Russia To BAN WEBSITES Offering Cryptocurrency After China Forces Exchanges To Shut Down


from SilverDoctors:

It looks more and more like putting two and two together equals the beginning of the global fiat currency crisis…

Here’s a question. If websites are blocked, how does one buy/sell or trade their cryptos?

Sure, we get it. A person can VPN into the UK or the Ukraine to bypass the IP address ban, but, if one of the benefits of crypto is the mobility, are they all really going to root their Androids and iPhones to install IP obfuscation, IP spoofing and all the other whiz-bang features not easily offered out-of-the-box? When it becomes a pain to use, where is the utility?

From Reuters:

MOSCOW (Reuters) – Russia will block access to websites of exchanges that offer crypto-currencies such as Bitcoin, Russian Central Bank First Deputy Governor Sergei Shvetsov said on Tuesday.

“We cannot stand apart. We cannot give direct and easy access to such dubious instruments for retail (investors),” Shvetsov said, referring to households.

Speaking at a conference on financial market derivatives, Shvetsov said the central bank sees rising interest in crypto-currencies because of high returns from buying into such instruments.

“We think that for our citizens, for businesses the usage of such crypto-currencies as an investment object carries unreasonably high risks,” he said.

It is a bloodbath across the crypto sphere:

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