Another bad news for Bitcoin owner´s and user´s. Russia did officially ban the use of Bitcoin and created a regulation that names the digital currency a “money substitute”. Here is the official statement that you need to translate with the Google Translator if you can´t read Russian. According to Digital Trends, the paper notes that digital currencies like Bitcoin have been used for money laundering and other criminal activities. Also the “lack of security” and the volatile value of the currency has been mentioned. The new rule does indicate that it is now basically forbidden in Russia to have a … Continue reading Bitcoin´s Banned In Russia