Putin Advisor: Accepting Bitcoin Payments in Russia is a Crime
An advisor to Russian president Vladimir Putin has reportedly spoken out about bitcoin, going as far to suggest that taking payments in the digital currency is a criminal act. Recently appointed Internet advisor German Klimenko told Russian-language online news service Lenta.ru that the acceptance of bitcoin payments constitutes a crime. According to a translation by Russian bitcoin news site ForkLog, Klimenko told Lenta.ru: “Bitcoin is not the first one, there are other settlement means. Accepting bitcoin as a payment for anything is unacceptable because it is a crime.” Klimenko went on....
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In adding to the recent stance taken by Russian regulators and official authorities, Russian president Putin’s counselor has reportedly stated that accepting bitcoin in Russia is “a crime”. Newly appointed counsel and advisor on the internet German Klimenko, has reportedly claimed that accepting bitcoin as a payment instead of Russian rubles, is unacceptable and is a crime. The seemingly matter-of-fact comments was made in an interview with Russian online news publication Lenta.ru. The comments from the interview were translated and revealed by Russian bitcoin news outlet Forklog. An....
President Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating the use of DFAs, a legal category currently covering cryptocurrencies, as “monetary surrogates.”
President Putin Approves Legislation Banning Digital Asset Payments in Russian Federation
Russian President Vladimir Putin has signed a law imposing direct restrictions on the use of digital financial assets (DFAs) as a means of payment inside his country, the crypto page....
Bitcoin and other types of crypto has just been outlawed in Russia by no less than the commander in chief himself. A Russian legislative support system website said that on Saturday, Russian President Vladimir Putin approved a legislation setting immediate prohibitions on the use of digital financial assets as a payment method in the country. […]
Russian President Vladimir Putin has cautioned of an impending energy problem brought about by the unbridled growth of bitcoin mining in his nation. Emphasizing the enormous power consumption of mining activities, Putin said that these operations account for about 1.5% of Russia’s overall electricity consumption. This translates to a whopping 16 billion kilowatt-hours yearly. The […]
President Vladimir Putin has approved amendments to his own decree requiring Russian citizens running for office to declare their property abroad. The updated regulation lists cryptocurrencies among the assets that candidates should report to the state. President Putin Requires Russian Officials to Reveal Crypto Asset Purchases in Foreign Countries Candidates for government offices in Russia are now expected to provide authorities with details about the crypto funds they have acquired in other jurisdictions. A decree recently signed by Vladimir Putin adds the requirement to an earlier....