, I guess Russia does this to sustain the appreciation of bitcoin. After what China has done last month in favour of bitcoin (by banning all ICO's and all exchanges), Russia is coming and is continuing this trend. Now Russia is more progresist than USA, and they make all they can to help improve the bitcoin and impose it on the market.  Bitcoin is the future and all Asia and Eastern Europe has recognized this.
  

In Russia we keep hearing contradictory statements. It all depends on what mood woke up Putin. I generally don't pay attention to their statements. Russia is a big country in size but the population is small. They can not affect the market of bitcoin. I don't think they're ready now to ban bitcoin. Russia's economy shows steady decline in and so nobody will deprive people of the opportunity to provide for themselves. Why do they need food riots?

Probably only Kremlin trolls and the usual FUD spreaders , lambchop style.

Russia means nothing. An economy that is under California.. of sorry also Texas, of wait also New York in terms of GDP , a failed state that is the largest country in the world full of oil gas metals gold everything and their economy is the size of Spain.

Who the hell would care what Russia will do?
Even if they do "ban" bitcoin again, nobody will follow them as nobody but Syria and NK are crazy enough to believe that Russians are doing smart things.


Their population is not small. They are the largest country by population in Europe and 9th in the world.
But they are dirt poor, so again , nobody gives a damn what they do.

I don't think this news is truthful. For me it sounds more like marketing manipulation by rumors, making people panic sell. Bitcoin cannot be banned by no country.

Rave! Recently, even on federal TV channels, they began to talk about the crypto currency. And only on the good side. I think people are preparing quietly to the fact that bitcoin will soon enter our life.

I also read the article and I don't know what to say.. it looks like fake news for me. As far as I know, the Russians are pretty crypto-friendly.

again a rumor that is not certain the news is valid. I think bitcoin will survive even though this news is true. there is some different news about russia on bitcoin.

this seems like a try as market manipulation to me. Russia is one of the big player like China. considering their games to each other, I really don't think that Russia would ever ban BTC.

Hello all! I don't believe in this and I don't want accept this information! I only can see two big players here Russian Federation and China and I my strict beliefs about two this countries that can anything especially if they are not in confrontation.  I Hope Russian and China can be great partners and two leaders in bitcoin world! I am sure that is only start ...and it never ll be easily!

That is pretty much manipulation clearly. Why on earth Russia would leave the game. That's the last thing that I can believe at the moment.

These type rumors are working for some time first China and now Russia even its not recognized by any one but still this is not going to have any impact on bitcoin because now its already going to be more popular in many parts of world 

I think we should verify this news first, it seems to be a lot like China again. We already know that Russia wanted it's cryptocurrencies to be regulated, and why would they ban Bitcoin in the first place,  they have one of the best mining conditions there is, and not to mention a cheaper price of electricity, I think there is more reason why they will keep Bitcoin and regulate it. We need to clarify this news first, since seems to be looking a lot like what had happened in China,  whenever there is a fork, some media men, tend to scare people and in the end will cause panic.

Here we go again! This time arround it's a bit different if this starts to legitimize we can see both a downtrend mixed with an uptrend regarding the Russia news and Bitcoin HF. Interesting to see how this rolls out. People not getting scared that easy now though, people know sooner or later bitcoin recovers.

I keep my Alt game and don't stress much about bitcoin news. Still holding it though.

They have tried many times to ban the bitcoin, in my experience the deputy governor of the Central Bank of Russia said the similar word in 2015 and 2015. The russia central bank tried to ban the bitcoin since the bitcoin become a popular cryto in 2013. I remember the russia try to take the straight decision with china about spread the rumour to ban the bitcoin. But that was IMPOSSIBLE for them all because the decentralized of bitcoin still protect us from the greedy person like them all.

I can't say that I'm surprised when I saw this news. But Russia often changes their position about bitcoins and it's interesting, how serious they are now. If they will block btc exchanges - it really means ban of btc vice versa. But maybe, they will change position again and just will start regulate crypto exchanges more strictly. I don't believe that recent news is final decision. Only few months ago Putin talked positive about Ethereum, so, such ban would affect negative this currency in Russian markets. I don't think tha russians want make it. Well, Russia is unpredicatble country, let's wait for more news - winter is coming...

it seems Russia from 2015 has planned this all, but by looking at the article you send it seems not to be long again russia will also follow china. but I do not know exactly what causes this.

