Bitcoin Forum

not sure if it has been posted before:

http://noarmycanstopanidea.com/bitcoin-banned-in-russia/

if yes please mod delete the thread.

wondering how this is behind the current price drop or mtGox?

An even more powerful entity banned it this week too: Apple
http://money.cnn.com/2014/02/06/technology/apple-bitcoin/


they don't want competition, apparently...

stop spreading fud that has lost its true meaning due to unintelliagent people reading the original source wrongly and then spreading the information in chinese whispers to make the facts less and less true with each passing.

the truth is that russia warn that bitcoin COULD be used for money laundering, and as such. people trading anonymously with each other COULD be trading with illegal counterparties, as such it COULD lead some people into being linked to a crime.

its a warning, not a ban.

please try looking for the information source and research before posting these FUD articles.

So this statement -“ meaning that cryptocurrencies – the most popular of which is bitcoin – cannot be used by Russian citizens or corporations.- is not accurate information or disinformation?

cryptog1, seems you have atleast glanced beyond the media and found the meeting notes, which is good to see.

article 27 means ruble is the official currency of central banks (FIAT/legal tender), bitcoin wont replace it.

bitcoin does not want to be a replacement of FIAT/legal tender, it wants to work along side legal tender. just like russia allows euro's to be exchanged, airmiles, travelers cheques, even facebook credits..

the statement

the statement in red is the official and legal stance of russia.. EG ruble wont be substituted by bitcoin.

the statement in green is someone elses hypothesis to the meaning of the law. but infact is not law itself. it is just a statement.

the meeting was not a law making activity, it was a discussion between bankers, Russian FSB and the Russian Interior Ministry to discuss the status of bitcoin. no law has changed regarding bitcoin as of yet. but these meetings are discussion meetings which may lead to law changes in the future.

again bitcoin is not replacing the ruble, much like air miles, facebook credits, zynga coins are not replacing the ruble. as such bitcoin is not illegal.

all this meeting proves is that bitcoin seems negatively received by the russian authorities and law changes may happen. but this meeting has not changed a thing! infact the chapter 6 article 27 has not changed since 2002..

enjoy your research

I think you are totally right.
This is a proof of the manipulative power of media, even RT.
Here (http://rt.com/business/bitcoin-russia-use-ban-942/) (today's article), RT  (this is in fact a Reuters news) states that Russia has banned Bitcoin.
But there is no reference to any official statement from the Central Bank of Russia
The last official statement is: http://cbr.ru/press/PR.aspx?file=27012014_1825052.htm
When you get the translation, it just says that the Bank of Russia is warning the citizens of Russia about the risk involved in cryptos.
Nothing new.
Indeed, as long as Bitcoin (or any crypto) is not replacing the Rubble, there should not be any problem and such a replacement won't happen within the next years.
My guess is that Russia will enact new laws about cryptos but i don t see Russian ban cryptos, especially when Russia is fed up with a growing US debt they must support by buying US bonds.
They want gold, bitcoin, reliable cryptos....much better than a petrodollar fueled by fake terrorism.

How is this Reuters news? The (silly) physical bitcoin photo is attributed to "Reuters / Jim Urquhart" (http://straylighteffect.com/category/about-jim-urquhart/), but the article is RT. There is no mentioning of a bitcoin "ban" in Russia on reuters.com. Just this piece of fine journalism that claims bitcoin is "banned" in Indonesia: http://uk.reuters.com/article/2014/02/06/uk-indonesia-bitcoin-idUKBREA150HV20140206 ;)

I'd say some people at RT (and everywhere else) made a few bitcoin through other people's panic sales today. :-P

Something I've been curious about since I read this earlier. Wrt the statement in red - how is it possible then to have oбмeн вaлютa or whatever it's called (excuse my Russian) on every street corner swapping rubles for dollars or euros?

