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Author Topic: Russian Bitcoin Bill - In the event of its passing...  (Read 1566 times)
mmsen
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October 06, 2014, 11:01:06 AM
Last edit: October 06, 2014, 11:30:02 AM by mmsen
 #1

The two-page draft bill details a series of administrative fines to be imposed on both businesses and private citizens who issue, create or deliberately disseminate information about the release or operation of digital currencies, the language implying that the law would apply to much of the bitcoin industry, from bitcoin users to miners and service providers.

How likely are Russian bitcoiners to adhere to the law?

How enforceable would such a law be?

What tactics are the Russian authorities likely to deploy in order to safeguard their fiat currency and criminalize non-compliant citizens?

Will they (Russian citizens/those resident in Russia) find viable loopholes/avoidance tactics? Do such tricks currently exist?


Thanks.


Also,

Which governments do you believe would be most likely to follow in the footsteps of the Duma?

What would this do to the price of bitcoin? Will one cryptocurrency suffer more than most? Which cryptocurrencies are likely to benefit/appreciate?
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fivebells
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October 07, 2014, 03:40:43 AM
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It's probably already affecting the price.

It's very interesting.  I wonder whether it will lead them to try to shut down Tor access too.
mmsen
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October 07, 2014, 09:37:55 AM
Last edit: October 07, 2014, 04:27:41 PM by mmsen
 #3

It's probably already affecting the price.

It's very interesting.  I wonder whether it will lead them to try to shut down Tor access too.

Would they not have already shut down Tor by other means if they could?

Or do you mean that they would make using Tor illegal?
rodgerdoger
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October 07, 2014, 05:30:05 PM
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It's probably already affecting the price.

It's very interesting.  I wonder whether it will lead them to try to shut down Tor access too.

Would they not have already shut down Tor by other means if they could?

Or do you mean that they would make using Tor illegal?

for $500, what is sarcasm
mmsen
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October 07, 2014, 05:50:08 PM
Last edit: October 07, 2014, 07:36:32 PM by mmsen
 #5

I'm a complete n00b
It's probably already affecting the price.

It's very interesting.  I wonder whether it will lead them to try to shut down Tor access too.

Would they not have already shut down Tor by other means if they could?

Or do you mean that they would make using Tor illegal?



I'm a complete n00b so I have no idea what is feasible and not.

Hence my genuine questions.
TheButterZone
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October 07, 2014, 06:15:25 PM
 #6

If Russia does not summarily execute all bitcoin suspects, bitcoin will not be affected.

Saying that you don't trust someone because of their behavior is completely valid.
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