What has happened?
The City Court of St Petersburg has overturned a District Court's decision to block cryptocurrency media website Bitcoininfo.ru.
What does this mean?
According to the Russian news outlet Tass, the decision came about after the Russian Supreme Court referred the case for consideration to the St Petersburg City Court following a complaint by the site's owner.
“The St Petersburg City Court quashed the District Court’s decision to recognise the information posted on the website Bitcoininfo.ru as prohibited for viewing.”
In July 2016, following an application by local prosecutors, the Vyborg District Court of St Petersburg ruled that Bitcoininfo should be banned.
The local prosecutors had requested the ban on the basis that the website published news and information about cryptocurrencies, which are “outside state control,” “promote the growth of the shadow economy” and “do not have specific consumer properties”.
However, the court had considered the case without the website's owner being present.
Further, following the ban, the City Court also refused the owner's request for an appeal to reconsider the case.
The website owner told Tass that the St Petersburg city's prosecutor's statements showed that about 100 cryptocurrency media sited had been blocked.
This latest ruling, unblocking Bitcoininfo, comes as Russia is in the process of drawing up a cryptocurrency regulatory framework, which is expected to be ready in the summer of this year.
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