The Russian Central Bank warns Russian enterprises that it will consider exchange of virtual currencies, in particular bitcoins, for rubles, foreign currencies and goods (works and services) as a potential involvement in dubious activities in accordance with the law on fighting laundering illegally obtained funds and financing terrorism, the Central Bank press office said in a statement.

Russia's cryptocurrency response to bitcoins

The man behind the project is Alexander Borodich, best known for his MyWishBoard peer-to-peer wishlist platform. Borodich says a test batch of 5 million virtual wishcoins was "minted" in mid-October 2013 and circulated at a "symbolic exchange rate" of 100 wishcoins per 5 rubles. Read more>>>

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