Tag: Draft Bill

Russian Authorities Unveil Draconian Bitcoin Draft Bill

Russian lawmakers submitted a new draft bill that would effectively ban all forms of virtual currency within the Russian Federation. While prior digital currency legislative attempts did not get very far, this bill has made it to Russia’s legislative assembly, the Duma. Under the proposed legislation, the creation of all forms of “money surrogates” and their dissemination and promotion, will be considered a crime punishable by administrative fines. Even circulating …
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