Russia-based Bitcoin Startup

[Bobblehead Pete]

..reaction about the imminent Russia's bitcoin ban
http://bitforum.info/t/bitcoin-based-entities-speaks-up-about-russias-bitcoin-ban/673

Do you think that Russia's bitcoin banning will eventually push through?

[krigger]

..reaction about the imminent Russia's bitcoin ban
http://bitforum.info/t/bitcoin-based-entities-speaks-up-about-russias-bitcoin-ban/673

Do you think that Russia's bitcoin banning will eventually push through?

No, Russia is not stupid and as very big country, they will for sure accept it.
I think that when they officially do it, then price might go up, as they are big nation, many investors from there will jump in.

[innocent93]

..reaction about the imminent Russia's bitcoin ban
http://bitforum.info/t/bitcoin-based-entities-speaks-up-about-russias-bitcoin-ban/673

Do you think that Russia's bitcoin banning will eventually push through?

No, Russia is not stupid and as very big country, they will for sure accept it.
I think that when they officially do it, then price might go up, as they are big nation, many investors from there will jump in.

No, you're wrong, they did ban Bitcoin, the law published in last year and they are starting to execute it recently.

[asuryan180]

..reaction about the imminent Russia's bitcoin ban
http://bitforum.info/t/bitcoin-based-entities-speaks-up-about-russias-bitcoin-ban/673

Do you think that Russia's bitcoin banning will eventually push through?

No, Russia is not stupid and as very big country, they will for sure accept it.
I think that when they officially do it, then price might go up, as they are big nation, many investors from there will jump in.

No, you're wrong, they did ban Bitcoin, the law published in last year and they are starting to execute it recently.

Yes i second this and if you know anything about russia you will no why they done this, the west is the enemy and they don't want anything they can't control to be used by the masses in their country. Russia is about control Bitcoin is about freedom the maths to find the answer is easy 

[bitcoinluv79]

I think it's not going to be easy for them to enforce the ban. It won't last.

[Chef Ramsay]

Putin's rich buddies aren't subjected to the same laws that the masses are. Sooner or later, these big boys will get their buys going especially when the market gets moving and they're witnessing their US counterparts collecting profits.

[OROBTC]

...

Chef Ramsay

Yes, that is an excellent observation on realities in Russia. There already plenty of rumors that Putin is the world's richest man, and several different rumors that he is worth on the order of $40 billion.

He did not get all that money without a lot of help along the way by his oligarch pals.  Putin's cronies will indeed share in the riches that Western technology (like Bitcoin) may bring to the world.

Russia has always been a bare-knuckled kind of place.  Those who wind up on top smashed the fingers of those they stepped on climbing the ladder.  Our system here in "the West", even with all of its problems, is not the nasty place that Russia is.  As to whether or not the Putin Oligarchs can control Bitcoin, I have no idea...  That may depend on the spirit of the Russian people.