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Russia rumblings

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Russia rumblings

October 10th, 2017
"Once I make up my mind, I'm full of indecision." – Oscar Levant
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THE FEATURE

Russia's Central Bank Backs Move to Block Bitcoin Websites

 
Will Russia ever make up its mind?

No stranger to an on-again, off-again relationship with bitcoin and other open cryptocurrencies, officials in the country are again suggesting stern measures as part of an effort to contain their use.

A new TASS report out today suggests the Bank of Russia, the country's central bank, is teaming with its General Prosecutor's Office, the head of its court system, to tighten access to websites that target prospective investors.

Still, the headlines (while likely to skew negative) perhaps won't tell the full story. In remarks, the central bank noted it would perhaps support regulated cryptocurrency investments, such as the kind offered by banks and financial institutions.

While little is concrete, the result is still an intriguing picture of global regulatory developments. On cryptocurrencies, Russia, it seems, is charting its own course.
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Russia's Central Bank Backs Move to Block Bitcoin Websites
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