22 Mar '16, 6pm

Russian Firm Fails in Attempt to Patent #Bitcoin

Although the outcome was a predictable one, it’s certainly interesting that Russian patent authority Rospatent acknowledged that Bitcoin is a common term used in the fields of finance and economy. The Russian government and regulators, starting with the finance ministry has frequently taken a hostile, affronted stance against the cryptocurrency, even though Bitcoin isn’t officially banned in the country. In its most recent proposal, the Russian Finance Ministry recommended a 7-year prison term for bitcoin adopters and miners.

Full article: https://www.cryptocoinsnews.com/russian-firm-fails-attemp...

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