Russia: Accepting Bitcoin Payments in Russia is a Crime?

[LiteCoinGuy]

but nobody gives a shit about it:

[owm123]

What would stop other countries to do same, i.e., making bitcoin and other coins illegal, except those run on private blockchains of banks or some government organizations?

[DimensionZ]

If the government agencies don't start busting down doors or handcuffing people I don't think the Russians will care much about that rule. Of course the gov could employ a scare tactic by convicting a couple of victims this should put off most of the others from using it.

[franky1]

firstly the bill is a draft.
secondly its about issuing any form of money without registering as a money business.
thirdly its not criminal (prison) its civil (fine)

citizens accepting funds for own use wont get fined.

but if found exchanging it multiple times(as a private broker/dealer) without being registered will be fined $250-$500 plus said bitcoins linked to the private broker confiscated.

small businesses accepting funds for own use wont get fined. but if found exchanging it in their small business will be fined $650-$900 plus said bitcoins linked to the small business confiscated.

large businesses.. blah blah.. $1000-$1300 fine plus coins confiscated

best analogy i can compare it to..
drugs
if your just buying it for personal use and only caught once. nothing will happen. but if your an unlicenced medication dispenser(dealer).. expect a fine.

[Daniel91]

I don't understand a few thing here.
Why accepting of BTC payments are crime in Russia?
How Russians plan to control bitcoin payments?
I'm not sure if they really have idea what is bitcoin and that it's impossible to block Bitcoin, unless they decide to stop Internet in Russia.
They already have a lot financial difficulties so it will be better to use bitcoin as secondary currency and through this they will receive a lot benefits for their own economy.

[franky1]

I don't understand a few thing here.
Why accepting of BTC payments are crime in Russia?
How Russians plan to control bitcoin payments?
I'm not sure if they really have idea what is bitcoin and that it's impossible to block Bitcoin, unless they decide to stop Internet in Russia.
They already have a lot financial difficulties so it will be better to use bitcoin as secondary currency and through this they will receive a lot benefits for their own economy.

its not a crime as in prison.. its civil.. like parking tickets

[BruceLee007]

in my opinion its not a crime to accept bitcoins, its just a currency, why would anyone ban it? i guess thats just governments doing this as they dont want bitcoins

[Master_dandosha]

Years ago i know all the countries have the VETO in security UN  (Power leader) will try hard to fight bitcoin also you can include USA,China .
Do you know why dear ?
Because with bitcoin no one even those country control your money .
Thanks

[Amph]

I don't understand a few thing here.
Why accepting of BTC payments are crime in Russia?
How Russians plan to control bitcoin payments?
I'm not sure if they really have idea what is bitcoin and that it's impossible to block Bitcoin, unless they decide to stop Internet in Russia.
They already have a lot financial difficulties so it will be better to use bitcoin as secondary currency and through this they will receive a lot benefits for their own economy.

its not a crime as in prison.. its civil.. like parking tickets

so at best you can get a money sanction?

i'm curious about the amount they will charge you to use bitcoin, i just think this is a big excuse just to tax it more easily...

[DimensionZ]

What will happen to Localbitcoins in Russia now? Are the trades considered money for personal use or for profit and thus needing a license to trade in the first place?

[blunderer]

this one is just like when government forbid torrenting activities or pirating any files, no one give a shit and this one can be easily bypassed, accepting bitcoin in real world in russia is indeed risky but in the internet everything could be happening

Nah, it's more like your government banning child porn. Yeah, it's all digital, you can trade it, but get popped? Suddenly, ur bein' Serezjenka's biatch in some God-forsaken Siberian gulag, when you two lovebirds aren't digging rotten potatoes out of frozen mud, that is.

[jacktheking]

Russia should really consider taking away the ban of Bitcoin. Well, one more thing you can add to the original post is that ... according to Alexa, Bitcointalk.org is mostly visited by bot people in - Russia 13.4% of visitors. Bitcointalk.org have a Alexa rank of #3348 in Alexa RU. :p.

[franky1]

14 posts on and its likes 10 people havnt even read the true information, and are instead writing opinion based on nothing more than the title..

[Denker]

What would stop other countries to do same, i.e., making bitcoin and other coins illegal, except those run on private blockchains of banks or some government organizations?

And do you really think this will stop the people using it, just because some governments declared it illegal to keep on pushing their fiat scam?!
Have drugs been disappeared although they are illegal almost everywhere around the world?
The honeybadger won't care!!People will still use it.And the more our beloved leaders try to illegalize it the more anonymous and venomous Bitcoin and crypto currencies in general will become.That's a fact!

[ctlaltdefeat]

but nobody gives a shit about it:

what's wrong with russia?is this one of conflict effects?and now i become wondering what will other europe countries goverment will do with bitcoin,if they know about this,is this bad news?

[sakinaka]

this one is just like when government forbid torrenting activities or pirating any files, no one give a shit and this one can be easily bypassed, accepting bitcoin in real world in russia is indeed risky but in the internet everything could be happening

Yes, that's true. Except if they ever decide to put a Great Firewall like in China, they will never be able to censor the Internet.

[ahpku]

What would stop other countries to do same, i.e., making bitcoin and other coins illegal, except those run on private blockchains of banks or some government organizations?

And do you really think this will stop the people using it, just because some governments declared it illegal to keep on pushing their fiat scam?!

No, Bitcoin use won't vanish, only non-criminal Bitcoin users will. And you won't be able to buy regular, legal stuff with BTC. You still will be able to buy drugs and child porn though. Hurray!

Have drugs been disappeared although they are illegal almost everywhere around the world?
The honeybadger won't care!!People will still use it.And the more our beloved leaders try to illegalize it the more anonymous and venomous Bitcoin and crypto currencies in general will become.That's a fact!

Right. Bitcoin for drugs/guns/CP. For everything else, there's MasterCard

[franky1]

i do love it when people read "advisor SUGGESTS exchanging bitcoin is a crime"

the readers think
"touching bitcoin will get you in jail"

where as the truth is
"being an unregistered money business exchanging different forms of money (including bitcoin) will lead to an administrative fine"

[SFR10]

That's true and that has been the case for Russian people AFAIK there are some of which (including a friend of mine there) that do have mining farms and so far nothing has been done actually to either confiscate their mining equipment's or act upon them since they earn BTCitcoin through pool mining and what I think is happening here is that they only want to promote the use of their own money (most of the people in power there) but there are also some who are against this (since Dec,2014 Russia's Ministry of Economic Development has been more of a supporter of BTCitcoin: https://www.rt.com/news/218019-bill-ban-bitcoin-russia/). As much as I love Putin, he seems to know take any action towards his words against banning BTCitcoin (at least until now).

[ahpku]

i do love it when people read "advisor SUGGESTS exchanging bitcoin is a crime"

the readers think
"touching bitcoin will get you in jail"

where as the truth is
"being an unregistered money business exchanging different forms of money (including bitcoin) will lead to an administrative fine"

Franky, has the Bitcoin media conspired against us? Is there *ANYONE LEFT* who's not out to get us?



http://www.coindesk.com/russian-minister-confirms-plans-to-ban-bitcoin-to-fiat-conversions/