Russian Lawmaker Suggests Nation Could Accept Bitcoin for Oil Payments

Under pressure from a host of Western sanctions, Russia is mulling other currency options for oil sales.

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Here’s why war in Ukraine is bound to transform the nature of donations

When Russia invaded Ukraine, large numbers of people from around the world immediately pledged their support to the country under siege, donating their time and money to the cause. The post Here’s why war in Ukraine is bound to transform the nature of donations appeared first on CryptoSlate.

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FTX CEO criticizes crypto exchanges over their stand on Russia sanctions

Cryptocurrency exchange platforms have been under intense pressure from global regulators to ensure that Russia does not use crypto to avoid Western sanctions. The CEO of FTX, Sam Bankman-Fried, has expressed concern over the stance taken by these exchanges.

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“Decentralized” ETH Wallet MetaMask And Infura Under Fire For Cutting Off Users In ‘Certain’ Sanctioned Regions

With Western nations levying sanctions against Russia for its full-scale invasion of neighboring Ukraine, MetaMask Wallet and Infura users in some jurisdictions have found themselves caught in the crosshairs.

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Bitcoin Rises, Stocks Volatile as Sanctions Roll on Russia

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Crypto exchange Binance hopes for regional expansion in Russia

Binance aims to expand its cryptocurrency exchange in Russia and its neighboring states, where the firm sees possibilities for growth and development under proper regulatory measures.   Binance is hoping to expand crypto activities in Russia.

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De-Dollarization Drive: Russia Could Turn To Crypto For A Way Out Only Under These Conditions

Russia plans to stop all unregulated crypto activities within the country. But the CBR will accept compliant cryptocurrency investment in stablecoins that can be backed by gold reserves to compete against the US Dollar.

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Russia’s Largest State-Owned Bank Introduces Country’s First Crypto and Blockchain ETF

Sberbank, the largest and state-owned Russian bank, has introduced the country’s first exchange-traded fund (ETF) to offer exposure to companies involved in the blockchain industry. The fund launched by the bank is called Sberbank Blockchain Economy ETF that trades on the Russian stock market under the ticker “SBBE,” Sber Asset Management said in a statement.

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Anti-corruption checks to apply to crypto exchanges in Russia

Vladimir Putin's administration has brought in a draft policy for crypto exchanges under its anti-corruption guidelines. The Russian government's website stated that federal security officials can senThe post Anti-corruption checks to apply to crypto exchanges in Russia appeared first on AMBCrypto.

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Bank Of Russia Exec Worried Over Surging Number Of Local Investors Pouring Millions Into Bitcoin

Sergey Shvetsov, Bank of Russia’s deputy chairman has thrown his weight around Bitcoin, this time warning Russian investors against betting on the asset, which he believes is a pyramid scheme poised to tumble going under with investor funds sooner rather than later.

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Kalashnikov Eyes Digital Ruble Settlements as Russia Aims to Replace ‘Dirty Money’

Kalashnikov Group, the Russian firearms manufacturer, is ready to transition to settlements in digital currency. The announcement came from the international economic forum in Saint Petersburg where the central bank of Russia reaffirmed its intention to replace “dirty” and “infectious” paper cash with the digital ruble that’s currently under development.

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Bank of Russia to Pilot Digital Ruble in 2022

First Deputy Governor Olga Skorobogatova said that a digital Ruble prototype will be created in December at a press conference. The asset, based on Distributed Ledger Technology, will likely use open source code that will have centralized control under the bank.

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The State Duma called for enhanced regulation of the cryptocurrencies

On March 2, at a meeting of the Expert Advisory Council under the Council of the Parliamentary Assembly of the CSTO, they called on to pay special attention to the regulation of cryptocurrencies. The CSTO includes countries such as Russia, Armenia, Tajikistan, Kyrgyzstan, Kazakhstan, and Belarus.

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Analysts at Russian government call for crypto exchangers ban

The analytical center under the Government of Russia studied the work of cryptocurrency exchangers and came to the conclusion that their services are mainly used by scammers and criminals. Analysts call for the blockage of the web pages of P2P exchanges in Russia.

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Russia’s Digital Ruble Model to Get Bank-Friendly Redesign

Banks had feared being drained of liquidity under the original concept for the digital currency.

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Russian prime minister proposes legal steps to bring order to crypto market

Russia’s prime minister proposed recognizing crypto as property under the nation’s tax code.

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Russia’s Crypto Mining Farms Would Have to Report to Government Under Proposed Bill

Russian wants all data centers, including mining farms, to report what they do and how they operate. Local experts say that brings risk.

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Russia’s Largest Bank Sberbank Looks to Launch Stablecoin under New Crypto Law

Coinspeaker Russia’s Largest Bank Sberbank Looks to Launch Stablecoin under New Crypto LawThe state-owned Sberbank's stablecoin will be functional on its native blockchain built using the Hyperledger Fabric infrastructure.

