Coглacнo cтaтьe 27 Фeдepaльнoгo зaкoнa «O Цeнтpaльнoм бaнкe Poccийcкoй Фeдepaции (Бaнкe Poccии)» выпycк нa тeppитopии Poccийcкoй Фeдepaции дeнeжныx cyppoгaтoв зaпpeщaeтcя.
Can this be interpreted as ban of mining?
The Bank of Russia has warned that Russian legal entities providing services for the exchange of "virtual currency" in rubles and foreign currency, as well as for goods (works, services) will be considered as a potential involvement in the implementation of suspicious transactions in accordance with the legislation on counteraction to legalization (laundering) proceeds of crime and financing of terrorism.
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A warning is not a Ban but its enough to instill some fear
Also the Central Bank is not the government (We had the same type of issue with Thailand)
http://qz.com/110164/thailands-infamous-bitcoin-crackdown-is-not-quite-what-it-seems/The interpretation of the mining sector in the terms of money surrogates is an interesting one
Would say its vague Russia has not explicitly banned mining
Still it would classify as a risky venture for operating centers based in Russia until more information is acquired
That said the rules on Bitcoin exchanges are clear as day
One important caveat to note is that it says issuing alternative currencies is prohibited. The Bank of Russia argued that users might be breaking the law unintentionally because they may aid those who are part of transaction and exchanges services intending to break the law, such as money laundering, financing terrorism or drug dealing.
http://www.pfhub.com/bank-of-russia-says-bitcoin-users-could-be-unintentionally-breaking-the-law-322/One Day Old
Will side comment though
http://www.coindesk.com/russias-largest-bank-backs-bitcoin/Two Days Old
Last week, a set of amendments introduced in the Russian parliament caused a fair amount of FUD (fear, uncertainty and doubt) in the bitcoin community, as it was misinterpreted as potential bitcoin ban. Russian regulators are of course keeping a close eye on digital currencies, as are their counterparts across the world. However, they have not taken any noteworthy action against the proliferation of digital currencies in Russia.
President of the Russian Electronic Money Association Viktor Dostov told Bloomberg that it is still unclear how Russia would regulate digital currencies. He stated that the only point of control would be an exchange centre where bitcoins would be traded for money. However, we are not sure whether Dostov is advocating the creation of a centralised exchange on a national level, or simply referring to independent bitcoin exchanges. It is a case of lost in translation.
In any case, Gref’s statements should go a long way toward reassuring bitcoin investors and enthusiasts in Russia and CIS member states for that matter.
It is also interesting to note that in a recent interview with CNN, Russian Prime Minister Dmitry Medvedev admitted the country’s economy is slowing down, but pointed out that his government is gradually transforming Russia into a knowledge-based economy and introducing 21st century technology into various industries.
Whether or not Russia is ready to embrace 21st century payment systems and alternative currencies remains to be seen.But side URL
http://bitlegal.net/#map
