“Over the last year, many wealthy Russians lost billions of euros in the Cyprus economic crisis. The Russian government announced plans to intentionally weaken the ruble – plans that were never realized, but which caused quite a scare. President Vladimir Putin banned government officials from holding bank accounts and securities abroad. Historically, the Russian ruble has been a tumultuous currency, suffering major fluctuations throughout the 20th century.  For those distrustful of Russia’s financial institutions, then, Bitcoin’s decentralized basis in math and code may provide an increasingly viable alternative.”

http://themoscownews.com/business/20130805/191822640-print/Bitcoin-newest-frontier-in-e-money-management.html

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