‘You can play with you bitcoins, but you can’t pay with them’: Russia...

[pawel7777]

‘You can play with you bitcoins, but you can’t pay with them’: Russia may ban cryptocurrencies by 2015

http://rt.com/business/187440-bitcoin-ban-russia-cryptocurrency/


Here we go again with Russia banning bitcoin.

I'm just curious whether Max Keiser will dare to comment on his 'Keiser Report'.

“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.

At least they allowed to 'play' with them

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[Velkro]

At least they allowed to 'play' with them

Exactly, its actually good news as they say ;].
They will allow paying after wider adoption, because there will be no other way.

[cryptworld]

This was expected,but how do they know if you pay with bitcoin?
I mean,you obviously won't be able to use it in shops,but how about internet transactions,or particular transactions?

[spazzdla]

This was expected,but how do they know if you pay with bitcoin?
I mean,you obviously won't be able to use it in shops,but how about internet transactions,or particular transactions?

I was expecting a full out 100% ban..

[pawel7777]

This was expected,but how do they know if you pay with bitcoin?
I mean,you obviously won't be able to use it in shops,but how about internet transactions,or particular transactions?

Not much they can do. They can forbid every Russian business from accepting BTC and that's pretty much it. Maybe also freeze accounts of Russian miners selling BTC abroad, but don't think they'd do it.

At least they allowed to 'play' with them

Exactly, its actually good news as they say ;].
They will allow paying after wider adoption, because there will be no other way.

They cannot criminalise majority of population.

Or can they...



Nah, they would never...

[LiteCoinGuy]

good luck with that russia 

[jbrnt]

Russia can only ban bitcoin mining and transactions inside Russia. Russians can still own bitcoin and purchase things with them overseas. It's like a secret swiss bank account.

Although the draft of the proposed legislation has not been published, officials say they will open criminal proceedings against both: those who mint digital currency – usually with the help of powerful computers – and those who use them for transactions. The finance ministry has also asked regulators to ban access to exchanges and online stores that accept bitcoin.

[Serge]

no one expected official russia to accept bitcoins as tender anyway

[faceplantz]

And the next one to ban btc is china!

[fa]

And the next one to ban btc is china!

No. Chinese gov has already deemed btc as commodity last year. It is not against law to trade. The only enemy there is central bank.

[jabo38]

Sounds like good news to me. 

Now lots of extremely wealthy bitcoins can play with Bitcoin and make the price go up. 

In reality, it is hard as hard to pay for anything with Bitcoin anyway.  Most people have to go out of their way to use them.  In my city there isn't even one business that accepts them and so that leaves me reduced to only internet shopping and most of the sites I use don't accept them. 

So basically the policy in Russia is pretty much like my reality.  Probably not just me.  I think I am not the only Bitcoiner on here that has bought and played but not ever actually used one in a real brick and mortar store. 

[Elwar]

Bitcoins are not legal tender in Russia!?!?

Oh nooo....


Oh that's right...it is not legal tender in any country.

[Elwar]

Bitcoin has the exact same legal status in Russia as my balls.

I can play with them but they are not considered legal tender.

[BillyBobZorton]

This was expected,but how do they know if you pay with bitcoin?
I mean,you obviously won't be able to use it in shops,but how about internet transactions,or particular transactions?

Not much they can do. They can forbid every Russian business from accepting BTC and that's pretty much it. Maybe also freeze accounts of Russian miners selling BTC abroad, but don't think they'd do it.

At least they allowed to 'play' with them

Exactly, its actually good news as they say ;].
They will allow paying after wider adoption, because there will be no other way.

They cannot criminalise majority of population.

Or can they...



Nah, they would never...

They could open literally every package that goes inside russia, and look for the receipt and search for Bitcoin payments. To avoid this, the merchants should not mention Bitcoin at all in the packages to avoid putting buyers into problems, just state the equivalent in the local russian currency.

[huoiuu]

Russia's economy now is very bad, the rouble has been devalued， ha ha, congratulate them.

[Lethn]

in Russia Bitcoin bans RUSSIA!

[blatchcorn]