Russia Wants to Ban Virtual Currencies Like Bitcoin by 2015

What Russian lawmakers want is to allow people to use their cryptocurrencies as they please, but they can’t use these “surrogate currencies as tender,” as stated by Aleksey Moiseev, the Deputy Finance Minister.

“We will discuss this law in the current session of parliament, and possibly even pass it then, or at the very latest by spring next year. We are currently dealing with comments from the law enforcement agencies, about the specifics of legal measures, and we will take their remarks into account. But the overall concept of the law is set in stone,” Moiseev added.

Officials say that they will open criminal proceedings against those who mint digital currency, but also against those who use them for transaction, while asking regulators to ban access to exchanges and online stores that accept Bitcoin.