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Tuesday, February 11, 2014

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Russia bans bitcoin too bad



He joins the list of countries reporting to the virtual currency could be used for money laundering or terrorist financing
Russia bans bitcoin

The Russian authorities have issued a series of warnings against use of securing Bitcoin virtual currency that could be used for money laundering or terrorist financing and that " treat it as a currency is illegal ."

Anonymous payment systems and currency through Internet have grown exponentially and have glimpsed as money substitutes and can not be used by individuals or legal entities , said the office of the Prosecutor General of Russia after meeting with representatives of the Russian Central Bank , FSB ( anteriomente known as KGB) and the Ministry of Interior.

The agency has acknowledged that Russian law stipulates that the ruble is the only legal tender and that the introduction of any other currency or substitutes will be considered illegal . The Russian central bank has also added that trade was very speculative Bitcoin on 27 January and the unit provides a high risk of losing value.

"Citizens and legal persons are at risk of contributing to illegal activity including the laundering of money obtained through crime and terrorist financing ," he warned. The General Attorney's Office said it was working with the Central Bank and other bodies responsible for law enforcement to strengthen regulations and prevent crimes " by using these pseudomonedas '.

It is not the first country to be illegal use to bitcoin . Thailand banned argued the lack of applicable laws last July. China also warned to use.

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