There have been numerous allegations regarding bitcoin and altcoins in the criminal underworld. Russia’s Supreme Court now officially deems digital currencies to be facilitators of bribery.
The relationship between Russia and cryptocurrency has always been strenuous, to say the least.
That situation is rather unlikely to improve in the near future.
According to Russia’s Supreme Court, the use of cryptocurrencies poses many dangers.
One such threat comes in the form of bribing authorities in the country.
While this is not a trait unique to bitcoin and altcoins, the concept cannot be refuted either.
Russia does not have any regulation in place for crypto assets at this time.
Even so, this “allegation” by the Supreme Court of Russia may help to change that narrative significantly.
In its warning, the authority confirms bitcoin is a mode of payment, regardless of its exact purpose.
How this will affect the future regulation of crypto assets, is a different matter.
Under Russian law, a bribe is subject to different legal meanings.
It can either be classified as money, or as a property right.
As such, it seems as if the Supreme Court may have created a precedent for bitcoin and other crypto assets.
How Solana Transformed an Entrepreneur’s Life & Why BlockDAG Could Be the Next Millionaire Maker…
The SOL price has surged to well over $200 as its market capitalization exceeded $100…
BNB is already flashing signs of a bearish sentiment despite launching a new stablecoin while…
The crypto market is no stranger to unexpected twists. However, the recent performances of Rollblock,…
Meme coins are back with a bang and are as insanely volatile as ever! Bonk…
Staking has become one of the most effortless ways to generate passive income in the…