#Russia

Russian Anonymous Marketplace aka RAMP that has been selling drugs for bitcoin since 2012 was shut down by Russian law enforcement.

Last week, Russian police arrested three men for illegally trading in 500 million rubles worth of bitcoin, or around $9 million worth of the cryptocurrency. Arrests were made approximately 260 miles northeast of Moscow in the city of Kostroma. 

The chief internet advisor to Russian President Vladimir Putin has announced the creation of a new association focused on blockchain and cryptocurrency.

Russia’s ministry of finance intends to ban selling bitcoins to individuals, the deputy minister of finance Alexei Moiseev stated in his interview with Rossiya-24 news channel.

German Sterligov, an eccentric Russian entrepreneur, has launched a cryptocurrency exchange named CryptoSterlingClub Alice.

Burger King’s Russian division has announced it is now offering Whoppercoin, its own cryptocurrency named after the signature burger serves by the company.

According to Vedomosti that reference their unnamed sources at the ISO (International Standardization Organization), Russia’s Federal Security Service (FSB) is represented in the special committee for blockchain standardization.

Eccentric Russian entrepreneur German Sterligov has announced that he is going to open the first official bitcoin store in Russia. However, this advocate of ‘spiritual bonds’ notes that bitcoin prices at his store will always be higher than those on the market.