Post
Topic
Board Bitcoin Discussion
Re: Russian Law Would Send Bitcoin Users to Jail as Cybercriminals
by
yuriks2000
on 29/04/2016, 20:14:33 UTC
Wow the Russian government doesn't muck about regarding Bitcoin. Do you think they will prosecute single individuals as well or this is geared towards exchanges only? Imagine if you are a tourist or a foreigner visiting relatives in Russia and get caught transacting Bitcoin on the street and boom 7 years in jail that's ridiculous. By the way what will happen to the BTC-e exchange? Aren't they based in Russia?

I have read an article about Russian government persecuting a certain online store for accepting bitcoins. In the end it was just a warning because this store did not actually accept any bitcoins, but they were just intending to.

Therefore, I think they will not persecute people transferring each other bitcoins, but rather businesses that accept them as a means of payment because they are not paying any taxes on it. But who know for sure?