Bitcoin Forum

Penalties for the use and creation of methods of generating cryptocurrencies.

Business get $25,000 fine for using Bitcoin.
Each individual get caught using Bitcoin will get $1260 fine.
Government officials get caught using Bitcoin will get $2,507 fine.

Central Banks are now expecting USA to follow this penalty law for the use of Bitcoin.
Central Banks are still the rulers of USA. Legislations are now secretly being draft up in USA.

http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use

http://cointelegraph.com/storage/uploads/view/4eb5150056fbf39ef8af31a92ca2ff62.jpg

Curious which country is releasing such tough regulation to bitcoin, which is trying to kill bitcoin. I don't think the USA will follow.

Not going to happen.

Mother Russia doesn't want her children using bitcoin.

Rewarding individuals with lower fines compared to companies means mining will be more distributed in Russia. :)

This is not right ..

I wonder what makes them ban bitcoin. Look like less people is supporting Bitcoin nowadays.

Less people? How?

He was just letting his agenda come exploding out of his flamboyant asshole. in other words, he was "talking out of his ass"

as I understand it country's with the least freedom are more likely to be aggressive against Bitcoin..

 
not too surprised to be honest  

The USA have a track record for destabilizing Russia's economy. This is their way of keeping the russian citizens down.

may I ask what this has to do with Bitcoin?

Yeah, how is this relevant? 

plonk

Pay no attention, dude is batshit crazy...usually doesn't stray from the Politics subforum.

Russia is the largest country (however, not largest population). Thus, if Russia ban bitcoin, about half the population of human will not be able to use bitcoin.

If the Bitcoin community failed to prevent the Central Banks from banning Bitcoin in Russia. USA will be able to ban Bitcoin next.
The 13 inbred Terrorist European Bloodlines using their Central Banks to own & control USA & Russia. When you look at their country's flag you will notice the 3 colors "Red, Blue, and White"

These are "central colors" of "Central Banks" to let their inbred children know that they are the same. The people in control of these country are biological family members of the 13 inbred Terrorist European Bloodlines related to each other by DNA.

World Population:
7,125 million (approximately)

Russia Population:
144 million (approximately)

I don't think "about half" means what you think it means.

China banned Bitcoin and yet they have the highest volume of trades.

If Russia bans Bitcoin the trade volume will be through the roof.

Banned things are used more aggressively in Russia and China.

This is a sign that Russia actually has no F***ing clue what they are doing with their monetary policy.. not one single F***ing idea.

banning bitcoin will be like prohibiting vodka

personally ，i think Russia ban is not a bad news .
Just like USA Dry Law ， this kind of prohibition would boost people's incentive of using bitcoin to protect their property from RUBLE devaluation .
As you can see , ruble value is declining very fast against dollar recently ,thats the reason Puting Gov bans bitcoin . 

Dam Russkies always pulling some ass backwards sh$t regarding policy.  Always something brewing government wise between them and China, before they inevitably reverse course.

https://pbs.twimg.com/media/BzBNAqiIgAAL7o0.png:large

Every year it seems they try to pass it as law, we'll see how long this stands up.

How would this even be enforced? 

This will just make Bitcoin even more popular, people want what they're not allowed or able to have....

Russia is currently experiencing a decline in the valuation of it's home currency (the ruble.) This is causing them a lot of economic headache.

Of course, the reason that this is happening is because of the USA and western-backed sanctions over the conflict in Ukraine.

Likely they are "banning" bitcoin as a pre-emptive measure to protect the Ruble from further devaluation.

The fact that they realize bitcoin is a threat to their own currency is telling.

Pathetic. Simply pathetic.

Which countries does this apply to?

It would be funny if this took place in America.

I wonder if you will be able to pay your fines in Bitcoin?

Russia bans use of alternative currency.

States penalties for use in USD.

Simple. Use the DRM already built into Microsoft and Apple products, and you have control over 98% of the desktop / laptop market.

I smell a new flavor of Linux:  Bitux

As soon as someone works the Kernel, I'm going to get to work on the dual boot install script for Windows users.

Now I'm waiting for the other shoe to drop. When Russia announces Putin-coins. "The coin you MUST use!"

One has to be careful here since there are ex2/ex3/ex4 drivers for Windows so it is possible for the Windows system to wipe out files in the GNU/Linux dual boot. A similar thing can also occur with network shares on a GNU/Linux machine that can be written to from Windows. Before one starts to think of paranoia here there are a few things to keep in mind. Microsoft has provided the FSB (The successor the the KGB) with access to the Windows source code. There is also the section in the Windows EULA on malicious software. One must keep in mind that if the Russian Government  deems crypto-currency illegal then Microsoft would be within their rights to remove any crypto-currency software, including such files as wallet.dat, from computers running Windows in Russia. Then there has already been a precedent of Apple using the DRM in IOS to suppresses the teachings of the Dalai Lama at the request of the Chinese Government.

Is this legitimate? Normally i would be all against this, but based on how judgemental this community is and with all of the scammers to blame, i approve. Until crypto has regulation i cannot fully support it. 

Wow I had no idea about the FSB and Dalai Lama stuff.  I guess Bitux will have to run alone with warnings about dual boot systems.  Plus there's also Android!  Who wants to make the Russian Bitcoin ROM?

SO...After using CHINA BAN BITCOIN meme for the 2417. time, it has lost its effect

NOW..RUSSIA BAN BITCOIN meme is being invoked, to try to get sub $200 coins?

YAWN  :-[

Russia has been on a serious streak of stupid bans. And the sad thing is that this ban isn't even remotely near the "stupidest" of bans within the past few months.

Just remember, they've banned the import of food from a whole bunch of countries. That led to food prices increasing by a bunch of percentage points within a few weeks.

The bitcoin ban was somewhat anticipated and surprisingly not as "stupid." Then again, as mentioned, how the hell are they gonna enforce this?

Wonderful service idea :P

I hope Maduro (president of Venezuela) does'nt see this post :)

I agree on points 1,2,3 and but i'm not sure 4 is true, especially if russia approves the ban. Its hard to see them pass it though. they would stand to gain financially by launching bitcoin related commerce projects.

Governments and big banks HATE bitcoin, so they will do anything and everything to bring it down. Russias ban on bitcoin wont succeed. Other countries im sure will follow suit, but the best way to go is if you cant beat em join em...

Russia banning bitcoin can and will cause the trade volume to decrease to levels that would be less then they otherwise would be at. It will probably still have high trading volume because their economy is not stable and bitcoin provides some level of stability to unstable economies (especially when the banking sector in such country is less then certain to survive)