
“The use of bitcoins and other cryptocurrencies carries the risk of violating citizens’ property rights and cannot be used in Russia, the country’s Prosecutor General’s Office concluded after meeting with the Central Bank, FSB, and Interior Ministry. ‘Russia’s official currency is the ruble. The introduction of other types of currencies and the issue of money surrogates are banned,’ the statement says, meaning that cryptocurrencies – the most popular of which is bitcoin – cannot be used by Russian citizens or corporations. Members of the meeting also outlined recommendations on how to prevent the use of virtual currencies.”
http://rt.com/business/bitcoin-russia-use-ban-942/
Related posts:
Study: Companies from emerging markets will shape global economy in next decade
Amish farmer facing 68 years in prison for selling homemade products
Lord Rothschild takes £130m bet against the euro
Rapper 2 Chainz arrested following a nine-hour tour bus standoff
'Nut-free' school zone decision upheld by Michigan Court of Appeals
Former MNPD Officer Attempted Child Porn Framing Of Ex-Girlfriend
How The Alternative Minimum Tax Could Slam You
There They Go Again: Fed Officials Give Rate Timetables
Mexico to create new national police force to fight drug cartels
Ageing population pushes welfare bill to crisis point
We’re in a worse position than in 2008: Marc Faber
Police summoned, multiple schools locked down after man spotted carrying umbrella
Canadian banks to be compelled to share clients' info with U.S.
Vicco to consider paying police chief in Bitcoin
Microsoft Extends Parental Leave, Netflix Gives New Parents A Year Off