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Russian Investors to Pass Exams Before Buying Cryptocurrencies, Draft Law Suggests

Russian Investors to Pass Exams Before Buying Cryptocurrencies, Draft Law SuggestsA new Russian law may oblige potential crypto investors to take a test before being allowed to purchase digital assets over a certain limit. The authors are also hoping to regulate cryptocurrency mining and cut access to cheap energy for those who mint coins in their homes. Bill to Bring ‘Tight Regulation’ to Crypto Industry, […]

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Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report Unveils

Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report UnveilsA roadmap on cryptocurrencies has been prepared by a number of ministries, regulatory bodies, and law enforcement agencies, Russian media reported. The document, which aims to regulate Russia’s crypto market by the end of this year, comes amid disagreements between the central bank and other government institutions about the future of decentralized digital money in […]

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Crypto Ban Proposed by Bank of Russia Met With Opposition in Parliament, Government

Crypto Ban Proposed by Bank of Russia Met With Opposition in Parliament, GovernmentThe central bank’s push for a restrictive policy regarding cryptocurrencies is not gaining support among members of the Russian government, legislature, or law enforcement. A blanket crypto ban, as proposed by the bank, would make a laughingstock of Russia, lawmakers have warned. Bank of Russia’s Hardline Stance on Crypto Rejected by Other Russian Institutions The […]

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

Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker SaysRussia 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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Bank of Russia Wants to Restrict Crypto Investments by Blocking Card Payments, Report Reveals

Bank of Russia Wants to Restrict Crypto Investments by Blocking Card Payments, Report RevealsThe Central Bank of Russia is currently reviewing various ways to prevent Russians from investing in cryptocurrency. One the options on the table is to block card payments to certain recipients such as crypto exchanges, a media report has unveiled. A recent meeting at the State Duma has indicated, however, that the authority’s hardline stance […]

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Working Group Meets to Prepare Regulations for Cryptocurrencies in Russia

Working Group Meets to Prepare Regulations for Cryptocurrencies in RussiaA crypto working group has held its first meeting at Russia’s parliament. Its members have been tasked to put forward legislative proposals designed to comprehensively regulate cryptocurrencies and related matters in the Russian Federation. Working Group Gathers at State Duma to Draft Crypto Regulations Lawmakers, government officials, and experts have met at the lower house […]

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Bank of Russia Sees No Place for Crypto in Financial Market, Finalizes Digital Ruble Prototype

Bank of Russia Sees No Place for Crypto in Financial Market, Finalizes Digital Ruble PrototypeIn advance of presenting its comprehensive view on crypto regulations, the Central Bank of Russia has indicated that it sees no place for cryptocurrencies in the country’s financial market. The monetary authority also announced that the prototype of the platform for its own digital currency is already completed. Bank of Russia to Issue Report on […]

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Russians Have Invested Over $67 Billion in Cryptocurrency, Lawmaker Reveals

Russians Have Invested Over  Billion in Cryptocurrency, Lawmaker RevealsInterest in cryptocurrencies has been growing in Russia, not least among non-qualified investors. According to recently quoted estimates, Russians have already put more than $67 billion into the crypto market, the capitalization of which has increased significantly this year. Russians Spent Some 5 Trillion Rubles on Crypto Russian residents have swapped 5 trillion of their […]

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Illegal Crypto Miners Threatened With Jail Time in Russia

Illegal Crypto Miners Threatened With Jail Time in RussiaCryptocurrency 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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Russia’s Federation Council to Set Up Working Group on Crypto Regulations

Russia’s Federation Council to Set Up Working Group on Crypto RegulationsThe 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 […]

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