27 Apr '15, 1pm

Russian Exchange Leaks Source Code Amid Bitcoin Crackdown

Russian Exchange Leaks Source Code Amid Bitcoin Crackdown

A defunct Russian bitcoin exchange has released its source code to the bitcoin community amid the country's perceived crackdown on digital currency. The exchange, which made the announcement via the Bitcoin Talk forum and Reddit , says it is seeking to help the global bitcoin market evolve by allowing other companies to integrate its software. Its three founders had self-funded the platform's year-long production process, spending approximately $100,000 to reach an alpha version. However, faced with Russia's increasingly hostile regulatory climate, the team decided to abandoned their launch – making their work public instead. Project manager Ivan Starinin told CoinDesk: "The bitcoin community is open source at its core and we wanted to contribute somehow. Giving away our source code turned out to be the logical step to show our love to the community. The bitcoin ecosystem ...

Full article: http://www.coindesk.com/russian-exchange-leaks-source-cod...

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