Is Russia Investigating Bitcoin Companies Such as BTC-e Or Not?
This story is getting stranger.
Yesterday, on the Volgograd Prefecture’s website, an announcement was made that they had filed a criminal investigation against leading Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv BTC-e as well as Metabank. The two firms were being cited for violation of engaging with virtual currencies, which was deemed illegal activity by the Central Bank of Russia (CBR) last week.
Following the news, on their chat forum, a BTC-e representative stated that the news doesn’t affect them as they are based in Cyprus, while Metabank is publicly stating on its website that they no longer are involved with bitcoin or other virtual currency activity following the January 27th announcement from the CBR.
This morning, things have gone a different direction as the Volgograd Prefecture has announced on its website that yesterday’s statement of a criminal investigation was false and that the result of hacking on their website.
What’s really going on?
When the post went live yesterday, there was some debate about its authenticity. However, the website is an official Russian government outlet, as well as the timing following last week’s CBR made the investigation appear legit.
As such, despite the Volgograd Prefecture’s statement today, there is a belief that yesterday’s post on their website was authentic. However, due to either politics taking place in the background, or authorities simply using the announcement to gauge public response, they have retracted their statement and claim it to be the ‘work’ of hackers.
Either way, our Russian sources are quick to point out that ‘this is how things run around here’. Regardless of which post was truly the ‘real’ hacked statement, opinion from the country is that the government is taking a negative stance against bitcoins and other digital currencies and any firm that is publicly engaged in dealing with the product runs a serious risk of being shut down and investigated for criminal activity. In terms of individuals, as mentioned yesterday, ownership currently appears to be 100% legal, but no one would be surprised if that government stance changes.
This story is getting stranger.
Yesterday, on the Volgograd Prefecture’s website, an announcement was made that they had filed a criminal investigation against leading Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv BTC-e as well as Metabank. The two firms were being cited for violation of engaging with virtual currencies, which was deemed illegal activity by the Central Bank of Russia (CBR) last week.
Following the news, on their chat forum, a BTC-e representative stated that the news doesn’t affect them as they are based in Cyprus, while Metabank is publicly stating on its website that they no longer are involved with bitcoin or other virtual currency activity following the January 27th announcement from the CBR.
This morning, things have gone a different direction as the Volgograd Prefecture has announced on its website that yesterday’s statement of a criminal investigation was false and that the result of hacking on their website.
What’s really going on?
When the post went live yesterday, there was some debate about its authenticity. However, the website is an official Russian government outlet, as well as the timing following last week’s CBR made the investigation appear legit.
As such, despite the Volgograd Prefecture’s statement today, there is a belief that yesterday’s post on their website was authentic. However, due to either politics taking place in the background, or authorities simply using the announcement to gauge public response, they have retracted their statement and claim it to be the ‘work’ of hackers.
Either way, our Russian sources are quick to point out that ‘this is how things run around here’. Regardless of which post was truly the ‘real’ hacked statement, opinion from the country is that the government is taking a negative stance against bitcoins and other digital currencies and any firm that is publicly engaged in dealing with the product runs a serious risk of being shut down and investigated for criminal activity. In terms of individuals, as mentioned yesterday, ownership currently appears to be 100% legal, but no one would be surprised if that government stance changes.