30 Aug '17, 3am

Russia Backpedals On Bitcoin - Unveils Plan To Ban Cryptocurrency Sales To "Ordinary People"

Sad thing as always here, is that people are ignorant of how Bitcoin works. Saying that Bitcoin can only be traded on a stock exchange is about as ridiculous as it comes. How do they propose to prevent people from buying it outside of the stock exchanges? You can make any regulation you like as a government, that doesn't mean you can enforce it. China, Singapore, the Seychelles, all have exchanges that don't have to abide by Russian, or American, or any other laws, except those of the jurisdiction within which they operate. How are they going to prevent people from using personal wallets and purchasing directly from each other? Good luck with this, sounds like fear mongering to me.

Full article: http://www.zerohedge.com/news/2017-08-29/russia-backpedal...

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