2020-8-5 20:11 |
Shortly after Russia’s president, Vladimir Putin, signed the country’s recent cryptocurrency law, the country’s largest bank voiced its considerations. origin »
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According to a recent report by a Russian lawmaker, the country’s citizens have invested over 5 trillion rubles ($67. 5 billion) in the crypto market, but the regulatory terrain remains hostile and unclear with the governor of the Central Bank of Russia increasingly hinting at a highly regulated environment Cryptocurrencies have had legal status in Russia since 2020, although it is forbidden to use them as means of payment in the country.
2021-12-23 02:00 | |
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A new political force is being born in Russia out of the country’s tech business circles. The idea has been conceived by representatives of the country’s growing digital economy sector who want to embark on finding solutions to numerous issues that concern the crypto space.
2020-1-17 23:40 | |
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Russia’s new Prime Minister, Mikhail Mishustin wants the country to develop its digital economy
2020-1-17 16:52 | |
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With China's advancement in the digital currency space and state-backed stablecoin, other countries are not particularly laying low in this matter. Russia is another country that has been prominent inThe post Russia's regulatory 'sandbox' tests stablecoins appeared first on AMBCrypto.
2019-12-27 01:30 | |
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According to recent reports, the Bank of Russia has started using a regulatory sandbox to test the performance of stablecoins. Russia Warming to Stablecoins Russia’s stance towards cryptocurrencies has always been questionable, with the country’s intentions and goals never being fully known to anyone.
2019-12-26 16:45 | |
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The Bank of Russia, known as the central bank of the country, has recently offered its opinion on banning cryptocurrencies. According to it, a crypto ban is not out of question right now. If the legislative level of the government decided to ban cryptos, the bank would fully support the decision. At the moment, the […]
2019-11-30 22:30 | |
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The government of Russia has been toying with the possibility of interfering in the country’s cryptocurrency space as of late. Several calls have been made for the country to completely legalize digital assets, but it would seem that the Kremlin isn’t prepared to have enough patience to deal with them at all.
2019-11-29 13:04 | |
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A company has blazed a trail in Russia, successfully convincing the country’s tax agency to accept that its equity capital now includes cryptocurrency. The change in the ownership distribution has been registered after the firm filed a set of notarized documents confirming a new investment was made in digital coins, not fiat rubles.
2019-11-27 15:05 | |
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Artel LLC, a Russian firm recently made history by adding Bitcoin into its charter fund and became the first company to do so in Russia, reported a local daily. The firm got an expert on board to inspect and check the investor's wallet in order to make changes to the company's charter fund. The investor […]
2019-11-26 20:46 | |
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Tunisia has announced the launch of its digital currency, the ‘E-dinar. ’ With this, the tiny North African country claims to be the first country to launch a central bank digital currency (CBDC).
2019-11-10 12:55 | |
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Federal agencies in Russia are reportedly developing proposals for confiscating cryptocurrencies by 2021. What could it mean for the country? The post Russia Prepares Law to Allow Cryptocurrency Confiscation appeared first on Bitcoin Magazine.
2019-11-8 22:03 | |
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Until this point, the Russian government has stalled on the enforcement of regulations for its cryptocurrency industry. However, in the wake of rampant crypto-enabled criminal activities in the country, it would seem that authorities are finally seeing the need to step in.
2019-11-7 14:03 | |
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An aluminum plant in Russia’s northern Karelia region could soon be hosting one of the largest Bitcoin mining facilities in the country. Of course, the plant is no longer serving its primary purpose after being decommissioned in 2018.
2019-10-31 22:20 | |
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The Russian Central Bank has never been a fan of cryptocurrencies. Central bank governor Elvira Nabiullina has adopted a hardline stance against cryptocurrencies in Russia, so her latest statement regarding the fate of a national cryptocurrency in the country doesn’t come across as a surprise.
2019-10-13 14:49 | |
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Speaking at the Finopolis forum of innovative financial technologies, Elvira Nabiullina, Russian economist and head of the Central Bank of the country said the regulator doesn’t see a need to issue a national cryptocurrency, reported Russian News Agency, Tass.
2019-10-11 22:42 | |
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After much deliberation in the past months and years, Moscow has recently taken important steps toward regulating the crypto space. These are part of the efforts to open the way for the development of the Russian digital economy.
2019-10-5 23:32 | |
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The world as a whole is slowly starting to accept Cryptocurrencies and, to a further extent, blockchains into their day-to-day functionality. While countries like Uganda warns against the use of things like Bitcoin, Russia has set out to divide cryptocurrencies into three legal categories.
