Bitcoin Forum

Bitcoin Trademark, Issued for the first time in Russia

Bitcoin and Russia have had some tough times so far. The government is not interested in having bitcoin around, but they definitely want to explore the use of blockchain technology in banking and financial sector. However, ‘Bitcoin’ did get its date with the legal and regulatory system in the country after the ‘Bitcoin’ trademark was approved by the concerned trademark registration office.

The number of bitcoin users in the Russian Federation is increasingly on a regular basis. But, at the same time, the government is doing all it can to stop people from using it. Earlier this year, the Russian Ministry of Finance had passed a draft regulation that made converting bitcoin to ruble illegal, punishable by imprisonment and a penalty.

http://www.newsbtc.com/2016/04/18/bitcoin-trademark-issued-for-the-first-time-in-russia/