Bank of Russia Reportedly Looking at Legalizing Crypto Cross Border Payments

Following Global sanctions issued against Russia to cripple its economy over the country’s invasion of Ukraine, It seems Russia has had enough time to think of the consequences and is moving to bypass sanctions by legalizing crypto cross-border settlements for the foreseeable future The post Bank of Russia Reportedly Looking at Legalizing Crypto Cross Border Payments appeared first on BeInCrypto.

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Singapore Suspends Crypto Transactions As It Complies With Russia Sanction Rules

Russia has been getting confronted by firm criticism of its invasion of Ukraine. Singapore has joined other concerned countries to impose sanctions on Russia that cut across several kinds of economic transactions including crypto.

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Ukraine finds unlikely ally in efforts to bar Russian access to crypto: The Central Bank of Russia

It appears both countries want crypto to be banned in Russia following the nation's recent war efforts.

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Crypto offers Russia no way out from Western sanctions

Crypto use is likely to grow among ordinary citizens of both nations — though it won’t help Russia’s elite dodge economic restrictions.

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Russia moves to recognize crypto, eyes new laws

The Russian government and the Bank of Russia look to have crypto regulated as…

The post Russia moves to recognize crypto, eyes new laws appeared first on Coin Journal.

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Russia Will Not Ban Crypto; Here’s Why!

The Central Bank of Russia had proposed a blanket ban on crypto just recently, however, there has been a change of plans. The Russian Government has now initiated a formation of a roadmap that will be responsible for introducing restrictions on cryptocurrency.

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Russia’s Largest Online Bank Runs Into Problems Offering Crypto

Tinkoff, a big player in Russia’s online banking sector, is struggling with the country’s staunch rules in their goal of offering crypto to their customers. The post Russia’s Largest Online Bank Runs Into Problems Offering Crypto appeared first on BeInCrypto.

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Russia Wants Citizens to Declare Wallet Addresses, Transactions

The Russian Ministry of Finance has suggested changes to criminal law punishing undeclared crypto wallets holding more than 1 million rubles ($13,000, at press time). This comes as Russia increases regulation of crypto assets with sometimes contradictory statements.

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Russia’s Central Bank Keeps Insisting That Crypto Is ‘Criminal’

Russia’s central bank argues that crypto purchases are not considered an investment.

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Russia Is About to Drop the Crypto ‘Iron Curtain,’ Industry Warns

Russia's crypto community is pushing back against a set of bills that could impose onerous restrictions on startups and individuals in the country.

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Russia Reportedly Considers Ban on Using Crypto as Means of Payment

Sources have claimed Russia is considering the introduction of a ban on the use of crypto to pay for goods and services

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Russia Blocks 2 Crypto News Websites

Russian authorities have restricted access to a couple of cryptocurrency news outlets. The formal reasons for the censorship move are different in each case but the end result is the same. In both, regulators have acted on the basis of a law that empowers them to block online sources of information that have been banned […] The post Russia Blocks 2 Crypto News Websites appeared first on Bitcoin News.

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Russia Stunningly Explores a Gold-Backed Crypto to Settle Payments

By CCN: Russia is reportedly considering the implementation of a gold-backed cryptocurrency, according to Russian news outlet Tass. Immutability and censorship-resistance are useful for governments in certain instances, such as conducting international trade in the face of sanctions.

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Crypto Regulation In Finland and Russia – Good, Bad, or Ugly?

Russia and Finland have both introduced new regulations around cryptocurrencies, in a sign that digital assets are receiving more recognition. The new rules provide yet another example of virtual assets entering the mainstream.

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Crypto Asset Users In Russia May Be Required To Use A Special Identification Process

Financial Markets Committee From Russia Considers Identity Verification From Crypto Users Russia’s Duma Committee on Financial Markets has reunited recently to consider whether people should be mandatorily identified to use digital assets or not.

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Russia Seeking to Track Crypto Wallet Activity of Criminal Suspects

The Russian Federal Financial Monitoring Service (Rosfinmonitoring) is seeking to develop an analytical tool for tracking cryptocurrency transactions, specifically Bitcoin. BBC Russia reports that Russian authorities will attempt to use the new tracking system to detect cases of financial fraud and terrorist financing.

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Russia’s Interior Ministry Looking to Criminalize Unregistered Crypto Activity

Russia’s Ministry of Internal Affairs is considering establishing criminal liability for unregistered crypto operations. According to a report dated August 23, 2018, the head of Russia’s Main Directorate for Drug Trafficking, Andrey Khrapov, has asked the country’s legislators to require that all cryptocurrency transactions exceeding 600,000 rubles (around USD 9000) be registered with or monitored by Russian authorities.

