Russia to ban cryptocurrencies by 2015

[cbeast]

Yet another "Russia Bans Bitcoin" because terrorism article.
http://rt.com/business/187440-bitcoin-ban-russia-cryptocurrency/?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome

People can play with their chips, and they can call them money, but they can’t use these surrogate currencies as tender

[BittBurger]

Yawn.

*fart*

[Yakamoto]

And... This is important why?

Russia is acting like China,

"We ban! ... Wait, no we don't... yes we do! BAAAAN! Wait... Should we...?"

I wish they'd make up their minds. I haven't heard about China for a while now...

[Vortex20000]

No, silly. WE BAN! LET THE OUTSIDERS USE!

VPS is OK.

DON'T WORRY. THIS IS FOR YOUR GOOD.

THE OUTSIDERS ARE MONSTERS.

DO NOT LISTEN TO ENGLISHMEN.

THEY WILL MAKE YOU WATCH FALSE VIDEOS ON "YouTube"!

[oceans]

Wow, another one that is going to keep saying one thing and changing it back and then banning it again. Really wish they would make their minds up because it makes them look really silly when they keep making one decision and then making another.

[Dyklotz]

They dont even know how to use it or get the concept at all.

[Bitcoinpro]

this thread is

[p2pbucks]

It's a good news , more banning means bigger underground crypto market
btw:my russia friends treat putin gov like sht

[cbeast]

It's a good news , more banning means bigger underground crypto market
btw:my russia friends treat putin gov like sht

I love these political decisions that are anti-freedom. They gauge where we are and how much we need to resist. Someday when big corporations want special treatment and allowances for Bitcoin, there will be blowback.

[Bitcoinpro]

deputy finance minister's don't set laws, and neither do the police,

"but the overall concept of the law is set in stone"

RT has been digging around in the bottom of the barrel to put out a story like this,

baseless, zero facts, using a prop goverment official assistant to talk nonsense

then they use a photo from,  Reuters made by Benoit Tessier

who is the RT reporter for this story?

not to mention some of the wording looks like its been ripped straight out

of someone else's email

[ArticMine]

Given the current relations between Russia and the West particularly NATO countries this could actually be bullish since it is very unlikely that the US and the EU would follow Russia's lead here. My take is that Bitcoin and other crypto currencies pose a very big threat to weak fiat currencies especially those where there is very tight control of the economy by the state. It is a sign of weakness of the Rouble vs the US Dollar and the Euro.

Edit: This could get very interesting if the US government sees Bticoin and other crypto-currencies as a way to get back at Russia.

[BTCjust]

Any people believe that?

[marcus_of_augustus]

in russia, cryptocurrency ban you!

[lol3c]

Everything can happen in Russia

[LiteCoinGuy]

more important is US, UK, China (Asia) and EU. people in russia wont care.

[trolek1]

China and usa is most important. Russia worth nothing in cryptocurrences world.

[LiteCoinGuy]

...please also ban the internet 

[tsoPANos]

Eventually Russia will have to compromise.
I don't think bitcoins will be banned in Russia.
Bitcoins will be strictly rugulated though.

[BitCoinNutJob]

Kinda interesting that russia seems to be so negative about crypto yet russia today news channel has max keiser forever pumping bitcoin and other crypto lol

[fairglu]

Kinda interesting that russia seems to be so negative about crypto yet russia today news channel has max keiser forever pumping bitcoin and other crypto lol

I guess "normal" Russians are as open to cryptos than peoples in other nations, and maybe more than US or Europeans as they have a weak national currency, and plenty of good reasons to distrust that national currency.
Russian apparatchiks and rulers on the other hand are afraid of it as widespread bitcoin use would weaken their control, and they already have other channels established for their shady fiat operations.

Also a public ledger becoming ubiquitous is probably their worst nightmare, fiat is much less traceable, less risks of someone going back years and unraveling all their money laundering!