2019-10-4 01:19 | |
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Russia’s Ministry of Finance is considering the possibility of regulating cryptocurrencies into three distinct legal categories. The move would allow the country to regulate the industry much easier.
2019-10-2 14:27 | |
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Prominent law firm from Russia Zheleznikov and Partners claims that a proposed legal action in the country can recover the funds lost in the Mt. Gox hack. They claim that they can recover an estimated 170,000 to 200,000 Bitcoins from the Russian parties who received the stolen tokens. The value of these tokens will touch […]
2019-9-13 19:56 | |
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Robots and drones will undoubtedly play a growing role of importance in future warfare. A new report indicates the Russian military may be working on a rather unusual project. The country’s primary tank plant is working on unmanned variants.
2019-9-2 01:45 | |
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Chinese importers in Russia have overwhelmingly begun sticking with Tether's USDT to send large sums of money back to their home country, with one Moscow-based over-the-counter trader saying they see anywhere from $10 million to $30 million worth of USDT purchased daily.
2019-7-31 23:48 | |
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Venezuela appears to be leveraging cryptocurrencies as part of a larger effort to bypass US sanctions. According to an investigation by Spanish newspaper ABC, President Nicolas Maduro and his administration are using a digital wallet app called Jetman Pay to convert tax revenue from one of the country’s main airports into Bitcoin and other cryptocurrencies.
2019-7-26 14:02 | |
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Russia, with all its might, is one of the most dominant countries in terms of political presence and bureaucracy. However, its significant status did not resonate economically as Russia only has the 12th largest economy.
2019-7-15 01:30 | |
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Several countries across the world have joined the Bitcoin and cryptocurrency bandwagon, either in full or partial capacity. China, Russia, and Iran have made news in the cryptocurrency industry either due to positive adoption or because of integrating the ingrained technology for their own use cases.
2019-7-14 22:00 | |
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Ever since the announcement of Libra, it has been the hottest topic of discussion amongst cryptocurrency enthusiasts, banks, tech companies, and regulators. As Europe and the USA struggle to come to terms with Libra, Russia is surprisingly calm on the issue, even confirming that the country doesn’t plan to ban Libra, as reported by Quartz,Read MoreRead More.
2019-7-6 13:00 | |
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A Russian lawmaker has recently stated that Facebook’s expected cryptocurrency, Libra, would not be given preferential treatment in Russia. Per a report by Tass on June 18, 2019, the country wasn’t planning to adopt a crypto-friendly legislature.
2019-6-22 01:00 | |
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Chairman of the Russian State Duma Committee on Financial Market Anatoly Aksakov says the country will not legalize the use of Facebook's Libra despite recent bills meant to loosen the grip on the use of cryptocurrency.
2019-6-20 00:02 | |
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Russian parliament will adopt the country’s major crypto bill, “On Digital Financial Assets,” in the next two weeks, according to the deputy finance minister
2019-6-19 15:58 | |
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Cryptocurrency is expanding to regions around the world, though every country has different ways of handling it. Some countries have created regulations that are more suitable to development in their economies, but central bank digital currencies (CBDCs) are slowly gaining momentum.
2019-6-18 00:40 | |
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The use and prevalence of cryptocurrency have led to a number of disruptions within the global economic system such as many large firms being forced to finally adopt crypto, many major retailers finally accepting cryptocurrency and the general public beginning to question the traditional economic structures that have existed until now. One of the latest […]
2019-6-17 17:07 | |
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Russia’s Largest Bank Will Not Accommodate Crypto-Related Businesses Sberbank, the largest bank in Russia, has officially affirmed via its CEO Herman Gref that the institution will not create any service related to cryptocurrencies.
2019-6-7 21:28 | |
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The head of the central bank of Russia says she does not want to legalize Bitcoin and other cryptocurrency as a payment method – because of risk and volatility. Bitcoin Has ‘Big Risks’ Speaking to the country’s parliament, the Duma, about the Bank of Russia’s impact over 2018, Elvira Nabiullina continued an increasingly bearish stance on cryptocurrency.
2019-5-31 12:00 | |
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Amid the furor around the Mueller report, it’s somehow become easy to forget that Russia continues to wage war against the truth through censorship and disinformation. This stands true whether you look at the country’s domestic policy or its interference in global politics.
2019-5-30 17:02 | |
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Russia’s Central Bank could be considering a gold-pegged cryptocurrency, according to a report by Russian news agency, RIA on May 23, 2019. However, the apex bank states that virtual currency would not act as a substitute for the Russian Ruble.
