MOSCOW (Sputnik) — Despite the fact that now there is little evidence that Bitcoins are used in terrorism and drug trafficking, their turnover in five years will be "catastrophic," Buyanov said.
"Over the past two years, drug dealers in Russia used Bitcoins 20 times more," FDCS Operational Search Department deputy head Dmitry Buyanov said.
Unlike traditional currencies, bitcoin has no material form and global currency regulation does not apply to it. An unlimited number of anonymous sources can issue and use the cryptocurrency.
Russian law bans the issuance of any currency not approved by the Central Bank of Russia.