Everyone knows that Russia has a love-hate relationship with cryptos and blockchain. While the country promotes the use of blockchain to enhance its economic model, the situation is entirely different when it comes to Bitcoin and the rest of the altcoins.

The discouragement of their use has even gone so far as to shut down news portals and websites promoting crypto. However, a decision taken by the Russian Supreme Court a several days ago ago could lay the groundwork for safer journalism without fear of banishment or legal reprisals.

2017 was the year of cryptos: An astronomical increase in the global market cap, as well as the improvement and diffusion of smart contracts, gave rise to many exciting altcoins and projects as well as industries related to the field of blockchain technologies. The information portals specialized in this area were one of the fastest growing sectors.

However, at the peak of the crypto booming, Russia became famous for its hardening of policies against virtual currencies. Perhaps one of the most controversial decisions was the one taken on May 19, 2017,  by The Oktyabrsky District Court of St.

Petersburg. They ordered the closure of 40 news portals for promoting the use of cryptocurrency, which, according to the Court, was in contravention of several legal provisions: “Free distribution of information on e-currency causes the active use of cryptocurrency in the trade of drugs, weapons, counterfeit documents and other criminal activities. Read more from cryptoslate.com…

thumbnail courtesy of cryptoslate.com