Russia Seeks to Tighten Online Payments, What Does it Mean For Bitcoin?
Following a series of terrorist attacks before the Winter Olympics, Russian legislators are likely prepared to pass new bills that severely tighten regulations around electronic payments in the country. News agency RIA Novosti reports online payment systems that allow anonymous usage like Russia's Yandex (which is basically their version of PayPal) will no longer allow money to be sent abroad electronically. That aside, the new rules dictate that no more than 15,000 rubles (or about $450 USD) may be sent in a single month - down from 40,000 rubles ($1,200 USD). An open or closed door for....
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