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Transparency of Russia’s Blockchain Voting Setup Put Under a Microscope

Russia’s blockchain vote was the largest DLT-powered experiment in the country, but whether it went well or not is another matter.

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Russia to Prohibit Crypto Circulation, Mining, and Ads Under New Draft Law For Digital Assets

Cryptocurrency regulations are quite tricky and up until now, only a few countries can boast of finding the right mix of existing new laws to regulate digital assets fairly. Russia is definitely not among the few of those countries as it always had a passive stance towards privately issued or decentralized cryptocurrencies. After months of […]

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The Case Against The NWA Fund Founders Goes Under the Authority of The United States

Those who have been following the development of the cryptocurrency industry for several years remember very well that in 2017-2018 in Russia, and throughout the world, all kinds of cryptocurrency start-ups developed at a fairly rapid pace, raising funds through ICO.

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Collapsing Petrodollar and Oil Prices could Find Relief in Digital Currency Counterparts

The price of oil continues to tumble lower — WTI crude briefly traded for under $20 per barrel this week. The dollar, dependent on oil, could now in serious jeopardy. The oil price war between Russia and Saudi Arabia shows no signs of slowing down, and US shale will likely see mass bankruptcies in the […] The post Collapsing Petrodollar and Oil Prices could Find Relief in Digital Currency Counterparts appeared first on BeInCrypto.

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Stocks Fall, Bitcoin Rises, as Coronavirus Spreads Wider and Wider

Stocks have continued falling today, down another 1%, as international trade is put under pressure from the outbreak of Coronavirus. Russia was the first to close the border, and now... The post Stocks Fall, Bitcoin Rises, as Coronavirus Spreads Wider and Wider appeared first on Trustnodes.

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Russia’s Largest Darknet Market Is Hawking an ICO to Fund Global Expansion

Here’s one token sale that’s almost certainly illegal, and not just under securities laws.

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Cryptocurrency Might Be Treated as Treasure Under Russia’s Tax Code

Russia might implement an interesting tax method. Local media reported that the Association of Banks of Russia proposes a tax on cryptocurrency mining that is equivalent to the tax on found properties or treasures.

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Apple Under Investigation, Blamed for Unfair Competition in Russia

Coinspeaker Apple Under Investigation, Blamed for Unfair Competition in RussiaIt is said that Apple is being investigated by the Russian anti-monopoly watchdog. Kaspersky Lab filed a complaint pointing out that the company might be abusing its dominant positions in the market.

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Importer of Bitmain’s Bitcoin Miners Draws Criminal Investigation in Russia

An importer of Bitmain's bitcoin miners is under investigation for underpaying customs fees, a search warrant obtained by CoinDesk reveals.

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Oil coin, gold, nickel and palladium coins: Russian Norilsk Nickel launches stablecoin

The unique ability of cryptocurrencies to realize global payments is already used by several economies, mainly depressed or under sanctions. It seems that Russia intends to go this way – at the expense of nickel and palladium.

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Edward Snowden used Bitcoin to fund NSA document leaks

Despite sporting the ‘wanted’ status for over six years under the Espionage Act, Edward Snowden made an online appearance in Bitcoin 2019 Conference held in San Francisco, CA. All the way from Russia, Snowden’s intent was to share his experience and support toward Bitcoin [BTC].

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Russian Central Bank Head: CBDC Under Consideration, But Not For Near Future

The head of Russia’s central bank has said that while the launch of a central bank digital currency is being explored, it is not a matter for the near future

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Russian Gold-Backed Crypto Slams the Global US Dollar Standard

By CCN Markets: Russia is continuing to explore the possibility of a gold-backed cryptocurrency for use as a cross-border settlement alternative with other countries. Under heavy sanctions from the US, the potential of a value-pegged cryptocurrency could help Russia escape from the usage of the Dollar as a currency standard.

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Bitcoin [BTC], cryptos mined on open blockchains are illegitimate tools, claims Russia’s State Duma official

Bitcoin has traditionally been mined over open blockchains around the globe. However, according to a recent report, mining over open blockchains will lead to heavy fines being imposed on Russian miners.

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Russia will launch gold stablecoin – following Iranian PayMon (PMN)

Russia under the press of stifling international sanctions is looking for ways to conduct international settlements. A variant with crypto is being considered – this is reported by the Russian state news agency TASS with reference to Elvira Nabiullina, the head of the Bank of Russian.

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Russian Secret Service Demanded $1M Bitcoin Bribe From Media Mogul

Bitcoin hit the headlines in Russia again this week after it emerged the country’s law enforcement had tried to extract a bitcoin bribe worth $1 million. FSB Illegally Sought $1. 02 Million As local cryptocurrency news media outlet Coinspot.

