
“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:
Syria rebel chief rejects U.S.-Russia chemical weapons deal
Syria, Iran issue first explicit warning to Israel if US attacks
Zelle, the Banks’ Answer to Venmo, Proves Vulnerable to Fraud
London Seeks New Spenders as Russians Skip $719 Champagne
‘High likelihood’ of Greek capital controls, bank deposit freeze: Moody’s
FBI director claims NSA spying could have prevented 9/11
NSA shares raw intelligence including Americans' data with Israel
Charges reduced for officer who ran over teens while fiddling with phone
Americans: 'Online Surveillance Is O.K. For Most'
Honduras 'Free Market Paradise' Charter City
AT&T and T-Mobile embroiled in legal fight over the color magenta
Why This Entrepeneur Thinks Bitcoins Are Here To Stay
Mongolia's new law expected to attract Chinese billions
US looks at ways to prevent spying on its spying
Trump on Collision Course With South Korean Leader on Dealing With North