A 7-Yr Prison Term for Bitcoin Use, Says Russian Finance Ministry

[vodaljepa]

Sucks to be Russian

[ahpku]

Prisons can't handles the volume of bitcoins.

3 incarcerations tx per sec sustained max.

[franky1]

Franky, not sure why you rage so much about my Russian. I was born & brought up in Russia. Most people born in Russia learn Russian, doesn't even require smarts.
When same people move to US, they learn English.
As far as being emotional? Not really. Somewhat concerned that someone might be stupid enough to take you seriously & end up getting secsed up da butt in some gulag.
I concede tho, that's pretty unlikely.
Because who takes you seriously, amirite?

P.S. Why are all the Bitcoin news outlets trolling us like that? Have they all been compromised?
They got IR lock on us, Franky! Soon there'll be no place for us Bitcoiners to hide

you say you are russian but you are only quoting english wrote media.

even the video from last month you failed to transcribe. instead you conceded to blindly follow the chinese whispers(a game where one person tells another until its so mis-interpretted that everyone laughs) of non-mainstream media.. because guess what. coindesk is not mainstream they are clickbait websites. trying to find stories that are not explaining the truth
"russia wants to increase punishment for unregistered money exchangers exchanging prepaid debit cards, fiat and bitcoin"
but twisting it into a paraphrase of "bitcoin=Russian jail"

so sorry but when you read something in the news. find the source. then go to the source. read the source. and if that source is paraphrasing another source, then go to that deeper source too.. and if the originating source is a legal document or something thats authentic, great.
but if its "someone from within".. basically no proof of who or context. then not great.

try it. you may enjoy finding out real information for once.

[RodeoX]

Can we hear from someone who is operating a legal bitcoin business in Russia? Can someone who has a money transmitter license inform us. I'm confused because I have never heard of Russia having such a licenses, like in the U.S. Not that I would know.

I also see no exception in the writings of this document. It specifically says that using bitcoin is a crime. I'm also unclear as to what this document is. A proposal, an advisory note, a bill to be voted on? What is it?

[ahpku]

Franky, not sure why you rage so much about my Russian. I was born & brought up in Russia. Most people born in Russia learn Russian, doesn't even require smarts.
When same people move to US, they learn English.
As far as being emotional? Not really. Somewhat concerned that someone might be stupid enough to take you seriously & end up getting secsed up da butt in some gulag.
I concede tho, that's pretty unlikely.
Because who takes you seriously, amirite?

P.S. Why are all the Bitcoin news outlets trolling us like that? Have they all been compromised?
They got IR lock on us, Franky! Soon there'll be no place for us Bitcoiners to hide

you say you are russian but you are only quoting english wrote media.

even the video from last month you failed to transcribe. instead you conceded to blindly follow the chinese whispers(a game where one person tells another until its so mis-interpretted that everyone laughs) of non-mainstream media.. because guess what. coindesk is not mainstream they are clickbait websites. trying to find stories that are not explaining the truth
"russia wants to increase punishment for unregistered money exchangers exchanging prepaid debit, fiat and bitcoin"
but twisting it into a paraphrase of "bitcoin=russian jail"

so sorry but when you read something in the news. find the source. then go to the source. read the source. and if that source is paraphrasing another source, then go to that deeper source too.. and if the originating source is a legal document or something thats authentic, great.
but if its "someone from within".. basically no proof of who or context. then not great.

try it. you may enjoy finding out real information for once.

I offered to transcribe the entire video for you -- you refused to pay for my time.
Since I'm a generous guy, and you're likely poor, I offer you an alternative: Pick any 20-second segment of that video, and I'll transcribe it.
When I do, you have to change your forum signature (the blurb that appears under your posts) to "Please disregard; I suck cocks." In red, bold font. For 1 month.
If I fail, I'll do the same.
Deal?

@RodeoX: This thread is about http://www.coindesk.com/report-russia-to-propose-7-year-prison-sentences-for-digital-currency-issuers/
The linked thread is about http://www.coindesk.com/receiving-bitcoin-payments-is-a-crime-says-russian-presidential-advisor/
Franky1 is trying to save face by quoting the proposal which "The Russian Finance Ministry has reportedly tightened."

[Daimon88]

Excessive and very much against common sense, so just because someone owns bitcoin that are not used in any illegal activity this is enough to send them to jail? they seem afraid of there currency showing it's true value.

