07 Feb '14, 8pm

Russia bans bitcoins

If you’re going to the Sochi Olympics in Russia, don’t bring bitcoins. Yesterday the Russian Prosecutor General’s office released a statement that clearly prohibits Russians from using the new digital currency. “Bitcoin is a money substitute and cannot be used by citizens and legal entities,” the agency’s press release reads. The Russian law enforcement agency cited an existing 2002 law signed by Russian President Vladimir Putin that reads, “the official currency of the Russian Federation is the ruble. Introduction of other monetary units and money substitutes is prohibited.” But supporters of bitcoin -- a virtual currency unconnected to any country that has no physical form in paper or coin -- say the Russian ban will only hurt Russian entrepreneurs and consumers. 'Russia's loss is everyone else's gain.' - Jinyoung Lee Englund, spokesman for the non-profit Bitcoin Foundat...

Full article: http://www.foxnews.com/tech/2014/02/07/russia-bans-bitcoin/

Tweets

Russia Bans Bitcoin

techcrunch.com 07 Feb '14, 7pm

Russia doesn’t do things by halves — Bitcoin can no longer be used by individuals and legal entities anymore. If you have ...

Russia Bans Bitcoin via @techcrunch

techcrunch.com 07 Feb '14, 7pm

Russia doesn’t do things by halves — Bitcoin shouldn’t be used by individuals and legal entities according to a recent sta...

Russia Outlaws Bitcoin

Russia Outlaws Bitcoin

mashable.com 07 Feb '14, 8pm

Russia's Prosecutor General has declared use of bitcoin illegal in the country, charging that the currency is used for mon...

Russia bans Bitcoin, labels it a “money substitute”: In another hectic week for the virtual currency, the Cent...

Russia bans Bitcoin, labels it a “money substit...

digitaltrends.com 08 Feb '14, 12pm

You have to feel sorry for Bitcoin users trying to keep up with their favorite cryptocurrency, as every week its fortunes ...

Good to read how Russia is harnessing solar pow...

pv-magazine.com 08 Feb '14, 6am

Future of solar bright in Russia 03. February 2014 | Global PV markets , Industry & Suppliers , Markets & Trends | By: Lin...

Interesting point -- say what you will about Bitcoin, it's actually cryptographically hard to counterfei…

Interesting point -- say what you will about Bi...

indolering.com 09 Feb '14, 4am

Which, if you already have an NFC phone, lowers the cost of a verification device to $0. Add-on the efficiencies of mass p...

Russia bans Bitcoin as 'money substitute'

theverge.com 09 Feb '14, 5pm

"Citizens and legal entities risk being drawn — even unintentionally — into illegal activity, including laundering of mone...

Russian authorities say Bitcoin illegal

reuters.com 09 Feb '14, 9am

MOSCOW (Reuters) - Russian authorities have issued warnings against using Bitcoin, saying the virtual currency could be us...

#Bitcoin

#Bitcoin

rt.com 07 Feb '14, 12am

Bitcoins cannot be used in Russia - Prosecutor General’s Office Published time: February 07, 2014 00:48 Get short URL Reut...

Russia locks up enviros who criticized Olympic construction

Russia locks up enviros who criticized Olympic ...

grist.org 07 Feb '14, 4pm

Shutterstock / Mikhail Kolesnikov Yevgeny Vitishko is missing today’s Winter Olympics opening ceremony. Olympics ceremonie...

Apple bans final bitcoin wallet from App Store

Apple bans final bitcoin wallet from App Store

telegraph.co.uk 06 Feb '14, 10am

The post complains that “the rebels no longer run the show at Apple Inc, the beancounters are now firmly in charge.” “Offe...

Russia’s 2014 Winter Olympics an Environmental ...

ecorazzi.com 08 Feb '14, 8pm

As Russia’s Black Sea resort of Sochi prepares to take the Winter Olympics torch from Vancouver, conservationists are call...

This small store lets you buy your groceries wi...

forbes.com 11 Feb '14, 5pm

Chris Ciabarra, chief technical officer at Revel Systems, says the process is fairly simple. Before they transact, however...

Head of Russia’s Largest Bank Backs Bitcoin, Again

Head of Russia’s Largest Bank Backs Bitcoin, Again

coindesk.com 26 Jan '14, 3pm

Sberbank may not be a household name in the west, but it just happens to be the third-largest bank in Europe. It’s also th...

Russia’s 2014 Winter Olympics an Environmental ...

ecorazzi.com 06 Feb '14, 2am

As Russia’s Black Sea resort of Sochi prepares to take the Winter Olympics torch from Vancouver, conservationists are call...