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Russia Continue To Explore Blockchain, This Time It’s Pensions

Russia, they are on the fence about cryptocurrencies, but when it comes to blockchain technology, authorities and services over there see blockchain as a favourable innovation. Latest reports from Russia suggest that the Russian State Pension Fund (PFR), a social service within Russia, are set to start working with blockchain technologies in order to make the most of smart contracts, to issue employment contracts between employers and new employees.

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Russia Seeks Tool to Track Crypto Transactions

BBC News Russia has reported the quest by the Russian Federal Financial Monitoring service to develop a toll for tracking of crypto transactions particularly Bitcoin transactions. According to the report, the new tool is expected to be incorporated in the organisation’s monitoring system by the end of 2018.

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If Telegram Share Their Encryption Keys, Their App Will Be Available In Russia Once Again

Telegram, the ICO led social messaging app is current banned in Russia, although according to reports, this ban could soon be overturned if the company agree to share their encryption keys with law enforcement authorities in Russia.

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Russia Wants To Make It Mandatory For Crypto Users To Report Transactions

If Andrey Khaprov succeeds in his bid, Russians will soon be forced to report any crypto transactions exceeding 600,000 Russian rubles (roughly $9,000). Andrey is the country’s head of Main Directorate for Drug Trafficking.

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Investments, Offshores, Foreign Trade – Russia Planning for Crypto

With regulations on the horizon, high-ranking officials in Russia have come up with ideas on how to harness cryptocurrencies when, hopefully, they are finally legalized. The need of finding ways to circumvent sanctions on several fronts seems to be the main incentive for the ingenuity in the corridors of power in Moscow.

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Report: North Korea to Hold a Crypto Conference

North Korea is reportedly planning to hold a conference devoted to blockchain technologies and cryptocurrencies. The event, said to have been scheduled to take place in October, is expected to bring experts from around the world who will meet representatives of North Korean enterprises.

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The Daily: China Escalates Crackdown, Russia Chases Shadows, UK Warns of Scams

Following the closing of social media accounts of crypto news organizations and after forbidding hotels from hosting crypto-related events, China has turned its attention to banning payments to trading platforms based outside the country.

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Russia’s Leningrad Region Unveils the Largest Crypto Mining Farm

The Leningrad region crypto mining facility is built at an investment cost of 500 million rubles (US $7. 3 million) and has more 3000 mining machines installed with an energy capacity over 20mW. Cryptouniverse Builds the Largest Mining Farm On Monday, August 20, the government of Russia’s Leningrad region inaugurated “the largest data processing center in Russia, designed to extract digital currency – Bitcoin,” reports local publication Chianing.

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Ether Kingdoms Finishes Beta Testing as it Conducts Second Round of Airdrop

Bitcoin Press Release: Worlds first  Free-2-Play PoS crypto mining game is coming out of beta testing as it prepares for the second round of its airdrop. August 23nd, 2018, Moscow, Russia – Ether Kingdoms is the first Free-2-Play cryptocurrency game with Proof Of Stake mining.

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Regional Government Announces Opening of Large Crypto Mining Farm in Russia

The largest cryptocurrency mining farm in Russia has opened in the Leningrad Region, according to the regional government. The facility is equipped with more than 3,000 pieces of mining equipment and covers an area of approximately 4,000 square meters.

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Russian Company Opens Country’s Largest Crypto Mining Farm in a Former Soviet Union Fertilizer Lab

On August 20th, a Russian company is reported to have opened Russia’s largest crypto mining farm in a former Soviet Union fertilizer laboratory. The former lab was said to have been unoccupied for 20 years and covers 44,000 square feet.

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Huobi Cloud confirms launch of 4 new crypto exchanges through new corporate partners

Huobi Group today announced four new corporate partners that will leverage Huobi Cloud to launch independent exchanges in the Philippines, Indonesia, Russia, and Canada. Through Huobi Cloud, partners can easily set up OTC and.

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Cybercriminals Are Now Targeting American, Russian and Chinese Crypto Exchange Users

Cybercriminals are increasingly targeting crypto exchange users in a bid to obtain their username and password to gain access to their crypto holdings. What’s even more alarming is that these hackers seem to prefer crypto exchange users from three countries — USA, Russia and China.

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Jamaica Stock Exchange Plans to Offer Cryptocurrency Trading

The Jamaica Stock Exchange (JSE) has announced it plans to allow investors the ability to trade cryptocurrencies through the regulated stock exchange. According to the JSE, the Canadian-based Blockstation will help facilitate the crypto-trading services.

