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Title: [2014-10-03] RIA: Finance Ministry proposes huge fines for BTC use in Russia Post by: Arvicco on October 03, 2014, 04:17:07 PM Ministry of Finance proposes to fine cryptocurrency users up to 1 million rubles (https://translate.google.com/translate?sl=ru&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fbitnovosti.com%2F2014%2F10%2F03%2Fmillion-za-kriptu%2F&edit-text=) (Google Translate)
Quote Finance Ministry of Russan Federation proposes to introduce fines of up to 1 million rubles for the issuance of any digital currency, distribution of software for the emission of such currencies, as well as for operations using it, draft law published on the official portal of Russian legal acts. Title: Re: [2014-10-03] RIA: Finance Ministry proposes huge fines for BTC use in Russia Post by: LiteCoinGuy on October 03, 2014, 06:52:09 PM 1 million rubles = 100 USD Title: Re: [2014-10-03] RIA: Finance Ministry proposes huge fines for BTC use in Russia Post by: notthematrix on October 03, 2014, 07:50:53 PM The same fineś go for use of dollar and euro!
so notting inresting here.... Title: Re: [2014-10-03] RIA: Finance Ministry proposes huge fines for BTC use in Russia Post by: notthematrix on October 03, 2014, 07:57:56 PM 1 million rubles = 100 USD Not really, it's actually about $25K. Not negligible, at any rate. if you can exchange on btc-e :) you only need one place in the word to exchange remember :) Title: Re: [2014-10-03] RIA: Finance Ministry proposes huge fines for BTC use in Russia Post by: Arvicco on October 03, 2014, 09:06:41 PM The same fineś go for use of dollar and euro! so notting inresting here.... This is not correct. Proposed legislation does not concern foreign currencies at all and is targeted specifically to cryptocurrencies. Foreign currencies and their exchange will still be legal, but any operations in digital currencies will be criminalized. Now, the question of enforcement is still an open one of course. But you won't be able to legally accept BTC in your local business - they'll fine you. And it is expected that access to any websites with bitcoin-related information will be blocked from Russia. Title: Re: [2014-10-03] RIA: Finance Ministry proposes huge fines for BTC use in Russia Post by: notthematrix on October 03, 2014, 10:39:21 PM The same fineś go for use of dollar and euro! so notting inresting here.... This is not correct. Proposed legislation does not concern foreign currencies at all and is targeted specifically to cryptocurrencies. Foreign currencies and their exchange will still be legal, but any operations in digital currencies will be criminalized. Now, the question of enforcement is still an open one of course. But you won't be able to legally accept BTC in your local business - they'll fine you. And it is expected that access to any websites with bitcoin-related information will be blocked from Russia. Russia is here just as powerful as me making this law... I dont care about its laws , if they have no way to enforce them ,,,, look at http://thepiratebay.se/ or http://silkroaddrugs.org/tag/silk-road-2-0/ it does not realy matter what law russia makes ore Santa makes of father chrismas makes... if you can enforce them they are just emty words :) to change to rubbles use http://www.btc-e.com he explaines it very well , at a bilderberg like cobference..... https://www.youtube.com/watch?v=06wUSPCoRpg&list=PL8ucbgLbIE-sR9U17GuJF8RZChrUWySl_&index=4 its simple if you cant enforce it your laws are just empty words. Title: Re: [2014-10-03] RIA: Finance Ministry proposes huge fines for BTC use in Russia Post by: TheButterZone on October 03, 2014, 10:47:26 PM No summary executions? Worthless.
Title: Re: [2014-10-03] RIA: Finance Ministry proposes huge fines for BTC use in Russia Post by: shawshankinmate37927 on October 04, 2014, 12:22:07 AM For anyone who enjoys freedom, I guess it's time to pack up and GTFO of Russia.
Title: Re: [2014-10-03] RIA: Finance Ministry proposes huge fines for BTC use in Russia Post by: notthematrix on October 04, 2014, 02:12:53 AM its symbolic 60.000 rub is 1149 euro http://themoneyconverter.com/RUB/EUR.aspx not that mutch.....
further there is no way for them to ennforce this....... and when rubble drops because of crypto it will only be cheaper :) Title: Re: [2014-10-03] RIA: Finance Ministry proposes huge fines for BTC use in Russia Post by: LiteCoinGuy on October 04, 2014, 07:50:28 AM http://www.coindesk.com/russia-proposes-fines-bitcoin/
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