Russia: Bitcoin banned by end 2015

Monday 15 September 2014 14:19 CET | News

Russian regulators are expected to pass a Bitcoin ban by the end of 2015, reports citing news agency Russia Today.

Aleksey Moiseev, Deputy Finance Minister, has informed that the eventual ban is to be discussed in the current session of parliament and that consultations with law enforcement agencies, about the specifics of legal measures, are also taken into account.

The ban is supposed to prevent the potential use of the currency in funding terrorism, buying illicit goods and rendering illicit services and money laundering.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Russia, Bitcoin, ban, digital currency, crypto-currency, online sales, regulation, regulators, government
Categories: DeFi & Crypto & Web3
Countries: World
This article is part of category

DeFi & Crypto & Web3