Russia To Allow International Trade In Bitcoin, Crypto For Any Industry: Report

A director for Russia’s Ministry of Finance stated the country is seeking a non-restrictive policy for using bitcoin and crypto in international trade.

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Bitcoin, The Monetary Shot Heard ‘Round The World

By freezing accounts of everyday citizens, the Canadian government demonstrated the necessity of Bitcoin. Russia is learning the same lesson through U.S. sanctions.

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Russia Is Open To Selling Natural Gas For Bitcoin

Russia can trade with ‘friendly’ countries in national currencies or bitcoin, the chairman of the State Duma committee on energy said.

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Bitcoin Surpasses All Time High in Russia

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Bitcoin, Ethereum Surge After Russia And Black Rock Approval

Bitcoin headed towards the consolidation phase on Friday following months of a downward trend and an epic sell-off in January. Investors are feeling optimistic about the potential for cryptocurrencies to become a mainstream form of payment, and Russia may be helping them along.

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Why Russia Is Benefiting From The Great Chinese Bitcoin Miner Migration

Russia has increased its hash rate because of miners fleeing from China due to the country's ban against Bitcoin mining.

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Russia firm on its stance against Bitcoin and other cryptocurrencies

As Bitcoin became legal tender in ElSalvador, the world witnessed history in the making, ushering in what many believe to be a big leap towards an upcoming financial revolution. Nevertheless, critics The post Russia firm on its stance against Bitcoin and other cryptocurrencies appeared first on AMBCrypto.

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Russia has imported its largest Bitcoin miner batch

An unknown client in Russia has stacked 20,000 Bitcoin miners at one of BitRiver’s locations in Siberia.

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Russia Shelves Plans to Criminalize Bitcoin Transactions – For Now

Russia has dropped plans to criminalize bitcoin transactions – for now, according to local media reports. The Digital Financial Assets Bill (DFA), due to be read for the second time in the Russian parliament – or State Duma – on July 21, has removed references to administrative and criminal liability for dealing in bitcoin (BTC).

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Blow to LocalBitcoins, Now Banned in China and Russia

Roger Ver posted on Reddit that "local.bitcoin.com is now blocked in China and Russia." LocalBitcoins is a peer-to-peer service that matches Bitcoin traders.

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Bitcoin’s Meteoric Rise Exposes Bitter Irony of Russia’s Crypto Skepticism

For anyone thinking of promoting bitcoin as an investment, Russia might not be the ideal place to set up shop. According to the Russian Public Opinion Research Center (VTsIOM), around 65% of Russians consider bitcoin to be a “disadvantageous investment.

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Rumors Denying Russia’s $10B Bitcoin Investment ‘Ridiculous,’ Says Ginko

The economist who told the media Russia was planning to buy $10 billion of Bitcoin has staunchly defended his remarks in the face of ensuing criticism. ‘Who Denied It? Vladimir Putin?’ Speaking to Australian news outlet Micky, which first reported the story earlier this month, Vladislav Ginko dismissed reactions which questioned his reliability.

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DUMA: Statement that Russia is Buying Bitcoin Has No Common Sense

CoinSpeaker DUMA: Statement that Russia is Buying Bitcoin Has No Common Sense It’s finally clear. Russia is not planning to buy $10 billion in Bitcoin. A rumour had recently surfaced suggesting that the Russian government was planning to purchase Bitcoins worth $10B this quarter but a Russian official has shot it down quite vehemently.

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Clickbait Media Uses Bitcoin and Russia to Pump Headlines Again

In the past week or so, a number of publications, including cryptocurrency websites, but also “reputable” mainstream outlets, have given stage to a “Kremlin economist” with a bold prediction – Russia will invest billions in bitcoin to tackle U.

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Economist Behind Claim Russia Will Buy $10 Billion Worth of Bitcoin Said Price Would Collapse to $100 Last Year

Over the past week or two, a story about Russia adding bitcoin to their foreign currency reserves has been reported in a variety of media outlets such as The Daily Telegraph, Fortune, and ZeroHedge.

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Russia Will Not Buy $10 Million Worth of Bitcoin, and Here’s Why

CoinSpeaker Russia Will Not Buy $10 Million Worth of Bitcoin, and Here’s Why Recent news that “Russia will buy $10 billion in Bitcoin and ditch the U. S. dollar” is backed by the publications such as The Telegraph, Bitcoinist, Daily Hodl and even The Fortune.

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Russia Will Not Buy $10 Billion Worth of Bitcoin, and Here’s Why

CoinSpeaker Russia Will Not Buy $10 Billion Worth of Bitcoin, and Here’s Why Recent news that “Russia will buy $10 billion in Bitcoin and ditch the U. S. dollar” is backed by the publications such as The Telegraph, Bitcoinist, Daily Hodl and even The Fortune.

