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Russia blocks access to nearly half a dozen Bitcoin-related websites over "shadow economy" fears

By Shawn Knight
Jan 14, 2015
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  1. Russian's telecommunications regulatory agency has blocked accessed to nearly half a dozen Bitcoin-related websites under the guise that it contributes to the growth of the shadow economy.

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  2. VitalyT

    VitalyT Russ-Puss Posts: 3,153   +1,427

    It isn't without a valid concern. Simplification of money flow benefits traders the same as evil doers.
     
  3. Darth Shiv

    Darth Shiv TS Evangelist Posts: 1,621   +376

    The headline wording is a bit ho hum: "nearly half a dozen". I do not get the point of wording it like that? Why not just say 5? Guessing it was 5?
     
  4. Evernessince

    Evernessince TS Evangelist Posts: 1,178   +578

    Have to agree. I think the Russian government is really worried about the illegal economy surpassing the legitimate one. There are many illegal services based in russia and I think this is just one way they are trying to crimp down. The side effect is that the average citizen is losing access to this.
     
  5. HEADLINE:
    Russia blocks access to over a quarter of 20 Bitcoin-related websites over "shadow economy" fears
     
  6. captaincranky

    captaincranky TechSpot Addict Posts: 11,693   +1,882

    Correction: "Russia blocks access to over a quarter, but less than six twentieths of Bitcoin related websites".

    Good for Russia! It's great to see them taking their rightful place on the world economic stage. It should be obvious to all, they no longer want to be thought of as simply exporters of malware, and photos of beautiful naked women! ;)(y)
     
    Last edited: Jan 15, 2015

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