Russia May Be Planning to Issue Fines For Bitcoin Usage
Let's file this under not confirmed, before we get things going here, but a report published today by Russian news outlet Lenta.ru suggests that the Russian Ministry of Finance is preparing to issue fines to those who use digital currency like bitcoin, in addition to other 'money substitutes'. Legislation is pending, apparently, but the penalties are stiff: a fine of 50,000 rubles for individuals breaking the rule ($1,250 USD), 100,000 rubes for officials ($2,500 USD), and a whopping one million rubles for companies ($25,000 USD). Lenta writes "Similar penalties may be established for....
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