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Russia want completely ban Bitcoin and other cryptocurrencies



"I miss the Soviet Union, at least they respected the personal and social
freedom (but, yes, I know Stalin was a lunatic). "

I hope you don't really believe that.


On 2 August 2014 17:11, Fernando Paladini <[email protected]> wrote:

> But when they say "criminal penalty for mining and other operation", what
> they mean? I say, how can Russia know who are using Bitcoin, how can Russia
> know who are trading or mining Bitcoin?
>
> I think this image can describe the idea I want pass:
> http://news.insidebitcoins.com/sites/default/files/government-banning-bitcoin.jpg
> Am I wrong about that?
>
> I miss the Soviet Union, at least they respected the personal and social
> freedom (but, yes, I know Stalin was a lunatic).
>
>
> 2014-08-01 20:29 GMT-03:00 Troy Benjegerdes <[email protected]>:
>
> On Fri, Aug 01, 2014 at 08:10:55PM +0000, Anton Nesterov wrote:
>> > Ministry of Finance of Russia drafted a bill to ban cryptocurrencies
>> > with administrative or criminal penalty for mining and other operation.
>> > Also they want to censor bitcoin-related websites.
>> >
>> > This will come into force in 2015.
>> >
>> > http://top.rbc.ru/economics/01/08/2014/940521.shtml (in Russian)
>>
>> I don't know anything about russian politics, but US politicians draft
>> idiotic rules/legislation all the time that get dramatically changed.
>>
>> (exhibit a:
>>
>> http://blogs.wsj.com/moneybeat/2014/07/17/ny-financial-regulator-releases-draft-of-bitlicense-for-bitcoin-businesses/
>> )
>>
>> If Russia wishes to exclude themselves from the world economy, that is
>> their
>> choice, but I suspect their oligarchs will still want to hide money in
>> New York
>>
>> http://nymag.com/news/features/foreigners-hiding-money-new-york-real-estate-2014-6/
>> and they'll have to get a Bitlicense to properly launder the transaction.
>>
>> My prediction is that Bitlicense will evolve into being the much vaunted
>> 'anonymous digital cash', and you'll just need to pay the proper
>> protection fee
>> to the state of New York or they will get a bank to hold your funds for
>> ransom
>> like they are doing to Argentina's on-time debt payments.
>>
>> I also fully expect other states and nations will get into the licensed
>> cryptocoin
>> protection racket in ways that reflect their local culture and values.
>>
>> Don't mess with flyover land if you want to get insurance.
>>
>> http://www.desmoinesregister.com/story/tech/2014/05/16/des-moines-area-insurers-create-startups-haven-technology-iowa-innovation/9160921/
>>
>
>
>
> --
> Fernando Paladini
>



-- 
Pozdrawiam,
PaweÅ? Zegartowski
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