alexi novotny may have reached the end of the line in his bid to enter next year's presidential race. the country's election commission has rejected his candidacy, setting a past conviction. he is a kremlin critic and says the move is only meant to stifle opposition to vitamin. >> election commission's vote was a setback for novotny. 12 of the 13 members reported a motion to bar him from running in the next election with one member staining. the opposition leader was ineligible due to a past conviction for embezzlement. >> the crime which he was charged with is a serious one. this deprives a person who committed that crime of the right to run for the post of russian federation president. >> the charge was trumped up to report his political ambitions. speaking before the vote, the kremlin critic said a candidate was needed to confront the country's problems. >> is not about novotny but a candidate is needed who will finally speak openly about everything taking place in our country have. one who will describe how reality honestly, the lack of any future prospects and the poverty, i did

was cheered on by over seven hundred supporters in a marquee on the banks of the river moskva works novotny has been banned from running in elections until twenty twenty eight the election commission says a suspended sentence for food makes him ineligible for the valley says that was politically motivated he's a fierce critic of president vladimir putin who is widely expected to win reelection in march. you bloody me a putin who turned our country into a source of personal enrichment for yourself your family and your friends. that is why you should not be president any more you are a bad president you know you don't have good policies and you don't know how to run a country we will defy you in these elections and we are ready to win in the new thatto never only fired his endorsement papers at the election commission on sunday evening if his bid is rejected he has threatened to call for a boycott of the election. now to some of the other stories making news around the world north korea has condemned the latest u.n. sanctions against the country as an act of war state media said the measures

but no huge correction which is why some say a bubble could burst austria's central bank governor novotny says it's high time the regulators moved in he doesn't class bitcoin as a currency but rather a speculative product let's go over to your quarter who's standing by for us in new york way you've worked for decades. correct me if i'm wrong have you ever come across anything as bizarre as this i mean this is this is huge it is pretty wild and it is quite a frenzy that we're seeing right now and i guess there is some buyer's remorse people who left this huge rally it is unusual but i wouldn't necessarily say that i haven't experienced anything like that i was also here around the big dot com hype where we also had some stock some companies without a clear business plan where stocks would shoot up by a thousand percent or so so it is unusual but it's not the very first time that i've seen anything like that ok you're talking about companies with no business plan but here we're talking about the financial infrastructure of an industry we're talking about no regulators no banks no middlemen

. >> the most outspoken putin critic, alexa novotny will not be permitted to run against him. when given a threat to put in? -- the most outspoken putin critic, alexei navalny will not be permitted to run against him. would he have been a threat to vladimir putin? >> he had 60 or 80% of public support. he is not a threat and that sense but navalny has been campaigning all over the country and there have been big crowds coming out to support his presidential election ahead of this decision. the also had -- he also called for big protests and organized big protests this year and it seems that that is what the government is really afraid of, a repeat of the mass protests that happened after the june elections in 2011. and this call for a boycott seems to have maybe spoke the kremlin, they are now calling to check whether that call to boycott the elections that came from him a legitimate and according to the law. >> 70's africa, audit and the other credible contenders that can challenge putin russian ma?k credible is the key word here. >> she said that navalny could join her campa