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About author: Connor Sheehy

Russia Supports Criminalizing Bitcoin Amid Fears of Financial Instability

Category: News, Regulation

Russia Supports Criminalizing Bitcoin Amid Fears of Financial Instability

In an interview with Russia’s Rossiyskaya Gazeta on Thursday, January 14, 2016, Alexander Bastrykin, the Chairman of Russia’s Investigative Committee, was highly critical of cryptocurrencies in general and of bitcoin in particular. When asked if, given the current economic situation in Russia, the national currency ought to be protected by law, Bastrykin stated that “concerned agencies” in cooperation with the…

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