Post
Topic
Board Economics
Re: Russia warns against using bitcoins
by
Ban Curtain
on 28/01/2014, 06:28:39 UTC
LOL. 15 Russian banks have just collapsed with almost-complete deposit losses, their deposit insurance fund is empty, but they are warning people against the use of bitcoin.

The second most ridiculous statement about bitcoin after Cyprus central bank Smiley


Do you have more info on that?

Got this news from one of my contractors who lives in russia. I asked him to send me the complete list of sources and will post it soon.

It's 3 medium banks and 12 small banks that were crashed. More banks collapses are coming soon as insurance fund was depleted to partially cover deposits from the first 3 banks.

That was published in their regional press in multiple small articles. For obvious reasons they don't publish it at once at prime time. I wonder why western media still is not aware of this issue.

I'm surprised that Russians are still keeping their money in banks. Don't they remember how it was in 1998 when almost all the russian banks crashed with complete loss of deposits?


I can confirm that russia's economics in a big trouble now and in near future problems will continue to grow (thanks to russian politics, who too rude to read Ayn Rand "Atlas Shrugged").

Yesterday RUB/USD rate hit historical minimum in last 3 years (http://kurs-evro.com/kurs_rublya/), Demand in dollars from householders have grown in 3.5 times (demand in Euro growed with 50%) in last week.

In last 3 month there was closed about twenty banks (due to cancellation of licenses).

And big money outflow from country forces them to continue repressive monetary politics including creation of obstacles in bitcoins circulation and produce restrictions in any online anonymous payments (they try to make restrictions not only for bitcoins but for anything which can be used for terrorism financing ;-) ).