Russia's Finance Ministry Wants to Ban Bitcoin

[OmegaStarScream]

Though bitcoin regulation remains a divisive topic globally, there's perhaps no country that has kept the international bitcoin community guessing about the digital currency's future more than Russia.

You can see here full thing : http://www.coindesk.com/russia-ban-bitcoin-not-blockchain/
I'm not sure what you guys think about this , but I know that this is going to be a big loss for Bitcoin (mostly on the price part probably ) .

[ivan19]

Don't really see any reason why it would fall if Russia does ban it. Now if chin decides to ban it,then it will be best to start worrying.

[ATguy]

I'm not sure what you guys think about this , but I know that this is going to be a big loss for Bitcoin (mostly on the price part probably ) .

I dont think such stance is surprise from country like Russia where the free speech is very limited. Thus the price change should not be much affected I guess.

Wasnt it Chinese in the past with the ban-unban-ban-unban stories ? I mean Bitcoin media stories.

[LiteCoinGuy]

Wants to Ban Bitcoin but not the Blockchain  ...well, at least we made some progress here.

[QuestionAuthority]

Who cares. 110 individual families control 35% of all financial assets held by Russian households. The Russian people don't have any money. They can't help Bitcoin but Bitcoin could help them. Russian revolutions happen every few decades. Just wait until the next revolution and Bitcoin's status might change. Tsarist autocracy was replaced by the Bolsheviks, then the Petrograd Soviets, then Leftist Socialists, then the communists, then the Russian federation. The Russians have been shit on by every political leader they've ever had. It really doesn't matter what they think today because that will all change tomorrow.

[franky1]

question:
how do you say something without proof just to cause speculation
answer:
write a story that some government employee talked directly to you, so that there is no publicly available memo, announcement


coindesk pulled this same strategy exactly 1 month ago
http://www.coindesk.com/russian-minister-confirms-plans-to-ban-bitcoin-to-fiat-conversions/

"Speaking to CoinDesk, Alexey Moiseev said"

but when you actually look at the official financial reports, announcements and memo's.. all you can see is that BANKS are currenctly not legally allowed to buy bitcoin directly, this is because their regulations cannot insure them for holding assets as bitcoin.
but with that said, there is no news that says INDIVIDUALS can't buy bitcoin.

infact even Putin seems semi-positive by saying he cannot ignore the technology
"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 the economy. This is possible."
http://www.ibtimes.co.uk/vladimir-putin-says-digital-currencies-like-bitcoin-have-use-certain-segments-economy-1510976

[Pab]

Who cares. 110 individual families control 35% of all financial assets held by Russian households. The Russian people don't have any money. They can't help Bitcoin but Bitcoin could help them. Russian revolutions happen every few decades. Just wait until the next revolution and Bitcoin's status might change. Tsarist autocracy was replaced by the Bolsheviks, then the Petrograd Soviets, then Leftist Socialists, then the communists, then the Russian federation. The Russians have been shit on by every political leader they've ever had. It really doesn't matter what they think today because that will all change tomorrow.

It is like you have wrote
There is famous Maximilian Trocki quote
money in hand of our enemys can be dangerous weapon
Money in the hands of our own people is dangarous enemy
that is all about,workking not only in Russia i think
But dont care,Russians are smart,Thay are in digital currencys through ukraine,georgia.Thay have a lot of exeperience how to deal with dictators

[TKeenan]

Wants to Ban Bitcoin but not the Blockchain   ...well, at least we made some progress here.

Yeah, 'we don't mind the chicken - but no more eggs!!!'  Isn't it clear where chickens come from?

WTF?  I wonder with what Russia thinks we should pay the people who keep the blockchain alive?  Stupid fucking Russians.  

[Bitcoinpro]

Russia couldnt organise a root in a brothel   

how they going to ban coin

[biggus dickus]

It was supposed to be already banned by the first of January this year, with heavy fines for anyone caught holding Bitcoins. They've been arguing about a Bitcoin ban for over a year now. If their past performance is an indicator of their future performance they will still be arguing over banning Bitcoin this time next year.

