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Cryptocurrencies

Russia Central Bank to legalize Bitcoin P2P transactions

Friday 12 June 2015 | 10:44 AM CET

Russia’s Central Bank has revealed plans to soon allow and regulate transactions in Bitcoin.

The Russian Central Bank may soon allow P2P transactions in Bitcoin, as well as other operations with cryptocurrencies, according to Izvestia, a Russian news publication.

The Central Bank has historically been more open to Bitcoin than Russia’s Ministry of Finance. The bank representatives will meet with financial market representatives to discuss how to approach cryptocurrency as a whole in Russia.

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