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Just days after a Hong Kong tycoon was kidnapped and held for millions of dollars in Bitcoin in ransom by criminals, the Financial Supervisory Commission Chairman of Taiwan has made a ruling. Bitcoin is now illegal within Taiwan.
China’s Internet watchdog has announced that it can no longer “ignore its revolutionary changes” announcing that we have entered the “post-Bitcoin era."
On Tuesday, Andy Shroder posted on Reddit that eBay Inc. had removed his merchant listing because he accepted bitcoin for his products.
Following recent successes of the Finnish Pirate Party’s Bitcoin funding in the country’s 2015 election campaign, its Icelandic counterpart is now causing an even greater stir.
Despite the recent court ruling that overturned a previous decision to block access to at least five Bitcoin websites, Russia’s supervision agency has blacklisted one of the country’s most popular Bitcoin-related websites.
A court in Ekaterinburg, Russia has effectively lifted the ban to Bitcoin-related websites blocked in January by authorities.
Representatives of Smile Expo and BTCsec.com, two of the many websites that have been blocked by the Russian government attended the first session of Sverdlovsk Oblast court.
The proposed law to ban Bitcoin in Russia is expected to be passed in August of this year, as a crypto-legal expert recommends businesses “get out of Russian jurisdiction.”
Speaking at the All-Russian Banking Conference, Deputy Minister of Finance Alexey Mioseev stated that the bill proposing penalties for using “monetary surrogates” will finally become law this year.
Paul Koster, Director of the Netherlands Stockholder’s Association (Vereniging van Effectenbezitters), went on a rant against Bitcoin in a January 15 article calling for the Central Bank to completely ban the cryptocurrency.
Evgeny Volovik is the head of the Information and Communication Department at Russia’s Federal Financial Monitoring Service Resource Center.
With such an extensive track record and experience in pioneering digital payments in Russia, CoinTelegraph could not pass up the opportunity to ask Victor some questions on Bitcoin in Russia and get his thoughts on the proposed legislation banning cryptocurrencies and all related information in the world’s biggest country.
Russia’s Ministry of Finance has put forward what many were expecting yet also unable to believe: a ban on the use of digital currency, and the implementation of fines as an appropriate deterrent.
In a move no less curious than its previous attempts, China has blocked a popular Bitcoin website from being accessed on its domestic servers – but why?
Russia is prepared to stomp out Bitcoin, again. The draft of a new bill is in the making, which could severely restrict use of cryptocurrency in the country.
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