Report: Russian Ministries Question Bitcoin Criminal Liabilities

Report: Russian Ministries Question Bitcoin Criminal Liabilities

The Ministry of Justice and the Interior Ministry in Russia have – according to reports – questioned the “public danger” that Bitcoin supposedly brings, as proposed by the Russian Ministry of Finance.

Unsubstantiated reports from Russian news outlets quoting prominent Russian news agency Interfax have revealed voices in the Ministry of Justice and the Interior Ministry to question and even oppose the Russian Finance Ministry’s proposal for a bitcoin banning bill.

A source from “the financial and economic block” of the government has reportedly told Interfax that the Ministry of Justice does not agree with some of the wording of the bill proposing a ban on money “surrogates” a term frequently associated with bitcoin and virtual currencies.

The Russian Finance Ministry has frequently made efforts to implement a ban on bitcoin. The authority has even proposed that the use of virtual currencies including Bitcoin be deemed a criminal offense, with imprisonment of up to 7 years, besides large fines imposed on the adopter.

Prominent Moscow-based business daily Vedomosti addresses

Read more ... source: TheBitcoinNews

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