Quote from: Whosdaddy on May 02, 2016, 06:50:54 AM

Quote from: ricardobs on May 01, 2016, 02:48:55 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.

But the usage of bitcoin is anonymous , how will their government know that their particular citizen is adopting bitcoin and doing transactions and other payments with it? I dont thisk that they will send to jail any of them.

But they will fail in doing that because if the Russians want to run with the world with the same pace they would have to adopt bitcoin as the current system of online business is shifting to bitcoin and those who do not have bitcoin will not have access to it.

I have already told this, Bitcoin cannot be banned , a user can bypass government restriction by using TAILS OS (Linux) which has electrum preinstalled and TOR , you can write down in a piece of paper or usb the seed of this wallet, and can restore it everytime you need to use it. So yes thats the beauty of bitcoin, it cannot be banned no matter what governments do.