Monday, October 6, 2014
Russia will probably ban Bitcon and other Cryptocurrencies
Russia's government may soon ban the use of Bitcoins and all the cryptocurrencies. It could, in part, explain the drop of the value of Bitcoin - that and one guy selling more than 15000BTC at $300... If the legislation put forward by Russia's Ministry of Finance are approved, all digital currencies would be ban, and it'll be against the law for Russians to possess Bitcoins, or any of other digital currencies.
The legislation that Russia’s Ministry of Finance wants to approve will impose a range of financial penalties on individuals and companies caught creating, generating, or using “quasi-money.” It's also expected that websites associated with Bitcoins market to be banned as well.
#BTC: 18UtAYMy8zUUanHtkbvv4MUTajA2NoprNB
#LTC: LcgtnX2JDgKZAM4kh4JDsa1h6WVTFPnzXm
Bitcoin Value Drops Below 300$ for the first time in one year!
(source) |
The principal problem of Bitcoin is yet to find a general use that will push it into the mainstream and help stabilize its price, but in recent months many retailers and online stores began to accept Bitcoins, and it's now possible to buy almost anything with bitcois; it's true that thought it is possible to buy almost anything, it's not possible to buy it anywhere. That time, I'm sure, will come. In fact, the main problem of Bitcoin is governments regulations (and even prohibitions); but since some governments accept it, others will follow.
What's your opinion? Leave it on comments.
#BTC: 18UtAYMy8zUUanHtkbvv4MUTajA2NoprNB
#LTC: LcgtnX2JDgKZAM4kh4JDsa1h6WVTFPnzXm
Also read: Price of Bitcoin Tumbles, at The New York Times.
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