Tagrussia ban

Bitcoin Ban & Criminalization Bill Relaxed in Russia

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The Ministry of Finance in Russia, or the Russian FinMin, is not quite beating its drum to ban bitcoin anymore, going by recent remarks of deputy finance minister Alexey Moiseev. Instead, a new amendment to the infamous bitcoin ban bill will allow for the purchase of the cryptocurrency in the country, which can then be used and sold in other countries. Moiseev made the revelation in an interview...

Russia's Bitcoin Ban Proposal Likely to Enter Duma before August

bitcoin ban

The Russian Finance Ministry has long taken a determined hardline stance against bitcoin and other digital currencies, deemed by the regulator as ‘surrogates’ of the ruble. The Deputy Minister of Finance in Russia hopes that the draft law calling for the criminalization of bitcoin will be passed to the State Duma – the lower chamber of the Russian Parliament – before the end of the current...

Russian Legislature to Review Updated Bitcoin-Ban Seeking Bill in February

A draft bill submitted to Russia’s legislative assembly, the Duma, is updated to a new draft edition that may be reviewed as early as February. The updated draft is likely to exclude harsh punishments such as imprisonment for trading bitcoin and other cryptocurrencies, a punishment previously suggested by the Russian Finance Ministry. The legislative initiative – originally forwarded in December...

Russian Finance Ministry Proposes a 4-Yr Prison Sentence for Bitcoin Users

The Russian Ministry of Finance is taking a hard stance against Russian adopters of bitcoin and cryptocurrencies, with a proposal that –while not yet legal or enforced—aims to punish users engaging in Bitcoin trading with a prison sentence of up to 4 years. While most governing bodies around the world looks to adopt bitcoin or block chain technology or look for ways to regulate the...

Russia's Bitcoin Website Ban Overturned in Russian Court

Russia has been in the news for many reasons over the last year, from the military conflict in the Ukraine to the Russian Ruble falling in value by over 50% in 2014. Russia has also developed issues with the digital currency Bitcoin, as far as the government and their aims to ban it. Their views on Bitcoin may be tied to the devaluation issues plaguing the Ruble, and the government's need to...

World's Largest Bitcoin Survey: Over 12k People Talk Bitcoin

Over the last couple of years, there have been many surveys done about what Bitcoin is and what people think of Bitcoin. The Digital Currency Council (DCC) and Coin Report have done surveys to get consumer opinion on its progress. As Bitcoin has grown, so have the corporate players involved, and the number of countries using Bitcoin worldwide. Now, financial giant ING has integrated Bitcoin into...

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