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What a ridiculous title and a story itself, absolutely ridiculous, where do they get the information from to post such bold titles. Bitcoin is NOT banned in Rus

by usaphp 13y ago

What a ridiculous title and a story itself, absolutely ridiculous, where do they get the information from to post such bold titles. Bitcoin is NOT banned in Russia, there is a warning to russians posted by central bank of Russia [1], warning is to notify people about dangers of using bitcoins, that's it! There is NO law that bans bitcoins in Russia, people are free to use if they want to, goverment is just warning you that it might be dangerouse. Like smoking cigarettes, there is no law that bans you from smoking, but the health organizations are warning you that it can be dangerous for your health. I am sick of this sort of stories which make to top of hacker news like the recent one by NBC about being "hacked" in Sochi [2] which was pathetically demolished by HN community [3] [1]: http://www.consultant.ru/document/cons_doc_LAW_158121/ http://www.consultant.ru/document/cons_doc_LAW_158121/ [2]: http://www.youtube.com/watch?v=waEeJJVZ5P8 http://www.youtube.com/watch?v=waEeJJVZ5P8 [3]: http://blog.erratasec.com/2014/02/that-nbc-story-100-fraudulent.html http://blog.erratasec.com/2014/02/that-nbc-story-100-fraudul...

nullc 13y ago
hm. the common understanding (from Russians) in Bitcoin IRC back in 2011 was that all transactions for foreign currency _and_, insane enough, all _barter_ was technically illegal in Russia, and so Bitcoin probably was too... but at the same time no one cares about those laws so it was irrelevant.
VladRussian2 13y ago
" В соответствии со ст. 27 Федерального закона «О Центральном банке Российской Федерации» «официальной денежной единицей (валютой) Российской Федерации является рубль. Введение на территории России других денежных единиц и выпуск денежных суррогатов запрещается». Получившие определенное распространение анонимные платежные системы и криптовалюты, в том числе наиболее известная из них – Биткойн, являются денежными суррогатами и не могут быть использованы гражданами и юридическими лицами. " translation: "According to the title 27 of the Federal Law "On Central Bank of Russian Federation" "the official currency of Russian Federation is rouble. Issue (introduction) of other currencies and currency surrogates on the territory of Russia is prohibited". Anonymous payment systems and cryptocurrencies, including the most popular - Bitcoin, are currency surrogates and can't be used by physical persons and corporations. " This determination - bitcoin as a currency surrogate - was made by the "expert group" consisting of high level bureaucrats from the enforcement side, ie. Central Bank, FSB, police (police in Russia is one big vertically integrated structure from local to federal level), Attorney General office.
- usaphp 13y ago
  > "the official currency of Russian Federation is rouble, Issue (introduction) of other currencies and currency surrogates is prohibited How is that different from any other country? Its a generic law that every other country has, you can't start spreading a new currency in United States as well because "official currency of United States is US Dollar". We all know what happened to a "Liberty Dollar" in United States [1]: In 2006 the U.S. Mint issued a press release stating that prosecutors at the Justice Department had determined that using Liberty Dollars as circulating money is a federal crime. The press release also stated that the "Liberty Dollars" are meant to compete with the circulating coinage (currency) of the United States and such competition consequently is a criminal act.[2] [1]: http://en.wikipedia.org/wiki/Liberty_Dollar#Federal_Government_response http://en.wikipedia.org/wiki/Liberty_Dollar#Federal_Governme... [2]: http://www.usmint.gov/pressroom/index.cfm?flash=yes&action=press_release&id=710 http://www.usmint.gov/pressroom/index.cfm?flash=yes&action=p...
  - waterlesscloud 13y ago
    You're ignoring the relevant part that is quite different from how most countries have thus far ruled on bitcoin- "Anonymous payment systems and cryptocurrencies, including the most popular - Bitcoin, are currency surrogates and can't be used by physical persons and corporations."
    - taivare 13y ago
      All your Bitcoins are's belongs to us !
  - VladRussian2 13y ago
    the difference is that Eric Holder hasn't yet made a determination that Bitcoin is a currency and thus violates the law (like they did to Liberty Dollar, etc...)
  - ripter 13y ago
    I thought you could spread a new currency in the US, but no one has to accept anything other than the official US currency. Which was the reason why things like tokens and bitcoins can exist.

by usaphp 13y ago

nullc 13y ago

hm. the common understanding (from Russians) in Bitcoin IRC back in 2011 was that all transactions for foreign currency _and_, insane enough, all _barter_ was technically illegal in Russia, and so Bitcoin probably was too... but at the same time no one cares about those laws so it was irrelevant.

VladRussian2 13y ago

" В соответствии со ст. 27 Федерального закона «О Центральном банке Российской Федерации» «официальной денежной единицей (валютой) Российской Федерации является рубль. Введение на территории России других денежных единиц и выпуск денежных суррогатов запрещается». Получившие определенное распространение анонимные платежные системы и криптовалюты, в том числе наиболее известная из них – Биткойн, являются денежными суррогатами и не могут быть использованы гражданами и юридическими лицами. " translation: "According to the title 27 of the Federal Law "On Central Bank of Russian Federation" "the official currency of Russian Federation is rouble. Issue (introduction) of other currencies and currency surrogates on the territory of Russia is prohibited". Anonymous payment systems and cryptocurrencies, including the most popular - Bitcoin, are currency surrogates and can't be used by physical persons and corporations. " This determination - bitcoin as a currency surrogate - was made by the "expert group" consisting of high level bureaucrats from the enforcement side, ie. Central Bank, FSB, police (police in Russia is one big vertically integrated structure from local to federal level), Attorney General office.

usaphp 13y ago
> "the official currency of Russian Federation is rouble, Issue (introduction) of other currencies and currency surrogates is prohibited How is that different from any other country? Its a generic law that every other country has, you can't start spreading a new currency in United States as well because "official currency of United States is US Dollar". We all know what happened to a "Liberty Dollar" in United States [1]: In 2006 the U.S. Mint issued a press release stating that prosecutors at the Justice Department had determined that using Liberty Dollars as circulating money is a federal crime. The press release also stated that the "Liberty Dollars" are meant to compete with the circulating coinage (currency) of the United States and such competition consequently is a criminal act.[2] [1]: http://en.wikipedia.org/wiki/Liberty_Dollar#Federal_Government_response http://en.wikipedia.org/wiki/Liberty_Dollar#Federal_Governme... [2]: http://www.usmint.gov/pressroom/index.cfm?flash=yes&action=press_release&id=710 http://www.usmint.gov/pressroom/index.cfm?flash=yes&action=p...
- waterlesscloud 13y ago
  You're ignoring the relevant part that is quite different from how most countries have thus far ruled on bitcoin- "Anonymous payment systems and cryptocurrencies, including the most popular - Bitcoin, are currency surrogates and can't be used by physical persons and corporations."
  - taivare 13y ago
    All your Bitcoins are's belongs to us !
- VladRussian2 13y ago
  the difference is that Eric Holder hasn't yet made a determination that Bitcoin is a currency and thus violates the law (like they did to Liberty Dollar, etc...)
- ripter 13y ago
  I thought you could spread a new currency in the US, but no one has to accept anything other than the official US currency. Which was the reason why things like tokens and bitcoins can exist.