russia bitcoin ban

[OROBTC]

...

There are probably ways to get around a Bitcoin ban in Russia (VPNs?  TOR?).

Buying BTC might be the hardest part of the equation though.  One nice thing about owning some Bitcoin is that you can take them with you...  Nice way to avoid capital controls if you ever travel outside of Russia.

*   *   *

LOL: "In Soviet Russia, Bitcoin ban you!"

AllyrBTCrblong2us!

[Kprawn]

Ok... So let's say they ban Bitcoins in Russia.

The only problem with that, would be that merchants within that country, would not be allowed to accept Bitcoin as a payment method.

People would also find it difficult to buy Bitcoins {Bitcoin ATM's / Vending machines will not be allowed} .....BUT people will find ways around that. {Online options}

The people would still have online wallets and they will still have paper wallets to store it. They can still buy things online in other countries with it.... {How do you stop the internet?}

It will just force people to use it underground {Black market}   

[Sarthak]

I don't know about Russia! Its already banned in our country 

[WhatTheGox]

hi.

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

maybe that bitcoin price very drop down ?

The russia bitcoin ban is already priced in, they aren't going to warm to something that gives such individual freedom as bitcoin.  The west will have to show why bitcoin is better and they will be forced to join in later.

[LiteCoinGuy]

what will happens  ? will be bitcoin ?

what will be 1 or 2 years ? 

up and down.

[Netnox]

If it's banned it will be used by criminals, so big money would come in.

[xandry]

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)

[gargantuar]

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)

Your English is excellent.  Way to disperse the FUD and get to the facts.  Thank you. 

I, for one, am surprised at how bitcoin has been treated in the USA.  I expected more of a crackdown than there has been. 

[Lauda]

hi.

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

maybe that bitcoin price very drop down ?

No, why would it? Bitcoin doesn't need Russia. Russia will need Bitcoin.
They will regret the decision that they've made.

Ok... So let's say they ban Bitcoins in Russia.

The only problem with that, would be that merchants within that country, would not be allowed to accept Bitcoin as a payment method.

People would also find it difficult to buy Bitcoins {Bitcoin ATM's / Vending machines will not be allowed} .....BUT people will find ways around that. {Online options}

The people would still have online wallets and they will still have paper wallets to store it. They can still buy things online in other countries with it.... {How do you stop the internet?}

It will just force people to use it underground {Black market}   

Online? Good luck registering on a exchange and sending them money. They can effectively ban it, especially if they put in place harsh punishments for the users.
I'm hoping that this will change in the future.

[oblivi]

hi.

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

maybe that bitcoin price very drop down ?

My take is that it will be irrelevant to the market price. Whoever is into Bitcoin now, knows how to circumvent bans, because only intelligent, geeky people into technology are into Bitcoin in 2015, the dumb mass will take 10 years to get it.

[fox19891989]

before in china close bitcoin and after bitcoin price drop significantly

Yes, China bans bitcoin, and shut down bank transfer to exchange. But we Chinese can still deposit to exchanges' bank accounts.

Now Chinese stock market is bullish, Chinese don't buy btc until their stock market becomes bearish.

[fox19891989]

I read news about Russian government banned bitcoin 1 year ago. I find those communism countries hate bitcoin, so does China.

China also bans bitcoin, so bitcoin went down significantly because China and Russia has banned bitcoin since last year.

[Amph]

I read news about Russian government banned bitcoin 1 year ago. I find those communism countries hate bitcoin, so does China.

China also bans bitcoin, so bitcoin went down significantly because China and Russia has banned bitcoin since last year.

it's confirmed that china banned bitcoin? i thought those were only rumors, because the cny volume with btc is very high, and also it was denied numerous times

also a chinese(ceo of avalon) here on the forum said that it is still legal to trade bitcoin there

[S4VV4S]

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?

[CoinTop]

I will still use Bitcoin Russia has no affect on my passion to use bitcoins.

Also how are they going to stop Russians from using Bitcoin.

[acquafredda]

what will happens  ? will be bitcoin ?

what will be 1 or 2 years ? 

up and down.

were you saying lows & highs?

 

[fox19891989]

I read news about Russian government banned bitcoin 1 year ago. I find those communism countries hate bitcoin, so does China.

China also bans bitcoin, so bitcoin went down significantly because China and Russia has banned bitcoin since last year.

it's confirmed that china banned bitcoin? i thought those were only rumors, because the cny volume with btc is very high, and also it was denied numerous times

also a chinese(ceo of avalon) here on the forum said that it is still legal to trade bitcoin there

It is confirmed. In last year, Chinese central bank announced that all BTC&ALtcoin exchange bank accounts must be closed. But the exchanges bosses are clever, they hired some exchange agents, so users can deposit money to exchange agents, and exchange agents transfer the money to exchanges' bosses personal accounts. Therefore everything is solved, exchanges COMPANY accounts were closed, but their owners' PERSONAL accounts couldn't be closed. Only Chinese courts can freeze or close PERSONAL account in China. They do not violate laws(the announcement of Chinese central bank is not a LAW, it's just an announcement), so Chinese central bank couldn't close their accounts.

Banning btc in China is not strict, but I guess more than half of Chinese BTC investors&speculators abandon btc trading because of that announcement. That's why the price is going down in recent months.

And you mentioned CNY volume, volume can be faked, don't trust the volume. Bots create most of the trading volumes everyday because trading fee in Chinese BTC exchanges is 0%. Trading bitcoin is legal, but depositing to exchanges' COMPANY accounts is illegal, that's why they use the new deposit methods.

[fox19891989]

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?

It's extremely difficult to ban bitcoin, but they can ban deposits to exchange, Chinese bans bitcoin in this way, but exchanges bosses are clever, they have their solutions.  They hired some exchange agents, so users can deposit money to exchange agents, and exchange agents transfer the money to exchanges' bosses personal accounts. Therefore everything is solved.

[Enzyme]

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.

[umairsaleem]

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.