Bitcoin Forum

Russian central bank to ban websites offering cryptocurrencies

Russia will block access to websites of exchanges that offer crypto-currencies such as Bitcoin, Russian Central Bank First Deputy Governor Sergei Shvetsov said on Tuesday. He called them “dubious”.
Russian financial authorities initially treated any sort of money issued by non-state approved institutions as illegal, saying they could be used to launder money. “We cannot stand apart. We cannot give direct and easy access to such dubious instruments for retail (investors),” Shvetsov said, referring to households.

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

What the hell?

The can ban websites, but Russians are clever people so it will not be problem for them to use VPN and access the websites anyways ;) In any case, it really shows that the banks are fearing Bitcoin and other cryptocurrencies they don't control.

China V2 they are on same way. nothing will happen. They are trying to regulate crypto currencies. All authorities are trying to regulate crypto currencies which is currently impossible.

Despite ban from russian central bank seem bitcoin price not affected by the news.
No one can stop bitcoin!

I am not worried about this, I notice when bitcoin prices go up, there must be actions or issues that are not good for crypto. I am sure the news that this Russian central bank will not affect the current and future crypto.

You must take note that it is "going" to ban them. Has not done it yet.

Not sure how the legislation would work there. If they ban cryptocurrencies they also ban US dollars, Euros etc.

Lets watch this space. If there was an easy way to do this it would have already been done.

Cryptocurrency is decentralized. There is no one to attack to stop it!! Governments already know this and its a HUGE headache for them.

and russian people love crypto. I read about Putin met Ethereum CEO Vitalik Buterin, and other good news about how cryptocurrency is very welcomed in russia. Seems only central bank against it there

That's their loss. Surely Russia of all people will understand the pointlessness of trying to ban websites. Unless they're prepared to invest in high tech software and a lot of programmers who must work round the clock to actively block nodes and tunnelling, blacklist DNSs and monitor internet traffic, they're going to have a hard time blocking citizens from a huge part of the internet. And with so much Russian interests behind cryptos and ICOs, you can be sure they'll find ways to access.

Putin would be miffed at the central bank for sure.

I guess how this plays out all depends on whether they're trying to stifle BTC in Russia because they want the new Russian official cryptocurrency built on Ethereum to prosper.

After china ban speculation people learned lesson no body going to dump bitcoin may be its Russian strategy to hold more bitcoin before hardfork and get some bitcoin gold also . Otherwise russia planning to get more bitcoin by spreading this kind of rumours as a announcement. Nobody can stop bitcoin.

OMG))) And Russia is there too .. So what will it give? Include VPN and all right again. In my opinion, it is a useless and losing decision to fight with crypto-currencies. We must not fight, but regulate. I hope that China has already understood this.

Russian government should embrace btc to fight the embargo.  Why would they want to fight btc when their currency is not that good?

I think same. If country will ban cryptocurrencies it will make a big step back in development. Stupid decisions are making fast but what next..?
If big investors and businessmen will defence Bitcoin than it have a hope to survive :)

Banning websites in Russia is an action about as useless as it gets. I will be really disappointed with humanity if this impacts Bitcoin price, especially after China comeback.

I guess the market is used to such news, there is not much impact to Bitcoin price. Even if the Russia government block all crypto websites, the Russian will have all ways to access the websites.

I think this is just another method and way of pressure from Russian government.. But I dont think it will make modern Russian people to stop working with cryptocurrencies and use such kind of websites:).

Although price of btc is not affected

IMO this decision is big as Russia is a kinda big region there

Anyhow just look at china, then look back at Russia.

Everything is fine i suppose, when you are banned, get a cryptocard :)

 :D that's perfectly true

Crypto's will swing if Putin starts to use it, great news.
Russia are really cleaver... :D

Another country who want to invest in the crypto money, they just ban so the price will decrease and invest in it , after a few days resell

Agree. Absolutely useless solution. The only thing they will achieve is even less trust and understanding

If the russian was talking about another bullshit to spread about the fake news to ban crypto in this time and that even doesn't make sense in my opinion, This is not the first time that the rusia was trying to ban the bitcoin. This just an attack to the bitcoin. We must try to troll the russian central bank just like that already did by the eidoo project to the jamie's fraud opinion.
If the russian talking about to ban bitcoin and the result will be zero.