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Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners
25.12.2021
The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages. Regions in Russia...
Russian Provinces Free to Make Crypto Miners Pay Higher Electricity Rates, Says Gov’t
24.12.2021
Crypto miners in Russia could be set to pay higher electricity fees in 2022, but the development could allow miners to ply their trade without further scrutiny from energy providers – who may even assist them in setting up their operations in ways that place less strain on local grids....
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Working Group Meets to Prepare Regulations for Cryptocurrencies in Russia
24.12.2021
A 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...
Industry experts reveal a possible method for Bank of Russia to block crypto
24.12.2021
Bank of Russia’s crypto restrictions through MCC would unlikely affect exchanges that have been operating illegally so far
No Progress on Russian Crypto Law until February 2022 at the Earliest, Says Duma Chief
23.12.2021
Those hoping to see crypto regulations roll out in Russia will need to wait until at least February next year to see what any draft legislation might look like, per a key parliamentarian....
Read More: No Progress on Russian Crypto Law until February 2022 at the Earliest, Says Duma Chief
Bank of Russia Sees No Place for Crypto in Financial Market, Finalizes Digital Ruble Prototype
22.12.2021
In 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...
Russia Still No Closer to Regulating Crypto Despite Central Bank ‘Concession’
21.12.2021
Russia’s staunchly anti-crypto Central Bank has spelled out its “vision” for crypto regulation – but the painfully slow process of formulating a regulatory framework appears to be frustrating even the parliamentarian charged with creating legislation for the sector....
Read More: Russia Still...
Bank of Russia to allow crypto investment via foreign firms: Report
21.12.2021
Russian citizens and businesses will reportedly have the right to acquire Bitcoin, but not via local infrastructure
Russians Have Invested Over $67 Billion in Cryptocurrency, Lawmaker Reveals
21.12.2021
Interest 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...
Law Decoded: Making sense of mixed signals, Dec. 13–20
20.12.2021
This week in crypto regulation was marked by officials expressing contradictory views on how to approach digital assets
Bank of Russia Has Tools to Restrict Crypto Investments, Governor Hints
19.12.2021
The Central Bank of Russia has reaffirmed its opposition to cryptocurrency investments citing the volatility of the digital assets as a key motive for its conservative stance. Governor Elvira Nabiullina has recently indicated that the regulator has the means to restrict them. Nabiullina Insists...
Demand for Mining Hardware Spikes in Russia, Prices Rise
19.12.2021
The market for crypto mining equipment in Russia has seen strong interest from buyers of both new and used devices, retail data indicates. This year, demand for application-specific integrated circuit (ASIC) machines has multiplied exponentially while video cards have been in short supply leading...
Here's why Ethereum traders could care less about ETH's current weakness
19.12.2021
ETH price could hit new lows near $3,600, but derivatives data suggests pro traders still feel bullish
Russia to Decide Between Full Ban and Legalization of Crypto Investments, Trade
17.12.2021
Authorities in Russia are discussing two very different approaches to the regulation of cryptocurrencies and related activities. While the Bank of Russia is reportedly seeking to introduce a ban on buying crypto assets, lawmakers are moving forward with efforts to adopt rules for mining, exchange...
Bank of Russia governor: Banning crypto in Russia is 'quite doable'
17.12.2021
"We cannot welcome investments into cryptocurrencies," says Central Bank of Russia governor Elvira Nabiullina
Illegal Crypto Miners Threatened With Jail Time in Russia
17.12.2021
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...
Russia: Total Ban on Crypto Ownership Still on Table, Says Top Official
17.12.2021
Russian lawmakers’ seemingly endless quest to introduce crypto regulation in the country could culminate in a complete ban on the ownership and purchase of coins, says the elusive regulation’s chief architect....
Read More: Russia: Total Ban on Crypto Ownership Still on Table, Says Top Official
Russia to decide between blanket crypto ban and legalizing exchanges in 2022
16.12.2021
The world's biggest country will reach a crossroads on crypto regulation as it enters 2022
Russian Crypto Miners Tell Lawmakers: ‘Hurry up and Legalize Our Industry’
16.12.2021
Russian crypto miners say they want their industry to be legalized – and hope that official status could help them avoid spats with power providers.
Lenta reported that the situation for miners in the Irkutsk Oblast in Siberia has deteriorated of late....
Read More: Russian Crypto Miners Tell...
Bank of Russia Wants to Ban Mutual Funds From Investing in Cryptocurrency
15.12.2021
Russia’s central bank intends to prohibit mutual funds from acquiring crypto assets or related financial instruments. The proposal, which is in line with its hard line stance on decentralized digital money, comes after the regulator urged stock exchanges to avoid trading securities tied...