Bitcoin Exchange Websites Is Illegal In Russia: Report

It has been reported that Bitcoin Exchange Websites going to be blocked in russia. Sergei Shvetsov, first deputy governor of the Central Bank of Russia (CBR) dropped a clue of making it illegal at a financial markets conference.

Bitcoin Russia

Even President Vladimir Putin said on Tuesday that crypto-currencies is becoming more risky and might have been used for crime.

“The usage of crypto-currencies carries serious risks. I know the central bank’s position on that,” Putin said.

“Crypto-currencies are issued by an unlimited number of anonymous bodies. Thus buyers of crypto-currencies could be involved in unlawful activities,” Putin said.

In a conference in Moscow, Central Bank First Deputy Governor Sergei Shvetsov told that the currencies were “dubious” and investors needed to be protected.

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