Russia Planning to Criminalize Bitcoin Activities
The debate whether Bitcoin should be banned in Russia is once again picking momentum. According to a report of Interfax, the Russian government lately approached the regulators with its plan to criminalize the use and issuance of Bitcoin under the new money surrogate law. If enacted, the amended bill will effectively impose ban on all kind of Bitcoin activities, including trading, mining and transactions. A similar bill was proposed by the Ministry of Finance in 2014. However, the text of the bill turned out to be confusing for regulators, for it never clarified the actual definition of....
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