Bitcoin Forum

http://www.cryptocoinsnews.com/news/russia-ban-bitcoin-reports-ria-novosti/2014/08/02

no wonder I get so many hits from Russia to my faucet site

йo-йo-Moнeты, anyone?

Whenever bitcoin price raises there is always some ban news start appearing. Let's see how russia effects price of bitcoin.

If small country banned BTC, won't effect BTC price

but russia is big country, maybe bitcoin price will went down ???

Always talk of banning bitcoin - how exactly can bitcoin be banned?
Those Russians are tech-savvy, dont think much of a 'ban' will be happening there imo.

I heard Bitcoin was on MH17 and Russia shot it done, true story.

Bleh these Bitcoin ban stories from China and Russia are like those nuc threats from DPRK.

Hello,
Bitcoin can be banned by the government so no official vendor can accept it.
This way BTC will be used even more when it is not legal, people will buy crock with it and other nasty stuff. This is a bad news again.
BR
Gondel

"According to RIA Novosti, the Ministry of Finance said that uncontrollable virtual currencies create shadow economies ..."

I'm not sure they've thought this out. :D

It seems that Russian authorities don't like anything coming from West last years.
Maybe for them Bitcoin is some kind of danger for their economy :)

I don't think that it will happen, cause there is a small village in Russia where there are no rubles and they use their own surrogate currency. And if bitcoin would be banned that village will die imho

This is the double secret ban we all hoped would never happen.

Next step:

triple ban

As usual it won't work

They have banned it before and it did not stick and now they are banning it again. Chances are it more than likely will not stick again and I see a third ban coming next. A Country like Russia though I guess will try anything more than once to get what they want.

In Russia bitcoin bans you!

 :D :D :D :D

I don't understand why they are trying to ban it again it didn't work the first time it isn't going to work this time unless they are so media hungry they will try anything.

i think they not legitime about bitcoin becasue of many accident of internet about lose money . they not want people loss money as fast to owner website who give betting promissing .
but some europe will legitimate this one . just patience and world will change

Maybe helping separatists to shoot down passenger jets is also a danger for their economy and their ruble?  ::)

 :D :D :D

Bang bang he shot me down ?
Nobody really cares about Russia and China these days, it's their loss anyways.

Russia banning Bitcoin?

Apparently China is also Russia now...

I wanna hear their hilarious explanation.

How do you ban bitcoin? Someone please inform me.

This may not affect the price of the increasingly fading bitcoin lately

Putin down the BTC? 

:D Good one!

I dunno if this is having a serious effect on the price, however.

ban, unban, ban, unban..
when it is the end

were are going to need a new board

/ban/

That was a really short lived return for Russia. I wonder why they keep flip flopping?

Hacking, Piracy and driving drunk are also banned in Russia......  :D

Looks like some Russian billionaire is going to get a new roommate - (what's the Russian word for Bubba?): http://cointelegraph.com/news/112045/russian-billionaire-believes-in-xapo-bitcoin

You know bans don't work when you need a second one :-)

As per,this does not surprise me. We should expect a 3rd ban in approx. 1 month and 29 hours.

if you cant control the code, control the people.... make them fear the power of a gun and handcuffs .. but we know in most cases it never works, take the alcohol prohibition. the moonshine industry was more popular then Pepsi back then

This is really not a good way IMO to "ban" bitcoin as there are just so many ways to avoid detection using bitcoin (VPN, Tor, ect). I feel that any attempt to "ban" bitcoin would simply move bitcoin related trade to the "black market" and would really never be effective. The only real way to "ban" bitcoin would be if a country were to be able to effectively censor and control the internet in a way similar to NK.   

Yes you would think with the economic sanctions by the EU and USA Russia would just say FU and embrace bitcoin
to more their money around internationally...they keep saying they want to undercut the US dollar..and now probably
the EU Euro...so it is either

1) only the elite are moving money around in various methods in Russia (ie state sponsored (look away at bigshots doing such wink/wink)
    thus they control the $$$ supply leaving the country (which with sanctions may be major).but keep options for the Russian elite!

or

2) banning bitcoin because they have no clue that it can't be banned (in reality) with any great success and again to really
stop the regular Russian type folks ..trying to move as much fiat out of the country as they can (see china ban) due
to the west's economic pressures and other Russian elite mismanagement of their country.

hell it is probably they don't have a clue what bitcoin is/does and just banned it out of ignorance

Searing

Kinda like how the government wanted to ban recordable CD's and DVD's. That turned out really well hey. As soon as the govnt sees something it doesn't fully understand, and is threatened by it, it wants to ban it. stupid.