It is possible that china is putting pressure on russia to conform to similar guidelines regarding crypto. Hopefully in the long run this will motivate russia to seek ways to become more independent from china & in the future russia won't have to worry as much about being manipulated by outside foreign influence.

What makes things hard are the economic sanctions the united states and UN have placed on russia which makes it more reliant on china and others for trade. That's likely where the leverage for russia seeking to regulate crypto comes from, if the recent news is true.

We can’t assured that but no surprize they hating bitcoin now because some of company are going down it because of bitcoin however if there something knew about it maybe the banning would be cancel i guess some people in china are happy for what they getting from bitcoin.

I feel so sad that all major crypto currency oriented countries is trying to explode the bitcoin bubble. I strongly believe that 6k is the maximum BTC value we can see in this year.

Clear as a crystal, this FUD is a bitcoin price manipulation. They want to it dump so they can buy.
If you know whats happening then take precautions. I will sell at 5850usd.

I dont think that they are able to hurt the bitcoin community, virtual money is something that is a part of the future.

yes agree, some of the news they raised was just speculation.
it would be better if we compare with some possibilities before discussing the speculation news

This "news" (rumor) did not affect the price of Bitcoin yesterday.

 Russia might be following China and South korea in restricting access to crypto market and the other thing is banning of exchanges or initial coin offerings does not mean banning of cryptocurrencies.

Hahaha. Right. Sometimes when Putin was in a good mode, he will preach good words for crypto which he likes. But now it looks like they have put the ban just like their brother China. I also agree that they won't be putting any significant dent as compare to China. Although they are really active but I'm not familiar on their volume trading. But I'm sure this is not yet final as history shows that they have been issuing contradictory state in the past. But lets see. Let wait how things will evolved. Russia investors should be nervous seeing this news though. But we can't blame you. Just be calm and stay relax.

I've seen the news also, The one who wants to ban the crypto in russia is the Central Bank of Russia there only reason for doing so that they have stated is to protect retail everyday investors from bitcoin’s volatility. Well for me that is there front reason but the real reason that i can think of why they are doing this is because they can't gain from Bitcoin.

I agree that Russia is not trying to ban bitcoin per se, but is rather trying to regulate it, just as China is doing. There are potential problems with tax evasion, money laundering, and fraud, though bitcoin is clearly here to stay and is too decentralized to fully control. Russia is just not sure at this point how to handle the problems. Over time cooler heads in Russia will prevail and a middle ground will be found.

Before if I'm not mistaken, it's dated last year there's a news that Russia did banned bitcoin and then removed it later on. I can't remember the source of that rumor but now it's for real so the Central Bank of Russia thinks that bitcoin is a dubious instrument for the retailers. They will say that only this time or this is just another FUD making to make the price of bitcoin lower again so that they can buy some more.

At least I found a sensible reply in this thread. Well, I don't really believe that Russia can stop it's people from using bitcoins especially when everything is turning digital. I really don't know how Putin came up with this decision in a snap but I was hoping that Vitalik can do something about this.

Waiting for more news I think it might be a little more complicated than what it's painted like now.

I think it has something to do with the Russian male suspected of the $4B money laundering caught in Greece. But I think Russia will not entirely ban bitcoin and besides it is stated that they are only banning exchanges. They will not do what China did and that I think someone's manipulating things now that we're close to 5K again. Expecting the worst, if they do ban btc I think that people now realized how btc came back from the dip so only the newbies will be shaken by this kind of news.

There is any news about this from different sources? Russian paper or respectful journals?

