Russian prosecutor's office Summons Burger King

in cat •  7 years ago 

The Russian prosecutor’s office has summoned Burger King to explain the issuance of its cryptocurrency called Whoppercoin. Burger King is confident that it has not broken any laws since there is currently no regulation for cryptocurrency in Russia.


Also read: Major Japanese Travel Agency Accepts Bitcoin and Offers Bitcoin-Exclusive Deals 

Russian Prosecutor's Office Summons Burger King for Issuing CryptocurrencyLess than one month after the fast food giant launched its blockchain token called Whoppercoin in Russia, the company was reportedly summoned by the Izmailovo inter-district prosecutor’s office regarding its cryptocurrency.


A Burger King representative told RNS that the company had received two notifications from the prosecutor’s office; one on September 13 and the other on September 19 “with an invitation to the Izmaylovskoy prosecutor’s office on behalf of the prosecutor’s office in Moscow.” He added:

On the instructions of the Moscow Prosecutor’s Office, information was checked that we issued a cryptocurrency and started making payments with it. Accordingly, we were summoned to be reminded that within the territory of the Russian Federation the turnover of any currency other than Russian rubles was banned and all details of this project were clarified.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://news.bitcoin.com/russian-prosecutors-office-summons-burger-king-issuing-cryptocurrency/

Congratulations @lukynick! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @lukynick! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

SteemitBoard supports the SteemFest⁴ Travel Reimbursement Fund.
Vote for @Steemitboard as a witness to get one more award and increased upvotes!