I think a bigger question is if any laws in russia can be enforced at all. :-/

sorry guys if it was a fud info, but as it come up shortly after the russian bank warning, obviously made sense to believe its truthfulness

mind you, I have no in debt knowledge of the russian politics and cant speak russian either so it is really difficult to do a research, just stumbled upon this article doing some bitcoin news research.

all in all, its probably the apple news what drives the prices down

Maybe apple news + mtgox pause bitcoin withdrawals + Russia "banned" bitcoin

or the other thread re Paypal is 'banning" bitcoin.

too much bad news for one day, time to go to bed

In mother Russia, any law can be enforced!


... with sufficient ammo.

indeed. whether rt or reuters, it seems that they are playing with disinfo all over the place.
Indonesia has not banned bitcoin or cryptos.
they have neutralized their position by saying that they regard them as commodities which does not change anything because of cryptos' polymorphism.
Cryptos cannot be banned because of their polymorphism.

These countries are enjoying the growth from creating wealth through increasing FIAT numbers by creating more debt based future credits.

The next events I will see the crisis of FOREX rate and more currency swap deals.  But currency swap deals is too expensive as compared to BTC network.

http://www.coindesk.com/russias-largest-bank-backs-bitcoin/

So watching closely for political fight on who control the money now in Russia. 

If Bitcoin is really banned in Russia how come such a large Russian company as WebMoney (webmoney.ru) is still using bitcoins? They still allow deposits to and withdrawals from WMX (mBTC) with no change at all in the recent weeks.

Bitcoin isn't banned until PGP and GnuPG are banned as well.

:)

I would say its very sad.

I had a discussion over bitcoin be backed by something like gold just like XNF-NoFiatCoin.

Having no backing and no one there to look about bitcoin makes it very attractive to money launders and drug traffickers.

There will always be doubts over bitcoin future. I think in today's time anything is possible so why not to back it by something which will give it more credibility and general acceptance.

I can see you always mention that altcoin in every posts.
But too bad, your plan doesn't work  ;)

I wrote this in a new thread - too bad Mr putin do not understand what opportunity he is missing out on

I have been playing with this thought a few days.

So everyone that follows Putins politics clearly understands his goals and ambitions by now, to rebuild russia as an empire and super power and to stand against US and EU on any global issue (snowden, syria, ukraine the list goes on and on) to show his muscles. One can have opinions about how stupid, retarded, illiterate and counterproductive he is about going at it, but no one neglects his ambitions.

So it's very pity and a shame that he really do not have any technical /economical advisor that understands the potential of Btc and really can explain to him where bitcoin can play a global role to diminish usd power.

If he really understood the damage a world wide adoption of bitcoin can do to the financial system ( which in large is controlled by american institutions and USD ) and how he can help accelerate and stimulate this development by creating a safe heaven in russia I'm 150% confident he would do it. He would go all in.  Russia has nothing to lose, american instituions control the financial system of the world, usd is the global currency of the world and russia has nothing to loose if bitcoin would to take over the world.

And its quite easy -create a safe heaven for any company and project related to bitcoin, it will create ten and hundred thousands of jobs in Russia.

Andreas you need to talk to Mr Putin.

Anyone close to Putin, PLease let Andreas make 1 hour pitch to him. Putin would die for the opportunity to take down usd.

Considering Putin actually employs Max Kieser on his state owned propaganda channel Russia Today, I'm surprised he isn't more sympathetic to Bitcoin lol!!

Perhaps Russia will be making the transition to MaxCoin (http://altcoinpress.com/2014/02/launch-of-maxcoin-bugs-users-of-bitcointalk-org/)?  :P

Now there's a worrying thought!

In Soviet Russia, Bitcoin bans You!

Oleg, more vodka!!

 :)

has anyone seen the new Max Keiser report show? or RT show?

This is article from coindesk -http://www.coindesk.com/btce-pulls-support-ruble-russia-bans-bitcoin/- states clearly that Russia has banned cryptos in the country.

“The anonymous payment systems and crypto-currencies, including bitcoin – which is the most popular of them – are monetary surrogates. As such, their use by private citizens or legal entities is not allowed."

