Russian Crypto Site Sees Overturned District Court Decision

Russian Court Gives Crypto Media Website A Clean Chit

In a recent development about the ongoing case of the Bitcoin-related website, the prosecutors faced a major setback and the company secured a great win when the St. Petersburg City Court overruled the District Court’s earlier decision to ban the website.

As per the initial reports, local prosecutors had filed a request for a complete ban on the website as it displayed content about cryptocurrencies. At the time, there was an ongoing ban on all crypto-related knowledge resources and a digital currency like Bitcoin was not legal in the country. The prosecutors mentioned the following factors as evidence of their case – lack of government control in handling cryptocurrencies, increase in development of shadow economy and no appropriate consumer rights in place for the product.

Russian Court Declares its Previous Ruling to be Invalid

The decision of the court was reported by the local sources on June 4. The District Court had made the decision of blocking the website in July 2016. Following this, the owner of the website filed a complaint and consequently, the case was transferred to the City Court by the Supreme Court of Russia. A representative of the website also mentioned that the website owners were not involved by the prosecutors at the time of filing the case and they did not even ask for the removal of the debated content that was assumed to be ‘illegal’. It also came out that the owners were not even present when the case was heard in the court.

This is not the first time when the District Court has made such a ruling. Previously, the trial court of the city had decided to ban as many as forty Bitcoin-relevant websites and this was declared invalid as well. The ruling then was supported by the statement that those websites contained no information about their owners and the content delivered by them was not backed up by real evidence.

It is also worth mentioning that the district court’s current decision has come a few days before July 1, when the upcoming crypto regulatory framework would be considered in detail. This initiative has been taken with the direction from the Russian President Vladimir Putin and is supported by the Russian State Duma’s Committee for Legislative Work. An important inclusion in this framework is a bill on “Digital Financial Assets” that was announced previously in the month of March.

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