is it true that bitcoin account in russia is blocked?

[pardede]

whether it will affect the bitcoin and why the block

[vroom]

little to no affect on bitcoin. the market is not large enough to have an affect on the bitcoin price.
I can think of 2 reason why they want to forbid it. They fear the flight of capital, money would leave the country. And they don't want the ordinary people to profit from bitcoin.

[Herbert2020]

there is nothing called "bitcoin account".
and the only news involving bitcoin and Russia was from a very unreliable source (a well-known clickbait news site) so it is probably not true. specially since Russian government has been so accepting lately towards bitcoin and their central bank has said they are thinking about regulating bitcoin like Japan.

and in case it were true, of course it wouldn't be without effects but the effects aren't going to be be much.

[mk4]

Can you link us the news to Russia blocking bitcoin "accounts"?

Bitcoin cannot be banned or block. To ban or block bitcoin you need to ban the whole internet. I can only see Russia restricting it's people from using bitcoin services like Coinbase or something similar, or maybe banning of exchanges through their ISPs.

[Bacchu]

whats about you are telling? How Russia blocked bitcoin account??  may be they can stop/blocked exchange platform or something like that.but they cant able to blocked bitcoin account. will you share the news source link? with out source the news seems to me rubbish.

[vroom]

whats about you are telling? How Russia blocked bitcoin account??  may be they can stop/blocked exchange platform or something like that.but they cant able to blocked bitcoin account. will you share the news source link? with out source the news seems to me rubbish.

source: https://www.coindesk.com/russian-regulator-bitcoin-limited-qualified-investors/

[rodel caling]

whether it will affect the bitcoin and why the block

if that news is true the bitcoin blocked in the russian government i think nothing affect to bitcoin on that issue, there's many country accepted the bitcoin in the whole world, so nothing to worry about that maybe sooner russian government woke up if understand the importance of bitcoin to help for the economy.

[pioner331]

Not every man in Russian government wants to block or regulate cryptos. Its a subject being discussed. They are writing a law to regulate these markets. So no substantial news till 2018 from Russia. There are rumors of crypto ruble official currency

[mondobitcoin]

whether it will affect the bitcoin and why the block

I dont know with certainty, but i have heard that russian police have raided the house of some miners
I cant explain why, because i think that mining bitcoin is total legal, maybe because they have watched a high consume of electricity

[btccashacc]

whats about you are telling? How Russia blocked bitcoin account??  may be they can stop/blocked exchange platform or something like that.but they cant able to blocked bitcoin account. will you share the news source link? with out source the news seems to me rubbish.

source: https://www.coindesk.com/russian-regulator-bitcoin-limited-qualified-investors/

First, there's nothing called Bitcoin account maybe he means account on the exchange, anyway thanks for the link after checking the article there's no clue about Bitcoin being banned or blocked they the government just want to regulate Bitcoin as a stock/asset not as a currency, I'm surprised that their government start to propose it, in other countries especially in my country Bitcoin has been regulated as stock since 2014, however this proposal is currently being discussed between their central bank, stock exchange, and the government.

[TheGodson]

I'm not sure how some of you guys are saying that Russia being blocked wouldn't affect the price of Bitcoin. Russia has roughly 143,375,006 people living in its country. Those are a lot of potential users that could drive up the price. There is also the possibility of other countries following in their footsteps.

[A1exander]

As others already said, there is no such thing as "bitcoin account". Web sites of some exchanges may be blocked, but right now I have no problems accessing Kraken and CEX.IO. Bitcoin clients work as usual (I personally use Electrum). It is a proposal (not yet a law) of regulation.