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No Collusion: Trump Economy, Winning Get Under Dems’ Skin

By CCN: President Trump has proven capable of moving past any barrier. Following months of the leftist media pumping lies into the heads of Americans’ that their 45th president colluded with Russia to win the 2016 election, special prosecutor Robert Mueller – commissioned by Democrats – has concluded that Trump is innocent of such claims.

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Critic: Binance Built on “Fake Volumes” Discuss Banning Exchange in Russia

Devine, a Binance critic, has threatened to ban the cryptocurrency exchange from Russia following its threat against Bitcoin SV. The critic accused the exchange of building its reputation under using false trading volumes The post Critic: Binance Built on “Fake Volumes” Discuss Banning Exchange in Russia appeared first on Ethereum World News.

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‘Russian Facebook’ VK Wants to Turn its 100 Million Users into Crypto Fans

VKontakte (also known as “VK”), which is Russia’s version of Facebook, is planning to issue its own cryptocurrency. The project is currently under development, but a final decision has not yet been made.

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Russia: Cryptoruble Coming ‘Within 2-3 Years,’ Gov’t Official Says

Russia could introduce the Blockchain-based alternative to its fiat currency, the ‘Cryptoruble’, within “two to three years,” a senior politician has said. Aksakov: Cryptoruble ‘Will Not Differ’ From Fiat Ruble Anatoly Aksakov, chairman of the financial markets committee at Russia’s state parliament the Duma, made the forecast speaking to local news outlet RIA Novosti.

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Russian Company Telecor Announces Construction of Data and Mining Centre Redstone, with Operations Set to Commence in June 2019

Bitcoin Press Release: New Russian-based data and mining centre Redstone has announced that it has nearly finished its construction and will begin operations in June, 2019. December 10th 2018, Krasnokamensk, Russia – New data and mining centre, Redstone is currently under construction in the Russian city of Krasnokamensk.

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Russia’s Yandex launches its first Android phone

Russian search behemoth Yandex launched its first phone yesterday. The unimaginatively named Yandex. Phone runs Android and is designed around the company’s own apps, including a custom launcher.

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Crimea to Set Up Blockchain University to Help Countries Evade U.S. Sanctions

Crimea, a disputed territory between Ukraine and Russia, is heading towards the creation of an international center for blockchain technology. Authorities in the Crimean Peninsula regard blockchain technology as a solution for states under international sanctions.

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Your right to anonymous messaging is under threat

This week Russia has stepped up its war on anonymity. After an attempt last April to block the service, on Friday a court in Moscow ordered encrypted messaging app Telegram to pay 800,000 rouble – around €10,600 – for failing to hand over users’ information.

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Russian Central Bank debuts in sueing cryptocurrency Ponzi scheme

The Bank of Russia discovered signs of a financial pyramid in the activities of several companies operating under the single brand Cashbery. The project promised a high yield in the shortest possible time and accepted cryptocurrencies for payment.

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Texas State Securities Board Hits Russian Hoaxers with Cease-and-Desist Orders

Texas Securities Commissioner Travis J. Iles has issued emergency ordinances against three separate fraudulent cryptocurrency schemes linked to Russian scammers. The orders were issued on September 18, 2018, against DGBK Ltd.

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Projects for Two Mining Pools Under Development in Russia

The Russian crypto association is working on two projects to create mining pools offering better conditions to the local mining companies. The industry has seen robust growth with an estimated 70,000 enterprises currently operating in the field, according to the organization.

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Worms Frozen for 42,000 Years Revived: Can Humans Undergo the Same Process?

A group of researchers led by a team of scientists in Russia and at the prestigious Princeton University discovered two tiny 42,000-year-old nematodes, better known as roundworms, in the frigid north of Russia.

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Russia: Cryptocurrency community to be regulated under common tax module

According to a Russian local newspaper Izvestiya, the head of State Duma [the Russian lower house of the Federal Assembly] Committee for financial markets, Anatoly Aksakov has signaled towards the authority’s consideration on passing a bill on digital assets in its autumn session.

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Russian Crypto Miners, Coin Owners to Fall Under Existing Tax Rules

For the time being, cryptocurrency miners and coin owners in Russia will have to pay taxes in accordance with the general law provisions.

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Russia: Crypto Miners and Holders Regulated

Cryptocurrency miners and holders in Russia will be regulated under the Internal Revenue Code, local news outlet Izvestiya reported July 18. The Chairman of the Russian State Duma Committee on Financial Markets, Anatoly Aksakov, told Izvestiya that lawmakers are looking to pass the bill on digital financial assets, or cryptocurrencies, during the autumn session of

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