Russian authorities indicated that the virtual currency can not be used " by persons or legal entities" while linked to the financing of terrorist operations and money laundering
Russia warned against the use of bitcoins to hold virtual currency that could be used to launder money or finance terrorism and stressed that treat it as a parallel currency is illegal.
" Anonymous payment systems on the network and coins that have significantly increased their circulation - including the famous bitcoin - are substitutes for cash and can not be used by individuals or legal entities ," said the Russian Prosecutor General 's Office on February 6 .
He added that Russian law provides that the ruble is the official currency and only enter or substitute any other unit was illegal.
The Russian central bank also said on January 27 that trade in bitcoins was highly speculative and that the unit carried a high risk of loss of value.
"Citizens and legal entities risk being dragged - even unwittingly - toward illegal activities including money laundering obtained through criminal activities and terrorist financing ," said the organization.
In China, for example, the authorities banned the use of bitcoin in financial institutions in December last year , so businesses must stop accepting such payment.
The Russian Prosecutor General 's Office said it was working with the central bank and other law enforcement agencies to strengthen regulation and prevent crimes committed with the use of these pseudomonedas .
Putin 's party , United Russia, in the Russian parliament introduced a bill to limit the use of electronic payment systems , restrictions which , if approved, would also extend to the use of other anonymous payment means like bitcoin , as highlighted by the Financial Times.
In the United States, much more developed than the Russian bitcoin community is already under scrutiny as authorities are you taking action against illegal activity conducted through the use of this digital currency.
Canada , meanwhile , said in January that currently does not recognize the bitcoin as a legal tender , but noted that monitoring the progress of electronic currency. The country is the first to have a bitcoin ATM .
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