09 Feb '14, 5pm

Russia bans Bitcoin as 'money substitute'

"Citizens and legal entities risk being drawn — even unintentionally — into illegal activity, including laundering of money obtained through crime, as well as financing terrorism," the release stated. This doesn't mean the Russian police is going to come after you for trading a few Bitcoins here and there, but by doing so you might earn a place on its watch list. Russia's decree should come as no surprise, considering it's illegal there to trade with money substitutes. "The official currency of the Russian Federation is the ruble. Introduction of other monetary units and money substitutes is prohibited," the Prosecutor's office reemphasized, citing

Full article: http://www.theverge.com/2014/2/9/5395050/russia-bans-bitcoin

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