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Home Economics

Russia intends to pursue the overall prevalence Bitcoin

by Daniel Brown
2014/10/07
in Economics, HOME
Reading Time: 1 min read
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Russia intends to pursue the overall prevalence Bitcoin
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300_250The Russian Federation has responded to its popular bitcoin. The authorities intend to assign administrative responsibility for the dissemination and use of so-called surrogates. With the relevant proposal made the Ministry of Finance of the Russian Federation.

Worldwide related to Bitcoin is quite ambiguous, but Russia decided to introduce specific penalties for individuals and entities not only for transactions kriptovalyutoy, but also for the creation and distribution of software. The amount of the fines ranging from 5,000 to 1 million. Rubles. Early in the year the Russian Central Bank warned about the use of virtual money. Today do not exclude the use of alternative currency in the future, and the abolition of the previous restrictions, but only after the establishment of the necessary regulatory framework. The Finance Ministry believes that without such a framework, there are serious risks of alternative emission of money and this process, when uncontrolled, can disrupt the control of money in circulation, lead to money laundering and fraud.

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