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Russia to Ban Funds from Crypto Investment, Experts Warn of ‘Blurry’ Legal Status
14.12.2021
The Russian Central Bank has moved to bar financial firms in the country from engaging with crypto-related mutual funds.
In a press release, the resolutely anti-crypto body, which also polices the domestic financial sector, announced it had created a draft directive, which it will listen...
Bank of Russia to ban mutual funds from investing in Bitcoin
13.12.2021
Mutual funds in Russia will not be allowed to provide crypto exposure to qualified or unqualified investors
Russia to Allow Foreign Residents to Own and Use Digital Ruble
13.12.2021
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...
Power Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity Rates
12.12.2021
A Russian power utility has found a way to increase electricity prices for consumers mining cryptocurrency using household electricity. The regional distribution company has taken dozens of amateur miners to court and has already won some of the cases. Power Utility Goes After Crypto Miners Using...
Russia’s Federation Council to Set Up Working Group on Crypto Regulations
12.12.2021
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....
Russian Intelligence Service Wants More Power to Seize Crypto, Freeze Wallets
10.12.2021
Russia’s answer to the American FBI, the Investigative Committee of Russia, has called upon the government to grant it the power to seize crypto and freeze wallets.
In an interview with the media outlet Rossiyskaya Gazeta, the committee’s Chairman Alexander Bastrykin stated that...
Russia prioritizes CBDC ruble as overall crypto outlook seems positive
10.12.2021
What is the future of cryptocurrencies in Russia, and can a digital ruble really be introduced in the coming years?
Russian Senate, Gov’t Ministries & Central Bank to Create Crypto ‘Working Group’
8.12.2021
The Russian parliament’s upper house, the Federation Council (the equivalent to the American Senate), is stepping up its crypto regulatory efforts – and wants to get involved in the creation of new laws pertaining to the sector....
Read More: Russian Senate, Gov’t Ministries & Central Bank...
Russia’s largest bank struggles to register its digital asset platform
7.12.2021
State-owned bank Sber is trying to launch digital asset tools, but regulators remain skeptical about the industry
Bank of Russia Rejects Provision of Crypto-Related Financial Services
7.12.2021
Russia’s central bank has voiced opposition to the provision of financial services related to cryptocurrencies. The monetary authority believes such offerings would go against the interests of Russian investors as they are highly risky. Central Bank of Russia Unwilling to Allow Financial...
Russia, Ukraine Shut Down Several Cryptocurrency Farms
5.12.2021
Authorities in Russia and Ukraine have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been discovered around the capital cities, Kyiv and Moscow, as well as in the Russian republic of Dagestan. Russia Busts Illegal Mining...
Russia’s Telecom Watchdog Roskomnadzor Targets Another 6 VPN Providers
3.12.2021
Roskomnadzor, the government body responsible for oversight of communications in Russia, is taking steps to block six more VPN providers. The move comes after the agency cut access earlier this year to a number of VPN services helping Russians to reach “banned” information....
Russia to Decide Fate of Crypto Exchangers in 2022
3.12.2021
Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, authorities in Moscow would have to either regulate or ban such...
Alternative Investments Like Crypto Form Half of Russian Non-Qualified Investors’ Portfolios
2.12.2021
Investments in alternative assets such as cryptocurrencies account for over half of the portfolio of non-qualified Russian investors, a recently held survey has indicated. Almost half of them consider digital currencies like bitcoin as a potential hedge. Cryptocurrencies Outperform Traditional...
Putin Warns Cryptocurrencies Carry Risks, Admits They May Have Future
1.12.2021
Russian President Vladimir Putin has again spoken about cryptocurrencies, noting the “high risks” associated with the virtual assets. However, the Russian leader has also acknowledged that digital currencies may have a future and it’s necessary to follow their development....
With Omicron Looming, Japan Institutes More Travel Bans
1.12.2021
Since spring 2020, Japan has banned foreign visitors from entering the country. There have been exceptions—some fair, some not. Last month, Japan began opening the border to business travelers and students. And then, Omicron hit. Read more
Vladimir Putin says cryptocurrencies 'bear high risks'
30.11.2021
The remarks came at a time when the country's crypto regulatory framework remains underdeveloped
Russian Governor Who Slated Miners in October Now Plans to Welcome Them
30.11.2021
The Governor of a Russian province who just weeks ago was blasting crypto miners has now offered to help them set up shop in the region and provide support for people mining tokens.
As reported in October, the Irkutsk Region Governor Igor Kobzev called on the Russian Deputy Prime Minister and...
Study Finds Most Popular Cryptocurrencies With Russian Social Media Users
29.11.2021
In a year with rising crypto prices, online chatter devoted to cryptocurrencies has increased significantly. Research carried out on Russian social media has identified the most talked about coins and it’s not just bitcoin on people’s minds. Experts List Most Mentioned Cryptos...
Crypto is a hedge for 46% of Russian retail investors, survey states
29.11.2021
Bitcoin was the most popular cryptocurrency in Russia in October, outpacing coins like Tether and Litecoin