Russia Backs Bitcoin Curbs as Central Bank Snubs Sberbank Plan

“Bitcoin deals in Russia may fall afoul of anti-terrorism laws, the central bank warned after virtual currencies were championed last week by the head of state-controlled OAO Sberbank.  Transactions such as purchasing rubles or goods and services with virtual currencies may be treated as ‘dubious’ operations under laws against money laundering and financial terrorism, the central bank said today in a website statement.  Issuing ‘money surrogates’ is illegal in Russia, the regulator said.  Sberbank Chief Executive Officer Herman Gref said last week that he’d urged the Kremlin, Bank Rossii and the Finance Ministry to stop lawmakers from barring cryptocurrencies.”

http://www.bloomberg.com/news/2014-01-27/russia-backs-bitcoin-curbs-as-central-bank-snubs-sberbank-plan.html

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