Russia says Bitcoin users will be suspected of money laundering
Russia yesterday joined China in overtly outlawing the use of virtual currencies such as Bitcoin, warning that anyone caught using digital currencies for transactions will be assumed to be involved in illegal activities, such as money laundering or funding terrorism.
In a statement, the Bank of Russia warned that buying virtual currencies comes with a high risk of loss of value and pointed out that the use of ‘monetary surrogates' is prohibited under Russian law.
Bitcoin is the world's largest
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