Sverdlovsk prosecutor’s office has made site Bitcoin block – RBC

Sverdlovsk prosecutor's office has made site Bitcoin block – RBC

According to RBC Assistant Attorney Nevyansk David Sargsyan, agency staff on the instructions of the prosecutor’s office of the Sverdlovsk region is checked to identify sites or organizations that use the territory of the Russian currency other than the ruble.

As a result of the prosecutor’s office was able to identify five sites, including bitcoin.org, using Bitcoins as reverse currency. After that, the local court had directed the claim to limit the access to them. The decision was made Nevyansk Court on 30 September last year.

The site bitcoin.org argues that it is sponsored by an organization Bitcoin Foundation, dedicated to the promotion of this Cryptocurrency worldwide. The site explains the basic principles of working with Bitcoin, and specify how the Cryptocurrency.

As of 14:30 MSK site was still available.

In January last year, the Bank of Russia has warned Russian legal entities on the inadmissibility of Service for the exchange of virtual currencies for rubles, foreign exchange and commodities. Central Bank indicated that such activity is considered as a potential involvement in the implementation of suspicious transactions in accordance with the legislation on counteraction to legalization (laundering) of proceeds from crime and terrorist financing.

According to Article 27 of the Federal Law “On the Central Bank of the Russian Federation (Bank of Russia),” release in Russia monetary surrogates is prohibited.

Bitcoin is a decentralized electronic payment system that has no administrator or any analog thereof, uses of the same name for accounting units. Bitcoins can be used for electronic payment for goods and services to sellers who are ready to take them. There is also the possibility of exchanging Bitcoins for real money through specialized platforms for trading or exchangers. The key difference from the conventional electronic money is anonymous currency since issue of new Bitcoins can be done by anyone who complies with all the requirements of the system.

The anonymity of currency is one of the reasons why the government refused to consider it as a legitimate financial instrument, as have recently been uncovered several cases of the use of Bitcoin for money laundering and illegal trade on the Internet.