You can expect this from very left wing oriented countries. Such as Russia, Vietnam and very very maybe China. I wonder whether some Russian fellow coould translate the original propose to english so we could see how bad it is.

if your russian and in fear. dont worry.

just register as money transmitter business..

stop getting scared and spreading fud from a media outlet who quotes a media outlet who quotes "someone".
read the source material.

its only illegal if your using it for guns, drugs porn etc. (no matter what currency it is)

its only illegal to create and exchange funds if your not a money transmitter.(no matter what currency it is)
the new rules are just expanding on the money transmitter laws to include bitcoin..

even exchanging 'payment cards' (pre-paid debit cards) is illegal without a money transmitter registration. so its not saying bitcoin is bad, its not saying visa debitcards are bad. its not even saying running a westernunion style business is bad.. but if you are not registered. then expect a fine if your an individual and expect a fine, ifyou a large corporation then expect big fine or jail time.

so register as a money transmitter.

and relax you wont be fined just for using bitcoin to buy a coffee

have you even read the actual draft? its been a month.. or are you still stuck just reading the date??

by the way selling coffee is not the same as being western union.
selling coffee is not the same as the blackmarket sell of prepaid debit cards holding dollars

selling coffee is not the same as being a 'bureau de change' (currency exchange)

please i beg of you stop reading the news and read the actual source documents. i thought after a month you would have tried to, even as an intention to find some valuable sentance in the real document that debunks mine. but instead all you can quote is a media, quoting a media, quoting a media. where even the video you tried to use as your source seen the guy actually talk about bitcoin positively.

and all you could do is point to the caption saying look here is the word bitcoin.. and thats it. no transcript of him saying holding bitcoin is illegal. no transcript of him being completely negative about it.

i even told you what he said, because he was joking saying
"went to an ATM, withdrew some bank notes and put 5000 rubles into his pocket. that no one, not even NATO can trace those bank notes. but with bitcoin every transaction is locked into history"

also if you knew russian you would know he is saying
"electronic money like bitcoin is very interesting,"

so please try to read the source. it will help you out. really. it would

in short the video is not a "dont do bitcoins" style of video. so it holds no substance to be used as a debunk.
th actual draft documents talk about people not registering data will get a civil fine if individual/small business.. or if large institution doing illegal stuff then expect largest fine or prison.

again please read th source material not the dramaqueen script media produces

Russian government is being as stupid and immature as usual, They are literally preventing there people from a decent investment just because they are afraid from a real market for there currency real value...

that's what i thought.
i have stopped believing in crap cryptocoinsnews.com spreads a long time ago.
they are just twisting every bitcoin related news and add lots of FUD and then put it up.

it is simply for more traffic to their crappy website.

Yes to everything.  Seems like FUD from cryptonews and Russia should clarify where it stands. If they are going this direction then that is sad as bitcoin will be good for the globe.

Perhaps it's a language problem, so I'll explain: Jackbooted thugs may embrace chemistry blockchain, the technology behind meth labs Bitcoin, without embracing meth labs themselves Bitcoin itself.

Hope I've clarified things a bit

Are you a registered money transmitter?
Do you understand what is involved in becoming a money transmitter?
No idea what's involved in Russia, but here, in the States, it begins with:
-- https://en.wikipedia.org/wiki/Money_transmitter
Something tells me that people are not going to put down $1 million, or even $25k, for the privilege of using Bitcoin, but that's just me.

No. That's the OLD proposed penalties, Franky. Those aren't news. The news is that
-- http://www.coindesk.com/report-russia-to-propose-7-year-prison-sentences-for-digital-currency-issuers/
If your claim held any water, the headline would read
"BREAKING: Russian Finance Ministry tightened did absolutely nothing about the penalties it proposed last January.
More news about shit that didn't change at 11."

But kudos for drawing me in.

no,
coindesk is paraphrasing another media outlet Interfax, who supposedly spoke to "someone" close to the minfin. who proposes to make the punishments for code 187 even stricter.

it does not say that its law. and yes i showed the old code which was just a labour camp for 1-2 years. but in th last month there have been several IDEA's of new punishment.

but the punishments are irrelevant to your rhetoric. because it applies to money transmitters.. not money users.

EG exchanges NOT coffee shops.

basically if you own a coffee shape you are ok, but if your a localbitcoins trader going over the threshold that classes you as a money transmitter business (rather than small swaps as a hobby). then you need to register as such.

even in american law you are not classed as a money transmitter if your just doing occassional small swaps. but if your doing it for larger amounts and professionally. then you become a money transmitter.

its the same for russia and europe and even china. basically most developed countries,

but anyway your in america so relax

Prisons can't handles the volume of bitcoins.