Russia Plans Bitcoin Ban by 2015

[TheButterZone]

Bring on the summary executions, then.

[yayayo]

I don't believe this until I see at least six confirmations...

Even if true, it won't have much impact, because it can't be enforced. People in Russia are well trained in circumventing stupid laws.

If Russian government is smart, they would promote Bitcoin as trade currency to crush the US dollar dominance once and for all.

ya.ya.yo!

[BreadJoint]

I don't believe this until I see at least six confirmations...

Even if true, it won't have much impact, because it can't be enforced. People in Russia are well trained in circumventing stupid laws.

If Russian government is smart, they would promote Bitcoin as trade currency to crush the US dollar dominance once and for all.

ya.ya.yo!

It is true. Russia will ban bitcoin, there's no doubt about it.

Russian government is smart when it comes to stealing money and preserving their power. They don't really care about anything else.

[Orjaner]

Russia = One step backwards, two steps back.

It's okay, soon they'll do a complete 360 turn in their policies and carry on going backwards

[greeneye222]

Ok so us minus the Russians. That is not bad at all. 

[PotatoPie]

Although bitcoin cannot be blocked, Russians may not want to invest in it due to the fact that it's banned. The fear of future prosecution may convince Russians to cash out.

[Grand_Voyageur]

In Soviet Russia, Bitcoin spend you!

ROTFL  

Although bitcoin cannot be blocked, Russians may not want to invest in it due to the fact that it's banned. The fear of future prosecution may convince Russians to cash out.

I agree. Maybe the only one who continue to use it will be the organized crimes, terrorists & other people who have no choice other than breaking the law to move, transfer or clean their money. Ordinary folks may cash out to avoid nuisances & fines.

[bitcoin_purist]

The way the technology is designed, Bitcoin cannot be banned or censored.

Just like drugs.
They could make laws to throw you in jail when you own bitcoins
You see they already do the same with torrents, when you share files which are copyright protected.

Bitcoin is natively not that anonymous.
Also, when the majority of the people think bitcoin is bad because it made the current economic system collapse, it will not succeed.

I don't care, I'm a permabull for life.
I'll die with bitcoins in possession, no matter what.

[LiteCoinGuy]

interesting to see how it plays out:

Kryptoradio transmits Bitcoins via Digita’s TV network Broadcast data will include Bitcoin transactions, blocks and exchange rates

http://kryptoradio.koodilehto.fi/2014/09/02/press-release-kryptoradio-transmits-bitcoins-via-digitas-tv-network.html


hard to block  

[findftp]

This is typical ban story for Bitcoin. China ban bitcoin, no they don't. Russia ban bitcoin, no they don't. China will ban bitcoin, better sell now, no they won't. Just achieve this. If they want to ban bitcoin, let them do it.

It was just FUD so others could buy in cheaper and then sell more expensive. It wouldn't be reason to panic anyway.

Russia is very hostile towards bitcoin. They like to keep a very tight control over their economy and people. It is just the culture of government. I would not consider this to be FUD.

Does it even really matter? How many people could be using bitcoin in Russia circa?

Russia is involved in bitcoins pretty greatly...

No they are not.

No idea why China isn't in the top 5 ...

Same as above.
See https://getaddr.bitnodes.io/

Also see:
https://www.google.com/trends/explore#q=bitcoin

Bitcoin is mainly western europe and de US.

[maijah]

before banned allow me to search for and sell as many of her

[Jerome?]

before banned allow me to search for and sell as many of her

lol... How much btc do you have now?

[BrunesBTC45]

Russia tends to give hasty decision. So, yeah I believe that.

[n0rBit]

Yey! no russians in bitcoin forums.

[iwillwin]

Hey I have read that Bitcoin is illegal in many countries. Could someone please explain why ? As to what threats it possesses that governments like Russia plan to ban it !

[QuestionAuthority]

Hey I have read that Bitcoin is illegal in many countries. Could someone please explain why ? As to what threats it possesses that governments like Russia plan to ban it !

Countries like Russia only really enjoy things if they're illegal. I'm now convinced that everyone in Russia is gay since they declared a ban on LGBT rallies.

[sidhujag]

It is a ploy to reduce price so they can buy them all up with their worthless fiat. But smart money seems to be getting in ahead of them so they will end up buying above $500usd anyways. Seems governments are starting to see there is a race to get into bitcoin JUST IN CASE it does do what every smart person in the world that is not in government says it will end up doing.

[malykii]

The only part that I would be sad about would be the potential shutdown of btc-e.  That seems to be the easiest exchange to work with, and it would be a bummer to see it shut down because of a law like this getting implemented. 

[QuestionAuthority]

The only part that I would be sad about would be the potential shutdown of btc-e.  That seems to be the easiest exchange to work with, and it would be a bummer to see it shut down because of a law like this getting implemented.  

They don't think it's a problem: http://www.coindesk.com/btc-e-concerns-russian-criminal-investigation/

[gog1]

this is old news.  Btw, I thought btc-e is based in Bulgaria, not Russia.