Russia Bans Sites Trading Bitcoin

Business » FINANCE | October 10, 2017, Tuesday // 15:12
Bulgaria: Russia Bans Sites Trading Bitcoin Source: Twitter

Russia will block access to trading websites that offer cryptocurrency like a bitcoin. This was stated by the first Deputy Governor of the Russian Central Bank, Sergey Shvezov, defining such a trade as "dubious", Reuters reports.

Initially, the Russian financial authorities treated as illegal any kind of payment instruments issued by non-state institutions, explaining that they could be used for money laundering.

At a later stage, however, the authorities adopted the globally flourishing market for cryptocurrency, but they either wanted to either control turnover or limit access to the market.

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Tags: Russia, cryptocurrency, bitcoin, ban
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