Russia banning BTC?

[Sukut]

Russia will block access to websites of exchanges that offer cryptocurrencies such as Bitcoin? lol. They were putting a lots of money into bitcoin miners and bitcoin ATMs. and now they are looking to restrict of using it just because they want to protect their citizens from Bitcoins volatility? I doubt if this news is real or just another price manipulation by the author of this article.

Well if there is no such ban, sooner or later it will be clear. The website will lose reputation, and as some people said here it doesn't have a high reputation anyway. They cannot reach that many people to manipulate the market.

[Rickychau]

As soon as we reach $ 5000 there is a ban somewhere!

Strong agree, almost there!

[spngebob]

Just saw this article

https://www.cryptocoinsnews.com/breaking-russia-will-block-bitcoin-exchange-websites-says-central-bank-official/

Damn bankers again! If it's not China then it is America, if not America then it is Russia. Sometimes it looks like they are all spinning the same story over and over again.
I think they are trying to shake market and buy some cheap bitcoins. Who knows what is behind this whole thing.
Thanks god I am living i Europe and not Russia  

[erickkyut]

Is this just a speculation or legit? I hope it is just a speculation because it is a sad news. If it is legit, I know that it's just for a meantime and Bitcoin will recover from it very fast. Also, I know that Russia is one of the most avid supporter of Bitcoin. That's why I was surprised about this news. Nevertheless, Bitcoin there are lots of Russian people supports Bitcoin even though Russian government will ban it.

[Betwrong]

Just saw this article

https://www.cryptocoinsnews.com/breaking-russia-will-block-bitcoin-exchange-websites-says-central-bank-official/

I'm sure this won't happen. They rather fire the first deputy governor of the Central Bank of Russia for making such stupid statements.

I like this comment to the article because it reflects how some people from the Russian government want to act:

let me translate: "We think that for our citizens, for businesses the usage of such cryptocurrencies as an investment object carries unreasonably high risks" =Cryptocurrency poses as a threat to centralized Banking system which the Gov controls. The Gov has no control over cryptocurrency so we won't allow you to have it
“only qualified investors to buy and sell" = We'll only allow the rich elite to trade cryptocurrency and to get richer and richer

But I doubt they can do it in the modern reality.

[TK14]

maybe legit, but this cannot dump bitcoin, china's ban was stronger than this but still couldn't dump bitcoin

[xIIImaL]

Just saw this article

https://www.cryptocoinsnews.com/breaking-russia-will-block-bitcoin-exchange-websites-says-central-bank-official/

It does not mean that Russia banned bitcoin. They just blocked the bitcoin exchange websites under the Russian domains. Aside they blocks the trading sites and the next part the they started mining farm with the huge investment. We don't how to take this. As anton said, Cryptos are not threat to the citizens. It is useful for the citizens actually.

[CaesarCipher]

I'm sure we'll see plenty of these "ban" news articles.

The fact is that blockchain technology can't be ignored. No country is going to want to miss the boat.

[bitbunnny]

I don't believe Russia will decide to do something like that. There were some similar intentions before but I think that Russia has changed the attitude and realised ban is not in her best interest.
So there is no reason to fear the China scenario although we have witnessed so far that even false or unconfirmed information could affect the Bitcoin price.

[Ranly123]

Just saw this article

https://www.cryptocoinsnews.com/breaking-russia-will-block-bitcoin-exchange-websites-says-central-bank-official/

Hopefuly not true, maybe there is downfall but not totaly ban btc there. That would be a huge drop on btc if that happens. Since russia is also one of the biggest contributor on bitcoin industry, and many people is investing bitcoin there.

[kriticko29]

I it's just an article as long as Russia doesn't ban it truly then we don't have to worry about it. Since before china banned bitcoin they already made many articles about it and it took them years before that actually happen.

[Red-Apple]

why choose that subject for this topic? do you see anywhere saying Russia banned or is going to ban "bitcoin"? if you saw then show me too because i didn't see it anywhere. all the article says is they may ban bitcoin exchanges and this is the follow up to what they previously said about ICOs and the warning that they gave!

[majonero]

maybe here:

https://www.reuters.com/article/us-russia-cenbank-bitcoin/russian-central-bank-to-ban-websites-offering-crypto-currencies-idUSKBN1CF0RF

why choose that subject for this topic? do you see anywhere saying Russia banned or is going to ban "bitcoin"? if you saw then show me too because i didn't see it anywhere. all the article says is they may ban bitcoin exchanges and this is the follow up to what they previously said about ICOs and the warning that they gave!

[A1exander]

No, BTC ban is extremely unlikely now. As far as I remember, latest ideas were to allow only regulated financial institutions to exchange bitcoin to fiat and back (and ban non-regulated exchanges) and make miners to pay taxes.

[xtrump101]

Just saw this article

https://www.cryptocoinsnews.com/breaking-russia-will-block-bitcoin-exchange-websites-says-central-bank-official/

Nah after what china did the community are much more prepared now, it wont affect the price anymore, instead i am seeing possible pump of DEX base exchange coin such as waves, bitshares, komodo, blocknet etc. There fud will be never be a kind of fud anymore they need to upgrade to the next level of fud hahahah

[DoublerHunter]

I don't see any valid reason for the russian country to ban bitcoin because for the past few months, a talk about ethereum happened in russia and that can be a way for the leader of russia to understand the concept of bitcoin or other cryptocurrency so i think it is impossible for the russians to just ban bitcoin without even doing a test on it first.

[Almat]

Weren't they planning on crafting legislation for cryptocurrencies? What's with the sudden ban on exchanges? I don't think this is likely to happen.

[grermezter]

Just saw this article

https://www.cryptocoinsnews.com/breaking-russia-will-block-bitcoin-exchange-websites-says-central-bank-official/

It seems the Russians are going to follow the Chinese lead and ban all cryptocurrency exchanges and am sure that like the Chinese, they are going to license them in the near future and regulate the whole thing so that they can get some money from taxing all those exchanges.

[datodota002]

Just saw this article

https://www.cryptocoinsnews.com/breaking-russia-will-block-bitcoin-exchange-websites-says-central-bank-official/

after malaysia and then now russia, this happen because they are aware of the power of bitcoin the power of untraceable. thats the true power of bitcoin

[junoreactor]

Sad to see that so many countries are against bitcoins. Its probably because governments cant control as much as real money and earn less from taxes.

That was my fear when I bought Btc, still optimistic about it but I hate this kind of news.