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Author Topic: The Russian Bitcoin Ban Plan is on Indefinite Hold  (Read 203 times)
Chronobank
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October 12, 2016, 08:31:20 PM
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The Deputy Finance Minister of the Russian Federation has now stated that the spread of bitcoin in Russia does not represent a threat the country’s financial ecosystem, at its current rate of adoption. As such, the plan to ban the cryptocurrency is now paused.

Alexei Moiseev, the Deputy Finance Minister who has primarily spearheaded the Russian Finance Ministry’s intent to ban bitcoin beginning two years ago in 2014, has now stated that the cryptocurrency isn’t a threat to Russia’s financial system.

At the time, Moiseev deemed bitcoin and cryptocurrencies as “surrogate currencies” – a narrative that has stuck to this day – while stating that the law to ban bitcoin will be passed in 2014, or 2015, at the latest. Such a law has not come to pass.

In recent comments reported by SputnikNews, Moiseev stated:

"All of this [bitcoin] does not pose much of a danger to the public, as it has not taken on a mass character that could pose a threat to our financial system right now."

He then added:

"In the future, it could possibly emerge given that it is not regulated."

The comments directly contradict those of Alexander Bastrykin, chairman of Russia’s Investigative Committee who has previously stated that bitcoin represents “a real threat to the financial stability” of Russia. The official then opined that the spread of bitcoin or money “surrogates” should be curbed.

https://www.cryptocoinsnews.com/the-russian-bitcoin-ban-is-on-indefinite-hold/

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October 23, 2016, 04:09:17 PM
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Russian government has finally realized that you can earn Bitcoins. The draft law banning cryptocurrency already contains criminal responsibility for its use. The next step - cryptocurrency support at the government level

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snipie
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October 23, 2016, 04:16:40 PM
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Russian government has finally realized that you can earn Bitcoins. The draft law banning cryptocurrency already contains criminal responsibility for its use. The next step - cryptocurrency support at the government level

No,  it is totally the opposite from what I understand here
It said that they will pause the ban since bitcoin doesn't represent a threat right now but later they may revise the situation and ban it.
Of course the government may change also its opinion and adopt it which we all wish  Wink

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October 23, 2016, 06:09:47 PM
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Russian government has finally realized that you can earn Bitcoins. The draft law banning cryptocurrency already contains criminal responsibility for its use. The next step - cryptocurrency support at the government level

No,  it is totally the opposite from what I understand here
It said that they will pause the ban since bitcoin doesn't represent a threat right now but later they may revise the situation and ban it.
Of course the government may change also its opinion and adopt it which we all wish  Wink

The government always has something to hide. Today, they say one thing and tomorrow something else. Currently cryptocurrency not banned in Russia. And what they decide to do with this phenomenon on - no one knows
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