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Saturday, September 30, 2017

Crypto News: Russia May Ban Bitcoin Payments Entirely: Deputy Finance Minister

Russia May Ban Bitcoin Payments Entirely: Deputy Finance Minister

Russia seems to be constantly shifting its stance on Bitcoin and other cryptocurrencies. Just a month ago, Buterin was smiling and signing agreements with the Russian state banks for Ethereum partnerships. 

Now suddenly, it appears that Russia may ban Bitcoin payments entirely, as was previously suggested.

The Deputy Finance Minister Alexey Moiseev told reporters that the cryptocurrency would likely be banned, especially given its volatile history, risk to consumers and potential for hacking loss. In an interview he said:

"No regulator doubts that payments will be banned. In my opinion, in a country where millions have suffered from pyramid schemes, it is impossible to allow the situation when citizens sell apartments in order to make investments in cryptocurrencies to repeat.”


Full story at http://bit.ly/2wpJ7Ui


Source: CoinTelegraph


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