Blockchain is being investigated by Russia because of suspected income laundering connected to Bitcoin – Bitcoints

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Published on November 1st, 2017 | by bitcoin

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Blockchain is being investigated by Russia because of suspected income laundering connected to Bitcoin

Blockchain is being investigated by Russia because of suspected income laundering connected to BitcoinRussia’s increasingly formal approach to Blockchain and cryptocurrency continues as the country activates its anti-VPN law Tuesday.
Local news outlet RBK reported this week that the state Duma had opted to order “expert analytical research and opinion polls” relating to Blockchain for 2018.
The tools will form part of a government desire to research “standard legal regulation of Blockchain technology uptake on Russian financial markets based on global experience,” the Duma’s financial markets committee and first vice-speaker Aleksandr Zhukov confirmed.
Russian president Vladimir Putin appeared to seek an end to the contradictory government position on cryptocurrency regulation last month, calling for tightened, formalized controls on markets.
Failure to comply will result in the VPN provider itself being blocked by state regulator Roskomnadzor, but the law only applies to the private use of those networks.

Source: Cointelegraph.com

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