Bitcoin is a virtual currency that managed to captivate the popular online business . Fluctuation value continues to increase and is now worth jumped to U.S. $ 1,000 per Bitcoin .
But the currency sparked concerns many people because it is not widely accepted and not recognized by legal entities and central banks around the world .
China is one country that does not recognize the currency and now Russia also banned the use of Bitcoin . The Russian government calls the use of virtual currency that can be used for money laundering or financing of terrorism.
" Anonymous payment systems and cyber currency in circulation is quite large - including the most popular is Bitcoin - is a substitute for money that can not be used by individuals or legal entities , " said Attorney General's Office of Russia , as quoted by Reuters on Monday ( 10/2 / 2014 ) .
Russia also confirmed Attorney General contained in Article 27 of the federal law of Russia , " the official currency of the Russian Federation is the ruble . Introduction of monetary units and other money substitutes are prohibited . "
Earlier, Russia's central bank also expressed Bitcoin trading is highly speculative and carries the risk of currency units large . While in the United States, the Bitcoin community are under intense scrutiny after authorities eradicate the illegal activity by using digital currency .
Problem cases of money laundering using Bitcoin , late January 2013 , Vice President Bitcoin Foundation Charlie Shrem indicted by the U.S. Attorney has made money laundering conspiracy for distributing cash online currency Bitcoin .
Shrem also charged with operating a business distributing unlicensed money . Value for money laundering was estimated at U.S. $ 1 million or around Rp 12 billion .
SOURCE : Liputan6
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