Russia Bans Bitcoin

Posted by samzenpus on Friday February 7, 2014 @01:02AM from the no-coins-for-you dept.

mask.of.sanity writes "Russia has banned digital currency Bitcoin under existing laws and dubbed use of the crypto-currency as 'suspicious'. The Central Bank of Russia considers Bitcoin as a form of 'money substitute' or 'money surrogate' (statement in Russian) which is restricted under Russian law. However, unlike use of restricted foreign currencies, Bitcoin has been outright banned. The US Library of Congress has issued a report examining the regulatory approaches national financial authorities have taken to the currency."

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Re:Which, of course, really means... by coinreturn · 2014-02-07 01:24 · Score: 1, Offtopic

...if they catch you running an illegal operation using Bitcoins, the necessary bribe to the authorities just got bigger.
And be sure to pay it with bitcoin.
Buggy by tom229 · 2014-02-07 03:26 · Score: 1, Offtopic

It's not bad, but it's buggy. I'm using it on my phone right now and every time I try to mod you up it sends me to the home page. It also seems to only load the comments successfully about half the time.

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