Crypto News 

Russia says it will crack down on bitcoin

“Last month, China banned cryptocurrency exchanges and initial coin offerings, while South Korea banned initial coin offerings” reports thehill.com. Russia looked poised for a crackdown on cryptocurrencies Tuesday, after Russian President Vladimir Putin called cryptocurrencies risky and the country’s central bank said it would block websites selling bitcoin and other cryptocurrencies.On Tuesday, Sergei Shvetsov, a top official at the Russian central bank, criticized bitcoin transactions as “dubious.” “We cannot stand apart.Russia’s decision to clamp down on digital currencies comes one month after Russian Finance Minister Anton Siluanov said that he would move to regulate bitcoin use.In the United States, the Securities and Exchange Commission has said that it would regulate some types of initial coin offerings — a cryptocurrency fundraising method used by some small companies — as securities.
 
Source: thehill.com



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