"But just a few weeks ago on July 2, the Wall Street Journal reported that Russian authorities softened their stance on Bitcoin, with the central bank claiming that they wouldn’t hamper the usage of Bitcoin.

The Wall Street Journal reported: “The Bank of Russia is now accumulating information about so-called crypto-currencies and is not blocking Bitcoin, the central bank’s first deputy chairman Georgy Luntovsky said Wednesday.”

Luntovsky added that Russia needs to watch how the situation develops and that virtual currencies should not be rejected.

So it seems that either various Russian governmental authorities have opposing views on Bitcoin and are publicly butting heads on the issue, or they simply change their minds on the issue every few months. This announcement should probably be taken with a grain of salt, as it wouldn’t be surprising to hear in two weeks that Russia changed their mind once again."


Does not look like a big concern for now. Stay tuned for more exciting updates...

Russia trying to manipulate the market like China, not doing very well haha.

I think you may be slightly off here, panic seems to kick in again, pricr is falling pretty fast again.

They most certainly haven not, because they think the Bitcoin economy is/will be a mere shadow. In reality the fiat economy is the shadow economy, built on the lie of value of worthless fiat scrip.

Bitcoin is the light of dawn, the truth, the (r)evolution given form.

Get it right, Russia.

LOL
Where is the BTC price falling "pretty fast"? The daily range is ~$14 and it is well above last weeks low.
Also note: The medium-term trend has been pointed up for several months (i.e. ~$340 up to ~$650)

Prepare to go much higher.  :)

http://www.coindesk.com/russian-ministry-finance-drafts-bill-banning-bitcoin/

The BRICs are either completely moronic or super brilliant.  2016 will be the true tell when they open their bank.  This is either brilliant FUD spreading to buy or moronic people shooting themselves in the face.

Did Russia ever come back and publicly endorse BTC the first time, or was it just speculation that they were loosening their restrictions?

This is very good for bitcion.  The world is very mad at Russia these days.  Now the west will let bitcoin become another item of world dominance with Russia on the "other" side.  Europe and the US are going to let bitcoin flourish.  In about 5 years, Russia is going to be looking very stupid indeed. 

https://imgflip.com/i/aq1ew (https://imgflip.com/i/aq1ew)

Two large market, China and Russia, are gone. US market is going to regulate bitcoin to limited usage.

Without wider market, price will stagnant or fall.

they are not prepared for the future...future with cryptocurrencies 8)

The Russian market wasn't exactly robust before this. A second world country that happens to have a lot of vintage military hardware doesn't mean a lot to bit coin. 

lol russia is always doing the dumbest shit towards their people ... its only going to cause bitcoin to become an  underground source of funding and then what? its probly putin doing it so he can control more of the drug trade :)

They are much like China in that there is always some hidden motive. I have long ago given up any inclination to try to figure either country out.

One ban is never enough

I just seen on the news that russia is gunna boycott a bunch f food and products from the usa and other countrys in  nato ...wow their only hurting their own people , russia needs to use their brain before their mighty desperate people rise up agianst them

Hahaha, what are you thinking?

They're hurting everyone else! Europe will be getting a trade surplus.

The sanctions aren't hurting the Russians as much as the American sanctions are hurting Americans.

You need to use your brain, this is a obvious win for Russia and loss for America/Canada/Other-NATO-countries.

it just said russia only takes up like 7% of american exports so it isnt hurting us one bit.

Yeah, and so it isn't hurting them one bit either.

The sanctions America placed against Russia hurt American businesses because they can't buy Russian goods anymore. Thus, American sanctions are good for the government and bad for the people.

So, regardless how you look at it, America is the one getting hurt, no Russia.

China used to want ban bitcoin extrange, but acctully it still works very well here, here we could sell and buy bitcoin in minute, so i think Chinese goverment is more friend to bitcoin compare to other countries at least now.

I think when bitcoin price raises they will approved again.Because they have banned it before..

It wouldn't be surprising to know BTC is lowering strength of russian currency..

Russian govt is shit..

Russia Rubble is going to strengthen in the coming years. The economic is less of a mess after Putin took over.

The nationalization of the oil industry help the country rather weaken it as the wealth is being used to help the population as oppose to exploitation of the west.

Big country, lots of people, might affect the price..here we go again...waiting for the roller coaster to take off... 8) 8)

I don't understand what is there problem. When all over the world Bitcoin is spreading they ban Bitcoin.  What is the point?