Russian Central Bank to consider exchange of virtual currencies as potential involvement in dubious operations

January 27, 2014 RBTH, Interfax
The Russian Central Bank warns Russian enterprises that it will consider exchange of virtual currencies

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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