Bitcoin Forum
October 15, 2018, 08:37:17 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Russia's Ministry of Economic Development criticises bitcoin ban  (Read 888 times)
pawel7777
Legendary
*
Offline Offline

Activity: 1708
Merit: 1078


We're all gonna make it


View Profile WWW
December 29, 2014, 09:12:34 PM
 #1

Change of heart in Russia?

Is it possible they re-thinking their approach to cryptos and will eventually allow them?

Quote
Russia's Ministry of Economic Development has criticised a proposed ban on "cash equivalents", according to a report.

The ministry said that legislation aimed at banning cash equivalents, including digital currencies like bitcoin, could have negative effects on retailers, telecom operators and banks.

Specifically, some provisions of the bill could create excessive restrictions and obligations, creating unreasonable costs for businesses, it said. The ministry therefore asked that the bill be reworked and resubmitted for further consideration.

The bill in question was drafted earlier this year by the Russian Ministry of Finance, and would prevent the issuance of digital currencies and all operations involving digital currencies – effectively placing a ban on the fledgling technology.

http://www.coindesk.com/russian-ministry-criticises-draft-bill-banning-bitcoin/

Also:

https://www.cryptocoinsnews.com/russia-reconsidering-bitcoin-ban-2015/

1539635837
Hero Member
*
Offline Offline

Posts: 1539635837

View Profile Personal Message (Offline)

Ignore
1539635837
Reply with quote  #2

1539635837
Report to moderator
1539635837
Hero Member
*
Offline Offline

Posts: 1539635837

View Profile Personal Message (Offline)

Ignore
1539635837
Reply with quote  #2

1539635837
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1539635837
Hero Member
*
Offline Offline

Posts: 1539635837

View Profile Personal Message (Offline)

Ignore
1539635837
Reply with quote  #2

1539635837
Report to moderator
coa032
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500


View Profile
December 29, 2014, 09:18:01 PM
 #2

Would be good if they changed their mind. We really need some official positive news from Russian gov about digital currencies.
newIndia
Legendary
*
Offline Offline

Activity: 1498
Merit: 1011


View Profile
December 29, 2014, 09:23:45 PM
 #3

After China and India, is it turn for Russia ?

Looks like the wheel is moving... Smiley

As a member of BitcoinTalk, you are surrounded by legends; phenomenal successes and catastrophic failures. The forum was created by Satoshi Nakamoto and saw the first exchange, the first altcoin, and the first ICO, but also catastrophic software flaws, massive thefts, and incredible scams. You too have an opportunity to become part of the forum's history: whether and in what way you do so is up to you.
bitcoinmining
Sr. Member
****
Offline Offline

Activity: 381
Merit: 250



View Profile
December 29, 2014, 09:29:35 PM
 #4

It's time for Russia to think about it. They have a huge potential; it's not just economical potential, also they have technical potential for next generation Bitcoin technologies.
pawel7777
Legendary
*
Offline Offline

Activity: 1708
Merit: 1078


We're all gonna make it


View Profile WWW
December 29, 2014, 09:30:36 PM
 #5

Would be good if they changed their mind. We really need some official positive news from Russian gov about digital currencies.

It actually may happen. I don't think that any Russian ministry would just jump out and go against official government's stance. Seems like they're preparing the field for the government to re-consider the ban.

Maybe they figured out that cryptos can have positive effect on their economy and/or help stabilise Rubble.

Hope I'm not over-optimistic here.

H.W.Z
Hero Member
*****
Offline Offline

Activity: 580
Merit: 500



View Profile
December 30, 2014, 08:31:57 AM
 #6

I don't think it is easy! Their currency is high inflation! All of ppl there are looking for the way of storing value. If they allow bitcoin, probably the rupee will further clash. No regulators there want to see this happen!

BIT-Sharon
Sr. Member
****
Offline Offline

Activity: 266
Merit: 250


View Profile
December 30, 2014, 09:17:46 AM
 #7

The Rupee is so low now that bitcoin is still the value it is. I think it is a good way to keep bitcoin in Russia. Russia always support bitcoin, for someone says that the creator of bitcoin comes from Russia, but not Japan. Tongue
pawel7777
Legendary
*
Offline Offline

Activity: 1708
Merit: 1078


We're all gonna make it


View Profile WWW
December 30, 2014, 10:22:38 AM
 #8

I don't think it is easy! Their currency is high inflation! All of ppl there are looking for the way of storing value. If they allow bitcoin, probably the rupee will further clash. No regulators there want to see this happen!

It's Ruble not Rupee.

And technically, if they created friendly regulations, allowed exchanges, mining and all the other BTC accepting businesses, it could result in net money inflow to Russia.

yrask
Full Member
***
Offline Offline

Activity: 153
Merit: 100


View Profile
December 30, 2014, 10:29:00 AM
 #9

Hope that Russia will change its decision about Bitcoin and approve this in way to change the Bitcoin economy that now is so much boring (too many low volume).

