Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says

March 20, 2023 Bitcoin.com

bank

Blockchain technology can help solve current issues with settlements, according to the deputy chief executive of Sberbank. Russia’s largest bank is working with other financial institutions to develop blockchain-based payment applications, the banker revealed. Sberbank Sees Solution to Russia’s Troubles With Settlements in Blockchain With major Russian banks disconnected from the main global interbank payment […]

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Russia’s First Digital Financial Assets Expected This Year, Lawmaker Says

May 18, 2022 Bitcoin.com

Aksakov

The first digital financial assets based on Russian blockchains may be issued as early as this year, a high-ranking parliamentarian announced. Three platforms are already registered as issuers, said Anatoly Aksakov, who chairs the Financial Market Committee at the State Duma, the lower house of Russian parliament. Russian Digital Financial Assets Likely to Appear by […]

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Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says

January 23, 2022 Bitcoin.com

Ban

Russia can legalize cryptocurrency mining and stablecoins backed by gold under government control, a high-ranking member of the Russian parliament has suggested. The statement comes after Bank of Russia proposed a wide-ranging ban on the use of cryptocurrencies, and their trading and mining. Mining and Some Stablecoins Can Be Legalized in Russia, Duma Deputy Insists […]

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Spanish Deputy Suggests Spain Might Attract Kazakhstan Miners

January 10, 2022 Bitcoin.com

bitcoin.com

Maria Muñoz, a Spanish deputy from the country’s Congress, wants to position its country as a reliable alternative to miners that are facing a dire situation in Kazakhstan, after their internet service was suspended, affecting their operative capacity. Muñoz sent a letter to the congress, inquiring about the possible actions that Spain might take to […]

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Illegal Crypto Miners Threatened With Jail Time in Russia

December 17, 2021 Bitcoin.com

$POWER

Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on draft legislation to regulate the crypto activity. The industry cannot rely on support from the state, another high-ranking parliamentarian has added. Unauthorized Use of Power […]

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More Regulations Proposed to ‘Streamline’ Mining Sector in Kazakhstan

November 28, 2021 Bitcoin.com

$POWER

Authorities need to expand the regulatory framework for cryptocurrency miners, a member of the parliament in Kazakhstan has suggested. The additional rules should streamline their activities and help correct the forming public opinion that they are responsible for the country’s electricity deficit. Crypto Mining in Kazakhstan Needs Additional Regulations, Lawmaker Says New regulatory requirements and […]

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Local Council Member in Ukraine Declares 124 BTC and 500 Tesla Shares

November 14, 2021 Bitcoin.com

asset declarations

A government official in Rivne region of Ukraine owns close to $8 million in cryptocurrency and 500 Tesla shares, his declaration shows. The news comes as another Ukrainian lawmaker in Kyiv has found it hard to prove possession of the crypto holdings on her asset statement. Ukraine Officials Declare Crypto Assets, Fail to Provide Proof […]

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Russian Nationalists Prepare Bill to Regulate Cryptocurrency Mining

November 13, 2021 Bitcoin.com

Andrey Lugovoy

Lawmakers from the Liberal Democratic Party of Russia are gearing up to introduce a draft law designed to regulate crypto mining. The nationalists say the legislation will benefit both Russian citizens and the state, as well as those who want to get involved in the business legally. Nationalists Propose Regulations for Russian Crypto Miners The […]

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Ukraine Officials Fail to Account for Millions in Declared Crypto Assets

September 19, 2021 Bitcoin.com

BCH

Personal asset declarations filed by politicians and government officials in Ukraine have indicated that many have made significant investments in cryptocurrency. However, some of them have been unable to prove ownership or account for their digital holdings, local media reported. Lawmaker Loses Over 40 BTC With Stolen Vehicle in Ukraine Dmitry Gurin, a member of […]

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