2019-5-26 01:00 | |
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Russia’s central bank would consider creating a new cryptocurrency backed by gold for international settlements. Gold-Backed Crypto Could Have Use In Settlements That was the latest information to come from Elvira Nabiullina, head of the Bank of Russia, speaking to the country’s parliament, the Duma, about current plans involving cross-border finance.
2019-5-23 20:00 | |
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Venezuela, a South American country embroiled in a bitter political impasse, is negotiating with Russia over abandoning the USD in their bilateral trade settlements. The two countries are in talks over the use of the Russian ruble, according to Jorge Valero, Venezuela’s representative in UN’s Geneva offices.
2019-5-20 15:24 | |
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The regulatory and legal environment around internet-based services and applications has changed considerably over the last decade. When large-scale social networking platforms first became popular in the 2000s, the general attitude toward mass data collection was essentially “why not?”.
2019-5-11 04:03 | |
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On April 24, 2019, the first bitcoin ATM in the Islamic Republic of Iran was revealed at the 12th International Exhibition of Exchange, Bank and Insurance in Tehran.
2019-4-27 21:31 | |
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The Chinese Bitcoin [BTC] mining ban proposed by the country’s macroeconomic planning agency riffled the market with FUD, leading many to speculate which country could pick up the mining mantle. With many looking east for the new mining havens, eToro’s senior market Mati Greenspan negated.
2019-4-21 14:30 | |
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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.
2019-4-20 23:00 | |
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The proposed ‘digital assets’ law aims to “legalize ICOs” in Russia and is expected to be reviewed in May. But lawmakers are slowly realizing the futility of regulating Bitcoin and cryptocurrency that are un-regulatable by design.
2019-4-19 14:00 | |
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A report published by ABC News on April 16, 2019, states that Russia’s lower chamber of parliament has passed a bill that gives more power to the Russian government over the country’s Internet traffic.
2019-4-18 01:00 | |
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The Russian Duma approved a bill that would enable the country to have a “Great Firewall” or “Iron Curtain” similar to what China has. The result of the law is that, whenever the government wants to, it can censor all incoming and outgoing traffic traveling through state-owned channels.
2019-4-13 00:58 | |
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While Bitcoin $BTC is doing is normal dancing in the charts today, in recent years, Russia has become the largest buyer of gold in the world. They’ve purchased 4x more gold in the last year then they held in their reserves.
2019-4-12 07:05 | |
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The Russian Federation doesn’t exactly scream friendliness when it comes to financial innovation, but appears to be making an exception for a company called Bank 131. At a time when Russia is taking away banking licenses, this fintech business is the first to receive a license in four years.
2019-4-12 02:13 | |
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Russia and China buying up gold may be setting the stage for a gold-backed cryptocurrency, suggests a former EU minister. However, such a scheme would still be inferior to Bitcoin, according to Russian economist Vladislav Ginko.
2019-4-11 19:00 | |
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A public opinion poll in Russia has shown that only one-third of people in the country do not think Bitcoin (BTC) is a viable investment. This survey result comes as recent reports claim Russian oligarchs are buying up BTC to bypass US sanctions.
2019-4-9 22:00 | |
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On March 27, Indian Prime Minister, Narendra Modi, announced that the country had successfully launched an anti-satellite missile in Low Earth Orbit (LEO). With that, India became only the fourth country to test an Anti-Satellite (ASAT) weapon – used to attack enemy satellites or intercepting ballistic missiles – after the US, China, and Russia.
2019-4-4 09:45 | |
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In Russia, internet censorship has become the norm rather than an exception. While that is not all that surprising any longer, it seems the government is not done with trying to prevent people from accessing specific information.
2019-3-29 12:06 | |
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Adopting crypto has been one of the key discussions among BRICS member states in a business forum held in Moscow on Friday. The BRICS (Bràzil, Russià, Indià, Chinà, ànd South Africà) bloc seeks to reduce its reliance on Western financial systems by introducing an alternative payment system to the SWIFT payment network. Related Reading: Binance […]
Russia's lower house of the Federal Assembly, known as the State Duma, has passed two crypto-related laws on Tuesday, a Russia based policy expert told CoinDesk and Ria Novosti, Russia's state-owned domestic news agency reported.
The Russian President is reportedly in favor of a welcoming regulation for bitcoin miners despite the Bank of Russia’s ban recommendations.
While Russian President Putin held the First Russia-Africa Summit in Sochi, Binance CEO Changpeng CZ Zhao also addressed Africa. The Russian authorities evaluated the results of the Russia-Africa summit extremely positive.
Russia’s prime minister has argued that crypto regulation is not a priority for the Russian government, since crypto lost its popularity
Russian President Vladimir Putin has ordered the state to adopt digital asset regulation by July 1, 2019 after making a similar order last year