Russia Caves In on Bitcoin to Open Front on Money Laundering
- Bitcoin users in Russia may no longer need to fear jail time
- Cryptocurrencies may be recognized in 2018, Moiseev says
A collection of bitcoin tokens stand an arranged photograph.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Only a year ago Russia’s Finance Ministry was threatening jail time to anyone using digital currencies.
In a major U-turn, it’s now edging closer to their acceptance as a legitimate financial instrument to open a new line of attack on money laundering.