Russian Ministry of Finance Drafts Bill Banning Bitcoin


#1

Curious how this is going to play out re: maidsafe.

http://www.coindesk.com/russian-ministry-finance-drafts-bill-banning-bitcoin/

It’s also interesting to note that Ukraine is doing the exact opposite.

http://www.coindesk.com/5000-terminals-across-ukraine-now-offer-bitcoin-cash/


#2

According to the ministry, the ban is necessary as monetary surrogates are widely used for buying illegal goods and money laundering.

illegal goods and money laundering = anything the state does not approve of

“Сryptocurrencies have no real value and their prices are determined due to speculations. So, there is a great risk that investors will lose their money,” the ministry’s statement concluded.

Always bring it back to how the public is “being protected” by these new laws.