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Russia blocks bitcoin websites over “shadow economy” fears

Russia blocks bitcoin websites over shadow economy fears Tech News and Analysis


The Russian telecommunications regulator Roskomnadzor has blocked access to five bitcoin-related websites because the cryptocurrency “contributes to the growth of the shadow economy.”

The sites include, a primary community resource for the cryptocurrency that’s run by the Bitcoin Foundation, the Bitcoin.itcommunity wiki, the Russian-language security site, the London-incorporated Indacoin exchange, and Russian bitcoin community site — although the same service’s address is not blocked, according to Roskomnadzor’s handy site-block checker.

Stashed in: Russia and Friends, @om, Bitcoin

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Another setback for Bitcoin. It needs to decouple from the shadow economy if it is to succeed. 

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