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Russia Could Trigger A Major Bitcoin Bull Run, Hints To Adopt Bitcoin And Ditch The US Dollar

Russia Could Trigger A Major Bitcoin Bull Run As It Hints To Adopt Bitcoin And Ditch The US Dollar A high profile lecturer at the Russia Presidential Academy of National Economy and Public Administration, Vladislav Ginko, has said that the new US sanctions against Russia might force Kremlin to invest in bitcoin massively, a move […]

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Bitcoin Price Analysis: BTC Ranging, Russia’s Grand Plans

Bitcoin Price is ranging inside Jan 6 high low Russia may convert their USD Reserves to BTC to bypass sanctions Trading volumes are low Technically, BTC is bearish from a top-down approach but bullish in the short term.

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Central Bank Official: Regulators Are Hindering the Development of Cryptocurrencies

An excessive number of regulatory agencies are interfering with the prospects of successful development of cryptocurrencies in Ukraine, according to a high-ranking representative of the country’s central bank.

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Russia Plans to Ditch US Dollar for Bitcoin, Says University Professor

A Russian university lecturer with ties to the government says the Kremlin will soon begin investing massively in Bitcoin as a way of avoiding new U. S. sanctions, a move that could happen “in a matter of weeks.

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Cryptocurrency Exchanges Eye Russia for Expansion Despite Sanctions

Sanctions imposed by governments as part of geopolitical struggles do not always filter through to under-regulated industries. Ambitious businesses covet every opportunity for expansion and diversification.

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Russians See Growing Number of Options to Buy Cryptocurrencies

Interest towards cryptocurrencies in Russia remained relatively stable throughout 2018, despite the significant drop in their prices. Ruble-denominated trade on Localbitcoins, for example, has shown a generally positive trend since last spring.

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Huobi and Major Russian Bank to Provide Legal Help to the Crypto Industry

The recently established Russian subsidiary of global cryptocurrency exchange Huobi and Vnesheconombank, Russia’s state-owned development bank, are now partnering to offer crypto companies legal support and advice.

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You Got The Power: Heat Energy From 46,000 People Mines One Bitcoin

In the search for ever more environmentally and ethically friendly ways to mine Bitcoin, everyone has largely ignored perhaps the most obvious solution… until now. You Literally Got The Power It seems like every week there is a more outlandish piece of hyperbole, regarding the energy used to mine bitcoin.

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The Daily: Argentina Meets 2019 With New BATMs, Russia Budgets Millions to Block Sites

In this edition of The Daily, we focus on the growing number of bitcoin ATMs in Argentina. Five new devices have been installed recently in Buenos Aires. We also look at a report that Russia’s telecom watchdog plans to spend millions of dollars to restrict access to banned websites and services such as Telegram.

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Russia’s Cryptocurrency Plans for Eurasian Economic Union Set for 2020 or 2021 Release

The very concept of a governmentally-created and endorsed cryptocurrency might be enough to make a hardcore crypto supporter’s skin crawl. After all, the beginnings of cryptocurrency in the early days of Bitcoin were rooted in antiestablishment sentiments and a deep desire for full decentralization.

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Poll Shows 13% of Russians Use Cryptocurrency for Online Purchases

Cryptocurrency transactions are becoming a viable alternative to traditional electronic payments and Russia is no exception to the trend. Recently conducted surveys indicate that a large number of Russians have already started using digital coins for online purchases and many others are willing to try.

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Russian Parliament Postpones Adoption of Digital Assets Bill

The State Duma, the lower house of Russia’s parliament, has postponed the second reading of a long-awaited bill intended to regulate cryptocurrencies in the country. Lawmakers will review the draft law “On Digital Financial Assets” during the spring parliamentary session next year, the house deputy speaker Sergey Neverov announced.

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New Russian Bitcoin ATM Tracker Website CryptoCoinMap.RU Goes Live, Will Cover Crypto Globally

A new site populated with maps and information about Cryptocurrencies’ points of sale and teller machines is now live in Russia. Cryptoncoinmap. ru is a resourceful site and is sending a positive vibe in Russia and the world cannot wait for its turn.

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Lawyers Come Together To Help Russia Clear Confusion Relating To Lack Of Regulation

According to news outlet, News.Bitcoin.com, it has been unveiled that Russia is in heat for not having an appropriate regulatory framework on cryptocurrencies. Because of the problems that can arise from this issue, members from the Russian Lawyers Association and Blockchain Lawyers have decided to come together to create a standard that would be used […]

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Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws

In the absence of a comprehensive regulatory framework for cryptocurrencies in Russia, lawyers have taken matters into their own hands. A new advisory body of legal experts will look into cases where the current legislation does not reflect the specifics of the growing digital economy and propose solutions.

