Russian Economic Development Minister Calls Bitcoin Worse Than Casinos
Russia moves quickly in its push against Bitcoin and other decentralised currencies, as it first issued a ban on access to exchanges, then followed that up with a state-mandated currency.
This play is to seemingly control the burgeoning cryptocurrency market within its state borders, allowing the government to be in charge of digital currencies and of course to tax them.
The Russian regulatory model is one that is seemingly not against digital currencies, but against ones that are decentralized and not controlled by powerful officials. This has in turn seen more and more of those at the top in Russia come out and slander Bitcoin.
Better to stop fighting it and figure out new ways to embrace it that will still pay for it's use.