Bitcoin Forum
June 17, 2019, 11:54:16 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 2014-01-27 Russia Backs Bitcoin Curbs as Central Bank Snubs Sberbank Plan  (Read 909 times)
notthematrix
Legendary
*
Offline Offline

Activity: 963
Merit: 1000


The All-in-One Cryptocurrency Exchange


View Profile
January 27, 2014, 10:27:21 PM
Last edit: January 28, 2014, 12:21:32 AM by notthematrix
 #1

Looks like a warning , the ban was there since communism , the dollar was also banned sice WW2 and we all know what happend Smiley
blaackmarket , $  will be blackmarket bitcoin.....

http://www.bloomberg.com/news/2014-01-27/russia-backs-bitcoin-curbs-as-central-bank-snubs-sberbank-plan.html

Bitcoin deals in Russia may fall afoul of anti-terrorism laws, the central bank warned after virtual currencies were championed last week by the head of state-controlled OAO Sberbank.

Transactions such as purchasing rubles or goods and services with virtual currencies may be treated as “dubious” operations under laws against money laundering and financial terrorism, the central bank said today in a website statement.

Bitcoin, a five-year-old protocol for issuing and moving money across the Internet, plunged at the end of last year as China’s largest online market stopped accepting deposits and authorities from India to Scandinavia sought to impose restrictions. Venture capitalists see promise in the digital money as an alternative to the global payment system dominated by companies including Visa, Western Union Co. (WU) and large banks.

At best, users face a high risk that virtual money will lose value, the central bank said. At worst, they “may become involved, including unintentionally, in illegal activity such as the legalization (money laundering) of criminal gains and financing terrorism.”

Issuing “money surrogates” is illegal in Russia, the regulator said.

Sberbank Chief Executive Officer Herman Gref, who was economy minister during President Vladimir Putin’s first two terms in office, said last week that he’d urged the Kremlin, Bank Rossii and the Finance Ministry to stop lawmakers from barring cryptocurrencies. Elvira Nabiullina, the central bank’s governor, was Gref’s deputy at the economy ministry.
‘Step Backward’

“It’s a very interesting global experiment that breaks the paradigm of currency issuance,” Gref said in an interview at the World Economic Forum in Davos, Switzerland, last week. A ban would be a “colossal step backward.”

Gref had said in December that Russia’s biggest lender may form its own virtual currency based on its online payment service, Yandex.Money.

Bitcoin was introduced in 2008 by a programmer, or group of programmers, known as Satoshi Nakamoto. There are 21 million possible Bitcoins that can be mined by a peer-to-peer network harnessing computers to complete complicated mathematical calculations. The price of Bitcoins soared in November, topping $1,000 for the first time, as speculators anticipated broader use of digital money. It dropped at the end of the year as nations started taking an official stance against its use.

To contact the reporters on this story: Jason Corcoran in Moscow at jcorcoran13@bloomberg.net; Vladimir Kuznetsov in Moscow at vkuznetsov2@bloomberg.net

██████
███
███
███
███
███
███
███
███
███
███
███
███
                ▄███
              ▄███▌ █
             ▀▀▀██▄  █
           ▄███▄▄ ▀▀▀█
          █ █████▀▀▀▄▄
         ▄██ ███▄    █
        ▐███▀   ▀█   █
        ████     █   █
       ▄██▀▄█▄▄▄█▀   █
       ▀▄▄███▌      █
   ▄▄▄▀▀▀████       █
 ▄▀    ██ ██       █
▐▌     ██▌▐▌      ▀▄
█      ██ █         ▀▄
█      █▀▄▌          █
█   ▄▀█▄██           █
█ ▄▀      ▀▀▄▄▀▄     █
▀▀             █    █
               █  ▄▀
               ▀▄█
     ▀█████████████▄▄
  ▀ ▀▀▀███████████████▌
   ▀ ▀▀▀▀██▀▀▀▀▀▀██████         ▄███████▄      ▄▄███████▄    ▄███▄    ▄███▄ ▄███▄      ▄███▄
▀ ▀▀▀▀█████▄▄▄▄▄▄█████▌       ▄████▀▀▀████▄   ▐████▀▀█████   ▀████▄  ▄████▀ █████▄    ▄█████
    ▀▀███████████████▀       █████     ████▌          ████▌    ▀████████▀    █████▄  ▄█████▌
   ▀ ▀████████████████▀ ▀    ██████████████▌   ▄▄██████████     ▄██████▄      █████▄▄█████▌
     ██████      ██▀▀▀▀▀▀▀ ▀ █████▀▀▀▀▀▀▀▀    █████▀▀▀█████    ▄████████▄      ██████████▌
     ██████▄▄▄▄▄▄██████▄ ▄    ████▄▄   ▄▄█▄   ████▄  ▄█████  ▄█████▀▀█████▄     ████████▌
     █████████████████▀        ▀███████████   ▀████████████  ████▀    ▀████      ██████▌
     ██████████████▀▀             ▀▀▀▀▀▀▀       ▀▀▀▀▀▀ ▀▀▀    ▀▀        ▀▀        █████
                                                                                ▄█████
                                                                            ▄███████▀
                                                                            ▀████▀▀
███
███
███
███
███
███
███
███
███
███
███
███
██████
|█████████████████
███████████████████
█████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
  WHITEPAPER 
  LIGHTPAPER...
|Instant Deposit
✓ 24/7 Support
Referral Program
1560772456
Hero Member
*
Offline Offline

Posts: 1560772456

View Profile Personal Message (Offline)

Ignore
1560772456
Reply with quote  #2

1560772456
Report to moderator
1560772456
Hero Member
*
Offline Offline

Posts: 1560772456

View Profile Personal Message (Offline)

Ignore
1560772456
Reply with quote  #2

1560772456
Report to moderator
1560772456
Hero Member
*
Offline Offline

Posts: 1560772456

View Profile Personal Message (Offline)

Ignore
1560772456
Reply with quote  #2

1560772456
Report to moderator
Try The Brand New Ethereum Game
50 Last Players Also Win The Bank
Works On Any iOS/Android Device With Standard Browser
Join Us On Telegram To Get Notified When You Can Win
COLOR PIXELS
AND WIN
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1560772456
Hero Member
*
Offline Offline

Posts: 1560772456

View Profile Personal Message (Offline)

Ignore
1560772456
Reply with quote  #2

1560772456
Report to moderator
oakpacific
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


View Profile
January 28, 2014, 02:16:03 AM
 #2

After pondering it over, I decide it may have something to do with the Sochi Olympics. Roll Eyes

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
bryant.coleman
Legendary
*
Offline Offline

Activity: 2114
Merit: 1018


View Profile
January 28, 2014, 08:17:54 AM
 #3

Currently BTC-E allows BTC withdrawals in RUR to Sberbank and other bank accounts in Russia and Ukraine. If the central bank bans that, the Bitcoin users will be in trouble there.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!