Roskomnadzor will close 40 exchangers of crypto currency by court decision
The Oktyabrsky District Court of St. Petersburg issued a decision on the blocking of just forty exchangers of crypto-currency. The ban included even the largest exchange offices, including BestChange, WW-Pay and others. Here is the complete list of exchangers subject to blocking:
Obviously, soon all the above exchangers will be in the register of Roskomnadzor.
2 ridiculous reasons why they close the exchangers of crypto currency
The court made this decision on the basis of 2 reasons: “The specified crypto currency [bitcoin and other] is not provided with real value, does not contain information about its holders.”
For every reason, there are questions:
- The dollar is also not provided with real value. Why did the St. Petersburg court not ban the still American currency?
- Does not contain information about its holders. How was the telegram that was recently tried to ban, but could not?
Further, the court statement says that the mining and bitcoin transactions are completely decentralized, “there is no possibility of their regulation, including from the state, as well as the crypto currency does not require the maintenance of special reporting documentation.”
Bitcoin exists for 8 years, Russia lags behind the US for 4 years
So the court comes to a striking conclusion:
Free distribution of information on e-currency causes the active use of crypto currency in the trade of drugs, weapons, counterfeit documents and other criminal activities. These facts, as well as the possibility of uncontrolled transfer of funds and their subsequent cashing, are prerequisites for a high risk of potential involvement of the crypto currency in schemes aimed at legalization (laundering) of proceeds from crime and financing of terrorism, which entails a violation of the rights and legitimate interests of an undefined circle persons who have access to it, which is the basis for the prosecutor’s application to the court in accordance with Part 1 of Art. 45 of the Civil Procedure Code of the Russian Federation.
The wording does not stand up to any criticism: it’s like punishment for a crime that has not yet been committed.
By the way, with respect to bitcoin, the US came to such conclusions and banned the bitcoin back in 2013, and now investors from Wall Street are pouring large investments into the crypto currency. Russia only has to go through it.
All the more strange this argument is against the backdated statements made by the Ministry of Finance on the safety of bitcoins for the Russian economy, as well as statements about the importance of a qualitative leap and positive trends in the authorities’ perception of the introduction of crypto-technologies that have been outlined recently.
In conclusion, it remains to say that all these exchangers are still working and they can make transactions in all areas. Also in the future, the lock can certainly be easily bypassed. But the gap between our Government and the judiciary is alarming. While the world’s crypto currency is gaining financial and legal power, Russia is stalling. Vladimir Putin warned that we can not afford to lag behind the leading countries in the sphere of blockade, but they did not hear it? In the light of these events, the most correct decision will be to look at foreign exchanges like Poloniex.