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Russia is planning to impose sanctions, such as jail time, on users of digital currency, arguing that anonymous, difficult-to-trace transactions help abductors and money launderers, reported Bloomberg. According to the news agency, Russia’s finance ministry intends to submit in...

There’s been a lot of worldwide news over the past week regarding policies toward Bitcoin. Last week, the European Court of Justice ruled the cryptocurrency was exempt from value-added tax (VAT), a decision that all EU nations must now follow. While this is a great hurdle...

Prosecutor General Office to Ban BTC Bitcoin, along with all other forms of digital currency have been proclaimed unusable in Russia. This was concluded by the Russian Prosecutor General Office after a meeting with the Central Bank, Federal Security Service, and the Ministry of...

Yesterday, the Bank of Russia stated concerns that bitcoin users may unintentionally be breaking the law. This philosophy is reminiscent of that found in some Asian and European governments. The bank advises caution and tells the bitcoin community to avoid being prosecuted for...

One of the largest banks in Russia, Sberbank, with a workforce of 300,000 people and half a trillion dollars in assets, has its sights on bitcoin. Head of Sberbank, German Gref, has high hopes for bitcoin. Gref served as the Russian Minister of Economic and Trade between 2000 and...