[2014-09-13] RT: Russia may ban cryptocurrencies by 2015

[LiteCoinGuy]

Russia may ban cryptocurrencies by 2015

Russia is set to become the latest country to restrict virtual currencies such as Bitcoin, after a top official announced that a law will be passed banning their exchange into real money by next spring due to their use by criminals and terrorists.

http://rt.com/business/187440-bitcoin-ban-russia-cryptocurrency/?utm_source=twitterfeed&utm_medium=twitter

[yatsey87]

Russia  . There's certain aspects of their culture and society that are just so backwards. Banning something like bitcoin is just abhorent for these silly reasons. Criminals can just as easily use government issued fiat.

[gmx95]

Haven't they already declared earlier that it is illegal for companies to deal in bitcoin there?

[notthematrix]

so what is the problem , then they change it to "real money" outside russia
http://www.btc-e.com offshore.

[bryant.coleman]

so what is the problem , then they change it to "real money" outside russia
http://www.btc-e.com offshore.

BTC-E has nothing to do with Russia. Although BTC-E was established by Russian citizens (Alexey and Alexander), it was originally based in Kiev, Ukraine. After a few months, they moved to Bulgaria as the Ukrainian authorities were having problems with the tax aspect. Right now they operate out of Sofia, Bulgaria, although almost 100% of their staff is Russian.

[LiteCoinGuy]

so what is the problem , then they change it to "real money" outside russia
http://www.btc-e.com offshore.

BTC-E has nothing to do with Russia. Although BTC-E was established by Russian citizens (Alexey and Alexander), it was originally based in Kiev, Ukraine. After a few months, they moved to Bulgaria as the Ukrainian authorities were having problems with the tax aspect. Right now they operate out of Sofia, Bulgaria, although almost 100% of their staff is Russian.

thx for that piece.

[notthematrix]

Well thats what I say , blocking bitcoin in russia is no diffrent then the dollar that is blocked .....
effectiveness 0.00000000000

[bryant.coleman]

Well thats what I say , blocking bitcoin in russia is no diffrent then the dollar that is blocked .....
effectiveness 0.00000000000

Anyway... the heading says "they might ban the Bitcoin after one year" and not "they will ban the bitcoin in 2015". If they actually wanted to ban the Bitcoin, then they would have done that already (for example, the bans by China and Thailand). Russians are concerned that Bitcoins might be used to fund the Islamist insurgents in Daghetsan and Chechnya. Seems like they are overestimating the intelligence of these rebels. 

[niothor]

Well thats what I say , blocking bitcoin in russia is no diffrent then the dollar that is blocked .....
effectiveness 0.00000000000

Anyway... the heading says "they might ban the Bitcoin after one year" and not "they will ban the bitcoin in 2015". If they actually wanted to ban the Bitcoin, then they would have done that already (for example, the bans by China and Thailand). Russians are concerned that Bitcoins might be used to fund the Islamist insurgents in Daghetsan and Chechnya. Seems like they are overestimating the intelligence of these rebels. 

Bitcoin is not banned in China.
I can't believe you spend so much time on this forum and still post this.


“People can play with their chips, and they can call them money, but they can’t use these surrogate currencies as tender,” Deputy Finance Minister Aleksey Moiseev told journalists in Moscow.

“We will discuss this law in the current session of parliament, and possibly even pass it then, or at the very latest by spring next year. We are currently dealing with comments from the law enforcement agencies, about the specifics of legal measures, and we will take their remarks into account. But the overall concept of the law is set in stone.”

[1K]

So is thgis set in stone or actually confirmed? There's always a lot of fud and Chinese whispers when it comes to bitcoin getting banned when it usually turns out this isnt the case.

[niothor]

So is thgis set in stone or actually confirmed? There's always a lot of fud and Chinese whispers when it comes to bitcoin getting banned when it usually turns out this isnt the case.

According to the Deputy Finance minister which I quoted above , it is. .
Who is against bitcoin  China , Russia , Vietnam , Thailand , Bolivia...
Who is pro EU , US Canada...

And to think how many people demonize the EU and US here.

[Tirapon]

Well thats what I say , blocking bitcoin in russia is no diffrent then the dollar that is blocked .....
effectiveness 0.00000000000

Anyway... the heading says "they might ban the Bitcoin after one year" and not "they will ban the bitcoin in 2015". If they actually wanted to ban the Bitcoin, then they would have done that already (for example, the bans by China and Thailand). Russians are concerned that Bitcoins might be used to fund the Islamist insurgents in Daghetsan and Chechnya. Seems like they are overestimating the intelligence of these rebels. 

Bitcoin is not banned in China.
I can't believe you spend so much time on this forum and still post this.

Its not banned in Thailand either

[notthematrix]

So is thgis set in stone or actually confirmed? There's always a lot of fud and Chinese whispers when it comes to bitcoin getting banned when it usually turns out this isnt the case.

According to the Deputy Finance minister which I quoted above , it is. .
Who is against bitcoin  China , Russia , Vietnam , Thailand , Bolivia...
Who is pro EU , US Canada...

And to think how many people demonize the EU and US here.

will not help only delay it a bit piratebay (banned) , wikileaks (banned) , Snowden (banned)
here you see the gov can only tell bla bla when it comes to cyberspace! effeciveness of ban 0.00000000000

[Paladin69]

Countries that claim to be enemies in the media are not really enemies.  If Russia wanted to take down the US, denominating their oil in Bitcoin would do the trick, easy mode.  But they won't do that.  Central bankers are just buddies bribing buddies.

Carry on, puppet-show.

[Neotox]

i don't think they will Ban bitcoin
only Bitcoin is not used by criminals and terrorists
they are also using rubble and USD so govt should ban these currencies also?
Never
if they think that Banning Bitcoin will stop criminals and terrorists then they should think again
bitcoin never promoting such activities
its just a digital currency

[LiteCoinGuy]

Well thats what I say , blocking bitcoin in russia is no diffrent then the dollar that is blocked .....
effectiveness 0.00000000000

Anyway... the heading says "they might ban the Bitcoin after one year" and not "they will ban the bitcoin in 2015". If they actually wanted to ban the Bitcoin, then they would have done that already (for example, the bans by China and Thailand). Russians are concerned that Bitcoins might be used to fund the Islamist insurgents in Daghetsan and Chechnya. Seems like they are overestimating the intelligence of these rebels.  

Bitcoin is not banned in China.
I can't believe you spend so much time on this forum and still post this.

Its not banned in Thailand either

i know there is a website which lists all "banned/unbanned" countries and adds some sources... dont know the name anymore  


edit:

http://bitlegal.io/

 

[Lethn]

Haven't they already declared earlier that it is illegal for companies to deal in bitcoin there?

Do your fucking research and stop believing what people randomly post up on the internet as fact, Thailand, China and Russia were all falsely reported on, Thailand hasn't banned Bitcoin in the slightest, Russia and China have only restricted their trade. This article seems to be more legitimate because RT actually have people like Max Keiser on their channel who are in the know about cryptocurrencies so if Russia is actually going to make a move on cryptocurrencies Russia Today will definitely be informed.