This cryptocoinsnews story is from about a year ago, it was published in December 2014.

https://www.cryptocoinsnews.com/russia-reconsidering-bitcoin-ban-2015/

The Russian Ministry of Finance earlier this year drafted a bill to ban Bitcoin and other "quasi-money" in 2015.

Does this mean Bitcoin is in the clear? Not exactly. The bill most likely will be revised, but it may just benefit Russian corporations, but still restrict Russians ability to use electronic currency. The ban may just work around gift cards and bonus cards and remain for digital currency.

[Bitcoinpro]

It was supposed to be already banned by the first of January this year, with heavy fines for anyone caught holding Bitcoins. They've been arguing about a Bitcoin ban for over a year now. If their past performance is an indicator of their future performance they will still be arguing over banning Bitcoin this time next year.

This cryptocoinsnews story is from about a year ago, it was published in December 2014.

https://www.cryptocoinsnews.com/russia-reconsidering-bitcoin-ban-2015/

The Russian Ministry of Finance earlier this year drafted a bill to ban Bitcoin and other "quasi-money" in 2015.

Does this mean Bitcoin is in the clear? Not exactly. The bill most likely will be revised, but it may just benefit Russian corporations, but still restrict Russians ability to use electronic currency. The ban may just work around gift cards and bonus cards and remain for digital currency.

and then the ruble will collapse once and for all

50% interest rates in Russia here we come

[ATguy]

Russia couldnt organise a root in a brothel   

how they going to ban coin

They can not ban Bitcoin completly, but they can punish anyone using Bitcoin there if caught. Plus merchant will not use Bitcoin there obviously if the law will really prohibit Bitcoin usage.

[Bitcoinpro]

Russia couldnt organise a root in a brothel   

how they going to ban coin

They can not ban Bitcoin completly, but they can punish anyone using Bitcoin there if caught. Plus merchant will not use Bitcoin there obviously if the law will really prohibit Bitcoin usage.

they obviously own coin so banning it would be quite dangerous if i traced an ip back to the kremlin

[Hellacopter]

I think even if the governments try to "ban" or interdict the Bitcoin use it's not successful because everyone ca&n use the internet connection can indeed using Bitcoin through desktop or Mobile so it's like they play when they talk about "ban Bitcoin"

[Bitcoinpro]

I think even if the governments try to "ban" or interdict the Bitcoin use it's not successful because everyone ca&n use the internet connection can indeed using Bitcoin through desktop or Mobile so it's like they play when they talk about "ban Bitcoin"

its government trolling at it finest thats why some r chosing not to bother with it

[BitAddict]

In Russia almost any other kind of money not being the Rubble is banned, so this is not a surprise.

[USB-S]

I think even if the governments try to "ban" or interdict the Bitcoin use it's not successful because everyone ca&n use the internet connection can indeed using Bitcoin through desktop or Mobile so it's like they play when they talk about "ban Bitcoin"

the government probably will blocking site that bitcoin related and will giving punishment to people who using bitcoin,but nothing to be worried if they have some vpn or rdp to play with bitcoin

The great firewall of china is not really working. People are way too smart and will find workarounds for these types of things. In the cold war era russian government banned usd as well, that created a black market for usd which led to the price of it raising. Same will happen with bitcoins. People become curious to why it's banned and will investigate. All in all they can't really arrest you for having a qr-code in your wallet.

[megatron1337]

Banning bitcoin for what?  Since when does a government not let the people choose what they want to do?

[nejibens]

In Russia almost any other kind of money not being the Rubble is banned, so this is not a surprise.

Lol, that's true, it's not surprise that they banned Bitcoin then, everything, excluding the Ruble currency, is banned there.

[johnyj]

He wanted to ban exchange/conversion of bitcoin into and out of Ruble, but then bitcoin can be used directly in trading without even touch the current financial system, an even worse nightmare for authorities, they will totally lose the trace of it