07 Feb '14, 8pm

Russia Outlaws Bitcoin

Russia Outlaws Bitcoin

Russia's Prosecutor General has declared use of bitcoin illegal in the country, charging that the currency is used for money-laundering and other illegal purposes. The office reiterated that the ruble is Russia's official currency. "The introduction of other types of currencies and the issue of money surrogates are banned," continued the statement, which was quoted in Russia Today . See also: Bitcoin: How the Internet Created Its Own Currency Russia's Central Bank also warned citizens last month that such crypto-currencies can be used to subsidize illegal activity, including terrorism. The Central Bank also advised Russians that crypto currencies carry a high risk of devaluation. Russia, which has just kicked off the 2014 Winter Olympics in Sochi, joins just a handful of countries, including China and Denmark, that outlaw bitcoin. Germany, Finland, Canada and Singapore, me...

Full article: http://mashable.com/2014/02/07/russia-outlaws-bitcoin/

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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 bans bitcoins

foxnews.com 07 Feb '14, 8pm

If you’re going to the Sochi Olympics in Russia, don’t bring bitcoins. Yesterday the Russian Prosecutor General’s office r...

#Bitcoin

#Bitcoin

rt.com 07 Feb '14, 12am

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