[2014-02-06] Now official: using Bitcoins is completely illegal in Russia

[BotwinBG]

Can someone smarter than me do an analys on the situation - is it banned, what is banned etc?

[NoEscape0]

Can someone smarter than me do an analys on the situation - is it banned, what is banned etc?

They decided to ban it but still did decide how exactly they should do it. Group of experts will meet to make a final decision soon.

[notthematrix]

Can someone smarter than me do an analys on the situation - is it banned, what is banned etc?

They decided to ban it but still did decide how exactly they should do it. Group of experts will meet to make a final decision soon.

they want first the elite to havce it.
They dont know how to ban it is just an other way of saying , that only insiders can use it.
insiders like theese https://www.youtube.com/watch?v=d4o13isDdfY banning will never be executed , because its making a law demanding PI sould be 2.27 instead of 3.14 , yes you can make that law no you can not enforce it.

[notthematrix]

Russian lawmaker wants to outlaw U.S. dollar, calls it a Ponzi scheme

http://www.washingtontimes.com/news/2013/nov/13/bill-would-outlaw-us-dollar-russia/

[notthematrix]

Most importatn part from the end of this text: http://genproc.gov.ru/smi/news/genproc/news-86432/
"Пo итoгaм coвeщaния нaмeчeны кoнкpeтныe coвмecтныe дeйcтвия Бaнкa Poccии и пpaвooxpaнитeльныx opгaнoв пo пpeдoтвpaщeнию вoзмoжныx пpaвoнapyшeний в cфepe дeнeжнoгo oбpaщeния в Poccии, пpинят pяд кoнкpeтныx peшeний, нaпpaвлeнныx нa пpeдoтвpaщeниe нapyшeния имyщecтвeнныx пpaв гpaждaн и opгaнизaций, cвязaнныx c иcпoльзoвaниeм кpиптoвaлют. C yчeтoм зapyбeжнoгo oпытa oпpeдeлeны дaльнeйшиe нaпpaвлeния paбoты пo пpaвoвoй peглaмeнтaции дaннoй cфepы."

It says that gouverment and Russian Bank (main Russian's bank) and organizations like police and KGB will do something to prevent using crypto coins (but it doesnt say what EXACTLY they gonna do).

"Paзвитиe cитyaции и выпoлнeниe вышeyкaзaнныx мepoпpиятий бyдyт oбcyждeны нa cлeдyющeм зaceдaнии экcпepтнoй гpyппы."
Situation controlling and actions to prevent using crypto will be discussed on the next stade of the experts group meetiing.
_
So it was expected from our gouverment that they would try to prevent btc and other cryptos but Im sbsolutly sur that they wont be able to close rus trade sites (most popular is https://btc-e.com/) and somehow hurt crypto community. Also we dont know what exactly the gonna do with the coins.
I guess they did it to protect rubble cost(cause its falling a bit)

__
btw sorry for my bad english.

Holy satoshi thats scary  

its just the same with dollar , it is banned since 1917 https://bitcointalk.org/index.php?topic=456754.0 same law.

[sharedminers]

So technically, it is illegal now for russians to buy and sell bitcoins?

[keithers]

This is kind of off topic, but how in the hell did Russia get approved for the Olympics with how bad of condition all the places are for the participants to stay?  Have you guys seen it on TV?  In United States there is some idiot Senator saying how it is super probable that something will be "detonated" near the Olympic games.   Talk about FUD

[NoEscape0]

This is kind of off topic, but how in the hell did Russia get approved for the Olympics with how bad of condition all the places are for the participants to stay?  Have you guys seen it on TV?  In United States there is some idiot Senator saying how it is super probable that something will be "detonated" near the Olympic games.   Talk about FUD

Well, I didnt go to Olimpics and none of my friends did, so all the info i have is the info from tv and internet (and it could be not true). Guys on tv shows only good conditions. I saw some things in the internet like broken door-handles (but after some guy found out that it there was a guy who broke about 10-20 handles and photographed it), rusty water (but after i found same image that was publiced in 2010), awkward toilets and so on.

Btw it doesnt seems too bad. Olympics in Sochyon a quite good level so relax)

[Last1212]

This is kind of off topic, but how in the hell did Russia get approved for the Olympics with how bad of condition all the places are for the participants to stay?  Have you guys seen it on TV?  In United States there is some idiot Senator saying how it is super probable that something will be "detonated" near the Olympic games.   Talk about FUD

Cause your noob goverment didn't want to spend money on Olympic games in crisis time, but Russia is much more rich and generous.

[BTCWizard]

Something illegal in Russia, than I'm sure nobody will use it there.

[bitbd83]

But Russia will have to adopt BTC soon. Study the December China crash....what was there?? Same thing happen to Russia soon.

