[๖ۣۜApocalypse]

Looks like Russia went ahead of China on this.

[img]http://i.xomf.com/wgzhq.png[/img]

Source:

Code

http://www.cryptocoinsnews.com/2014/01/28/breaking-news-central-bank-russian-federation-bans-bitcoin-violates-aml-legislation/

I better get my coins out of BTC-e and keep them offline.

[sNize]

just ignore this.. it doesn't change anything

[EziNet]

Litecoin is not banned anywhere so move on with LTC.

[`Xez]

Litecoin is not banned anywhere so move on with LTC.

I'm pretty sure they would ban all cryptos, not just bitcoin.

[fxcore]

Yea idd who give a fuck about banks. U can still trade your money for bitcoins and bitcoins for money. Will not affect anything.

[Karuo]

Who the fuck gives a shit? This is all BS.

[Focusal]

In Russia, BITCOINS BAN YOU!

Other than that, it is just Russia. Personally, I am waiting for North America/South America and China to legalize bitcoins as a legit currency to any store.

[Cha0]

Litecoin is not banned anywhere so move on with LTC.

it seems our presumption was correct as the press release from the Central Bank of Russia is hostile against the use of Bitcoin and other digital currencies.

"and other digital currencies."

The title of your thread is completely ridiculous by the way.

The Bank of Russia has warned that Russian legal entities providing services for exchanges of cryptocurrencies in rubles and/or foreign currencies, as well as for services and products, will be considered possibly involved in the implementation of suspicious transactions…

That's not at all the same as 'banning bitcoins'

All they did was releasing their views on cryptocurrency.

It probably does mean that people using cryptocurrencies in Russia could now considered a possible cyber criminal..

Yea idd who give a fuck about banks. U can still trade your money for bitcoins and bitcoins for money. Will not affect anything.

Of course it does... how do you plan on trading your bitcoins for money without a bank?

[Rsynced]

It doesn't matter because the banks can not control bitcoin. Screw the banks. Who wants to cash out to russian currency anyways? Thankfully US banks are smart enough to understand they can make a profit off of cryptocurrency.

[htmnilc]

It doesn't matter, infact this was exactly to be expected. It still doesn't stop people simply putting their money into bitcoins through other methods.
If Russia want to seperate themselves from what is coming in the world of Cryptocurrency's. Then that's their fault.

BitCoins will survive, as for the rest. It's not a case of worrying about the banks, it's a case of waiting to see which Cryptocurrency survives all of these tests and becomes the central crypto.

[OG Gangsta]

I forgot where is was, but it was some bank site written in Russian. It stated that the use of crypto currencys is TOO anonymous, and they have linked it with crime and terrorism. So if you use it there, you will be deemed a terrorist.

This is a wide margin to say. They stated "Bitcoins" a few times, but they made it clear that crypto currencys in general were banned.

[Viralboost.io]

I forgot where is was, but it was some bank site written in Russian. It stated that the use of crypto currencys is TOO anonymous, and they have linked it with crime and terrorism. So if you use it there, you will be deemed a terrorist.

This is a wide margin to say. They stated "Bitcoins" a few times, but they made it clear that crypto currencys in general were banned.

You ment this : http://cbr.ru/press/PR.aspx?file=27012014_1825052.htm

[HIGH PAID FELLA]

Russia doesn't matter. Later in the Netherlands (and hopefully in Belgium) you can pay in stores with Bitcoin, read that online on a dutch newspaper. (www.hln.be)

[JustHayden]

Think of these countries as buy and sell walls. Every time a central bank or Government warns or bans Bitcoin, we smash through a wall that will never erect again, losing some value each time, but the trip from wall to wall bitcoin regains it's value and eventually there won't be any walls left to decrease it's value. After the "China wall" on January 31st, Bitcoin will skyrocket to about $2k like my earlier predictions.

[Broda]

Looks like it had absolutely no effect: http://preev.com/