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Warnings about Bitcoin by the Central Bank of Russia

While the Bitcoin is becoming increasingly widely accepted as a means of trading, governments and banks in more and more countries are warning about the dangers of using it digital coin.

Η Ρωσία εντάσσεται πλέον ανάμεσα στις χώρες αυτές, καθώς η Κεντρική Τράπεζα εξέδωσε προειδοποίηση, χαρακτηρίζοντας την χρήση των as particularly dangerous.

According to the bank, virtual currencies or "money substitutes" have been found to be illegal under the federal law of the country.

Bitcoin is an independent currency that is not regulated by any government and has a high risk of depreciation due to its volatility (it can rise or drop hundreds of dollars from one day to the next).

The bank warned that through the use of the currency the they may, knowingly or unknowingly, engage in illegal activities such as money laundering or terrorist financing.

Considering that Bitcoin is often used in illegal activities such as drug sales (Silk Road case) or money laundering (recent arrest of BitInstant CEO), it is not exactly a surprise that Russia keeps a negative against .

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Written by Dimitris

Dimitris hates on Mondays .....

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