Russian Website Threatened by Government Censors
About two weeks ago, during an interview, Vladimir Putin signaled his tacit support for using bitcoins in Russia. The Russian President stated that the digital currency shouldn't be banned and that it could have possible uses for some government institutions. But it seems that the Russian censorship haven't finished. Yesterday, Roskomnadzor, the Kremlin's media watchmen, threatened to block another news website. Officials yesterday told Zuckerberg Pozvonit, or "Zuckerberg Calling," which focuses on news related to Internet entrepreneurialism, that it must delete or edit within the next....
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Russia has been in the news for many reasons over the last year, from the military conflict in the Ukraine to the Russian Ruble falling in value by over 50% in 2014. Russia has also developed issues with the digital currency Bitcoin, as far as the government and their aims to ban it. Their views on Bitcoin may be tied to the devaluation issues plaguing the Ruble, and the government's need to protect its domestic currency from any and all perceived competitors. These problems with Bitcoin has led to the banning of any and all online website information related to cryptocurrencies earlier....
Bitcoin websites blacklisted by the Russian government brought their case before a judge today in an attempt to overturn a decision that has restricted domestic access to their domains. Members of bitcoin news website BTCsec.com and exhibition company Smile Expo were reportedly in attendance at the hearing. The Russian government has filed a petition to dismiss a complaint submitted by the websites, two of six that are currently being blocked by the government. Smile Expo argued that its website was used for the dissemination of information about its conferences, not cryptocurrency....
The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian Authorities Move to Legalize Crypto Economy The Russian government “has determined the future of digital currencies in Russia,” an announcement published late Tuesday stated. The executive power in Moscow elaborated that the plan is to integrate the circulation of cryptocurrencies into....
[Update: The conversion for Bitcoin feature is reportedly working, albeit in English, according to some users on Yandex after the publishing of this article.] Russian Deputy Finance Minister Aleksey Moiseev informed a reporter that the Russian government would be banning Bitcoin within one year. That was in September, only a month ago, and it seems that they are moving forward much more rapidly. The Russian news blog, bitmakler.com, announced on October 5th that the Finance ministry has proposed a fine of up to 1 million rubles for the “production and use of money surrogates in Russian”.....
Russian Prime Minister Dmitry Medvedev has given instructions to two government ministries to study and research the application of blockchain technology as a part of the country’s ‘digital economy’ program. First reported in regional publication RIA Novosti, Russian interest in embracing Fintech has gained its most prominent proponent with the country’s prime minister. In a meeting with vice-premiers of the Russian government, the country’s prime minister has ordered the Ministry of Communications and the Ministry of Economic Development to consider the possibility of using the technology....