VISA & MASTERCARD blocked Russians from accessing their money

[lightfoot]

Obama or Putin could start WW3 easily either openly or secretly.  This is NOT hard to do.  A little mistake with a ship, plane, missile or sub could do it on either side.  Luckily neither of them really want it. 

Given that the Russians sank their own sub the last time they tried to launch a torpedo, I don't think this is a very big problem these days. These things are complex, and after 20+ years of neglect they probably will not work too well.

Unlike the AK47, which you can bury in mud for 20 years, dig up and fire....

[247crypto]

Money are not blocked, is lie.
Blocked are payments via mastercard or visa.
People pay via webmoney.ru for online payments and with other services.

[hunter001]

Turn all your funds into Bitcoin while there is still time!

[247crypto]

https://www.youtube.com/watch?v=4BWUeQwGEGQ

[247crypto]

Turn all your funds into Bitcoin while there is still time!

Why? Webmoney.ru p2p loans goes up to 30% daily, and You can start to investing with less than $1.

[lightfoot]

As a prosper.com lender I am laughing now.....

[247crypto]

As a prosper.com lender I am laughing now.....

prosper is only for some states of US, not open to everyone

on webmoney.ru you can find many offers from 1 to 0.5% daily

[Balthazar]

Subject is too strong... Only one bank is blocked, and I really don't understand why this bank has been chosen as a victim. Bank of Russia is not so popular organization, most of the people even didn't knew about their existance. It seems that this idiots thought that it's something like Bank of America.

Anyway, now this bank became popular through a free promotion by Obama... Putin, Rogozin, Kadirov and a bunch of others even opened their accounts here

[bryant.coleman]

Anyway, now this bank became popular through a free promotion by Obama... Putin, Rogozin, Kadirov and a bunch of others even opened their accounts here

Hmm... Kadyrov's account will be very heavy. Every year he is stealing billions of USD from the Russian tax payers.

[Balthazar]

I think that owners of this bank were lucky during these days. So much free PR

[amspir]

Subject is too strong... Only one bank is blocked, and I really don't understand why this bank has been chosen as a victim. Bank of Russia is not so popular organization, most of the people even didn't knew about their existance. It seems that this idiots thought that it's something like Bank of America.

Anyway, now this bank became popular through a free promotion by Obama... Putin, Rogozin, Kadirov and a bunch of others even opened their accounts here

See http://www.npr.org/blogs/parallels/2014/03/24/293866579/a-primer-on-the-sanctions-against-russia

Visa and MasterCard briefly stopped processing payments to SMP bank, whose co-owners Boris and Arkady Rotenberg were sanctioned.  Bank Rossiya, the country's 19th largest and believed to be close to Russian President Vladimir Putin, was also hit by the credit card companies. In effect, Bank Rossiya can't engage in dollar-based transactions.

These are token sanctions, because Russia has very little trade with the US.   I'm sure that Putin is asking for payment in rubles for the American astronaut that the Russians just gave a ride to the ISS.

[Balthazar]

Boris and Arkady Rotenberg

http://www.servant.org/writings/humor/h_mfarj.php

 

[bryant.coleman]

I think that owners of this bank were lucky during these days. So much free PR

Agreed. And it is positive PR as well (in Russia).

[balanghai]

Sounds a bit another form of cold war eminent.

[247crypto]

Blocking money of Russian tax evaders help RF to be stronger.
Blocking foreign money order service help Russia to build and develop own processing services.

Russia need more sanctions.

[Balthazar]

Actually such behavior of any payment system is a rude violation of the law. Nobody is allowed to block or spy without authorization from court.

http://www.forbes.ru/finansy/regulirovanie/252629-rossiya-kontratakovala-visa-i-mastercard

So, the new bill is currently under review. If it will be accepted then MasterCard and VISA will be forced to build local transactions processing centres on the russian territory. This would be able to protect citizens from Obomber's malicious activity (accounts locking, collection of transactions data).

[Balthazar]

Actually such behavior of any payment system is a rude violation of the law. Nobody is allowed to block or spy without authorization from court.

http://www.forbes.ru/finansy/regulirovanie/252629-rossiya-kontratakovala-visa-i-mastercard

So, the new bill is currently under review. If it will be accepted then MasterCard and VISA will be forced to build local transactions processing centres on the russian territory. This would be able to protect citizens from Obomber's malicious activity (accounts locking, collection of transactions data).

By the way, this also means that mastercard & visa will lose their profit from processing fees (VISA makes ~$4 billion for a year here).

[mycoin254]

More details is here
https://bitcointalk.org/index.php?topic=525168.0


I think it's good time to educate russians about the benefits of bitcoin.

I'm calling all russian speaking to start massive campaing promoting bitcoin in comments and discussions of relevant articles in russian press. May be their dumb authorities will finally realize that bitcoin is their friend.

It's obvious that you don't understand how credit cards work. No, they didn't block heir bank accounts, they just cannot spend them using heir debit/credit cards. This hurts American and European businesses more than Russia and the Russians! Stupid Obama! Worst president ever!

I don't think so, now the government is also bad, President Obama is trying to solve this problem. So now the policy is in line with the temporary phase of the Federal National conditions.

[zolace]

Guys you should see this as a plus, if Russians in USA and Russia cant use Visa and Matercard, maybe this will help bitcoin.  Way to go Visa and Mastercard!!!

[neighborrr]

I have read that Putin ordered to make their own credit card company after Visa and Mastercard blocked Russia