Supreme Crt to hear appeal of blocked bitcoin website owner Mar 21 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Supreme Crt to hear appeal of blocked bitcoin website owner Mar 21

MOSCOW, Mar 5 (PRIME) -- Russias Supreme Court will consider on March 21 a cassation appeal on a lower courts decision to block website Bitcoininfo.ru, which published news about the bitcoin and other cryptocurrencies, a high court spokesperson said on Monday.

The Vyborg District Court of St. Petersburg decided to block the resource in July 2016 on prosecutors request. The websites owner contested the move, but to no avail, and the decision came in force.

The lower court said that the bitcoin and other cryptocurrencies fuel growth of the shadow economy, and boundless distribution of information about an electronic currency is dangerous because cryptocurrencies are frequently used by arms and drugs dealers, and other criminals.

Russia does not treat the bitcoin or other cryptocurrencies as an official means of payment. The government, however, is working on the introduction of regulations in this industry.

End %%ee/jst%%

05.03.2018 10:33
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 77.9069 +0.1215 28 may
USD 71.0635 -0.0773 28 may
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1219.21 -0.47 16:16 27 may
micex 2753.11 -0.03 16:16 27 may
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 194.23 -1.34 16:01 27 may
lkoh 5403.00 -0.77 16:01 27 may
rosn 373.35 -0.28 16:01 27 may
sber 197.59 +1.85 16:01 27 may
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 77.7950 -0.3775 14:59 27 may
USDTD 70.6200 -1.1325 17:44 27 may