Open Source Subnet An independent Open Source community View more

Russia blacklists official Bitcoin websites

Cryptocurrencies appear to be on their way to prohibition in Russia.

121114 bitcoin

Citing a court ruling in the country from September, Russia’s media regulator Roskomnadzor has blocked five websites containing resources and information on Bitcoin, including the Bitcoin Foundation’s Bitcoin.org.

A Russia Today article reports that Roskomnadzor has also banned "Russian-language forum btcsec.com, Wikipedia-style information site bitcoin.it, Russian bitcoin community coinspot.io as well as exchange service indacoin.com."

Even Bitcoin’s proponents don't see Bitcoin surviving in Russia. Igor Chepkasov, chairman of the Crypto Currencies Foundation of Russia, told CoinDesk that the censorship of Bitcoin information on the country's public internet, among other measures taken against the technology, "is a dress rehearsal for the prohibition of Bitcoin in Russia."

It's just the latest in a long-running series of ominous signs for Bitcoin in Russia. Although the country's Ministry of Economic Development warned last year that a ban on cryptocurrencies could hurt the country's economy, along with its retail, banking and telecom industries, Russia’s Deputy Finance Minister Aleksey Moiseev said in September that the country would pass a law prohibiting the exchange of alternative currencies for cash by this spring of this year, according to Russia Today.

Russia joins a handful of other countries that have grown increasingly suspicious of Bitcoin in the past few years. Bangladesh, Ecuador, Iceland, and Kyrgyzstan have outlawed cryptocurrencies so far, while China, India, Indonesia, Jordan, Lebanon, and Taiwan have heavily restricted its use.

To comment on this article and other Network World content, visit our Facebook page or our Twitter stream.
Must read: Hidden Cause of Slow Internet and how to fix it
Notice to our Readers
We're now using social media to take your comments and feedback. Learn more about this here.