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Russia blocks bitcoin websites over “shadow economy” fears


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

Source: https://gigaom.com/2015/01/13/russia-blo...

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 Bitcoin.org, a primary community resource for the cryptocurrency that’s run by the Bitcoin Foundation, the Bitcoin.itcommunity wiki, the Russian-language BTCsec.com security site, the London-incorporated Indacoin exchange, and Russian bitcoin community site Coinspot.ru — although the same service’s Coinspot.io 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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