Quote from: thend1949 on April 29, 2016, 01:43:41 PM

Quote from: alyssa85 on April 28, 2016, 02:40:16 PM

http://www.bloomberg.com/news/articles/2016-04-28/russian-law-would-send-bitcoin-users-to-jail-as-cybercriminals

Quote

Russia is planning to punish users of cryptocurrencies such as bitcoin, saying anonymous, difficult to trace transactions help kidnappers and money launderers.

The Finance Ministry in Moscow plans to submit legislation next month that would punish those who use digital currencies with fines as high as 2.5 million rubles ($38,000) and jail sentences of up to seven years. As opponents criticize such regulations as futile in the face of the growing popularity of bitcoin, Russia joins countries including Bolivia, Iceland and Vietnam in taking steps to criminalize it.

Bitcoin can be used to finance the shadow economy and crimes, and this risk we cannot allow in the Russias financial system, which we are striving to make transparent and healthy, the press service of the central bank said in an e-mail.

Oh its bad news for us. And its good in their country because they cant buy drugs in deepweb it good but its bad to others that they dont buying drugs.. Its bad to like me earning only in bitcoin

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Lol it actually doesn't stop people from buying drugs at deepweb, they use TOR browser, they bypass government ban easy way, they just need to use TAILS LINUX live CD as an OS which has already preinstalled Electrum there, this way they can still use bitcoin, they need to become a bit more tech savvy and everything will be fine.

Final word: Bitcoin cannot be banned.