29 Apr '16, 10am

Russia is considering legislation that would send bitcoin users to jail for up to 7 years

Are you an avid bitcoin user in Russia? If so, you could end up in jail. The Russian Finance Ministry is preparing to introduce legislation next month that would fine and jail digital currency users, according to Bloomberg . The legislation, which was amended last month, has multiple tiers of penalties depending on the person’s usage, according to Interfax , a Russian news agency. For regular citizens who casually use bitcoin, the penalty is 500,000 rubles ($7,800 USD) or 4 years in jail; for organized groups, like bitcoin miners who confirm transactions on the network, it’s 1 million rubles ($15,500 USD) or 6 years in prison; executives or managers of financial institutions would face a fine of up to 2.5 million ruble ($38,000 USD) or up to 7 years in jail. Russia wouldn’t be the first country to go after bitcoin users—Iceland, Ecuador, and Vietnam have each banned the cu...

Full article: http://qz.com/672780/russia-is-considering-legislation-th...

Tweets

via @technology

via @technology

bloomberg.com 28 Apr '16, 10am

Russia is planning to punish users of cryptocurrencies such as bitcoin, saying anonymous, difficult to trace transactions ...

In-hand photos of @TaylorMadeGolf irons from th...

golfwrx.com 29 Apr '16, 2pm

GolfWRX is the world's largest and best online golf community. Expert editorial reviews, breaking golf tour and industry n...

Just in from #Michigan : #Hack Your #Car, Go To...

gas2.org 02 May '16, 6am

Let’s be honest. Any computer that can be accessed wirelessly can be hacked. On April 3, 2015, the pilot of a German Wings...

Cyber Security: Hack Your Car, Go To Jail For L...

gas2.org 01 May '16, 3pm

Let’s be honest. Any computer that can be accessed wirelessly can be hacked. On April 3, 2015, the pilot of a German Wings...