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Russia bans Bitcoin

By Darren Pauli

Feb 7 2014 1:41PM

'Curious' decision grates with Western government approaches.

Russia bans Bitcoin

Russia has banned digital currency Bitcoin under existing laws and dubbed use of the crypto-currency as "suspicious". The Central Bank of Russia considers Bitcoin as a form of "money substitute" or "money surrogate" which is restricted under Russian law. However, unlike use of restricted foreign ...

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