So, if and when Russia bans Bitcoin, what can the value drop be predicted to be?
I've read the news saying that Russia wants to ban Bitcoin next year. I just recently got into it and seeing the value of BTC being over $100 is really great. Will we see a value drop like we did when China banned them?
Russia bans Bitcoin - penalty 50,000 rubles (US$1,260) for individuals
Russia’s Ministry of Finance has put forward what many were expecting yet also unable to believe: a ban on the use of digital currency, and the implementation of fines as an appropriate deterrent. Local media outlet Lenta.ru reports that the regulator, which has been debating the issue of a Russian ban for some time, will officially issue legislation to be made public in due course. It is expected to include penalties for the use and creation of methods of generating cryptocurrencies, specifically 50,000 rubles (US$1,260) for individuals, 100,000 rubles (US$2,507) for officials and up to one million rubles (US$25,200) for businesses. “Similar penalties may be established for individuals and companies who deliberately spread information that allows issuing money substitutes or transactions with them,” Lenta reports. While web money services and gaming will not be affected, sources say that use of currencies “with independent emission centers” will be subject to the ban. The announcement indeed seems gloomy, but it remains to be seen how a government can successfully track use of cryptocurrency and attach a payment to its owner. The country has seen warnings on the questionable legality of Bitcoin in particular before, and the legislation is presumably intended to formalize a regulatory stance on the matter.
Russia ban bitcoin sites again, after Russian Court Discharges January Blocking
So Russian Bitcoin internet resource was blocked a few hours ago. Bitnovosti.com has fallen another victim to Roskomnadzor. According to social media posts, the resource is unavailable in Russia. When trying to access the site with a Russian IP it returns a notice as follows. source russian: http://forklog.com/v-rossii-snova-blokiruyut-sajty-pro-bitkoin/
Bitcoin skeptic Vladimir Putin plans to criminalize the use of cryptocurrencies as money substitutes in Russia. Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services. Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third and final reading. You want the latest news about Crypto? Then follow us on Google News! It had already won backing from senior lawmkers like ... Russia's coming bitcoin and crypto trading ban was seen as all but inevitable by some cryptocurrency regulation experts. "Representatives of the Russian central bank have repeatedly voiced their ... Russia bans bitcoins. By Maxim Lott, Fox News. Facebook; Twitter; Flipboard; Comments; Print; Email; April 3, 2013: Bitcoin tokens at 35-year-old software engineer Mike Caldwell's shop in Sandy ... Russia Bans Bitcoin: 5 Fast Facts You Need to Know Share on Facebook Share on Twitter Share via E-mail More share options Share on Pinterest Share on Flipboard Share on Reddit Share on WhatsApp 0 ...
BITCOIN'S EXTREME MOVE TO $3K! BE READY! WTF? RUSSIA BANS CRYPTO! US STOCK MARKET COLLAPSE COMING?
Russian president Vladimir Putin said in a meeting today that cryptocurrencies pose significant risks related fraud and money laundering. Quoted by Russian state news service TASS, Putin was ... 🚀 Join the BEST trading group on YouTube! 🚀 https://www.patreon.com/cryptobitcoinchris 🚀 Crypto Payments Accepted! 6 month min. HUGE Crypto Discounts: 20% to... The Gentleman of Crypto is a daily live broadcast that explores Bitcoin and cryptocurrency market. We discuss international topics, news updates, and future ... Russia taking drastic steps to Ban Bitcoin. In this episode we discuss the situation and talk about Bitcoin Price. WATCH LIVE DAILY: https://ivanontech.com... DEPRESSION COULD BE NEXT IN THE US - ILLINOIS BILL - RUSSIA BANS CRYPTO - BITCOIN HEADING TO $3000 - Duration: 10:29. CryptoWendyO 490 views. 10:29. Ray Dalio on the Economy, Pandemic, China's ...