Post
Topic
Board Bitcoin Discussion
Re: Russian Law Would Send Bitcoin Users to Jail as Cybercriminals
by
alyssa85
on 01/05/2016, 15:16:36 UTC
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 Russia’s financial system, which we are striving to make transparent and healthy,” the press service of the central bank said in an e-mail.
should i believe this?i mean if this is really happen in russia,would people from russia in this forum gone?or exchange from russia also closed?
in other side i'm happy because some people mentioned russian is scammers,but i'm not sure with that.

I guess we'll find out this month whether the legislation actually goes through the Russian parliament. Bloomberg is pretty reliable - they would have fact checked before they ran the story.