Bitcoin Soars In Japan, But What’s ‘Synthetic Currency?’ | PYMNTS …

Russia’s love-hate relationship with digital currency continues. One minute officials are threatening to punish bitcoin operatives and traders, the next minute they are suggesting that citizens can use bitcoin “in areas where such activities are legal.”

A few days ago, Cryptocoinsnews said that Russia’s announcement that it would penalize whoever is involved in bitcoin operations would “end two years of speculation” on Russia’s stance. It didn’t. At that time, Russia considered cryptocurrencies to be channels for money laundering and other forms of criminal activity. Now, Russia has overcome its fears and has opened the first digital currency exchange.

The new exchange will provide 24/7 currency exchange services and, according to News BTC, the Russian exchange is an actual office. This could encourage the patronage of traditional consumers who are used to financial exchange through a bank or other service provider by easing the

Read more ... source: TheBitcoinNews