News: Putin

[scarsbergholden]

putin just realize he can evade a SWIFT ban with bitcoin

most likely some one mention bitcoin around hes financial advisory reunions and he could be now thinking about making some moves, lets say he has about 2 billion usd on active reserve he wants to move around the globe freely bitcoin would do just the trick.

[dothebeats]

putin just realize he can evade a SWIFT ban with bitcoin

most likely some one mention bitcoin around hes financial advisory reunions and he could be now thinking about making some moves, lets say he has about 2 billion usd on active reserve he wants to move around the globe freely bitcoin would do just the trick.

Yes, liquidating your assets can be easily done by means of using bitcoin because it isn't tied to any personal documents of the user or whatsoever. If this is the case, then Putin may have found the greatest tool he can probably use to move some money around.

[sana9821]

i really doubt that russia will have bitcoin as the currency in their country after so much time of banning it and not letting people to use it but well see

[scarsbergholden]

i really doubt that russia will have bitcoin as the currency in their country after so much time of banning it and not letting people to use it but well see

well not the complete country but do to some of financial restrictions some of this high rank political members of the current putin government will be looking for a way or tool to move most of the oil money they have.

[yeponlyone]

Some sources [UPDATES AT THE BOTTOM]:

http://eng.coinspot.io/2015/07/14/vladimir-putin-you-can-use-bitcoins-for-some-operations/

http://linkis.com/www.coindesk.com/rus/RPoRs


Coindesk refers to a Russian article here: http://www.gazeta.ru/business/news/2015/07/14/n_7376709.shtml (in Russian of course). Google translate (unedited):

Russian President Vladimir Putin believes that the use of Bitcoins and other cryptocurrency acceptable. Such a statement the president made during the educational forum "Territory of meanings on the Klyazma" is a live broadcast channel "Russia 24".

"They are in no way provided this money, that's the whole point, is the main problem. They are useless and do not really tied in no way guaranteed. But in general, as the unit of account as they're called, "coin", they can be used, they are more and more widely spread. Like any equivalent in some segments of calculation, probably, probably, "- said the president.

Earlier, Putin spoke about "Chocolate period" in the economy.

Most interesting is perhaps that the "Chocolate period" in the economy remains uncommented  


UPDATE of sources/addresses:
http://www.coindesk.com/russian-president-vladimir-putin-addresses-bitcoin/
http://www.gazeta.ru/business/news/2015/07/14/n_7376709.shtml
http://ria.ru/economy/20150714/1128390254.html
http://tass.ru/ekonomika/2120007

Also see [2015-07-14] COINSPOT.IO: Vladimir Putin: You can use bitcoins for some operation at https://bitcointalk.org/index.php?topic=1122705.0

[gogxmagog]

major banks all over the world are warming up to BTC, Visa even. Now this, Russia lightening up; this opens the door to BRICS working with blockchain. Ive got a feeling 2016 is going to be a very big year. MOON!

[dothebeats]

major banks all over the world are warming up to BTC, Visa even. Now this, Russia lightening up; this opens the door to BRICS working with blockchain. Ive got a feeling 2016 is going to be a very big year. MOON!

Well, 2014 was also a year of hype due to VCs pouring in, but we didn't see moon that year. Hope 2016 would be good to us all, given that block reward halving is also on the way. If Putin even reconsidered using bitcoins for some of his transactions, it could be hyped upon by the community and other people as well.

[RoadTrain]

I wonder why some people think BTC is banned in Russia. Apart from our Internet regulator banning some websites (a decision overturned by the court later), nothing happened. There's no ban, there's regulatory uncertainty. And our central bank has already said it is willing to regulate Bitcoin to some extent.

[eerygarden]

I wonder why some people think BTC is banned in Russia. Apart from our Internet regulator banning some websites (a decision overturned by the court later), nothing happened. There's no ban, there's regulatory uncertainty. And our central bank has already said it is willing to regulate Bitcoin to some extent.

Because of Western propaganda maybe?

[nutildah]

"The only unchanging thing is change". So everything can be change.

7 can't change. It will always be 7. Its never going to slip down to being 6.

