russia bitcoin ban

[ToQcHista]

hi.

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

maybe that bitcoin price very drop down ?

[gadman2]

In Soviet Russia, bitcoin ban you.

[ToQcHista]

In Soviet Russia, bitcoin ban you.

already ban  ? when ?

[cakir]

In Soviet Russia, bitcoin ban you.

[ToQcHista]

what will happens  ? will be bitcoin ?

what will be 1 or 2 years ? 

[ToQcHista]

why should will close in russia bitcoin ?

[LadyLuck]

I think they have a very high level of corruption, and this law will be applied very selectively.  But for most people, they can keep using Bitcoin.

[ToQcHista]

I think they have a very high level of corruption, and this law will be applied very selectively.  But for most people, they can keep using Bitcoin.

bitcoin don;t have future ,? I am right?

[Amph]

I think they have a very high level of corruption, and this law will be applied very selectively.  But for most people, they can keep using Bitcoin.

bitcoin don;t have future ,? I am right?

yeah but not in some countries, where they ban and blaming it because it bring child porn and criminal, when their fiat currency already do the same but in a worse way and on large scale too

despite this some russia citizens are still using bitcoin

[ToQcHista]

I think they have a very high level of corruption, and this law will be applied very selectively.  But for most people, they can keep using Bitcoin.

bitcoin don;t have future ,? I am right?

yeah but not in some countries, where they ban and blaming it because it bring child porn and criminal, when their fiat currency already do the same but in a worse way and on large scale too

despite this some russia citizens are still using bitcoin

but main is bitcoin price and in russia that will close bitcoin after drop btc price ;(

[dothebeats]

I think they have a very high level of corruption, and this law will be applied very selectively.  But for most people, they can keep using Bitcoin.

bitcoin don;t have future ,? I am right?

yeah but not in some countries, where they ban and blaming it because it bring child porn and criminal, when their fiat currency already do the same but in a worse way and on large scale too

despite this some russia citizens are still using bitcoin

but main is bitcoin price and in russia that will close bitcoin after drop btc price ;(

There are more factors that really affect bitcoins success, not only the price. It is true that we are currently experiencing a decline in price, but that doesn't mean that the coin is dead. Also, even if Russia bans bitcoins, I don't think it will hit bitcoin hard. Russia is just a single country, there are other countries in the world that still accepts bitcoin, and within the confines of those counties lies people who are willing to use bitcoins as long as their country isn't that hard on the idea and usage of bitcoin per se.

[ToQcHista]

I think they have a very high level of corruption, and this law will be applied very selectively.  But for most people, they can keep using Bitcoin.

bitcoin don;t have future ,? I am right?

yeah but not in some countries, where they ban and blaming it because it bring child porn and criminal, when their fiat currency already do the same but in a worse way and on large scale too

despite this some russia citizens are still using bitcoin

but main is bitcoin price and in russia that will close bitcoin after drop btc price ;(

There are more factors that really affect bitcoins success, not only the price. It is true that we are currently experiencing a decline in price, but that doesn't mean that the coin is dead. Also, even if Russia bans bitcoins, I don't think it will hit bitcoin hard. Russia is just a single country, there are other countries in the world that still accepts bitcoin, and within the confines of those counties lies people who are willing to use bitcoins as long as their country isn't that hard on the idea and usage of bitcoin per se.

As I realized, good is if in russia will close bitcoin ?

[ToQcHista]

before in china close bitcoin and after bitcoin price drop significantly

[jbrnt]

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.

[dothebeats]

I think they have a very high level of corruption, and this law will be applied very selectively.  But for most people, they can keep using Bitcoin.

bitcoin don;t have future ,? I am right?

yeah but not in some countries, where they ban and blaming it because it bring child porn and criminal, when their fiat currency already do the same but in a worse way and on large scale too

despite this some russia citizens are still using bitcoin

but main is bitcoin price and in russia that will close bitcoin after drop btc price ;(

There are more factors that really affect bitcoins success, not only the price. It is true that we are currently experiencing a decline in price, but that doesn't mean that the coin is dead. Also, even if Russia bans bitcoins, I don't think it will hit bitcoin hard. Russia is just a single country, there are other countries in the world that still accepts bitcoin, and within the confines of those counties lies people who are willing to use bitcoins as long as their country isn't that hard on the idea and usage of bitcoin per se.

As I realized, good is if in russia will close bitcoin ?

Not actually "good" but if ever Russia bans bitcoins, it wouldn't affect the price significantly.

before in china close bitcoin and after bitcoin price drop significantly

Yes, when China supposedly banned bitcoin, many investors, traders, and holders panicked, selling off their bitcoins and thus resulting to a massive price drop because apparently, a large volume of bitcoin trades take place in China. Also, large mining industries and farms are situated in China as well.

[maku]

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.

You are right. Bitcoin is banned in Russia as far as I know. I found statement in wikipedia that says: "As of 2014, bitcoin is illegal in this country. On January 27, 2014 the Bank of Russia issued a statement on bitcoin usage in which it was characterized as money substitute banned for emission in Russia. The Bank warned against potential illegal usage of such substitutes, including money laundering and financing terrorist activities."

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

[ToQcHista]

Okey .

I already think bitcoins have future ))

[ashour]

I don't think that the Russian bitcoin ban will affect bitcoin very much. The Russian bitcoin community is really small, there are very few shops in Russia that accept bitcoin.

[moppang]

so... what happened if russia ban bitcoin?
but i dont care i keep use btc forever

[Bitware]

I would leave Russia.