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Abkhazia Lifts Two-Year Ban on Bitcoin Mining, Moves to Regulate the Sector


Abkhazia, the self-governing but disputed territory of just 245,000 people sandwiched between Russia and Georgia, has lifted its two-year ban on cryptocurrency mining. The ban came into effect in December 2018 after a surge in mining activity left the region facing an energy crisis. Now,...

Russia’s Football Association Uses Blockchain Voting at Virtual Summit


Blockchain has found a new role in the world of sport – and football in particular – with the Russian Football Union (RFU) adopting blockchain voting, allowing the governing body to do away with paper ballots and hold virtual summits. The RFU, headquartered in Moscow, is the official governing body...

Russia Proposes Harsh Penalties for Unreported Cryptocurrency Holdings


Russia’s Ministry of Finance has drafted a bill with harsh penalties for anyone who does not report their cryptocurrency holdings above a certain level. Penalties include jail terms and fines. New Russian Crypto Bill The Russian Ministry of Finance has sent out a new draft bill addressing...

Crypto Exchange Binance Blacklisted by Russia’s Telecom Censorship Agency


Russia’s telecom regulator Roskomnadzor has added Binance, the world’s largest crypto exchange, to the list of blacklisted websites in the country. The exchange was blacklisted on June 2, 2020, but Binance became aware of this only on September 24th, after receiving communication from...

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