[ticoti]

But if you read the new he says he doesn't like bitcoin 

[runpaint]

I wonder why some people think BTC is banned in Russia. Apart from our Internet regulator banning some websites (a decision overturned by the court later), nothing happened. There's no ban, there's regulatory uncertainty. And our central bank has already said it is willing to regulate Bitcoin to some extent.

AFAIR they did propose laws that would prohibit digital currency transactions.

Hopefully the period of uncertainty will have a bigger effect now that it's over, even more than if it was endorsed by the government from the start.

[pooya87]

i see a lot of people saying they should accept bitcoin as their currency!
this is never going to happen, the government will never let such a thing happen. simply because they can not control something that is based on decentralization and anonymity , plus it is always easier and cheaper for the government to just print their money rather than anything else.

i think the best explanation of their stance with bitcoin can be explained by this title:
"Putin does not reject the use of electronic money, but against their widespread"

[grendel25]

From the reliable source of some guys twitter account.       But at this stage it doesn't matter about China, Russia, or any country.  Heck... it doesn't even seem like poor transaction performance has an affect on bitcoin as the price raises to a new base around $300.  But I'm not complaining

[ikydesu]

This is confusing news, first russian ban bitcoin and now Putin seems show sign if he start to accept bitcoin.

We do not reject anything, but there are serious, really fundamental issues related to its wider usage, at least, today

Still doubt if this good news haha.

http://www.coindesk.com/russian-president-vladimir-putin-addresses-bitcoin/

[MF Doom]

There have been rumors that btc is some sort of nsa project related to tracking peoples monetary activities.  Could it be that putin thought this too, and now is finally thinking its "safe" to use?

I really wonder how putin really feels about the US Govt and vice versa.  How much of the situation is just media hype??

[Q7]

It think it will make a whole lot of difference if they adopted bitcoin... considering the population, size of the economy, i reckon it will mean something

[RoadTrain]

I wonder why some people think BTC is banned in Russia. Apart from our Internet regulator banning some websites (a decision overturned by the court later), nothing happened. There's no ban, there's regulatory uncertainty. And our central bank has already said it is willing to regulate Bitcoin to some extent.

AFAIR they did propose laws that would prohibit digital currency transactions. Max Keiser doesn't really help us by promoting illicit activity...

A lot of stupid laws are being proposed here, but fortunately, most of them don't get anywhere. After all, the law is not the law until it passes legislation, so we don't need to panic prematurely.

[Guido]

http://www.coinfox.info/news/2404-vladimir-putin-you-can-use-bitcoins-for-some-operations

Vladimir Putin: You can use digital currency for some operations
14 July 2015 Hits: 4977

President of Russia Vladimir Putin says that it is possible to use bitcoins for some operations.

Putin discussed bitcoin with the participants of the Klyazma Youth Forum, says Kremlin.

“This money has no real basis and it does not depend on any real entity. In general you can use these ‘coins’, they are spreading more and more. You can use them as the equivalent [of money] in certain segments of economy. This is possible,” said president of Russia.
Putin noted that he discussed the digital currency with the head of the Russian Central Bank, Elvira Nabiullina. “People in Central Bank have a very professional position [on bitcoin]. We do not reject it. Yet there are serious and real problems with the acceptance [of this currency].”

Press-secretary of Vladimir Putin Dimitry Peskov later noted that Vladimir Putin did not speak in support of bitcoin.

“It was not specifically about Bitcoin, they talked about some form of conditional payments,” said the press-secretary of the head of state, “It is clear from the context of his speech."
This spring, the Central Bank of Russia, originally very critical of cryptocurrencies, became much more favourable towards them.An unnamed official connected to the Central Bank informed the Izvestia newspaper that the regulator might start to regulate some of the bitcoin transactions such as remittances or payments to private accounts. Allegedly, the Central Bank was going to meet the financial markets representatives to discuss the question of bitcoin and cryptocurrency use in Russia.

Later in April, the head of the Central Bank, Elvira Nabiullina spoke favourably of bitcoin. Experts suggested that a government-run bitcoin exchange could be created to monopolise the ruble/bitcoin conversion.

[jaberwock]

They probably will make their own state controlled crypto coin, like Ecuador or Bolivia said they are going to do.

I doubt Russia will officially adopt something they can't control