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The Daily: Japan Calls All Coins ‘Crypto Assets’, Russia Defines Cryptocurrency as Property

The Financial Services Agency of Japan has resolved to refer to cryptocurrencies as “crypto assets” in order to prevent confusion with legal tender. Also in The Daily, the Justice Ministry in Moscow has confirmed that it classifies digital coins as “other property.

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New Bitcoin ATM Tracker Site Launches in Russia

A new website showing a map of cryptocurrency teller machines and other points of sale has been launched in Russia. The platform currently provides information about bitcoin ATM locations in the city of Moscow but its developers plan to expand its coverage globally.

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Max Keiser Interview: Buy Bitcoin, ‘Leave Alts to Dickheads Like Jamie Dimon’

Max Keiser once again shared his thoughts with Bitcoinist on the latest happenings in France, how Russia may use Bitcoin for its strategic reserves, and why Bitcoin is king while altcoins should be “left to dickheads like Jamie Dimon.

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Bitcoin company Huobi celebrates launch of partner Russia exchange

CryptoNinjas Huobi Group has officially opened Huobi’s first Russian office in Moscow at an invitation-only event which took place back on December 6th. Huobi Russia is a local exchange supported by Huobi Cloud, Huobi’s regional.

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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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Huobi Group Launches Huobi Russia, a Local Exchange

The Huobi Group recently announced the inauguration of its Russia offices and the launch of a new local exchange- Huobi Russia. The exchange will be supported by the Huobi Cloud, its regional exchange partnership program.

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The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto Assets

In this edition of The Daily, Coinbase customers in certain regions can now link their Paypal accounts to withdraw fiat and sell cryptocurrencies. Also, Russia’s third-largest bank is working to launch a digital asset management service in Switzerland, and Koinex, India’s leading crypto exchange, has set up a new development center in Bengaluru, the country’s […] The post The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto Assets appeared first on Bitcoin News.

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Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto

For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.

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The Daily: Bitmain Launches Crypto Index, Xolaris Sets up Bitcoin Mining Fund

In this edition of the Daily, we cover Bitmain’s new cryptocurrency index and the establishment of a fund that will invest in bitcoin mining. We also look at a recently active online account that was previously associated with Satoshi Nakamoto, as well as the launch of a help center for defrauded crypto enthusiasts in Russia.

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Crypto Detectives Project Rates and Investigates Suspicious ICOs

An online platform created in Russia has set a noble goal of making the cryptocurrency industry safer for investors. The project investigates initial coin offerings (ICOs) that have raised suspicions and performs the due diligence for free.

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Russian Developers to Help Iran Build Its Crypto-Economy

Experts from Russia will provide support for the development of Iran’s crypto-economy. The cooperation is part of an agreement reached by representatives of leading industry organizations from the two countries, both subjected to western sanctions.

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Digital Bank Revolut Surpasses 3 Million Customers

U. K. startup Revolut has announced that its customer base has surpassed three million users. The fintech platform, which has quickly become a viable online alternative to traditional banking, was established in 2015.

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Uzbekistan Sets up International Arbitration Center for Crypto Businesses

Following in the footsteps of Russia, Uzbekistan has announced plans to implement arbitration mechanisms to resolve disputes in the cryptocurrency space. A new presidential decree mandates the establishment of a body of arbitrators that will deal with cases involving entities from various jurisdictions.

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Huobi Opens Office in Russia, Plans Startup Accelerator and Mining Hotels

The Russian branch of digital asset exchange Huobi is scheduled to open on Nov. 12 with a Russian-language website and local support services. The global cryptocurrency company wants to support Russian startups and mining projects, in addition to launching an educational program.

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Arbitrators to Resolve Disputes in the Russian Cryptocurrency Industry

A leading industry organization in Russia has decided to establish an arbitration body to look into disputes within the digital economy, including matters related to cryptocurrency transactions, as well as rights and responsibilities in token sales and the implementation of smart contracts.

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Russia: Authority to Regulate Cryptocurrency Market per FATF Recommendations

A well-placed Russian official has called for global cryptocurrency standards to prevent money laundering and provide legitimacy to the industry while enforcing broad recommendations to control the sector, reported local news outlet Izvestia on October 29, 2018.

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Russia’s Financial Watchdog to Oversee the Cryptocurrency Industry

Russia’s Federal Financial Monitoring Service has revealed that it will regulate cryptocurrency-related transactions in the country, with a senior official saying that the agency will also oversee the broader cryptocurrency industry, in accordance with recommendations issued by the Financial Action Task Force (FATF).

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