Re: A 7-Yr Prison Term for Bitcoin Use, Says Russian Finance Ministry

Quote from: Coinbuddy on March 11, 2016, 08:01:03 AM

A new amendment to the Criminal Code by the Ministry of Finance in Russia sees the regulator for the use of bitcoin propose up to 7 years in prison for management and executives of banks and financial services firms. For the everyday citizen adopting bitcoin, the proposed term for imprisonment is 4 years.

SOURCE: https://www.cryptocoinsnews.com/a-7-yr-prison-term-for-bitcoin-use-says-russian-finance-ministry/

Yeah they also have prison time for weed over there and are pretty harsh on it but people still use weed. I think the news is bullish as it shows the reasons why we need bitcoin in the first place. I know BTC-e has blocked russians so it must be pretty serious though.