Re: Putin Advisor: Accepting Bitcoin Payments in Russia is a Crime
The Russian Government forbids and criminalizes bitcoin every year...
Actually no, it's just being hashed out, pardon the pun
firstly the bill is a draft.
secondly its about issuing any form of money without registering as a money business.
thirdly its not criminal (prison) its civil (fine)
citizens accepting funds for own use wont get fined.
but if found exchanging it multiple times(as a private broker/dealer) without being registered will be fined $250-$500 plus said bitcoins linked to the private broker confiscated.
small businesses accepting funds for own use wont get fined. but if found exchanging it in their small business will be fined $650-$900 plus said bitcoins linked to the small business confiscated.
large businesses.. blah blah.. $1000-$1300 fine plus coins confiscated
best analogy i can compare it to..
drugs
if your just buying it for personal use and only caught once. nothing will happen. but if your an unlicenced medication dispenser(dealer).. expect a fine.
secondly its about issuing any form of money without registering as a money business.
thirdly its not criminal (prison) its civil (fine)
citizens accepting funds for own use wont get fined.
but if found exchanging it multiple times(as a private broker/dealer) without being registered will be fined $250-$500 plus said bitcoins linked to the private broker confiscated.
small businesses accepting funds for own use wont get fined. but if found exchanging it in their small business will be fined $650-$900 plus said bitcoins linked to the small business confiscated.
large businesses.. blah blah.. $1000-$1300 fine plus coins confiscated
best analogy i can compare it to..
drugs
if your just buying it for personal use and only caught once. nothing will happen. but if your an unlicenced medication dispenser(dealer).. expect a fine.
Well no, crime, with possible JAIL TIME.
"Bitcoin is not the first one, there are other settlement means. Accepting bitcoin as a payment for anything is unacceptable because it is a crime.""
https://www.cryptocoinsnews.com/russian-finance-ministry-proposes-a-2-year-prison-sentence-for-bitcoin-adopters/
According to a report, the Russian Finance Ministry is seeking to push for amendments to the Criminal Code by proposing two-year corrective labor sentence, or a fine of up to 500,000 rubles for bitcoin users.
The Russian Interior and Finance Ministries see cryptocurrencies as a threat to not only the Russian economy, but also its national security.
Corrective labor colonies are among the most common types of prisons in Russia. They are a combination of penal detention and forced labor.
According to a report, the Russian Finance Ministry is seeking to push for amendments to the Criminal Code by proposing two-year corrective labor sentence, or a fine of up to 500,000 rubles for bitcoin users.
The Russian Interior and Finance Ministries see cryptocurrencies as a threat to not only the Russian economy, but also its national security.
Corrective labor colonies are among the most common types of prisons in Russia. They are a combination of penal detention and forced labor.
Been brewing for awhile...
Bitstamp Bans Access from Russia "Temporarily"
"Russian users of popular Bitcoin exchange Bitstamp are struggling to gain access to their trading accounts, due to the companys decision to temporarily [Hahahahaha -ed] block access from all Russian IP addresses. According to the database of FSSCIM, as of January 18, 2016, Bitstamp is granted full access and there are no pending attempts to restrict access to the site."
It begun!
"Russian users of popular Bitcoin exchange Bitstamp are struggling to gain access to their trading accounts, due to the companys decision to temporarily [Hahahahaha -ed] block access from all Russian IP addresses. According to the database of FSSCIM, as of January 18, 2016, Bitstamp is granted full access and there are no pending attempts to restrict access to the site."
To ensure compliance with the new regulatory regime, protect affiliate service providers, and most importantly protect our valued customers in Russia Bitstamp has decided to temporarily block access to its website from Russian IP addresses until we can assess the situation with more clarity.
It begun!
Russian Bear Fed Up With Bitcoin Bullshit
Russia's Ministry of Finance has developed a new version of its proposed law that would seek to both outlaw and apply criminal penalties for activities involving digital currencies, according to a report by Russian news source Interfax.
Citing sources from within the Russian government, Interfax reports that acquiring, selling and distributing cryptocurrencies would be punishable with fines of 300,000 rubles ($4,574) or through up to 360 hours of correctional labor under the new bill.
Should such infractions be committed by an agency or group, the fines for such activities would increase to 500,000 rubles ($7,623).
Citing sources from within the Russian government, Interfax reports that acquiring, selling and distributing cryptocurrencies would be punishable with fines of 300,000 rubles ($4,574) or through up to 360 hours of correctional labor under the new bill.
Should such infractions be committed by an agency or group, the fines for such activities would increase to 500,000 rubles ($7,623).