It is like all countries agreed about to hit one by one when Bitcoin tries to make a new all time high.. Everytime Bitcoin started to rise the put down their hammer to Bitcoin's head.. We need to get rid of all governments :D  if not i am afraid we need to forget about moon :P

Ironically, just last month Finance Minister Anton Siluanov said: There is no sense banning [digital currencies], there is a need to regulate them.
 :-\

Seriously, I could see all large governments eventually trying to make crypto illegal.... it threatens their existence. Hopefully, we can get far enough along to simply ignore their laws. We need to take a stand against this fiat slavery system.

What is arguing for, now European Union will forbid btc and all debates will be solved..)))

Its bad to hear that news because bitcoin now is increasing and it really help us a lot.

European union has been pretty neutral in terms of Bitcoin. I don't think they'll be making any statements on it in the foreseeable future.

RUssia will not ban BITCOIN guys , wake up. IT's just a new wave of panic that will go amongst the bitcoin users. This is all about the increasing price of bitcoin lately and now it's almost at the peek of a major point so yea a little panic is always welcome for those who can speculate.

Russia has always looked badly in digital currencies, and those services can attract regulators' attention, which means they will impose heavy regulation or perhaps even propose closures. The government will even propose a prison sentence for those using bitcoin

The good thing is they care for the public about the limits of freedom to make its own.
If you still think Bitcoin holds it safe, think about what happens during an economic depression. Market anxiety gives you some ideas. Mr. Market determines Bitcoin so it can not be considered "safe storage" at all. All it takes is 50% of the value in an instant.

don't panic mate i think have nothing effect in bitcoin about the banning the bitcoin keep increasing the price value more than the expectation for this month so i suggest with you calm yourself and work hard for the future of bitcoin.

This was the first time that putin has took a stand directly against bitcoin.Its very surprising to see him terming bitcoin as a pyramid scheme.

He says that it would be used for illegal activities and money laundering all over the country.

Last month only,they were very much concerned about the saving bitcoin holders since its price is falling.

Totally contrast to it,this tie they were very much worried about the huge increase in price of bitcoin.

It seems that the central bank of moscow would ban all bitcoin exchanges in the country.

Despite china ban on ICOs,South korea ban on ICOs and now russia's ban on bitcoin,still bitcoin price is surging high towards $5,000 and it clearly shows the potential of bitcoin.

I think this is legit. Coindesk.com also posted about this news on Russia. I think they are just making a FUD news like what China did but they have a hidden plan to do about it. I don't know what it is but I smell something fishy. :D

I heard one of the reasons is because mostly bitcoin used for illegal acts but I do not know the news is true or not, I think there is only one possibility that they are afraid the residents to evade tax because this is the main reason of the government banned bitcoin.

Same senarios of what happen a few months ago when China banning crypto currencies. We know it's a kind of alarming news but then, we must have to continue of what we have started. This is another challenge for crypto world and I believe that we can scape of being burst from criticism..

Never mind Russia, with China itself we never had any serious effect on bitcoin and cryptocurrecy for long. Tell me now how do you think the Russia's actions will destroy bitcoin, huh? I think some people are just afraid and started thinking may be Russia's action will change the face of bitcoin which not going to happen. Bitcoin sets certain benchmark that no country in the world will destroy it because that's what true decentralization means e.g. China is the country with highest number of cryptocurrency investors - yet banned and bitcoin fully recovered like nothing happened in only less than 60 days. Russia too got nothing on bitcoin and all the rest of cryptocurrencies as well, trust me! ;D

I think the government and the banks are not able to control the money of people, which are using virtual coins. So they want to get rid of all these coins to recover the control on the money transactions.

is not this an old story? is there any new news developing?

I think Russia has taken a policy from the past

Russia afraid that people will invest fiat in crypto and its impossible will be to control because banks will like sh... and fiat will move abroad by crypto without control!!!

Maybe that's one of the reasons. in my opinion the Governments fear bitcoin is a tool for illegal acts, money laundering and tax evasion in their country

There is no way that they can ban totally Bitcoin as the title implies 'Breaking: Russia Will Block Bitcoin Exchange Websites, Says Central Bank Official' they will only ban 'Bitcoin Exchanges' and not Bitcoin itself, this is like what China did if ever this will go through and there no major problem that we must worry in the future as Russians are too smart for them to worry with this kind of news.

