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Digital Currencies Could Outshine SWIFT System, Says Central Bank of Russia’s Deputy Governor
29.12.2020
The first deputy governor of the Central Bank of Russia (CBR) has been vocal in a recent online meeting, reported by Russia Today (RT), about the topic of digital currencies challenging the SWIFT international payments system and make it redundant. Digital Currencies Could Challenge SWIFT System...
Digital Currencies May Make SWIFT Redundant, Says Russian Central Bank: Report
26.12.2020
Digital currencies may challenge and someday could make redundant the SWIFT global banking payment system, according to a Central Bank of Russia official, Russia Today reported. Read more: Bank of Russia Chair: Digital Ruble Is No Threat to Banks
Bitcoin Hits $500K on Russian Crypto Exchange After Hackers Take Control — Users Cry Exit Scam
26.12.2020
Cryptocurrency trading platform Livecoin claims that it has been hacked after the crypto community noticed the price of bitcoin shoot up to half a million dollars. Meanwhile, users are complaining that they cannot withdraw their funds, suspecting the exchange of pulling an exit scam. $500K...
Russian Parliament Foresees a Wave of Token Issuance for 2021 in the Wake of Crypto Law Promulgation
26.12.2020
The head of the Russian parliamentary committee on financial markets and the country’s first crypto law’s author is forecasting a “surge in token issuance” for 2021 in the wake of the promulgation expected to take place in January. Russian Parliament Expects a ‘Surge...
Russian Parliament Expects a 2021 ‘Surge’ in Token Issuance
23.12.2020
Russia’s parliament, the State Duma, said that it is braced for a “surge in token issuance” in the new year.
Per a report published in the Parliamentary Gazette, Anatoly Aksakov – the head of the Duma’s committee on financial markets and the chief architect of Russia’s crypto legislation – stated...
Russian MPs Seek to Drive E-Pay and Crypto Further Apart with New Bill
18.12.2020
Russia’s parliament, the State Duma, is set to vote on a bill that could inadvertently clarify the difference between e-pay wallets and crypto wallets. The bill seeks to enable anonymous payments in digital transactions – providing they are made in fiat.
The measure was proposed by a group of...
Russian President Vladimir Putin Signs Order Compelling Government Workers to Disclose Crypto Holdings
13.12.2020
Russian President Vladimir Putin has signed an order compelling the country’s government workers to disclose their cryptocurrency holdings. The order stipulates that employees must submit details of where they bought the digital assets and the value thereof by June 30, 2021. Similarly...
Russian officials must disclose their crypto holdings by June 2021
11.12.2020
Russian officials finally prepare to disclose their crypto
Russian Prosecutor General Coming for Civil Servants’ ‘Hidden Bitcoin’
11.12.2020
The building of the General Prosecutor's Office of the Russian Federation in Moscow. Source: Adobe/Андрей Журавлев
The office of the Russian Prosecutor General has redoubled its attempts to force government officials to declare their crypto holdings as part of a bid to wipe out corruption among...
Russian crypto lobby group appeals to finance ministry to soften legislation
9.12.2020
A crypto advocate group in Russia is lobbying for more friendly federal crypto law
France Sentences BTC-e Crypto Exchange’s Operator to 5 Years in Prison for Money Laundering
8.12.2020
Russian crypto exchange BTC-e’s operator Alexander Vinnik has now been sentenced to five years in prison by a French court and fined 100,000 euros. He was arrested over three years ago in Greece, extradited to France, and is wanted in the U.S. and Russia. Vinnik Sentenced After 3+ Years...
Lawyer Warns Russian Crypto, Blockchain Exodus Has Already Begun
5.12.2020
Expert voices are warning that a mass crypto and blockchain exit is already underway in Russia, with companies seeking a way out over concerns that the nation is “lagging behind” other more business-friendly regions.
Per DP.ru, Yuri Brisov, a member of the Commission on the Legal Support of...
Russian central bank opposes ruble-pegged stablecoins
2.12.2020
Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency
Ruble or Rubble? Russian Institutions Have Concerns About Proposed CBDC
1.12.2020
Russian banks and financial brokers are worried the digital ruble will be a burden for them
Experts Divided on New Russian Crypto Regulations
1.12.2020
An influential Russian politician has spoken up in favor of the country’s forthcoming crypto regulations rollout – but opposition voices are not so sure that the new rules will do anything to help the crypto sector.
Per media outlet RIA Novosti (via Prime), Arseniy Poyarkov, a member of State...
Russia to Recognize Bitcoin as Property With Legal Protection
30.11.2020
The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court. Russia to Recognize Bitcoin as Property During...
Russian prime minister proposes legal steps to bring order to crypto market
26.11.2020
Russia’s prime minister proposed recognizing crypto as property under the nation’s tax code
Russian Prime Minister Pledges to ‘Civilize’ Crypto Market and Prevent Scams
26.11.2020
Changes to the law will bring Russia's crypto users more protections against fraud, said Mikhail Mishustin
Russian Hospitalized After Bitcoin Mining Farm Sets Apartment on Fire
25.11.2020
A poorly managed mining farm in St. Petersburg, Russia, set an apartment on fire and injured the operator, according to a report
Russia Proposes New Rules and Penalties for Cryptocurrency Owners
13.11.2020
The Russian Ministry of Finance has developed new amendments to the country’s cryptocurrency regulation. The proposal outlines a new set of rules for crypto owners, exchanges, and miners, as well as penalties for undeclared crypto transactions. Russia’s New Crypto Regulation...