Russian Ministry of Finance Drafts Bill Banning Bitcoin


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

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


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.