russia bitcoin ban

[funkenstein]

You can't close a P2P currency. It doesn't work that way, get a private list of peers or find a shady Bitcoin dealer.

Using Bitcoin is illegal in Russia now, if you were found using Bitcoin and anything related Bitcoin, they will put you in jail.

lol.  How about if I just have a 1 and not a 0 written on a piece of paper?  Will "they" put me in jail?   

How about if I look at somebody and raise my eyebrows? 

Look around people.  Jails are usually for the poor and not for the rich.  Why do you think that is going to change? 

[sana54210]

hi.

in russia that will close bitcoin after how will be impact on bitcoin ?

maybe that bitcoin price very drop down ?

I don't think it will be a right move if they enforce it strongly. As the countries that adopt and evolve are the ones that will prosper and Bitcoin is surely the currency of the future when it gets more mainstream. I think Russia will be wise enough not to strictly abolish the presence of bitcoin than giving way to slow growth of bitcoin in the country.

[Zorrocoin]

I thought Russia banned bitcoin last year in 2014, how do they ban it again? It turns out the legislation was proposed last year and is finalising in 2015:

https://www.cryptocoinsnews.com/russian-bitcoin-ban-plans-to-fine-digital-currency-users/

According to the document, individuals that are found to be creating, mining, or issuing Bitcoin or other digital currencies will be penalized 30,000 to 50,000 rubles. The fine gets steeper for government officials, whom are supposedly held to a higher standard despite rampant reports of corruption in Russian government. Businesses, or legal entities, would be liable for up to 1 million rubles in fines if caught. In an unanticipated development, Russia will also be fining those that simply disseminate information that promotes digital currencies. Russia’s Bitcoin ban is the most heinous that the community has seen thus far.

This August probably regulation being handed.

In 2 April Bitcoin Conference Russia was held. In this conference, Artem Tolkachev, a managing associate from the legal agency Tolkachev and Partners, recommended to "get out of Russian jurisdiction" for companies and firms involved with cryptocurrency.

You could get details from the site http://cryptohoot.com/russias-bitcoin-ban-is-expected-in-august/

[Amph]

You can't close a P2P currency. It doesn't work that way, get a private list of peers or find a shady Bitcoin dealer.

Using Bitcoin is illegal in Russia now, if you were found using Bitcoin and anything related Bitcoin, they will put you in jail.

lol.  How about if I just have a 1 and not a 0 written on a piece of paper?  Will "they" put me in jail?   

How about if I look at somebody and raise my eyebrows? 

Look around people.  Jails are usually for the poor and not for the rich.  Why do you think that is going to change? 

they said those crap things just to scare investors, no one has ever gone to jail because he was playing with bitcoin(without exchanging them for fiat)

[Febo]

In Soviet Russia, bitcoin ban you.

^^^^
LOL, that made me laugh too....

Apart from that,
wasn't Bitcoin already banned in Russia?
And China?
And God knows where else?

And how do they ban Bitcoin?

Yes exactly how they do it?  Just by saying it is baned. it dotn exits?

[Alexis]

Bitcoin has been banned in Russia 6 times.
Bitcoin has been banned by China 17 times.
Bitcoin has also died 43 times.

[xandry]

Yes exactly how they do it?  Just by saying it is baned. it dotn exits?

Restriction of access to information resources (blocking websites), fines for the use of "surrogate money". The amount of fines are significant by the way. It will concern only the Russian users, will simply take away bitcoin in shadow sector.

[mercistheman]

Can't get my head around the China ban... so they have these huge mining farms using enough electricity to run JFK... yet no red flag here... these are just good guys collecting good luck charms... what do they think they will be using these coins for?
My theory is these farms are govt operated for financial leverage in case this btc thing grows legs

[lucullus]

Putin has been linked to nefarious organizations

[defcon23]

hi.

in russia that will close bitcoin after how will be impact on bitcoin ?

maybe that bitcoin price very drop down ?

russians are all going to move in spain where Bitcoin is VAT free now   ( as many bitcoin companys in the world in the next future... )

[umair01]

It is not a wise move for Russia to ban bitcoin, which is something inevitable in future, better to adapt bitcoin in early stages, banning something as revolutionary and which has so many positives as bitcoins will only have repercussions on the nation,  i think they will relax their laws on Bitcoin and will soon give more freedom to it.

[ChuckBuck]

Bitcoin has also died 43 times.

Goddangit!  Why is every other thread mentioned the untimely demise of our beloved Bitcoin.   

http://bitcoinobituaries.com/

Welp, that's it.  Stick a fork in her, she's done....

[MR1]

hi.

in russia that will close bitcoin after how will be impact on bitcoin ?

maybe that bitcoin price very drop down ?

More Russia bans bitcoin, more Russians will turn to anonymous coins which are very hard (if not impossible) to trace.

Russia`s ban will also push Russians to decentralized exchange platforms which are currently under development. 

[tescomatty]

With a lot of online bans, I see it being lightly enforced and easy to get around. Surely people who seriously use bitcoin will be able to easily circumvent it. I wouldn't worry.

[ToQcHista]

why is banned bitcoin in russia ?

[tescomatty]

Shouldnt affect too much, as others have said bitcoin users are generally tech savvy and online bans are hard to enforce, to so this should be a minor inconvenience at best.

[xandry]

If the situation in Russia is interesting to someone, I can recommend to read this article -> Bitcoin sites blockage: crowdfunding camaign announced

Administrators of the few sites about bitcoin submitted a claim for the appeal to unblocking sites and they have chances to win. 

[Aggressor66]

In July, it was stated that Russia was softening its stance on bitcoin usage and that it was accumulating information on the so-called crytocurrency known as Bitcoin. It is important to note that while this statement is true based on deputy chairman Georgy Luntovsky, you could just as well see another story in the news saying that Russia bans bitcoin for a third time. The ideal situation is that maybe they are evaluating to see how bitcoin will perform in its economy and how it can be used to expand its country’s growth.

[Skunk Fu]

In Soviet Russia, bitcoin ban you.

http://www.quickmeme.com/img/90/906dd59b2c01371777c9b682016c31c07c72a7a698d7013542e6b53371a8fbb2.jpg

HAHAHA, this is really funny 

[hellyeah]

So are there any Russian on bticointal who can indeed confirm that bitcoin is illegal in practice?

Source: http://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country#Russia

I'm russian and i cannot confirm this. The bill is, but it isn't adopted yet. Moreover, it uses the concept of "surrogate money" rather than bitcoin or cryptocurrency. Now there are no official restrictions for operation with bitcoin, except cases when you want to pay taxes on the business.
It isn't recommended to use bitcoin simply, especially in the sphere of business.

I found not bad article where partially it speaks -> Russia and India Continue to Consider Cryptocurrencies.

Now the second version of the bill is considered. Already with exceptions in the form of bonus miles, points and to that similar.

(sorry for my poor english)

So basically, Bitcoin is not banned in Russia and the OP is trying to spread FUD?
Is that correct?