Russia's Ministry of Finance Drafts Law to Penalize Bitcoin Users and Businesses
Since Russian president Vladimir Putin's announcement on national television in July, the Russian authorities have granted the permission to use bitcoin in "some account." At one point, the Russian government had even thought about a proposal to support and define bitcoin as an alternative currency. Today, the Ministry of Finance has officially announced a tightening of regulations against bitcoin by disallowing the "production and trafficking of cryptocurrency." In a press statement, the office of Anton Siluanova, Acting Minister of Finance of the Russian Federation have suggested a four....
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