[NoEscape0]

Something illegal in Russia, than I'm sure nobody will use it there.

Lol, who cares about gouverment decision. Im sure that everty btc holders will continue to hold it even after the gouverment will make crypto illegal.

[zeuzzz]

Great!  Everything is going according to plan 

My thoughts exactly, let the most power hungry totalitarian states ban it, then the west will end up playing the "we don't want to ban bitcoin, only repressive regimes like China or Russia do that" political card, which will almost certainly boost widespread support in all the countries that have not banned it. Besides, how will russia deal with the situation the FBI was in recently when the silk road went down, a massive heap of wallets full of bitcoins. They will most likely end up selling them, they would not throw millions away.

[btcjedi]

exchange between foreign currency and rubles is not a problem. There are multiple bank exchange offices everywhere in Russia

[TonyZX]

Despite the fact that "Russia is Russia" I think there would be a day when they will also accept bitcoin but it will happen only after it is legalized in every other developed and developing country as Russia usually copy other world's actions.

[ISAWHIM]

So Russians can't use paypal, USD, EUR, CC's, Crypto-coins, e-gold, WOW-gold, IMVU-credits, Lindens or facebook-coins...

Isn't BTCe operating out of Russia...

They said they can't be used as "currency replacement", not "assets".

Crypto-coins (despite the term "coins"), are not intended to replace currency. They depend on currency, like any other asset. I think they are trying to say that "they do not have to be accepted to pay debts", which is what a currency is for. "legal tender, which MUST be accepted for payments". As an asset, it is optionally acceptable for you to use. However, since it is not "legal tender" or "currency", you would still have to "make tax payments in currency", not "bitcoins". Just as you can't pay "Credit" as a tax payment. You have to pay the "currency they accept, or a currency acceptable substitute". For them, there is no substitute except the denomination they control. (Unlike in the USA, you can pay in EURO, however, it could still be refused. Bitcoins however, would never be accepted, at the moment, for government payment... except when they want to take them from you, to cash-in for themselves. Then, all of a sudden, it is OK to use them, for them.)

I am not translating Russian law, I am just assuming, as an American, that they did like every other place, and simply identified crypto-coins as "non-currency". To cover their asses, unless something changes, and they decide it is good to use it, even if only to keep Russian funds within their own country. Which is a task that banks can't seem to manage.

[notthematrix]

So Russians can't use paypal, USD, EUR, CC's, Crypto-coins, e-gold, WOW-gold, IMVU-credits, Lindens or facebook-coins...

Isn't BTCe operating out of Russia...

They said they can't be used as "currency replacement", not "assets".

Crypto-coins (despite the term "coins"), are not intended to replace currency. They depend on currency, like any other asset. I think they are trying to say that "they do not have to be accepted to pay debts", which is what a currency is for. "legal tender, which MUST be accepted for payments". As an asset, it is optionally acceptable for you to use. However, since it is not "legal tender" or "currency", you would still have to "make tax payments in currency", not "bitcoins". Just as you can't pay "Credit" as a tax payment. You have to pay the "currency they accept, or a currency acceptable substitute". For them, there is no substitute except the denomination they control. (Unlike in the USA, you can pay in EURO, however, it could still be refused. Bitcoins however, would never be accepted, at the moment, for government payment... except when they want to take them from you, to cash-in for themselves. Then, all of a sudden, it is OK to use them, for them.)

I am not translating Russian law, I am just assuming, as an American, that they did like every other place, and simply identified crypto-coins as "non-currency". To cover their asses, unless something changes, and they decide it is good to use it, even if only to keep Russian funds within their own country. Which is a task that banks can't seem to manage.

btc-e is NOT operating from russia , so it does not care about russia.

[roslinpl]

Russia Says Bitcoin Should Be Avoided

http://techcrunch.com/2014/02/07/russia-bans-bitcoin/

Poland says Bitcoin is THE CHOSEN ONE!



God damn, why thing cant just go easy ....
problems everywhere ... only problems

I am waiting to see a briiiight light again!

[Nemo1024]

Russia Says Bitcoin Should Be Avoided

http://techcrunch.com/2014/02/07/russia-bans-bitcoin/

Poland says Bitcoin is THE CHOSEN ONE!



God damn, why thing cant just go easy ....
problems everywhere ... only problems

I am waiting to see a briiiight light again!

He-he. If Russia said that the sky is blue, Poland would immediately decry it as a lie and state with full authority that the sky is green. They would also send a political emissary to god to demand that it should follow the new EU-directive on green-sky. Nothing new there. 

[TonyZX]

Although it is illegal to use Bitcoin I am sure people will continue to use it but it just would be more difficult