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.
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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.