07 Feb '14, 12am

#Bitcoin

#Bitcoin

Bitcoins cannot be used in Russia - Prosecutor General’s Office Published time: February 07, 2014 00:48 Get short URL Reuters / Jim Urquhart Tags Banking , Bitcoin , Currencies , Economy , Russia , Russian economy The use of bitcoins and other cryptocurrencies carries the risk of violating citizens’ property rights and cannot be used in Russia, the country’s Prosecutor General's Office concluded after meeting with the Central Bank, FSB, and Interior Ministry. “The monitoring of the use of virtual currencies shows an increasing interest in them, including for the purpose of money laundering, profit obtained through illegal means,” ITAR-TASS quoted the Prosecutor General’s Office as saying. “Russia’s official currency is the ruble. The introduction of other types of currencies and the issue of money surrogates are banned,” the statement says, meaning that cryptocurrencies - ...

Full article: http://rt.com/business/bitcoin-russia-use-ban-942/

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Russia Outlaws Bitcoin

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