Anyone has the original source in Russian?

http://cbr.ru/press/PR.aspx?file=27012014_1825052.htm

looks like you're wrong. text harder next time.

So it s the same official statement that I referred to. The statement is (if Google translate is right):
--
Central Bank of the Russian Federation (Bank of Russia)

Press office

107016, Moscow, ul. Neglinnaya 12, tel.: +7 495 771-44-17, 771-4669, fax: +7 495 771-49-32; www.cbr.ru





Information

On the use in transactions "virtual currency", in particular, Bitcoin


The Bank of Russia said that recently in the world have a certain distribution of the so-called "virtual currency", in particular, Bitcoin. By "virtual currencies" and there is no provision for them legally obliged entities. These operations are speculative in nature, carried out on the so-called "virtual exchanges" and carry a high risk of loss of value.

The Bank of Russia warns citizens and legal entities, primarily credit institutions and non-credit financial institutions, the use of "virtual currency" for them in exchange for goods (works, services) or cash in rubles and foreign currency.

According to article 27 of the Federal Law "On the Central Bank of the Russian Federation (Bank of Russia)" issue in the Russian Federation monetary surrogates prohibited.

Due to the anonymous nature of the activity for the production of "virtual currency" unlimited range of actors and to use them for transactions citizens and legal persons may be, including unintentionally involved in illegal activities, including the legalization (laundering) of proceeds from crime and terrorist financing.

The Bank of Russia has warned that Russian legal entities providing services for the exchange of "virtual currency" in rubles and foreign currency, as well as for goods (works, services) will be considered as a potential involvement in the implementation of suspicious transactions in accordance with the legislation on counteraction to legalization (laundering) proceeds of crime and financing of terrorism.
--

It says 3 things basically:
1- warning against the use of "virtual currencies"
2- there is no possible use of money surrogate (surrogate meaning replacing the rubble here)
3- exchanging virtual currency will be considered as a potential involvement in suspicious transactions.

We are already used to 1-
2- is nothing new and bitcoin is not here to replace the rubble.
3- is I agree harsh but as long as you are not dealing with the mafia, it should be ok (I concede: easier to say than to do in Russia).

So there is no clear statement that says -“The anonymous payment systems and crypto-currencies, including bitcoin – which is the most popular of them – are monetary surrogates. As such, their use by private citizens or legal entities is not allowed." - so far.
I may be wrong though.

And even if that statement exists, they have yet to make a law that bans bitcoins and crypto clearly.
It looks to me that they are preparing laws that would do the opposite legalizing cryptos by regulating them.

Forbidding cryptos would be an act of dictatorship. I don t believe Russia is a totalitarian country, at that stage....

1. lol @ russia
2. lol @ laws
3. lol @ russian laws
4. ya. bitcons are banned in russia. cuz they said so.

very swiftly and decisively, they will shut down a lot of stuff in a few hours once the go ahead is given. If they feel it is a threat, it will be terminated with extreme prejudice on an almost military scale. 

Russia was always strict, against innovation (if it wasn't military), and had no respect for human rights. Don't expect bitcoin support from them, they are not far from North Korea with this.
You protest against anything, they will beat it out of you.
http://www.hrw.org/sites/default/files/media/images/photographs/Russia%20Protest%20-%20Elena%20Ryabinina%20for%20Human%20Rights%20Watch%2006May2012.jpg

Stop crying.
China and Russia banned BTC because it's not very hard to see that most of the coins and the market is owned by wall street players.

don't paint it in such a biased light. In each society there are acceptable things and unacceptable things, nothing is always as it seems on the surface. They oppress that which they perceive to be a threat, military economic and moral. you cannot expect each different country to be the same. If you've had experience in different countries and really studied the situation you'll find that in most democracies, the laws put in place and enforced where made necessary by some events prior. As for human rights, there are few countries that actually follow them to the letter, least of all the top 20 powers of the world.

Florida has found a more elegant way than that.  :o

As I am registered as a money transmitter and Fin-CEN compliant, I am looking forward to profitable cryptocurrency relationships with my soon-to-be new friends in Mother Russia!

