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Author Topic: Russia Lowering BTC-related Penalties  (Read 2068 times)
OhMyCoin
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November 11, 2014, 02:38:49 PM
 #1

http://www.coindesk.com/russia-lowers-proposed-penalties-bitcoin-activities/

I'm really wondering what they are up to this time.

Russia's been known for banning stuff and penalising people for a range of activities..
Now they are lowering the penalties for promoting BTC and conducting activities using BTC.

So my question is, what all this could mean? Can it be that Russia is taking slow steps to acknowledging bitcoin? This could be related to their overall economic situation, from what I've seen in comments elsewhere. Otherwise, I don't see a point of making the legislative changes.

Anyone has any thoughts on this?
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Meuh6879
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November 11, 2014, 02:41:57 PM
 #2

with -30% in 1 year (from the USD) ... you can understand why they don't want Bitcoin.  Roll Eyes



 Grin but they have wrong.


replace Rubble with bitcoin ... and +500%  Shocked Cheesy (and stable monetary, and stable system against bad US).
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November 11, 2014, 02:50:14 PM
 #3

with -30% in 1 year (from the USD) ... you can understand why they don't want Bitcoin.  Roll Eyes



 Grin but they have wrong.


replace Rubble with bitcoin ... and +500%  Shocked Cheesy (and stable monetary, and stable system against bad US).

This alas no gov wants to give up the ability to print money to fund wars.
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November 11, 2014, 02:53:15 PM
 #4

the problem is ... they loose all value over the decade.
even if they have the ability to "play" with flux.

i don't understand that.
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November 11, 2014, 02:58:23 PM
 #5

What a clusterfuck that country is lol

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November 11, 2014, 02:58:45 PM
 #6

The U.S. and the U.K. joined the European Union in threatening to tighten sanctions against Russia, that will prevent Russia economy from growing next year.
Oil Price is down and sanctions from Europe Union and US will hurt Russia.

So maybe this was the first step Russia will accept Bitcoin ?

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OhMyCoin
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November 11, 2014, 04:04:57 PM
 #7


This alas no gov wants to give up the ability to print money to fund wars.

I think that's why all the penalties (even for promoting BTC-related information!) were there in the first place.

But now they're reducing those fees (not much though).
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November 11, 2014, 04:18:09 PM
 #8

Russia has other problems and prioritis right now. Actually think this may have slipped below the kremlins radar. Expect further changes in the future...

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November 11, 2014, 04:25:18 PM
 #9

The U.S. and the U.K. joined the European Union in threatening to tighten sanctions against Russia, that will prevent Russia economy from growing next year.
Oil Price is down and sanctions from Europe Union and US will hurt Russia.

So maybe this was the first step Russia will accept Bitcoin ?

That's what i think too.. they just wanna do it sneaky.. We'll see more new from Russia and Bitcoin soon i guess..

Buy this space!
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November 11, 2014, 05:20:37 PM
 #10

The U.S. and the U.K. joined the European Union in threatening to tighten sanctions against Russia, that will prevent Russia economy from growing next year.
Oil Price is down and sanctions from Europe Union and US will hurt Russia.

So maybe this was the first step Russia will accept Bitcoin ?
I would doubt this. Russia still has the ability to receive money from selling their oil/other exports, it is just more difficult/expensive for them to do so without access to european/US banking system. Russia accepting bitcoin for their exports would also make it so they have much less control over their economy which is not something they want
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November 20, 2014, 09:02:18 AM
 #11

With so much publicity in Europe and America, They too need to acknowledge Bitcoins in one form or other as their market is related. Plus There's a rumor that close affiliates of Putin have started a large cryptocoin mining project to catch on with Other nations as they still believe a  large potion of Bitcoin is held by USA which they can use to manipulate the prices.

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TaunSew
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November 20, 2014, 02:22:11 PM
 #12

BRB,
issues law with intent of cracking down on capital flight
BRB
changes new law so only poor Russians can't buy Bitcoin but rich and middle class Russians can buy as much as they want as long as they pay the penalty fee.

Stay classy Russia   Roll Eyes    Peasants get to use the toilet paper money but the rich get to use Bitcoin.   Cool

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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