Search
Russia does ‘absolutely nothing’ to regulate crypto, RACIB head says
25.10.2021
The recent law "On Digital Financial Assets" has not gone far enough in the eyes of Russian crypto industry advocates
Russian Crypto Industry Association Slams Government for Doing ‘Nothing’ to Regulate Sector
24.10.2021
The main organization representing participants in the Russian crypto space has lambasted authorities in Moscow for not doing enough to regulate the industry. The criticism comes four years after President Putin directed institutions to legally define the status of digital financial technologies....
Bank of Russia Not Ready to Allow Bitcoin ETF Trading, Governor Says
24.10.2021
Central Bank of Russia isn’t prepared to admit a bitcoin exchange-traded fund (ETF) to the market, the head of the regulator, Elvira Nabiullina, told Russian media. Her statement, reaffirming the bank’s hardline stance on cryptocurrencies that has been recently criticized again, came...
Sanctioned Russian oligarch urges central bank to embrace Bitcoin
21.10.2021
The U.S. Treasury asked cryptocurrency companies to ensure compliance with sanctions last week
Russian officials consider proposal to mine Bitcoin with associated gas
20.10.2021
Russian authorities continue to show increasing interest in cryptocurrencies as Bitcoin nears a new all-time high
Bank of Russia to assess Bitcoin holdings volumes as $36M leave banks
15.10.2021
The Bank of Russia remains skeptical on crypto despite the Russian president viewing it as a potential unit of account
Too early to talk about using crypto for oil trading, says Putin
14.10.2021
The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.”
Russia aims to limit crypto purchases by non-accredited investors
7.10.2021
The Bank of Russia also wants to slow down transactions to crypto exchanges to prevent “emotional” crypto purchases
Bank of Russia Lists Crypto Companies Among Financial Pyramids
24.9.2021
The Central Bank of Russia has recently expanded its database of financial market players suspected of illicit activities. Several crypto companies have been added to the list along with entities bearing signs of Ponzi schemes, as well as illegal credit organizations and forex dealers. Central Bank...
Bank of Russia to ‘Slow Down’ Payments to Crypto Exchanges, Curb Russians’ Impulsive Investments
19.9.2021
Central Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges. The move aims to limit “emotional” cryptocurrency purchases made by “unqualified” Russian investors, a CBR official revealed. The move is likely...
Former chief of Russia's Wex crypto exchange arrested in Poland
17.9.2021
The exchange was previously known as BTC-e, though its name was changed to WEX following legal difficulties in 2017
Data center operators have ‘no problem’ with new Russian crypto crackdown
16.9.2021
As Russia works to “more clearly prohibit the use of cryptocurrency,” the country's largest data center operators aren’t really worried
Bank of Russia wants to block ‘emotional’ and suspicious crypto activity
15.9.2021
The Russian central bank is planning to slow down payments to crypto exchanges and combat suspicious crypto activity
Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy Document
15.9.2021
The launch of a digital ruble will be among Russia’s key priorities of digitalization this decade, the country’s financial market development strategy has confirmed. The document claims the issuance of a digital national fiat will help the central bank to prevent Russians from using...
Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto Exchangers
14.9.2021
The central bank of Russia has advised commercial banks on how to identify and block cards and wallet accounts used by shady businesses. Along with illegal forex dealers and financial pyramids, the regulator has also listed crypto exchangers as suspicious entities. New AML Recommendations by Bank...
Crypto Mining Should Be Registered and Taxed in Russia, Financial Market Committee Chair Says
12.9.2021
Cryptocurrency mining should be registered as entrepreneurial activity and taxed as such, according to Anatoly Aksakov, chairman of Russia’s parliamentary Financial Market Committee. The lawmaker also thinks Russian digital currency regulations need refinement. Amendments Likely to Affect...
Russian Duma wants to regulate crypto mining as business
9.9.2021
Russia is moving to regulate cryptocurrency mining after legitimizing the broader crypto industry in January
Russian State Hermitage raises $440K via Binance NFT auction
7.9.2021
Da Vinci’s artwork has received the highest bid of 150,500 BUSD in the Hermitage’s first NFT auction on Binance
Russia not ready to accept Bitcoin as legal tender, says Kremlin
7.9.2021
The Russian government keeps insisting that payments in cryptocurrencies like Bitcoin would ruin its financial system
Russian Sberbank plans to register its digital asset tool in September
2.9.2021
As the largest banking and financial institution in Russia and one of the world’s biggest public companies, Sber’s move into digital assets is a significant one