'First deputy governor of the Central Bank of Russia' is the one who stated this so there is no something new about this as an another banker again is about to try to regulate the exchanges and flow of Bitcoin in Russia as if that they can stop the growth of Bitcoin in the future, they are just so alarmed to the potential of cryptocurrencies.

Russia has said before that it would like to regulate the use of cryptocurrencies by Russian citizens and companies.
This move seems to be in line with the idea of government control over Bitcoin. The blocking of citizens from using Bitcoin exchanges puts all the control over citizens and their digital currencies in the hands of the government.

Whether other countries will also ban bitcoin, like china and russia.

if you take some time will find government ban exchange not bitcoin

all this ban to reduce price

---

after china bitcoin give kick for all countries and keep rising to 5000$

I think its a little misinterpretation. The finance minister said that they will want to discuss the idea of regularizing Bitcoin or other cryptocurrencies rather than completely banning it. I dont think they will do anything to ban bitcoin completely.

I don't know why they are doing that about 3 to 4 weeks ago china also banned bitcoin and the price of bitcoin went down but after a couple of weeks it went up again to the same price.

1. Russian officials have no idea what they are doing, or what they really need.
2. They won't be able to enforce any kind of cryptocurrency ban, either usage ban or trading ban would be only dead law.
3. Russia banned bitcoin before, and if I remember correctly this only caused Bitcoin to be more popular in Russia.
4. Russian citizens will do whatever they want despite official regulations or plain BTC ban, people in Russian have a long history of fighting against the system after all.

Bitcoin already tried China ban recently in previous weeks and not succeeded so Russia ban will do nothing to bitcoin markets now prices speaks loudly before coming fork.

Does Russia prohibit bitcoin? In my opinion, no. Yesterday, Russian President Putin did not say very well about the bitcoins saying that they also financed terrorism, but there was no question of prohibiting bitcoin. So to say that Russia prohibits bitcoin prematurely.

Yea that's probably accurate. They probably don't know what it is or how to regulate it so they just ban it. It's only more exposure for bitcoin in Russia and people will be naturally more curious. If they ban it or not the free market is always going to find it's way beyond a ban. I also have doubts on how they will enforce this kind of ban. Shutting down exchanges would be a step but you can't stop on-chain exchanges like Ether Delta for example.

I don't understand how Russia can ban bitcoin when recrntly they raised $100M to fund he largest bitcoin mining farm in Russia! Something seems off.

And if this news was true, we should have seen a big sell off in the price of bitcoin but there was hardly a dent.

They were talking shitless about adopting cryptocurrencies, they said their biggest online market is going to accept Bitcoin, Putin was talking about the

Future of money, suddenly what happened to change his mind? I bet Vitalik whispered in to his ears to push his own blockchain on top, this almost

Smells like Putin is following China in manipulation games?

Next to china,another communist country russia has taken the same stand against bitcoin.Putin has termed bitcoin as a pyramid scheme.He has to find some reason to blame bitcoin for money laundering,illegal activities.Russia has never been friendly towards bitcoin from the beginning itself.

Very soon,we could expect the central bank of russia to ban all bitcoin exchanges in the country.I think that russia has decided to take actions against bitcoin very soon after china and south korea have taken the action.I think that these countries believe that combined and continuous action against bitcoin would hault its progress.

.But,despite china and russia's actions,bitcoin price is marching towards $5,000.Bitcoin is turning to be the unstoppable force.

I think this is a form of conspiracy, so far Russia has not banned ethereum, and only always makes news of controversy about bitcoin, they also continue to interrogate burger king as owner of whoppercoin. They realize that bitcoins can not be fully controlled and they want crypto currencies that can be fully intervened.

They are not going to ban but Russian authorities said earlier this year they would like to regulate the use of crypto-currencies by Russian citizens and companies.

i don't think that russia really wants to ban bitcoin because with so many ico is release and i see most of the ico are from rusia, maybe it will makes the dev from russia will send a letter to their government and they need to be explained about what is going on. i think there will be more bad news is out after bitcoin reach the highest price because they want to buy bitcoin too like other people so they will use every way that they can to block bitcoin to not high.

