Russia doubles down on ruble-only rule, keeps Bitcoin out of payments

Russia locks all domestic payments to the ruble, treats Bitcoin only as an investment, but pilots crypto for cross-border trade and rolls out a digital ruble CBDC. Russia has prohibited the use of Bitcoin and other cryptocurrencies as legal tender…

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Bitcoin rally disrupted by US–Russia tariff fears as top altcoins erase daily gains

A new all-time high for Bitcoin gave way to broad market losses as U.S.–Russia tensions sparked a wave of risk-off moves.

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Russia’s Tatarstan eyes building $100m Bitcoin mining center

Fintech company Innopolis Tech controlled by a former minister of communications of Russia is set to build the largest Bitcoin mining center in Russia worth around $100 million. The Republic of Tatarstan is gearing up to build Russia‘s largest Bitcoin…

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Bitcoin Nears $45,000 as Russia Cuts Off Transfers

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Russia’s Ministry Of Finance Submits Bitcoin Bill Proposal

The draft bill comes after the government gave the green light to Bitcoin regulation, disregarding the Bank of Russia’s concerns.

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Bitcoin And Russia’s Regulatory Drive: Nothing To Cheer On

While some welcome proposed regulation in Russia, further examination unveils a panopticon framework that challenges the fundamentals of Bitcoin.

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Bitcoin Crashes 7% as Russia Roils Markets

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As tensions mount over Ukraine, is Russia weening itself off dollars in favor of Bitcoin?

Wednesday saw Russia announce plans to recognize Bitcoin and other cryptocurrencies legally. The post As tensions mount over Ukraine, is Russia weening itself off dollars in favor of Bitcoin? appeared first on CryptoSlate.

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Putin Supports Bitcoin Mining in Russia: Report

The Russian President is reportedly in favor of a welcoming regulation for bitcoin miners despite the Bank of Russia’s ban recommendations.

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Bitcoin Community Reacts to Russia’s Criminalization of Undeclared Crypto Activity

Bitcoin is not welcome in Russia. The Central Bank of Russia, this year, put in place legislation that bans the issuance and circulation of cryptocurrencies. But officials in the country accept that an outright ban is unenforceable.

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‘World’s Most Wanted Man’ Jan Marsalek Is Reportedly Moving Bitcoin Funds In Russia

The latest update on the whereabouts of former Australian Chief Operating Officer of Fallen German fintech company Wirecard, says that he is in a hideout in Russia, transferring large sums of Bitcoin.

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Russian Institutions Back Proposal to Let Companies Use Cryptocurrency

An idea to allow companies from certain sectors and in some regions to use cryptocurrencies is gaining traction in Russia. The proposal has been included in a draft law prepared by the Economy Ministry, a high-ranking parliamentarian has voiced his support, and big business is discussing its implementation.

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Economist Vladislav Ginko Claps Back about Bold Beliefs of Russia Buying $10 Billion in Bitcoin, Defends His Own Credibility

Vladislav Ginko has proclaimed that he is a “famous public figure” to the public in Russia, which is not something that a truly famous person would have to state realistically. However, that aside, Micky News recently reported that this analyst claims that Russia intends to purchase $10 billion in Bitcoin, which has been met with […]

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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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The Bullish News Keep Coming, but They Are Doing More Harm Than Good

Recently, a report emerged that indicated that Russia intended to invest billions in Bitcoin. The report by an Australian publication cited U. S sanctions as the reason Russia was turning to cryptos.

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Crypto Cards Are Legal in Russia, According to the Finance Ministry

Using cryptocurrency debit cards to pay for goods and services does not contradict Russian law, Deputy Finance Minister Alexei Moiseev was quoted as saying by local media. He believes these transactions are legal as the seller receives the money in Russian rubles.

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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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Russian Duma Official Dismisses Government’s ‘Intention’ to Buy Bitcoin as ‘No Common Sense’

CoinSpeaker Russian Duma Official Dismisses Government’s ‘Intention’ to Buy Bitcoin as ‘No Common Sense’ It’s finally clear. Russia is not planning to buy $10 billion in Bitcoin.

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No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says

Last year’s falling prices are not a good enough reason to “bury” cryptocurrencies, Russian Prime Minister Dmitry Medvedev said during a high-level economic conference. He believes Russia should carefully follow the developments around digital coins.

