Cryptocurrency now illegal in Russia

[TheDailyBitcoin]

My guess is they just are upset that they aren't getting their cut of the cash.

http://thedailycrypto.com/?p=98

What do you think?

[minecrew]

There are no laws about using of virtual currencies and about converting them into cash. But BTC-E already stopped deposits and withdrawals in russian roubles at 8th february.

[keithers]

Russia is living in the stone age anyway

[David stefler]

My wife is russian at we sold all our BTC, i just sold 10BTC at bitcoins4currency.com yesterday and the prices is fallin down.

[CryptoPanda]

Torrents have been banned in many countries for years....
Drugs are illegal for centuries....

did that stop people use any of them?

[BTCisthefuture]

Torrents have been banned in many countries for years....
Drugs are illegal for centuries....

did that stop people use any of them?

True it won't stop people from breaking the law if they want to.  It does hurt adoption of bitcoin though, at least in Russia anyways. If bitcoin is banned in any country then you won't see stores accepting bitcoin, you wont see atms,  you wont see people openly offering bitcoin related services ,  which is too bad. 

I think bitcoin and will thrive through in other parts of the world regardless if a few countries outlaw it.  Just like China bans/blocks porn but the porn industry still thrives in other parts of the world.  Or facebook thrives even though its blocked in parts of the world. Etc etc.

I do feel sorry for people in Russia though who want to get involved in bitcoin.

[roslinpl]

My wife is russian at we sold all our BTC, i just sold 10BTC at bitcoins4currency.com yesterday and the prices is fallin down.

well I guess this small price drop is caused by Russia.

Prices will return to normal after most of russians will dump their coins.

So sorry for Russia that they cant grow Bitcoin together with us.

[franky1]

the price drop was caused by the sheep following the MTGOX ticker price, and then panicking on other exchanges to sell at losses.

the Russian financial laws have not changed for years, the meetings in January and start of February were not law making meetings. they were just discussion and information finding meetings.

chapter 6 article 27 simply says the ruble is the legal tender and nothing will change that.

if you truly believe that alternative forms of money/currency is banned from being exchanged/traded/purchased in russia. then i guess 'bururea de change stores were closed last week.... wait, their still open and running.

[roslinpl]

the price drop was caused by the sheep following the MTGOX ticker price, and then panicking on other exchanges to sell at losses.

the Russian financial laws have not changed for years, the meetings in January and start of February were not law making meetings. they were just discussion and information finding meetings.

chapter 6 article 27 simply says the ruble is the legal tender and nothing will change that.

if you truly believe that alternative forms of money/currency is banned from being exchanged/traded/purchased in russia. then i guess 'bururea de change stores were closed last week.... wait, their still open and running.

So it is good. But you must agree that for russians it is more confusing...

[gamecenteruk]

price back to normal? What price is normal price of bitcoin, I think it is around $50

[DubFX]

Torrents have been banned in many countries for years....
Drugs are illegal for centuries....

did that stop people use any of them?

Came to write this...they would have to make firewall against btc.
Also what will they do if they discover someone's using btc? Will they go to jail?

[roslinpl]

price back to normal? What price is normal price of bitcoin, I think it is around $50

hehe.

So funny
but 50% you are right.
What means normal price - normal price for  me is a price that was stable for long time.

But you are right it might sounds wierd a little bit.


and oh well, 50$ is for sure not a normal price for bitcoin

[MicroGuy]

price back to normal? What price is normal price of bitcoin, I think it is around $50

I predict the price will hover somewhere between $500 and $1000 for the next few hours.  

[roslinpl]

price back to normal? What price is normal price of bitcoin, I think it is around $50

I predict the price will hover somewhere between $500 and $1000 for the next few hours.  

oh well Propably you are right.

But you might be wrong too.

As Gandalf sad.