Malware asks for payment in BitCoins for ransom of informa ...

Russia bans use of Bitcoins

February 10, 2014

bitcoinsThe Russian authorities have issued a series of warnings against the use of Bitcoin assuring that the virtual currency could be used for money laundering or terrorist financing and that “treating it as a currency is illegal.”

Anonymous payment systems and currencies through the internet have grown exponentially and have been seen as substitutes for money and cannot be used by natural or legal persons, the Russian Prosecutor General’s office said after meeting with representatives of the Russian Central Bank , the FSB (formerly known as KGB) and the Ministry of the Interior.

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