Russian Billionaires Flock to Bitcoin
Russian billionaires Roman Abramovich, Aleksandr Abramov and Aleksandr Frolov are investing heavily in Bitcoin and other Cryptocurrencies through the European Company Blackmoon Financials fund Blackmoon Crypto.
The move comes while the legality of Bitcoin in Russia remains to be determined. Just last week Russian communications minister announced that Bitcoin would never be legalized.
Russia plans to rule on the legality of mining and ICO’s in July of 2018.