Bitcoin News / Bitcoin.com - 1 year ago
The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the...
Bitcoin News / Bitcoin.com - 1 year ago
Digital financial assets (DFAs) for a total exceeding $26 million have been issued in Russia in the past year. This new market has been developing since it was regulated in 2021 and the country’s monetary authority started licensing issuers in the fo...
Cryptocoins News / Blockchain - 1 year ago
Sberbank executive Alexander Vedyakhin believes blockchain technology could help Russia solve current settlement issues, offering new capabilities for payment systems. (Read More)
Bitcoin News / Bitcoinist - 1 year ago
One of the reasons regulators frown at crypto transactions is anonymity. For instance, with crypto mixers such as Tornado Cash, crypto users can send and receive money without compromising their personal information.
Unfortunately, this system also...
Cryptocoins News / The Cointelegraph - 1 year ago
There is no technical reason preventing Russia from creating its own blockchain-based system, blockchain provider Fuse Network’s CEO believes. The adoption of blockcha...
Bitcoin News / Bitcoin.com - 1 year ago
The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in the country that can legally tokenize tradit...
Bitcoin News / Bitcoin.com - 1 year ago
A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurren...
Bitcoin News / Bitcoin.com - 1 year ago
Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions with a new blockchai...
Bitcoin News / Bitcoin.com - 1 year ago
Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The platform is restricting access to peer-to-peer (P2P) transactions in U.S. dollars and euros for traders based in...
Bitcoin News / Bitcoin.com - 1 year ago
Internet users in Russia have been targeted in an email campaign advertising the launch of an alleged cryptocurrency issued by the state. Potential victims are encouraged to follow a link to the website of the fraudulent investment scheme, security e...
Cryptocoins News / Blockchain - 1 year ago
The Russian Association of Crypto Industry and Blockchain (RACIB) has written an open letter to President Vladimir Putin urging him to address the risks of delayed cryptocurrency regulations in Russia. The letter argues that Russia has been too slow...
Bitcoin News / Bitcoin.com - 1 year ago
On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been settl...
Cryptocoins News / The Cointelegraph - 1 year ago
Russia’s existing regulatory stance on the cryptocurrency industry would potentially lead the country to “direct financial losses,” the RACIB argued. As Russia continu...
Bitcoin News / Bitcoin.com - 1 year ago
The organization representing Russia’s crypto and blockchain sector has urged Vladimir Putin to spur regulatory efforts. The association fears the Russian Federation may lag behind other nations if it maintains its conservative approach towards new f...
Bitcoin News / Bitcoin.com - 1 year ago
The government of North Macedonia believes that an ongoing wave of false bomb threats against public targets in the country is coming from Russia and Iran. The authorities in Skopje also say that payments related to the attacks have been made with cr...
Bitcoin News / Bitcoin.com - 1 year ago
Three Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. In addition, the court has also ordered them to fully compensate the victim for the damages, prosecutor...
Cryptocoins News / The Cointelegraph - 1 year ago
While tens of millions worth of crypto were donated to Ukraine in the last year, pro-Kremlin groups have also leveraged digital currencies to buy military supplies and spread propaganda....
Bitcoin News / Bitcoin.com - 1 year ago
The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition o...