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" В соответствии со ст. 27 Федерального закона «О Центральном банке Российской Федерации» «официальной денежной единицей (валютой) Российской Федерации является

" 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.
  - baddox 13y ago
    That would be a more reasonable law, but that is not the law.
    - nullc 13y ago
      Except it is the law. Liberty dollars were intentionally similar in design with US currency— any random joe would confuse them. Literature from their maker encouraged (with indirect language) people to pass them off as US dollars and they were priced to make it profitable to do so (E.g. $8 in melt value silver, sold to you for $15 with a "$20" stamped on the front). (See: http://truthalliance.net/Portals/0/Archive/images/news/2012/12/ldf_silver_large.jpg http://truthalliance.net/Portals/0/Archive/images/news/2012/... plus there are a whole _additional_ set of laws covering the minting of coins of precious metal in the US which aren't relevant for Bitcoin discussions). The counterfeiting charges in the Liberty dollar case basically went uncontested. See also: https://en.wikipedia.org/wiki/List_of_community_currencies_in_the_United_States https://en.wikipedia.org/wiki/List_of_community_currencies_i... To do otherwise rapidly runs into a mess of regulating every single private interaction people have.
pera 13y ago
source: http://www.genproc.gov.ru/smi/news/news-86432/ http://www.genproc.gov.ru/smi/news/news-86432/
mappu 13y ago
How do other foreign currencies compare to bitcoin with respect to this paragraph? Surely that doesn't mean it's correspondingly illegal to trade RUB for USD within russia, but i'm not sure what the salient difference is
- VladRussian2 13y ago
  >Surely that doesn't mean it's correspondingly illegal to trade RUB for USD within russia, but i'm not sure what the salient difference is If i remember correctly the other party must be a bank.

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.
- baddox 13y ago
  That would be a more reasonable law, but that is not the law.
  - nullc 13y ago
    Except it is the law. Liberty dollars were intentionally similar in design with US currency— any random joe would confuse them. Literature from their maker encouraged (with indirect language) people to pass them off as US dollars and they were priced to make it profitable to do so (E.g. $8 in melt value silver, sold to you for $15 with a "$20" stamped on the front). (See: http://truthalliance.net/Portals/0/Archive/images/news/2012/12/ldf_silver_large.jpg http://truthalliance.net/Portals/0/Archive/images/news/2012/... plus there are a whole _additional_ set of laws covering the minting of coins of precious metal in the US which aren't relevant for Bitcoin discussions). The counterfeiting charges in the Liberty dollar case basically went uncontested. See also: https://en.wikipedia.org/wiki/List_of_community_currencies_in_the_United_States https://en.wikipedia.org/wiki/List_of_community_currencies_i... To do otherwise rapidly runs into a mess of regulating every single private interaction people have.

pera 13y ago

source: http://www.genproc.gov.ru/smi/news/news-86432/ http://www.genproc.gov.ru/smi/news/news-86432/

mappu 13y ago

How do other foreign currencies compare to bitcoin with respect to this paragraph? Surely that doesn't mean it's correspondingly illegal to trade RUB for USD within russia, but i'm not sure what the salient difference is

VladRussian2 13y ago
>Surely that doesn't mean it's correspondingly illegal to trade RUB for USD within russia, but i'm not sure what the salient difference is If i remember correctly the other party must be a bank.