Russia bans Bitcoin outright
Russia has banned digital currency Bitcoin under existing laws and has dubbed the use of the crypto-currency as ‘suspicious’.
The Central Bank of Russia considers Bitcoin as a form of 'money substitute’ or 'money surrogate’ (here’s statement, in Russian) which is restricted under Russian law.
However, unlike the use of restricted foreign currencies, Bitcoin has been banned outright.
Surprised? No. After all, this is the country that believes homosexuality and pedophilia to be interchangeable.
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