Russian Ministry Criticises Draft Bill Banning Bitcoin

By Nermin Hajdarbegovic

Russia’s Ministry of Economic Development has criticised a proposed ban on “cash equivalents”, according to a report.

The ministry said that legislation aimed at banning cash equivalents, including digital currencies like bitcoin, could have negative effects on retailers, telecom operators and banks.

Specifically, some provisions of the bill could create excessive restrictions and obligations, creating unreasonable costs for businesses, it said. The ministry therefore asked that the bill be reworked and resubmitted for further consideration.

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Via:: Russian Ministry Criticises Draft Bill Banning Bitcoin

      

Russian Ministry Criticises Draft Bill Banning Bitcoin
Russian Ministry Criticises Draft Bill Banning Bitcoin

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