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Worldcore Crypto Study Shows Malta Has Top Exchange Volume While Russia Leads In OTC Trading

The areas of the world that have had the best results for cryptocurrency trading are the ones that have the most regulations that welcome the asset. A recent study found that the most popular aspects of this kind of trading are over the counter and P2P exchanges, which occur frequently in areas where non-cash payments […]

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Research: Russia Outperformed US By OTC Cryptocurrency Trading Volume

Malta topped the list of countries by the trading volume on cryptocurrency exchanges, while Russia became the largest market for OTC cryptocurrency trading despite the lack of legislation for crypto industry.

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Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume

Jurisdictions with crypto-friendly legislation or comprehensive regulations in place are leading in terms of exchange-based cryptocurrency trading. According to a new study, however, over the counter and P2P exchange is much more popular in developing nations and countries where non-cash payments are still not widely spread.

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Quickex: The New Cryptocurrency Exchange

Bitcoin Press Release: Quickex is aiming to provide regular cryptocurrency holders with an efficient and easy-to-use tool to buy, sell and exchange crypto and fiat. August 10, 2018, Moscow, Russia – By March 2018 around 25 million US citizens had come to possess crypto among their assets.

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Mining Profitability Is Down, But Crypto Mining In Russia Is On The Up

Cryptocurrency mining profitability is down. If we look at Bitcoin, we see low profits yet the price of equipment is on the rise, as is the cost to run the equipment. Worldwide we are seeing a decrease in the popularity of mining as a result of this.

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USA, Russia and China to be the main targets for cryptocurrency hackers

A recent investigation conducted by Group-IB, an international firm dedicated to investigate and prevent sophisticated crimes and online fraud, revealed that the USA, Russia and China are going to be the main targets for crypto hackers.

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The Daily: Cars and Pizzas for Crypto in Russia, Crypto Valley in South Korea

The wide adoption of cryptocurrencies in Russia has been put on hold after the State Duma postponed the final reading of three crypto bills for its fall session. Nevertheless, Russian companies are already planning to introduce crypto payments as soon as the regulations are in place.

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Number of Crypto Mining Companies Spikes in Russia

In the first half of 2018, the number of cryptocurrency mining companies in Russia increased by 15%, reaching 75,000, while the number of people owning digital coins jumped by nearly a quarter to 3 million.

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Russia Reports 15% Increase in Number of Crypto Mining Companies

The Russian crypto sector is expanding. The number of businesses operating mining facilities has increased this year, more Russians own cryptocurrency. Data confirming these trends has been presented by the country’s crypto and blockchain association, which also warned that delayed embrace of digital financial technology costs Russia a trillion rubles each year.

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Crypto Scams Mushroom in Russia

The Central Bank of Russia revealed dozens of fraudulent schemes that have been masqueraded as cryptocurrency investment projects in the first half of 2018.

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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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Russian Crypto Owners and Bitcoin Miners Will Not Create Diffferent Tax Laws

Russia Will Not Create Separate Laws For Bitcoin Owners And Cryptocurrency Miners While speaking with the local media, Anatoly Aksakov, the head of the Financial Markets Committee in Russia’s state Duma, stated that the government does not have plans to create any separate tax frameworks for crypto. According to him, people who get money from […]

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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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Russia: Crypto Miners and Holders Will Be Regulated Under Existing Laws

In Russia, no separate taxation rates will be applied to the mining and circulation of cryptocurrencies

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Russia: Bitcoin Owners and Miners Will Not Face ‘Separate’ Tax Laws

Russia will subject owners and miners of cryptocurrency to all existing tax obligations from Autumn, authorities hinted July 18. Aksakov: No ‘Separate’ Treatment For Crypto Speaking to local news outlet Izvestia, Anatoly Aksakov, head of the financial markets committee at Russia’s state Duma, said there were currently no plans to draw up “separate” tax frameworks solely for cryptocurrency.

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Crypto Courses Now Offered by Three Russian Universities

Three universities in Russia are now either offering courses or full degrees related to cryptocurrencies.

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US Ranked Top Destination for Coin Offerings, Majority of ICOs Identified as Scams

The US remains a leading destination for ICO projects according to a new study that also ranks Switzerland and Singapore in the top three. The report notes that authorities in other jurisdictions, like Russia and Estonia, are working to adopt favorable regulations in order to attract more crypto startups.

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More Russian Universities Add Crypto Courses and Diplomas

In addition to five universities offering crypto and blockchain courses in Russia, three more universities have announced the addition of crypto courses. These include diploma, degree, and postgraduate in crypto and blockchain technologies.

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