But when they say "criminal penalty for mining and other operation", what they mean? I say, how can Russia know who are using Bitcoin, how can Russia know who are trading or mining Bitcoin?
I think this image can describe the idea I want pass: http://news.insidebitcoins.com/sites/default/files/government-banning-bitcoin.jpg Am I wrong about that? I miss the Soviet Union, at least they respected the personal and social freedom (but, yes, I know Stalin was a lunatic). 2014-08-01 20:29 GMT-03:00 Troy Benjegerdes <[email protected]>: > On Fri, Aug 01, 2014 at 08:10:55PM +0000, Anton Nesterov wrote: > > Ministry of Finance of Russia drafted a bill to ban cryptocurrencies > > with administrative or criminal penalty for mining and other operation. > > Also they want to censor bitcoin-related websites. > > > > This will come into force in 2015. > > > > http://top.rbc.ru/economics/01/08/2014/940521.shtml (in Russian) > > I don't know anything about russian politics, but US politicians draft > idiotic rules/legislation all the time that get dramatically changed. > > (exhibit a: > > http://blogs.wsj.com/moneybeat/2014/07/17/ny-financial-regulator-releases-draft-of-bitlicense-for-bitcoin-businesses/ > ) > > If Russia wishes to exclude themselves from the world economy, that is > their > choice, but I suspect their oligarchs will still want to hide money in New > York > > http://nymag.com/news/features/foreigners-hiding-money-new-york-real-estate-2014-6/ > and they'll have to get a Bitlicense to properly launder the transaction. > > My prediction is that Bitlicense will evolve into being the much vaunted > 'anonymous digital cash', and you'll just need to pay the proper > protection fee > to the state of New York or they will get a bank to hold your funds for > ransom > like they are doing to Argentina's on-time debt payments. > > I also fully expect other states and nations will get into the licensed > cryptocoin > protection racket in ways that reflect their local culture and values. > > Don't mess with flyover land if you want to get insurance. > > http://www.desmoinesregister.com/story/tech/2014/05/16/des-moines-area-insurers-create-startups-haven-technology-iowa-innovation/9160921/ > -- Fernando Paladini
