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The St. Petersburg Court reverses its decision to block websites linked to Bitcoin

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The St. Petersburg Court of First Instance overturned a court of first instance decision to block websites that post information on for only $ 39 a month

bitcoin, the joint press service of the city's courts reported, according to Russia Today.

The regulation of bitcoin and cryptocurrencies continues to lead to conflicting actions among Russian government officials.

In May, the Oktyabrsky District Court of St. Petersburg decided to block websites that publish information about Bitcoin.

The City Court overturns its decision

On Tuesday, the city court overturned this decision after hearing an appeal.

"The case is referred for re-consideration by another court chamber," the report says.

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The St. Petersburg Public Prosecutor's Office appealed this decision in order to supervise the execution of the "special purpose of the regime" laws and acting on behalf of the Russian Federation and an indefinite group of people. The regional department of Roskomnadzor was the interested person.

The District Court had stated in its decision that the free distribution of "electronic money" entailed the use of cryptocurrency in the trade of drugs, weapons, counterfeit documents and other illegal 39, other criminal activities. The court said that cryptocurrencies, including bitcoins, support the growth of the underground economy and can not be legally used in the Russian Federation.

It also reads: The Russian parliament discusses the legalization of bitcoin

Russian officials continue to debate Bitcoin

In June, at the International Economic Forum in St. Petersburg, Olga Skorobogatova, Vice President of the Central Bank of Russia, said that she considered cryptocurrencies as the future and even claimed that the countries would no longer adopt national digital currencies. . She revealed that the central bank was testing digital currency pilots.

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Deputy Finance Minister Alexei Moisev, who spoke about the issue last April, said that Russia could recognize and regulate bitcoin and other cryptocurrences in 2018. At the time, 39 was a reversal of the official who had proposed imprisoning bitcoiners in the country.

A few days later, the Fintech chief of the Bank of Russia, Maxim Grigoriev, canceled these expectations, declaring that the status of cryptocurrencies in Russia was still under discussion at the time and that the speculative results were premature .

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On June 1, the head of the Bank of Russia, Elvira Nabiullina, said that Bitcoin would not be considered a currency in the country and that it would be regulated as a "digital asset". At the time, she said that the bank did not see any huge benefits in introducing cryptocurrencies into the Russian economy, but rather saw doubts and associated "risks" to digital currencies.

Russia's attitude towards bitcoin and digital currencies once wreaked havoc. Ulmart – essentially a Russian counterpart to Amazon – tried last February to start accepting bitcoin payments, but was stopped by the country's central bank.

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