07 Feb '14, 7pm

Russia Bans Bitcoin via @techcrunch

Russia doesn’t do things by halves — Bitcoin shouldn’t be used by individuals and legal entities according to a recent statement. If you have a Bitcoin wallet on your computer, the Government will be suspicious. The Central Bank of Russia reiterated that the official currency is the Ruble, and that it considers Bitcoin a money surrogate. That’s why the cryptocurrency should be aboided Here’s an abstract of the statement translated using Google Translation: According to Article 27 of the Federal Law “On the Central Bank of the Russian Federation (Bank of Russia)” release on the territory of the Russian Federation of surrogates is prohibited. […] The Bank of Russia has warned that Russian legal entities providing services for the exchange of “virtual currency” in rubles and foreign currency, as well as for goods (works, services) will be considered as a potential involvement...

Full article: http://techcrunch.com/2014/02/07/russia-bans-bitcoin/?nci...

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