Bitcoin News / Bitcoin.com - 2 years ago
The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on the matter comes after it softened its sta...
Bitcoin News / Bitcoin.com - 2 years ago
Bits.media, a leading news outlet in Russia’s crypto space, has been blocked by Russia’s telecom and mass media watchdog, Roskomnadzor. The site is now inaccessible through most Russian internet providers, the online edition announced,...
Bitcoin News / Bitcoin.com - 2 years ago
Last week the Russian ruble hit a seven-year high against the U.S. dollar and while analysts have downplayed the rise, one economist said people should not “ignore the exchange rate.” American economists have been perplexed abou...
Bitcoin News / Bitcoin.com - 2 years ago
Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of debt issued by a third party and its subsequent acquisition....
Bitcoin News / Bitcoin.com - 2 years ago
Rosfinmonitoring is conducting hundreds of investigations into cases involving cryptocurrencies, the head of the agency announced. Hundreds of thousands of Russians take part in crypto deals abroad, the top regulator also reported to the Russian pres...
Cryptocoins News / The Cointelegraph - 2 years ago
Kirill Pronin, head of Russian Central Bank (CBR)’s Department of financial technologies, acknowledged the possibility of crypto mining legalization under certain conditions. A public acknowledgment like this makes a rare case, as the CBR continues t...
Bitcoin News / Bitcoinist - 2 years ago
Russia has approved a draft bill that exempts cryptocurrency issuers from Value Added Tax (VAT). This move is to further strengthen its pro-crypto stance through its legislation. The lower house of Russian legislature, The State Duma has passed this...
Cryptocoins News / The Cointelegraph - 2 years ago
VTB Factoring, a subsidiary of Russia’s state-owned bank, reported the first major deal with digital finance assets. As part of the deal, the bank subsidiary acquired a tokenized debt pool of the engineering company Metrowagonmash, issued via the fin...
Cryptocoins News / Finance Magnates - 2 years ago
VTB Factoring, a subsidiary of Russia’s state-owned bank VTB, announced on Wednesday that it had conducted the first cash-backed major transaction with crypto assets. Take Advantage of the Biggest Financial Event in London. This year we have expand...
Bitcoin News / Bitcoin.com - 2 years ago
Russian lawmakers have approved amendments regulating the taxation of transactions with digital assets. The legislation concerns business operations with cryptocurrencies and tokens. In some cases, the burden for Russian companies will be reduced as...
Cryptocoins News / The Cointelegraph - 2 years ago
The State Duma, the lower house of the Russian legislature, has passed a bill on the taxation of digital assets that exempts their sale from value-added tax (VAT) in the Russian Federation. Some other services of digital asset exchanges will also be...
Bitcoin News / Bitcoin.com - 2 years ago
According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had not received payments from the transcontinental country. However, Russia’s finance ministry...
Bitcoin News / Bitcoin.com - 2 years ago
The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of 2023. Trials with real transactions and users are...
More / Bitcoin Reddit - 2 years ago
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Bitcoin News / Bitcoin.com - 2 years ago
A bill introducing financial penalties for those who illegally issue or exchange digital financial assets has been filed in the Russian parliament. The legislation has been submitted by the sponsor of another draft law banning their use as a means of...
Bitcoin News / Bitcoin.com - 2 years ago
The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts and transactions related to real estate and crypto...
by COINS NEWS - 2 years ago
The new Russian system will be used for international trade settlement for imports and exports. China, India, Southeast Asia, Africa, and Latin America are expected to embrace the new system. US and EU sanctions on Russia have apparently spurred Russ...
Bitcoin News / Bitcoin.com - 2 years ago
Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 pe...
Bitcoin News / Bitcoin.com - 2 years ago
The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used i...
Bitcoin News / Bitcoinist - 2 years ago
The third-largest oil producer in Russia has joined forces with BitRiver, a bitcoin mining business based in Switzerland, to mine bitcoin utilizing spare resources. BitRiver will construct the digital infrastructure at the Russian oil fields of Gazpr...
Cryptocoins News / The Cointelegraph - 2 years ago
The Russian government continues to establish links with major players in the cryptocurrency mining industry despite staying skeptical about legalizing cryptocurrency trading and payments.Russia’s state-owned gas giant Gazprom Neft has entered into a...
Cryptocoins News / CoinJournal - 2 years ago
Money laundering is an issue that is often branded about in mainstream media as a downside to cryptocurrency. The covert nature, lack of regulation and ability to avoid procedures such as KYC are a few reasons detractors give when accusing cryptocu...
Bitcoin News / Bitcoin.com - 2 years ago
Cryptocurrencies can be used for international payments if they don’t penetrate the Russian financial system, the head of Bank of Russia has stated. The governor also insisted that the digital assets should not be traded on platforms operating...
Cryptocoins News / The Cointelegraph - 2 years ago
Russia’s central bank governor Elvira Nabiullina is the latest official to confirm that the country is warming to the idea of cryptocurrency payments, but not domestic ones. According to Nabiullina, cryptocurrencies can be used in cross-border or in...
Cryptocoins News / Blockchain - 2 years ago
One of Russia’s largest financial institutions, Sber, is well on track to begin trading Digital Financial Assets (DFA) on its newly developed trading platform. As by the TASS state-sponsored news agency, which interviewed Anatoly Popov, Deputy Ch...
