Russia banning BTC?

[coinblaster99]

Russia has said before that it would like to regulate the use of cryptocurrencies by Russian citizens and companies.
This move seems to be in line with the idea of government control over Bitcoin. The blocking of citizens from using Bitcoin exchanges puts all the control over citizens and their digital currencies in the hands of the government.

[novhitadaloma]

Whether other countries will also ban bitcoin, like china and russia.

[alva 666]

if you take some time will find government ban exchange not bitcoin

all this ban to reduce price


after china bitcoin give kick for all countries and keep rising to 5000$

[johnwest]

I think its a little misinterpretation. The finance minister said that they will want to discuss the idea of regularizing Bitcoin or other cryptocurrencies rather than completely banning it. I dont think they will do anything to ban bitcoin completely.

[djablom]

I don't know why they are doing that about 3 to 4 weeks ago china also banned bitcoin and the price of bitcoin went down but after a couple of weeks it went up again to the same price.

[maku]

1. Russian officials have no idea what they are doing, or what they really need.
2. They won't be able to enforce any kind of cryptocurrency ban, either usage ban or trading ban would be only dead law.
3. Russia banned bitcoin before, and if I remember correctly this only caused Bitcoin to be more popular in Russia.
4. Russian citizens will do whatever they want despite official regulations or plain BTC ban, people in Russian have a long history of fighting against the system after all.

[Mozdalifa17]

Bitcoin already tried China ban recently in previous weeks and not succeeded so Russia ban will do nothing to bitcoin markets now prices speaks loudly before coming fork.

[AntonAnton]

Does Russia prohibit bitcoin? In my opinion, no. Yesterday, Russian President Putin did not say very well about the bitcoins saying that they also financed terrorism, but there was no question of prohibiting bitcoin. So to say that Russia prohibits bitcoin prematurely.

[J. Cooper]

1. Russian officials have no idea what they are doing, or what they really need.
2. They won't be able to enforce any kind of cryptocurrency ban, either usage ban or trading ban would be only dead law.
3. Russia banned bitcoin before, and if I remember correctly this only caused Bitcoin to be more popular in Russia.
4. Russian citizens will do whatever they want despite official regulations or plain BTC ban, people in Russian have a long history of fighting against the system after all.

Yea that's probably accurate. They probably don't know what it is or how to regulate it so they just ban it. It's only more exposure for bitcoin in Russia and people will be naturally more curious. If they ban it or not the free market is always going to find it's way beyond a ban. I also have doubts on how they will enforce this kind of ban. Shutting down exchanges would be a step but you can't stop on-chain exchanges like Ether Delta for example.

[daserpent]

I don't understand how Russia can ban bitcoin when recrntly they raised $100M to fund he largest bitcoin mining farm in Russia! Something seems off.

And if this news was true, we should have seen a big sell off in the price of bitcoin but there was hardly a dent.

[freebutcaged]

They were talking shitless about adopting cryptocurrencies, they said their biggest online market is going to accept Bitcoin, Putin was talking about the

Future of money, suddenly what happened to change his mind? I bet Vitalik whispered in to his ears to push his own blockchain on top, this almost

Smells like Putin is following China in manipulation games?

[ekoice]

Next to china,another communist country russia has taken the same stand against bitcoin.Putin has termed bitcoin as a pyramid scheme.He has to find some reason to blame bitcoin for money laundering,illegal activities.Russia has never been friendly towards bitcoin from the beginning itself.

Very soon,we could expect the central bank of russia to ban all bitcoin exchanges in the country.I think that russia has decided to take actions against bitcoin very soon after china and south korea have taken the action.I think that these countries believe that combined and continuous action against bitcoin would hault its progress.

.But,despite china and russia's actions,bitcoin price is marching towards $5,000.Bitcoin is turning to be the unstoppable force.

[cotton ball]

I think this is a form of conspiracy, so far Russia has not banned ethereum, and only always makes news of controversy about bitcoin, they also continue to interrogate burger king as owner of whoppercoin. They realize that bitcoins can not be fully controlled and they want crypto currencies that can be fully intervened.

[saiteja01]

They are not going to ban but Russian authorities said earlier this year they would like to regulate the use of crypto-currencies by Russian citizens and companies.

[ipanks]

i don't think that russia really wants to ban bitcoin because with so many ico is release and i see most of the ico are from rusia, maybe it will makes the dev from russia will send a letter to their government and they need to be explained about what is going on. i think there will be more bad news is out after bitcoin reach the highest price because they want to buy bitcoin too like other people so they will use every way that they can to block bitcoin to not high.

[josephpogi]

Just saw this article

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

Based on my research and i see in facebook information that russia is not banning the bitcoin? So we dont need to panic if china banned the bitcoin and also russia? I know that bitcoin is strong and i believe to bitcoin , becuase many people investing here so keep earning. 

[zander09]

Just saw this article

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

Based on my research and i see in facebook information that russia is not banning the bitcoin? So we dont need to panic if china banned the bitcoin and also russia? I know that bitcoin is strong and i believe to bitcoin , becuase many people investing here so keep earning. 

I just wonder why bitcoin is banned in China and now to Russia? we know how bitcoin can help us and especially the country's economy so why do they do it. ?

[zeingrind777]

will this have a major impact on the current bitcoin price? or is it only a small impact?

[kenkoy]

Just saw this article

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

It is as expected. Based on the article, it was initiated by the Central bank.and you know, business is business. They want to protect the legacy of bank's business. Bitcoin's popularity has become a global trend. and Many investors are allocating now their investments into Cryptocurrency.

Maybe this is legit or not. Or some FUD to affect the BTC value. However, i belive this will not affect the Bitcoins stability on a large scale.

[JeffBrad12]

Bitcoin already tried China ban recently in previous weeks and not succeeded so Russia ban will do nothing to bitcoin markets now prices speaks loudly before coming fork.

Bitcoin has becoming more resistance again government regulation, the whole cryptocurrency world is changing, and this ban, I must say, will not going to affect the price that much. maybe few people will get panic but not for the majority. Russia itself, with their nonsense action, just trying to make their citizens get away from bitcoin, buy hey, there's so many place out there other than russia that's worth for living.