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By Denis Pinchuk and Elena Fabrichnaya

SOCHI, Russia, Oct 10 (Reuters) - Chairwoman Vladimir Vladimir Putin aforesaid on Tues crypto-currencies were risky and victimised for crime, as Russia's fundamental coin bank aforesaid it would blockade websites selling bitcoin and its rivals - a vary of tone of voice from a month-older hope to legitimize the commercialise.

Central Banking concern Start Lieutenant Regulator Sergei Shvetsov told a conference in Capital of the Russian Federation that the currencies were "dubious" and investors requisite to be saved.

"We cannot stand apart. We cannot give direct and easy access to such dubious instruments for retail (investors)," Shvetsov said.

Around 1,000 miles (1,600 km) boost in the south in the recur of Sochi, Vladimir Putin told reporters that crypto-currencies could be victimized to wash money, hedge taxes and finance terrorism.

"The usage of crypto-currencies carries serious risks. I know the central bank's position on that," Putin said.

"Crypto-currencies are issued by an unlimited number of anonymous bodies. Thus buyers of crypto-currencies could be involved in unlawful activities," Putin aforementioned.

Russian financial regime ab initio treated whatsoever variety of money issued by non-nation approved institutions as illegal, locution they could be put-upon to wash money.

But Finance Diplomatic minister Anton Siluanov said final calendar month that the government had to take that the practical currencies existed.

"There is no sense in banning them, there is a need to regulate them," Siluanov said in September, adding that his ministry was running on a natural law including adjustment of those uncoerced to purchase the practical money.

There was no unitary straight off available to notice from the finance ministry on whether the unexampled comments on Tues meant that design was straightaway short.

On Tuesday, Shvetsov told a group discussion on financial securities industry derivatives in Moscow the central rely sees rise concern in crypto-currencies because of high-pitched returns to date.

He said they gradually transformed into high-giving up assets from being substance of payment.

Bitcoin, the about well-known virtual currentness that emerged in mid-2010, finish traded at about $4,807, up from its initial Leontyne Price of less than $1.

"We think that for our citizens, for businesses the usage of such crypto-currencies as an investment object carries unreasonably high risks," he said. (Committal to writing by Andrey Ostroukh; Editing by Andrew Heavens)
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