Bill

A bill regulating Bitcoin and cryptocurrency use in Russia is still in the development stage, while local service Cryptonator is already offering a new option that allows online merchants to accept Bitcoin and other major altcoins as payment.

Make no mistake; regulators have one desperate mission when it comes to Bitcoin. Keep it in check. Yet, they don’t seem to be doing a good job there. They are fumbling a lot. Drafting bills, shelving them and going back to the drawing board has become the cycle.

The Russian Ministry of Finance is against any "outright ban" of Bitcoin and cryptocurrencies.

Russian authorities may abandon the initiative of criminal liability for mining or using cryptocurrencies, or so-called “money surrogates”, reported local news media Interfax on Friday.