No Developed Nation Bans Cryptocurrencies, Telegram Founder Pavel Durov Warns Russia

January 24, 2022 Bitcoin.com

Ban

Pavel Durov, founder of the messaging app Telegram, has criticized Bank of Russia’s proposal to impose a blanket ban on a range of crypto-related activities. Such move would stifle high-tech development and chase away blockchain specialists, Durov says. Durov Speaks Out Against Bank of Russia Push for Crypto Ban The cryptocurrency ban proposed by the […]

Bitcoin Could Undergo a ‘Little Bit Bigger of a Drop’ if Indicator That’s Acted as Support Flips: Benjamin Cowen

Russian Banks Begin Testing Digital Ruble Payments

January 22, 2022 Bitcoin.com

Banks

Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer (C2C) payments and Bank of Russia plans to expand the types of operations in the future. Digital Ruble Pilot Launches With 12 Participating Banks The […]

Bitcoin Could Undergo a ‘Little Bit Bigger of a Drop’ if Indicator That’s Acted as Support Flips: Benjamin Cowen

Russia to Allow Foreign Residents to Own and Use Digital Ruble

December 13, 2021 Bitcoin.com

bank

The central bank of Russia intends to ensure that the digital ruble is convertible to foreign currencies and can be used by non-residents. In a document devoted to the digitalization of the Russian financial sector, the regulator reiterates its concerns over the risks associated with cryptocurrencies and insists that state-issued digital currencies are safer. Bank […]

Bitcoin Could Undergo a ‘Little Bit Bigger of a Drop’ if Indicator That’s Acted as Support Flips: Benjamin Cowen

Russia’s Federation Council to Set Up Working Group on Crypto Regulations

December 12, 2021 Bitcoin.com

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The Federation Council of the Russian legislature is forming a working group expected to propose comprehensive regulations for cryptocurrencies. Officials from several ministries and government agencies, as well as members of the country’s expanding crypto industry, will join the body. Federation Council to Prepare New Regulations for Cryptocurrencies in Russia The Federation Council, the upper […]

Bitcoin Could Undergo a ‘Little Bit Bigger of a Drop’ if Indicator That’s Acted as Support Flips: Benjamin Cowen

Russian Parliament Sets Up Working Group on Cryptocurrency Regulations

November 26, 2021 Bitcoin.com

Anatoly Aksakov

A working group on cryptocurrencies and related activities will soon begin to meet at the State Duma, the lower house of Russian parliament. Its members are expected to take on the task of clarifying various regulatory aspects related to digital financial assets such as the legalization of mining and the introduction of taxation. Working Group […]

Bitcoin Could Undergo a ‘Little Bit Bigger of a Drop’ if Indicator That’s Acted as Support Flips: Benjamin Cowen

Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs

November 10, 2021 Bitcoin.com

Anatoly Aksakov

Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry. Russian Government to Collect Millions of Dollars in Taxes After Legalizing Crypto Mining While the […]

Bitcoin Could Undergo a ‘Little Bit Bigger of a Drop’ if Indicator That’s Acted as Support Flips: Benjamin Cowen

Russian Government to Track Crypto Transactions With Help From Anti-Drug Organization

November 4, 2021 Bitcoin.com

Bank of Russia

Russian institutions have responded to a call from а public movement for joint efforts to identify cryptocurrency transfers related to drug trade. The anti-drug organization, Stopnarkotik, recently asked the interior ministry and the central bank to investigate alleged connections between U.S.-sanctioned crypto exchange Suex and a darknet market operating in the region. Russian Authorities Respond […]

Bitcoin Could Undergo a ‘Little Bit Bigger of a Drop’ if Indicator That’s Acted as Support Flips: Benjamin Cowen

Federal Security Service of Russia Seeks Powers to Obtain Information From Crypto Platforms

October 31, 2021 Bitcoin.com

anti-corruption

The Federal Security Service of the Russian Federation has issued a draft order allowing its agents to request information from cryptocurrency platforms among other organizations. The move follows changes made to the anti-corruption legislation in Russia, the agency noted. FSB Wants Access to Crypto Data for Anti-Corruption Checks in Russia Russia’s main law enforcement agency, […]

Bitcoin Could Undergo a ‘Little Bit Bigger of a Drop’ if Indicator That’s Acted as Support Flips: Benjamin Cowen

Russia Considers Selling Power to Kazakhstan Amid Deficit Caused by Crypto Miners

October 29, 2021 Bitcoin.com

$POWER

State-owned Russian energy giant Inter RAO is now discussing electricity supplies for Kazakhstan where crypto miners have allegedly caused a spike in consumption this year. The country is expecting the power deficit to reach 600 megawatts as demand during the winter increases even further. Kazakhstan Likely to Buy Electricity From Russian Federation to Deal With […]

Bitcoin Could Undergo a ‘Little Bit Bigger of a Drop’ if Indicator That’s Acted as Support Flips: Benjamin Cowen

Russia Considers Partially Replacing Dollar Reserves With Digital Assets in Future

October 20, 2021 Bitcoin.com

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Amid ongoing sanctions, the government of Russia has been working to limit the country’s dependence on the U.S. dollar. The Ministry of Foreign Affairs now says it’s possible to partially replace the greenback in currency reserves and trade settlements with other currencies and even digital assets in the future. Foreign Ministry Official Sees Russia Acquiring […]

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