Russia Doesn't Like Bitcoin

Government's internet watchdog starts blacklisting Bitcoin sites

In a move which some currency experts are interpreting as a predecessor to a wider initiative against the Bitcoin virtual currency, Russia's Internet overseer Roskomnadzor has ISP-blacklisted certain Bitcoin websites.

Russian federal law provides ample justification for such a move, with Article 27 clearly stating that the rouble is Russia's sole legal currency, and that the introduction or use of any other monetary substitute – including cyber-currencies – is expressly prohibited.

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