[franky1]

I offered to transcribe the entire video for you -- you refused to pay for my time.

i already trascribed it and although i got many bitcoins you are not worth a satoshi because you failed to transcribe it, or even read russian documents from source for your own personal understanding, let alone to tell other people about.

maybe if you for once read something properly for your own understanding. and then replied with a proper understanding then you could sell your (lack) of translation skills to a website that wants to be internationally readable.(theres plenty of them)

but i guess you are going to keep on taking the non-mainstream media as your only source. goodluck with that

[offlinedragon]

Ridiculous, Such a huge penalty for something that is in no way a crime or affecting other people. even if you are the government limiting people's rights this much is not ethical

[franky1]

Can we hear from someone who is operating a legal bitcoin business in Russia? Can someone who has a money transmitter license inform us. I'm confused because I have never heard of Russia having such a licenses, like in the U.S. Not that I would know.

I also see no exception in the writings of this document. It specifically says that using bitcoin is a crime. I'm also unclear as to what this document is. A proposal, an advisory note, a bill to be voted on? What is it?

what you are reading is obviously the non-mainstream media. might be worth a look on Duma or minfin (russia's official financial sites).. like i did

ofcourse russia has money transmitter licences. do you really think moneygram, westernunion dont have to follow russian rules when trading in russia?

the equivalent to the american SEC is the russian OБЭП  (DAEC) economic crime department. who inspect businesses, check their books and other such things similar to SEC, especially if there has been a complaint abut fraud or scams.

[Zeke2345]

Its really hard to get a grip on Russian Politics as a outsider and how the laws are really enforced.
But I woke up to this on the news and thought Putin is planning for his exit soon.

http://www.cnn.com/2016/03/10/europe/russia-mikhail-lesin-death/

[ahpku]

I offered to transcribe the entire video for you -- you refused to pay for my time.

i already trascribed it

The bet is not about you having it transcribed. You, possibly due to struggling with your own native tongue, somehow got it into your head that I don't know Russian.
Here's your chance to prove me a liar.
Surprised you don't take me up on it
Could it b ur... ?

but i guess you are going to keep on taking the non-mainstream media as your only source. goodluck with that

Lol, don't you know mainstream media is too busy sucking bankster cock to report The Truth about Bitcoin?

[Arcteryx]

That is just crazy of Russia to impose this charge to any of their citizens for using an instrument of the future.
Are we sure communism is dead?

[RodeoX]

Thanks for the responses guys.
Could it be that the confusion is not only with us but also with Russia? Perhaps they are in the "WTF is this?" phase and officials are sending mixed messages as they try to figure it out. I know early on some U.S. officials were saying bitcoin is illegal based on their poorly informed ideas about it. It would be sad if we saw actual arrests or fines for using bitcoin in a legal way.

[franky1]

Thanks for the responses guys.
Could it be that the confusion is not only with us but also with Russia? Perhaps they are in the "WTF is this?" phase and officials are sending mixed messages as they try to figure it out.

possibly. but thats why i read the source. i hate the chinese whisper game of media's clickbaiting copy and paste jobs that never independently verify it

I know early on some U.S. officials were saying bitcoin is illegal based on their poorly informed ideas about it. It would be sad if we saw actual arrests or fines for using bitcoin in a legal way.

but its the same reality for america and england. if your going to do regular wire transfers that go in excess of the limits of law. expect to get investigated, and if you admit to doing it as a money business, expect to get your wrist slapped.(financially)

if your a medium size business expect to get a slap on the wrist and a kick up the ass.(financially)
and if your a large corporation. then expect pain(financially) or expect to be treated like a money launderer and face jailtime

[Windpower]

Wow that is pretty harsh. I guess the Russian government really hates Bitcoin, and a lot of people probably now hate the Russian government for doing this. They really had no reason to do it.

[SuperCoinGuy]

The Russians always take precautions against novel things I think their government will think this over and drop this preposterous proposition soon.

[nostal02]

Thats what you get if you live in a communist country i think korea and china is next to do a law like that as they are allied countries.
Businessmen who are involve in bitcoin are better be careful they might end up in jail.

[Amadues]

Pretty cool country if you like alcoholism, AIDS, and no Bitcoin.

Meanwhile you forget doping problems and a pretty young neonazism.
Well Btc is one of the last problem!

[n0ne]

Looking the growth of bitcoin, Russia might have thought that it would make economic collapse to their nation. Just as a part they might be having such severe punishments. Soon realize the reality and withdraw the statements on punishing bitcoin users.

[Amph]

it's not even feasible, if you think about it

what if one day russia citizen begin to use bitccoin en mass, they will end up all arrested? don't make me laugh

it's like arresting everyone because he/she is using his/her computer