Despite the less-than friendly relationship Russia has had with Bitcoin over past years, the Bank of Russia has recently revealed that there are no plans to ban Bitcoin or to limit its use. Olga Skorobogatov, Bank of Russia Deputy Chairman has recently stated: Despite the less-than friendly relationship Russia has had with Bitcoin over past years, the Bank of Russia has recently revealed that there are no plans to ban Bitcoin or to limit its use. Olga Skorobogatov, Bank of Russia Deputy Chairman has recently stated: “It became clear that it is not straightforward to address Bitcoin with existing financial regulation. Regulators and financial agencies agree to not prohibit the use of Bitcoin. Instead, we want to gain a better understanding of Bitcoin, and build a regulatory framework we have gathered the necessary knowledge.” However, the regulatory status of Bitcoin and other cryptocurrencies still remains a mystery to many in the country. These are often left to wonder how they s
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