BTCXE
Member
**
Offline Offline

Activity: 69
Merit: 10


View Profile WWW
December 30, 2014, 12:17:12 PM
 #10

not exactly sure whether it's because they want to reconsider Cryptocurrencies, or because the initial wording of the legislation was so daft and vague that it covered anything from vouchers, giftcards and coupons. My guess is given the russian government's preference for tight control is that Bitcoin supporters shouldnt get their hopes up

BTCXE.com  - The simple bitcoin converter
ticoti
Hero Member
*****
Offline Offline

Activity: 840
Merit: 1000


View Profile WWW
December 30, 2014, 12:51:37 PM
 #11

so, who did ban bitcoin in russia? its president?

If ministry of economic wants bitcoin, shouldn't be he the one who unban it?

bitllionaire
Legendary
*
Offline Offline

Activity: 1106
Merit: 1000



View Profile
December 30, 2014, 12:52:56 PM
 #12

I hope they stop banning it soon

it is like setting doors in the open field

███▄                 ▄███           ▄▄███▀▀█▄▄                   ▄▄█████▄▄           ███▄               ███    ▀██▄             ▄██▀
█████               ▄████       ▄▄████▄█ ██ ████▄▄           ▄▄████▀▀▀▀▀████▄▄       █████              ███      ███           ███
██████             ██████      ▀▀██▄█████▄▄███▄█▀▀▀         ███▀▀         ▀▀███      ███▀██▄            ███       ▀██▄       ▄██▀
███▀███▄         ▄██▀ ███     ███▄▀███▀████████ ████       ███               ███     ███  ███           ███         ███     ███
███  ▀███       ███▀  ███    █████ █████████  █▄▀▀▀▄█     ███                 ███    ███   ▀██▄         ███          ▀██▄ ▄██▀
███    ███▄   ▄███    ███   ▀████▀▄██████▀█████████▀██   ███                   ███   ███     ███        ███            ▀███▀
███     ▀███▄███▀     ███   █▄▄▄▄███  ████████▀███████   ███                   ███   ███      ▀██▄      ███            █████
███       █████       ███   ██▀██████████▀████████████   ███                   ███   ███        ███     ███           ██▀ ▀██
███        ▀█▀        ███    ███████▀████████▀▀▀███▄█     ███                 ███    ███         ▀██▄   ███         ▄██▀   ▀██▄
███                   ███
     █  █▀█████████ ███ ███       ███               ███     ███           ███  ███        ██▀       ▀██
███                   ███
      █████▀▄▄▀█▄██▄▀▀▀▄██         ███▄▄         ▄▄███      ███            ▀██▄███      ▄██▀         ▀██▄
███                   ███
       ▀▀██▄▀▀▄███▀████▀▀           ▀▀████▄▄▄▄▄████▀▀       ███              █████     ███             ███
███                   ███
           ▀▀██████▀▀                   ▀▀█████▀▀           ███               ▀███   ▄██▀               ▀██▄
.
.TRADE, EARN & OWN THE EXCHANGE
.████   WHITEPAPER    FACEBOOK    TWITTER    LINKEDIN    TELEGRAM    CRUNCHBASE   ████
   FREE   TRADING &
ICO LISTING
.SUPERIOR  TO NASDAQ
AND LSE
  US$ 29M  RAISED IN
2 WEEKS
[]
Guido
Legendary
*
Offline Offline

Activity: 1056
Merit: 1001


View Profile
December 30, 2014, 01:00:28 PM
 #13

not exactly sure whether it's because they want to reconsider Cryptocurrencies, or because the initial wording of the legislation was so daft and vague that it covered anything from vouchers, giftcards and coupons. My guess is given the russian government's preference for tight control is that Bitcoin supporters shouldnt get their hopes up

yes, that's how I read it

all countries cock-up when they introduce legislation without thinking it through properly and slam people who question it as liberals.

how's the patriot act working out for ordinary americans?
how's your constitution?
botany
Legendary
*
Offline Offline

Activity: 1554
Merit: 1060


View Profile
January 01, 2015, 06:32:14 AM
 #14

not exactly sure whether it's because they want to reconsider Cryptocurrencies, or because the initial wording of the legislation was so daft and vague that it covered anything from vouchers, giftcards and coupons. My guess is given the russian government's preference for tight control is that Bitcoin supporters shouldnt get their hopes up

Yes, the reason given for opposing the ban is its impact on Russian companies. So I guess it will be redrafted to exclude vouchers and coupons.
Garriah
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
January 01, 2015, 02:36:03 PM
 #15

RT.com and Russia today regularly promote bitcoin on their international english langauage news channels - it seems they have a different stance to it in their own country.
cyberpinoy
Hero Member
*****
Offline Offline

Activity: 854
Merit: 500



View Profile
January 01, 2015, 02:45:26 PM
 #16

The bill in question was drafted earlier this year by the Russian Ministry of Finance, and would prevent the issuance of digital currencies and all operations involving digital currencies – effectively placing a ban on the fledgling technology.

I think this would impede on a lot of online activities. Gaming that uses any kind of in game currency that can be purchased using cash or credit card. Those new Amazon coins would be prohibited here. A lot of gambling sites that use "Chips" where the chips are purchased using cash or credit card. Facebook would be illegal there because of thier Face Book Credit system they use. There would be a lot of things that when you break it down the site and business operate using a form of virtual currency ( not necessary a crypto coin).


Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!