Based on my research and i see in facebook information that russia is not banning the bitcoin? So we dont need to panic if china banned the bitcoin and also russia? I know that bitcoin is strong and i believe to bitcoin , becuase many people investing here so keep earning.  :D

I just wonder why bitcoin is banned in China and now to Russia? we know how bitcoin can help us and especially the country's economy so why do they do it. ? ???

will this have a major impact on the current bitcoin price? or is it only a small impact?

It is as expected. Based on the article, it was initiated by the Central bank.and you know, business is business. They want to protect the legacy of bank's business. Bitcoin's popularity has become a global trend. and Many investors are allocating now their investments into Cryptocurrency.

Maybe this is legit or not. Or some FUD to affect the BTC value. However, i belive this will not affect the Bitcoins stability on a large scale.

Bitcoin has becoming more resistance again government regulation, the whole cryptocurrency world is changing, and this ban, I must say, will not going to affect the price that much. maybe few people will get panic but not for the majority. Russia itself, with their nonsense action, just trying to make their citizens get away from bitcoin, buy hey, there's so many place out there other than russia that's worth for living.

Russia, China, South Korea or any country can do what they really want to do. And then who cares?, bitcoin as I have look at it is nearing 4900$ again. So the community has no sense of panic and even slight on giving this attention to this kind of news.

At the same time, government is not part of bitcoin world as of now. So those pronouncements and FUD’s won’t work anymore even it what country a first, second, third world country this belongs.

Bitcoin is decentralized. Period.

Asas far as i know russia is so many bitcoin holder in there and they are always a crypto currency lover but probably we dont know real reason why they are banned bitcoin in there

both countries have the same type of governance, they wanted to have such control in any people inside their jurisdiction they felt that crypto can
harmed their economy which they dont have any rules yet placing taxes from this type of investment so i think they do wanted to have much control
and earn as well from this system.

Don't believe this shady news. This is impossible.
Russia start creating RMC (Russian mining center).. and plan create own miner with high speed.
They invested billions dollars to RMC

I dont think Russia want ban bitcoin. Just like China. people need to know nothing can stop bitcoin now

if it is true Russia will follow in China's footsteps of course it is very bad because Russia is also a country that affects bitcoinand if that happens the price of bitcoin will go down but it will improve as well as yesterday

i don't think so my opiniion i see in my eyes the bitcoin price so far goes rising russian government banning the bitcoin for sure want regulate the bitcoin but i believe bitcoin as decentralized currency no one can control for bitcoin as currency.

bitcoin can not be controlled by any country but every country if prohibiting the existence of bitcoin will also affect the price even though the bitcoin price will come back again

Reading the article in the link you provided, there's no surprise to hear such statements from a central bank deputy governor. Maybe, bitcoin poses a threat to their system and they would want to prevent that before people starts supporting bitcoin in a larger scale. It's just sad how major companies also have the autonomy and capacity to ban bitcoin platforms and exchanges. Let's just wait how everything turns out since it is in contradiction with the stand of the country's finance minister. Would the country follow Japan's footsteps for bitcoin future? We never know.

[color=limegreenThe first criminal case for encashment of bitcoins was instituted in Russia
Three businessmen accused of illegal cashing more than 500 million rubles][/color]

maybe what Russia is doing will have a big impact on bitcoin. but I always believe and believe, bitcoin will still be able to survive and return to have value and maybe its value will be more up than at this time.

This news dosen't make Sense for bitcoin. as you can see for next bitcoin frok btc price is rising.
Same news was released few year ago.

Yes,I also see it. And I was so socked that again banned bitcoin.Why? Why they don't accept bitcoin? If there any problem than they should solve the problem but it's not right to ban bitcoin.It's so sad that so many countries are ban bitcoin for that they can't control it & it also effect on their countries tax.Don't know how will this news effect on bitcoin markets...

 :'( :o

I don't have any problem with bitcoin in Russia

Yeah, it meens putin is afraid of bitcoin, which also means that there is some real potential in bitcoin. The more countries that ban bitcoin, the higher the price will be.