My $.02.

;)

You are so so so naive... do you really think that he and russia doesnt have a plan how to replace USD? Of course they most probably have, but it will happen the way THEY want, and WHEN THEY want, not according to what some stupid bitcoin communities wants and thinks, the sheer naivity of your post... :-(.

So hows the situation really? I know by the end of January that bitcoin was said to be banned in Russia, but in the begging of February theres some statement that bitcoin IS really benned and Hungary based  BTC-E exchanges doesnt allow the acceptence of rubles...? S how is it... Is it really illegal to buy BTC for RUB these days...?

can people stop spreading FUD and please stop using amateur sources that are not backed by proof!!!

BTC-E has not removed Ruble support. so stop sniffing the glue and please go to BTC-E and check out the BTC/RUR, LTC/RUR, and USD/RUR tabs. grrrrr i hate misinterpretations, chinese whispers, and lack of researching the news..

seriously guys before posting on this forum, when you read a news article atleast research it!

thank you for understanding my point.

alot of media is interpreting that chapter 6 article 27 of the finance law states that the only currency allowed to be handled by anyone is the Ruble.

the fact is that article of law tells people the official legal tender is the Ruble.

if any other currency was banned then the bureau de change would not exist in russia, and everyone would have to exchange out of russia.

atleast there are some smart people that do research and look between the lines

And when Comrade Putin bans the exchanges?

Then what?

бoжe мoй

My $.02.

;)

No it didnt. They extended 174 of Criminal Code to include bitcoin. Article 174. The Laundering of Funds and Other Property Acquired by Other Persons in an Illegal Way. In other words, companies cannot accept bitcoins legally anymore. That's it.

haha damn you are illiterate how on earth can mr putin have a plan do replace the dollar... you really don't know much about the russian economy nor politics - bitcoin is his best chance by far

franky1, this is exactly what I trying to say.
So far, there is no official statement from the Bank of Russia that clearly states that: -“The anonymous payment systems and crypto-currencies, including bitcoin – which is the most popular of them – are monetary surrogates. As such, their use by private citizens or legal entities is not allowed." -
It appears there is a fear-mongering action against Russia right now with disinfo about their non-acceptance of cryptos via media such coindesk.
Is started with the hoax about btc-e being investigated and now it is going on with the recent false information about the ban.

Please add your take on -http://www.reddit.com/r/Bitcoin/comments/1x982z/dont_be_duped_the_central_bank_of_russia_has_not/-

it is true though that btc-e has removed the deposit box for rubble.

Cant deposit or withdraw bitcoin<>WMX (and hence use WMZ with bitcoin) anymore

in soviet Russia we had no bitcoin????

Mmmmmmmmmmmmmmmm.........................

In Soviet Russia you did not have me!

Keep me in mind as I develop solutions.

My $.02.

;)

There is definitely opportunity now to whoever can exchange bitcoin<>webmoney

One would require a verified webmoney account which is impossible to get outside of russia it seems

Well why only ban Bitcoin lets outlaw the US Dollar as well will we at it, its a Ponzi scheme after all

http://www.washingtontimes.com/news/2013/nov/13/bill-would-outlaw-us-dollar-russia/ (http://www.washingtontimes.com/news/2013/nov/13/bill-would-outlaw-us-dollar-russia/)

More truth to what you wrote than most know or will accept!

My $.02.

;)

The Ponzi scheme part of the dollar is the truth. But Russia won't abandon the dollar, because Russia is part of the world money system Ponzi scheme.

If the dollar were trading very low, who cares. If it is the top currency, it is needed in trade. If it is just an average currency, the banking system won't let it die if they can help it.

The banking Ponzi is entrenched worldwide. It is Russia, along with the U.S. that played an important part in WWII, in putting down Hitler's plan to destroy the banking system worldwide. No matter what happens, the banking system worldwide is reasonably healthy behind the scenes - $5 trillion traded on the Forex daily.

:)