, two of the many websites that have been blocked by the Russian government in 2014 attended the first session of Sverdlovsk Oblast court, for an attempt to free the websites from restricted access in Russia.In October 2014, Russia’s Ministry of Finance proposed a draft of the “Russian Bitcoin Ban Legislation”, with hopes to ban bitcoin in Russia by 2015., , , etc. due to a court order. website is to display necessary information for their upcoming conferences in the aforementioned industries, not to promote bitcoin.Moreover, Smile Expo argued that the company covers a vast range of conferences in different industries and does not only specialize in Bitcoin.Smile Expo added that the given resource had simply provided information on the Moscow Bitcoin Conference, for example, not cryptocurrency itself and therefore should be accessible in Russia.“We have no plans to close,” the founder of BTCsec, Ivan Tikhonov, told CoinTelegraph back in January.“We believe this ban is unlawful and we will fight it in court.” presented the case that public discussion about the topic of cryptocurrency should be allowed, regardless of the proposal to ban the “distribution of information” on the cryptocurrency technology.

“ to be cancelled as I deem it illicit, and think the whole trial involved evident flaws.One should remember that cryptocurrencies are not banned in Russia for now, and no information concerning them cannot be considered as information forbidden for distribution within the Russian Federation.I believe they stand to win.” The Sverdlovsk Oblast Court decided to carry on with the hearing under general trial jurisdiction on May 15.Did you enjoy this article?You may also be interested in reading these ones:Yury Chikhanchin, the Director of the Federal Financial Monitoring Service in Russia warned about the future collapse of the MMM Pyramid Scheme of Sergei Mavrodi in China.Chikhanchin explained the risks at the conference "Risks and Challenges for the economies of the BRICS", wrote TASS."From the media, we know that MMM, with Sergei Mavrodi in charge, is currently expanding its activity in China.Russia has witnessed the collapse of a similar system by Mavrodi in the past, and thousands of defrauded investors still cannot recover their money until this day.

I'm afraid our Chinese friends will face the same outcome."Chikhanchin, the low level of financial literacy within the population often leads to the growth of economic crimes and frauds.litecoin historyHowever, he believes that this is a problem not only for developing countries but also for mature economies.bitcoin dice bettingMMM also works in Indonesia, South Africa, India, Bangladesh, and Ukraine.bitcoin forum greeceOn August 1, Sergei Mavrodi held a presentation of MMM in the Kingdom of Lesotho, South Africa.which litecoin mining pool should i joinMMM China presents itself as a "community of ordinary people who selflessly help each other" and not as an "investment fund with higher stakes" which it used to be in Russia, wrote TASS.lake bitcoin exchange

The organization promises 30% profit per month as new fund investors send bitcoins as a means of "mutual assistance" to those who became the members of the pyramid before them.bitcoin charts plnPreviously Sergei Mavrodi stated in the interview to Finance Today’s Izabella Kaminska that he is the man behind the Bitcoinrally in the beginning of November.sell bitcoin phShe's not the only one, as there are some other experts who suppose that the recent Bitcoin price fluctuation could be caused by MMM activity in China.uk bitcoin vpsYury Chikhanchin from Russia’s Federal Financial Monitoring Service is not the only person to warn citizens of China and other countries targeted by MMM about the dangers coming from this “transparent” Ponzi scheme.bitcoin surge in price

Bobby Lee, the CEO at BTCC issued a warning to his customers and bitcoin investors that BTCC is in no way affiliated with such schemes.1/ We've had reports of dubious "investments" involving #bitcoin.These may be ponzi schemes designed to steal your bitcoins.— BTCC (@YourBTCC) 14 октября 2015 2/ Please be cautious when making any investment decision, and verify the legitimacy of both the investment and anyone making the offers.— BTCC (@YourBTCC) 14 октября 2015 3/ If you believe you have received a solicitation that appears to be associated with BTCC, please report the incident to [emailprotected] — BTCC (@YourBTCC) 14 октября 2015 4/ You can expect to see @CoinDesk or @CoinTelegraph reporting on this in the coming days :) — BTCC (@YourBTCC) 14 октября 2015 MMM company founded by Mavrodi has been recognized as one of the largest pyramid schemes in Russia.According to experts it had about 10-15 million depositors in 1989-1994.

After the company's collapse in February 1994, at least 50 people who deposited their money in MMM have committed suicide.The investigation recognized more than 10 thousand people to be the victims of this Ponzi scheme company, but according to some experts the number of defrauded investors is actually closer to 10 million.Mavrodi tried to escape the investigation but was caught in Moscow with a fake ID and arrested in January 2003.In April 2007, the court found him guilty of fraud and sentenced him to 4.5 years in prison.CoinTelegraph recommends everyone to stay away from MMM Global, a suspected scam company being run by a known convict.Join our Telegram Channel!Get Bitcoin News stories in Telegram × DismissThe Russian Bitcoin Ban is still incoming, so it seems.Russian telecom regulator Roskomnadzor has finally acted on a court order from 2014.Russia is currently blocking access to several (seven at last count) Bitcoin-related sites.These websites have been blocked because Bitcoin contributes to the growth of the shadow economy.” Some feel that this is just a warm-up for the upcoming Russian Bitcoin ban.

Last year, Russia’s Ministry of Finance revealed a full draft of their proposed Russian Bitcoin Ban legislation.Russia’s stated goal has been to ban Bitcoin by 2015, despite some misgivings from the Bank of Russia.Also read: Russian Bitcoin Ban Plans to Fine Digital Currency Users As any Bitcoin believer will tell you, the Bitcoin network is incredibly difficult to block because of its p2p nature.Just imagine the difficulty that the world’s governments and corporations have had trying to stamp out BitTorrent, and you’ll have a semblance of an idea of why any Bitcoin Ban is a cause of confusion.However, it is now clear that Russia is continuing with its stated plan to ban Bitcoin by the end of 2015.We’ve previously heard that the Russian government would fine users found to be “creating, mining, or issuing Bitcoin or other digital currencies.” The fines would be between 30,000 and 50,000 rubles for individuals and up to 1,000,000 rubles for business or legal entities.Just today, the Russian government has revealed their other tool in their planned ban: blocking Bitcoin-related websites.

was planning Russia’s first Bitcoin conference.The complete list of blocked services, thus far, is (Please comment and share if any others are down): The Roskamnadzor has a tool that allows you to check if your website is being blocked by the Russian government which you can use here.Igor Chepkasov, Chairman of the Crypto Currencies Foundation of Russia, told CoinDesk that these preliminary website blocks are likely a “dress rehearsal for the prohibition of bitcoin in Russia.” One of the blocked services, Coinspot, posted to their blog to explain the situation as best they could: […]no one contacted directly, the decision was made ​​unilaterally, we have no idea where is the court of the city Nevyansk, and what he has to do Cryptocurrency and the Internet in general.Coinspot additionally questioned the Russian government actions, especially since the proposed Bitcoin Ban hasn’t even been enacted yet.Once again, we recall that there is no single statute prohibiting the use Cryptocurrency in Russia.