Russian policy regarding cryptocurrency and blockchain field is similar to Chinese one. They are trying to control everything, commenting that cryptocurrency is used for financing terrorism. They do not have anything to say. They are still in the 20th century

They just legalized it. I don't understand what is going on here.

This is very bad news for all types of crypto traders.This caused a hindrance in the progress of Bitcoin.But hey, when I wrote these words, but Bitcoin's speed was pretty high.From now on, it is understood that bitcoin can not be stopped anyway.

^ whereas Russia is banned Bitcoin, but why the price is still high?

unlike China yesterday, when they inaugurated Bitcoin, banned immediately also bitcoin prices fall. mm, I think they failed to drop the current Bitcoin price.

All will be ok, don't worry. There are millions wise people living in Russia and many of them are in charge or close to those who are in charge. Russia will never do such stupid thing as banning Bitcoin. As I said, Russia is full of wise and educated people, they work in the world of cryptos on the highest level. Do you know that Ethereum was proposed by Russian cryptocurrency researcher and programmer Vitalik Buterin? They'll be ok, don't worry. )

Before, China and now, Russia? Every country was threatened and seems scared to what bitcoins can do, this is positive for me in a sense that bitcoins was so powerful that it can even affect the government of a certain country but at the same time this is a little bit alarming because the opponents of bitcoin do everything in order to bring it down due to its popularity. I hope every country can see the true potential of cryptocurrency and stop opposing it.

I hope this news won't happen. Well, this is just an speculation after all. I will only believe if Russia states something regarding this.

Russia and its rulers are trying to control everything and everyone.
I think it's not legal,but they do not write the laws.
But we all know that a deny all is not possible.

It seems to me that it's not indicated in the fact that countries refuse it.
And Yes,Putin to seek bitcoin because it cannot be traced.

I don't think it will ban BTC forever. It would be like China, they will impose rules on it. Putin is a blockchain believer as seen on his meeting with Vitalik and his government's plan on creating their own blockchain.

Russia's ban on bitcoin is not surprising, in my country bitcoin is also prohibited because the government can not control them. What they do not control, they will think of ways to eliminate it.

Ban bitcon in Russia is of course possible at the level of the country,but what is going on and inure to the Internet, you can't deny.

That is good i don't think there are a lot of Russian alt coins that are very good and highly recommend that is why we should not worry about Russia banning btc more for us from btc then am i right or not?

Governments that love to fuck their citizens and steal their money - don't like Bitcoin.  Therefore Russia and China must outlaw it or stop stealing from the people.  Don't worry, Russians are used to getting fucked in the ass and the Chinese are too timid to do anything. 

It will have almost no effect on the rest of the world.  Carry on. 

Did Russia banned bitcoin? I'm too late in news. The last news I heard is that China banned ICOS. But not bitcoin, but right now, Russia banned bitcoins? For what reason? Do you have any article that supports this?

do not panic this is all,
russia makes a new vibration let all countries panic about it,
this is all the russian trick because russia has a new plan.

Yes.. Your prediction is right. now bitcoin cross $5000 and they almost raise $5900+.

I don't know how much increasing bitcoin price in this month. Bitcoin face so many problems , legal issue , some here Banned but bitcoin price never stop they will increase.

We hope In the last of this year bitcoin price will cross $7000... Its only my Opinion.

Thank You.

I think if Russia has banned Bitcoin, Bitcoin prices have risen in the past few days, which is really good because no country can control Bitcoin at this time and the Bitcoin community has done a very good job of pump Bitcoin $ 5800 today

Show some articles regarding to this topic? i think President Putin has regulated Cryptocurrency in Russia and he said that he will do his job to draft law together with the Central Bank.

Even Russia banned bitcoin or not, bitcoin can still go up because it is unstoppable and there is still a lot of countries that have a lot of bitcoin users that are continue supporting and using bitcoin as a source of income and also money to buy things in their places. Bitcoin is getting higher and higher and i think that 10,000 USD price is soon to see.

LOL people are already know that such regulations can't stop them to trade and hodl bitcoin, they already learnt from the past when china trying to ban bitcoin but just fail.
see now, every government regulation that against bitcoin released, the price didn't shaking.

