Bank of Russia: Bitcoin Should Not Be Rejected
Months after the Bank of Russia first broke its silence on bitcoin and digital currencies with stern warnings regarding their potential treatment under the law, regulators have released new statements that suggest the country is further softening its tone on the subject. The Wall Street Journal has reported that the country's central bank is now in the process of gathering information about bitcoin and digital currencies. Bank of Russia deputy chairman Georgy Luntovsky has said that while there has been evidence that bitcoin is being used to pay for drugs and weapons in Russia, it will not....
Related News
The central bank’s push for a restrictive policy regarding cryptocurrencies is not gaining support among members of the Russian government, legislature, or law enforcement. A blanket crypto ban, as proposed by the bank, would make a laughingstock of Russia, lawmakers have warned. Bank of Russia’s Hardline Stance on Crypto Rejected by Other Russian Institutions The Central Bank of Russia’s lobbying for prohibitive legislation on cryptocurrencies has not been met with understanding by other government bodies, Russian media revealed. Last week, the regulator published a....
With previous news items suggesting that authorities in Russia have been cracking down on the use of bitcoin and other digital currencies, we're now learning that there may be a change of heart going on. According to a report published by the Wall Street Journal, The Bank of Russia - the country's central bank - is reportedly gathering up information on a slew of digital currencies, and says they aren't blocking anyone from using bitcoin. That information specifically came from the bank's first deputy chairman, Georgy Luntovsky. "At this stage we need to watch how the situation develops....
It is impossible to stop the Bitcoin movement, that much has become evident. Excluding Bitcoin from Russia would do more harm than good in the long run. Russia has always had an unusual relationship with Bitcoin and cryptocurrency. It has been unclear how the situation will evolve for quite some time now. A new statement by the Bank of Russia hints at no further action being taken against the usage of Bitcoin. Another positive sign for Bitcoin on a global scale, although this does not mean cryptocurrency is legal in Russia all of a sudden. People have to keep in mind this statement does....
Hacking group Anonymous has reportedly published a large amount of data allegedly belonging to the Bank of Russia. The release comes after the collective announced it had hacked Russia’s central bank earlier this week, a claim that was denied by the monetary authority in Moscow.
Anonymous Publishes Leaked Bank of Russia Files
A group affiliated with the international hacktivist collective Anonymous, identified by the Twitter handle @Thblckrbbtworld (The Black Rabbit World), has announced it leaked 28GB of data obtained from the Central Bank of Russia (CBR). Another....
It may come as quite a surprise to some people, but the Bank of Russia will be exploring what Bitcoin technology has to offer to the financial world. The status of Bitcoin in Russia seems to be changing on a day-to-day basis. One day, government officials want to abolish the digital currency and make using Bitcoin punishable by law. The next day, the Bank of Russia announces they are looking to explore the possibilities and boundaries of Bitcoin technology. Trying to make sense of all of this is becoming rather difficult, but it is good news to see the Bank of Russia keeping an open mind.....