From Russia with love

[esse83]

http://www.bu.edu/bucflp/files/2012/01/Federal-Law-No.-86-FZ-of-2002-on-the-Central-Bank-of-the-Russian-Federation.pdf

Chapter VI. Cash Management
Article 27. The ruble shall be the official monetary unit (currency) of the
Russian Federation. It shall be equal to 100 kopecks.
The issue of any other monetary units or quasi-money shall be prohibited in
the Russian Federation.

http://www.genproc.gov.ru/smi/news/genproc/news-86432/

Certain distribution received anonymous payment systems and kriptovalyuty, including the most famous of them - Bitcoin are money substitutes and can not be used by individuals and legal entities.

http://itar-tass.com/ekonomika/943641

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[Holliday]

I think these quasi-laws should be ignored.

[mightycount]

A buddy of mine once said that in Russia, the strictness of the law is compensated by the lack of its enforcement

[prophetx]

bitcoins were "issued" in Russia?  lmao i dont think so...

[prophetx]

but frankly it doesn't matter a friend of mine did spend about 9 months in a gulag prison until Colin Powell had to go meet Putin to get in out...

the prosecutors claimed he had hundreds of  kilos of marijuana in his apartment but only produced 1 bud as evidence...

you think stuff in the USA is bad... heh it is unreal over there... the stuff they have been getting away with for centuries...

[cyrpi4]

A buddy of mine once said that in Russia, the strictness of the law is compensated by the lack of its enforcement

Your buddy was probably quoting a Russian writer who lived in 19th century.

It was the same guy who said "should I go to sleep and wake up after 100 years, if they asked me what was going on in Russia, I'd tell them - "they drink and they steal".

[Kluge]

bitcoins were "issued" in Russia?  lmao i dont think so...

This obviously has no relevance to exchanges or merchants, but it may have implications for miners and full-node operators depending on how much they stretch the definition of "issue." I'd guess running a full node could be considered facilitating a felony (or Russian equiv.). Facilitating the issuance of Bitcoin, or receiving bitcoins issued.... Well, I guess they could probably stretch that to include everyone if they wanted (directly or indirectly increasing the market value of bitcoin, thereby indirectly making the facilitation of currency issuance more lucrative). Gosh - just imagine if a Russian merchant KNEW accepting Bitcoin would make the "facilitation of issuance" more lucrative... that's gotta be execution-worthy.

Pre-9/11 in the US, we used to call definition-stretching "legislating from the bench." We now call it "indirect pre-emptive terrorism inhibition." That could mean anything, of course....