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Russian Official: BRICS Countries Continue Unified Payments Systems Developing, No Plans for Bitcoin in Near Future

Last week, the news that Russia is considering investing huge amount of money into Bitcoin as a means to invade US sanctions spread like fire. Given the fact that Russia has been working on de-dollarization plans for a long time now while looking for an alternative reserve currency further put force behind this news. This […]

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‘Unlikely in Next 30 Years’ – Russian Official Dispels Bitcoin Investment Rumor

Elina Sidorenko, head of the Legislative Risk Assessment Group in Russia, says there is no merit to rumors that the country will invest as much as $10 billion in bitcoin. Russia: Cryptocurrency Framework Not Yet in Place Speaking to Forklog, Sidorenko said the country doesn’t yet have the regulatory structure to invest state funds in cryptocurrencies.

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Russia Unlikely to Invest in Bitcoin in the Next 30 Years, Official Refutes Earlier Report

Recently, a report indicated that Russia intended to invest billions of dollars in Bitcoin to cushion itself against the effects of U. S sanctions. As we reported, the report cited a senior Russian economist and a lecturer at a national economics institution.

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Russia Is Not Ready to Buy Bitcoin Yet, Russian Official Says

Rumors spread last week that Russia might be pondering the possibility of acquiring a considerable amount of Bitcoins as a means of fighting U. S. -imposed economic sanctions may not be entirely accurate.

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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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Venezuelan President Raises Petro’s Value Again in Bid to Create ‘New System’

For the second time in a little over a month, Venezuela’s president Nicolas Maduro has hiked up the value of the national cryptocurrency, the petro, this time to 36,000 sovereign bolivars. The move has again been met with criticism.

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Russia Buying Bitcoin To Ditch the U.S. Dollar Could Be Fake News

The prediction made by Russian economist Vladislav Gink that Russia could start a crypto bull run by buying off billions of dollars lacked sufficient evidence and could be fake news, Finder reported on January 15, 2019.

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Is Russia Really Planning a 10 Billion Dollar Bitcoin Buy?

It has long been known that dark web participants use cryptocurrency to make deals and do business. There has also been no shortage of connections of Bitcoin to hackers and even government intelligence operatives.

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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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Is Russia’s Alleged $10 Billion Bitcoin Investment Fake News?

Recent news that “Russia will buy $10 billion in Bitcoin and ditch the U. S. dollar” is backed by the flimsiest of evidence. Publications such as The Telegraph, Bitcoinist, and Decrypt Media may have been duped.

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Kremlin Economist Suggests Russia May Avoid US Sanctions By Investing in Bitcoin

Sanctions from the US have hit the Russian ruble, but reports say the Kremlin is taking steps to reduce the impact with cryptocurrency. According to Vladislav Ginko, a Russian economist with ties to the Kremlin, the government is planning a Bitcoin investment to replace part of its US dollar reserves.

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Russia Planning $10B Bitcoin Investment, Insists Kremlin Economist

Russian economist, Vladislav Ginko, says Russia is looking to invest $10 billion in Bitcoin as the State Duma has put cryptocurrency legislation high on the agenda for 2019. Rumored $10 Billion Bitcoin Investment Ginko, an economist with ties to the Kremlin, says the Russian government will convert some of its USD reserves into Bitcoin, a move that could start as early as February.

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Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It

Acknowledging Venezuela’s efforts to deal with inflation and sanctions by creating a state-issued cryptocurrency, Russian officials have nevertheless declined a proposal to use the oil-backed coin in bilateral trade.

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Mongolia’s Cheap Electricity Draws Japanese Bitcoin Miners Seeking Profit

A combination of cheap electricity and cold weather has started to draw a growing number of Japanese bitcoin miners to Mongolia, a country sandwiched between China to the south and Russia to the north.

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Россия может инвестировать $10 миллиардов в Bitcoin за первый квартал года: попытка смягчить санкции

Экономист Владислав Гинько заявил, что он ожидает, что правительство Российской Федерации инвестирует не менее $10 миллиардов из национального резерва в Bitcoin за первый квартал 2019 года. Инвестиции, по его мнению, помогут смягчить ущерб, нанесенный санкциями США экономике страны.

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5 Crypto Exchanges Have Been Licensed in Gibraltar Since Regulation

Several known crypto companies have been granted licenses to operate from Gibraltar since the British overseas territory adopted business-friendly regulations for the nascent industry. According to Gibraltar’s trade minister, Albert Isola, the government is now focused on creating a “supportive environment” for the sector.

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Russia May Put $10 Billion into Bitcoin in Q1 2019

Russian Economist Vladislav Ginko has said that he expects the Russian government to invest at least $10 billion from… The post Russia May Put $10 Billion into Bitcoin in Q1 2019 appeared first on Invest In Blockchain.

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Bitcoin down $250 as Report Claims Russia Might Trigger the Next Bull Run

After spending four days above $4,000, Bitcoin has finally given way. And it has been quite a drop, with the currency losing $250 in the space of thirty minutes. The drop sees it trading at $3816 at press time, having dropped from $4,016.

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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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