The Latest in IT Security

Russia bans Bitcoin as ‘money substitute’

10
Feb
2014

Russias Prosecutor Generals Office recently made its stance on Bitcoin abundantly clear. Systems for anonymous payments and cyber currencies that have gained considerable circulation — including the most well-known, Bitcoin — are money substitutes and cannot be used by individuals or legal entities, the office said in a recent press release reported by Reuters. Introduction of other monetary units and money substitutes is prohibited. Russias decree should come as no surprise, considering its illegal there to trade with money substitutes.

Comments are closed.

Categories

THURSDAY, MARCH 28, 2024
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments