25 Feb '16, 7pm

Is 2016 the Year Russia Legalizes Bitcoin?

Russian regulators and ministers have notably taken a notoriously hardline stance against bitcoin adopters in the past. As recently as the beginning of this month in February, the Russian Finance Ministry proposed a 2-year prison sentence for Bitcoin users. January saw European bitcoin-exchange BTC-E’s website blocked by a Russian regulator. The same month also had Russia’s Investigative Committee Chairman state that Bitcoin represents a “real threat to the financial stability ” of Russia. He also added that it would be better to prevent the spread of the cryptocurrency in its initial phase (present times) before it becomes more popular.

Full article: https://www.cryptocoinsnews.com/is-2016-the-year-russia-l...

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