Some bad news for a change: Russia's total ban on bitcoin

[yefi]

I heard there is a scandal in Russia. Something like 8 people died to amphetamine(?) which they bought by using bitcoin... I could be wrong.

They should have stuck with tried and trusted Krokodil. Those pesky Ruskies will never learn.

[fsb4000]

Central Bank did not support the Finance Ministry's proposal

Giving the Bank of Russia decision-making powers in relation to information that allows to issue money substitutes or transactions with them, is the need for constant monitoring of the Internet (in the case of crypto currencies) to identify illegal activity, "- said the Central Bank. "This is not consistent with the objectives and functions of the Bank of Russia, provided by the federal law on the Central Bank, "added the press service.

http://1prime.ru/finance/20141003/793143602.html

[RoadTrain]

In Russia most people have savings in USD and EURO.(after default 1998)
USD goes up to Ruble.
Every goods are cheaper because prices in Rubles have changed little.

May be vodka, milk and bread are cheaper, but, I heard that Russia has banned import of many western goods. I suppose that the most of high quality wares are now being delivered by smuggling and that makes it more expensive.

You are wrong here. Actually the ban is quite smart as it prohibits mostly those goods that can be substituted with locally produced alternatives.

[BlindMayorBitcorn]

In Russia most people have savings in USD and EURO.(after default 1998)
USD goes up to Ruble.
Every goods are cheaper because prices in Rubles have changed little.

May be vodka, milk and bread are cheaper, but, I heard that Russia has banned import of many western goods. I suppose that the most of high quality wares are now being delivered by smuggling and that makes it more expensive.

You are wrong here. Actually the ban is quite smart as it prohibits mostly those goods that can be substituted with locally produced alternatives.

So it's Russia crashing bitcoin this time?

[panju1]

Russia isn't the only one. Last I heard, Bangladesh was planning to jail bitcoin users.
To the moon.....

[bajlox]

Russia isn't the only one. Last I heard, Bangladesh was planning to jail bitcoin users.
To the moon.....

One more country is trying to do ban BTC on users.
Cmon we can allow this to happen.
We need to stick all together or we will all be banned.

[azguard]

What is this more and more countries are banning this are they nuts?

Let go to Bahamas or cayman island or some third world country where this is still worth something.

Kidding.