Thats true, I think that our both issues could be a problem for the governemtens, we''ll have to find out what will happen.

maybe that's a wrong news, i heard russia doesn’t ban bitcoin but just forbid the exchange of bitcoin, just like in china many people spread the news that china forbids bitcoin but it’s wrong because china doesn’t forbid bitcoin but only prohibits ICO bitcoin .
maybe you should find a reliable and right news not the fake news

russia won’t prohibit bitcoin, you can be a bitcoin holder in russia but you aren’t allowed to exchange bitcoin in russia, because it’s assumed as an illegal transaction by the russian government, because russian banks don’t want to legalize bitcoin and if the russian government legalize bitcoin it can disrupt russian financial system, for an example: china cannot control the ICOs and finally the chinese government forbid ICO in china, china just forbids ICO not banned bitcoin.

I have not read the news about the ICO ban in russia, their constitution considers bitcoin as money in a monopoly game. Putin also does not value bitcoin positively. It is proven by the legal interrogation they have done on Burger King for using crypto currency in their business. This is inversely related to the emergence of many ICOs from within the country especially in the development of ethereum.

Russia is doing the same thing as China. They bann all the exchangers and ICO's so they can open a new powerful exchanger , so they can make profit from that. Maybe they are thinking to even open their own cryptocurrency. Anyway there is no official news from government saying anything about bitcoin so until that will happen we have to wait.

I do not believe Russia will ban Bitcoin. I know Russia banned bitcoin exchange not ban bitcoin (According to the article).

prohibiting exchanges not banning Bitcoin, these are different matters. I've read that russia legalizes Bitcoin, just like Japanese welcomed the Bitcoin market warmly. the Russian government says that bitcoin transaction can be tracked and that’s why it’s legal.

this news doesn’t say that Russia bans Bitcoin, they only prohibit Exchanges because Bitcoin is assumed has very high risk to be used as a tool of investment. this is to protect their citizens who use Bitcoin because of its volatility.

They did not ban bitcoin, they only prohibit to exchange bitcoin to their fiat money. You can still own bitcoin even if you live in Russia. I believe they will soon accept bitcoin once almost every nation accept bitcoin.

This article doesn't exactly say that they are banning bitcoin. It's just they block exchange in order to protect Russian BTC users because it's one of the  biggest tool for invedtment. I think Russia means no harm, they want to protect and wsrn their people.

I think the Russia is just trying to regulate the bitcoin and they are not banning bitcoin because if they ban bitcoin then you will see the results in the price like what happened in china, when they banned bitcoin then they easily make the price dump and right now you cannot see any dumps in bitcoin so the banning in bitcoin in Russia is not true.

I don't see that as a coming ban on bitcoin. Russia is actually trying to regulate cryptocurrencies as they are planning to launch their own CryptoRuble
https[Suspicious link removed]cutive-order-for-cryptoruble/

Same reason china gave when they banned exchanges. Its not a total ban but probably on its way to regulation. If you think about it, they have a point though banning won't be able to do anything about it

Right it just a regulation, As you cannot ban porn the same implies to Bitcoin and other digital assets. The more you put regulations on it the more precious it will become for people, Did not we Just reached 5.8k USD after china put a lots of regulation.

Bitcoin remains trackable, that article doesn’t say it can’t be tracked, we are discussing about the Russian government planning to ban on Exchanges due to the Bitcoin’s very volatile nature, their reason is to protect their citizens who use Bitcoin. if you talk about other articles it’ll be another matter especially if you haven’t read the news.

Banning exchanges which are running illegal businesses. So the country itself hasn't banned Bitcoin.

Maybe they do the same thing as China, ban just for a while not forever

I think this article is legit, but none the less even if Russia and China have already banned cryptocurrency, still many countries today still accept bitcoin so we don't need to worry a thing about this kind of news.

As there is currently no such prohibition on bitcoins and operations with it in Russia. However, in Russia, state agencies are proposed to prohibit the cultivation of bitcoin on farms at home and allow only specialists to buy / sell bitcoin.