Bitcoin runs into Russian rules and regiments

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Reuters

By Alun John (Reuters) – Bristling tensions and looming laws in Europe could offer clues to two questions: Can bitcoin be a safe-haven asset? And can Russia emerge as a crypto superpower? The answer to the first, for now at least, is no; while fortress gold has risen 2.3% over the past week, as Western warnings about Russian aggression have intensified, bitcoin has lost 3%. That was worse than the 0.9% decline of the Nasdaq Composite index. “I don’t see any evidence of bitcoin being a safe haven,” said Chris Weston, head of research at Melbourne-based brokerage Pepperstone. “The Ukraine situat…

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