Now Russian Bank Federation Warned Their Citizens About Bitcoin

[xb0x]

English Traslate:


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.

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

[BADecker]

Virtually all the banks of the world are "debt banks." They are under some central control that can manipulate the fiat currencies on a moment's notice. In addition, they are inflationary in nature, a thing that happens so that the banks can increase in value at the expense of the people that use the money. It happens constantly to ALL of the fiat currencies.

Bitcoin does not have a central location that is manipulated. Any manipulation of Bitcoin is done by the market. So, why does Bitcoin have its ups and downs? Because it is a tiny bit of truth, floating in a world full of bankers' lies.

Political science is, at its core, the process of constantly screaming whatever you want to be heard, until that is finally the only thing that people have to listen to. This is what the banks, and the world governments, have been doing for ages... political engineering through the use of political science.

The Internet and Bitcoin are giving the people a chance to have freedom. Don't listen to the lies of the banks, at least without listening to a good amount of the truth, as well.

[EndTheFed321]

Indeed 

[bitjoint]

What did you expect from the big record labels? to acknowledge that p2p+mp3 was a great innovation and join the party? 

[EvilPanda]

Nothing new - they just repeated what others said a month ago, and what they said is fair. They don't treat BTC as a currency and take no responsibility in case of a loss, that's OK, I guess nobody expects them to.

[elelegzet]

 Recently many things was restricted by Russia. Any other country hich follow the same path will be considered as totalitarian.

[2bfree]

Speculative and virtual is the Russian Central Bank printing the fiat Rubles

[theonewhowaskazu]

Unless I'm reading it wrong (it is a bit of a pain to read given its rough translation) there seems to be pretty much nothing wrong with what they said. If all the Central Banks in the world came out and said "Bitcoin's price is largely speculative, we won't back it, you risk your own money when you deposit it onto online exchanges, we can't guarantee the legitimacy of merchants accepting Bitcoins, we won't do anything ever to protect your money stored in Bitcoins" I would be almost happy.

[chaolang]

now the country gorv started to involve : ( whre can bitcoin go !

[247crypto]

Recently many things was restricted by Russia. Any other country hich follow the same path will be considered as totalitarian.

"Bank of Russia" is private bank.