Russia Bans the Use of Cryptocurrency

By October 5, 2014Bitcoin Business

Russia Bans the Use of Cryptocurrency – The anti-cryptocurrency bill that was proposed to the Russian Ministry of Finance received a verdict this Friday. Under the new law, Bitcoin and other digital currencies will be banned from being created and distributed within the Russian territory.

The government also warned people of being imposed with heavy fines, if they are found to be involved in any use, creation and distribution of “money surrogates” like Bitcoin, […]

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