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Russian Ministry of Finance Drafts Bill Banning Bitcoin

Thursday 07th, August 2014 / 11:39
Russian Ministry of Finance Drafts Bill Banning Bitcoin

Russia’s Ministry of Finance has announced proposals to ban the issuance of bitcoin and any operations involving cryptocurrency.

On Friday (1st August), the Finance Ministry announced on the government’s regulation website that it was drafting a bill relating to cryptocurrencies, which, if approved, will likely see those who break the new laws end up in jail.

The announcement said:

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