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Russia’s Finance Ministry Submits Bill to Legalize Crypto Investments, Ban Payments
22.2.2022
Russian Ministry of Finance has prepared and submitted a new bill to expand crypto regulations to the government. The law “On Digital Currency” aims to introduce rules for investment in cryptocurrencies while at the same time cementing a ban on their use in payments. Draft...
Bitcoin dips to $36.4K as Ukraine move sends Russian ruble to near 6-year lows vs. dollar
22.2.2022
Gold outperforms "digital gold" in the wake of geopolitical strife, analysts note, with XAU/USD passing $1,900
Russian Social Media Network Vkontakte to Introduce NFT Support
21.2.2022
Russia’s largest social media network, Vkontakte, has announced it’s going to introduce support for blockchain and NFTs. The crypto technologies will be incorporated into the platform’s scheme for monetization of user content and copyright protection. Vkontakte to Facilitate...
Clarity pushed back: Russian government fails to forge a consolidated stance on crypto regulation
19.2.2022
Another tentative deadline for the Finance Ministry and central bank to reach a compromise passes as an expected bill does not arrive
Crypto Exchange Binance Joins Expert Center at Russian Banks Association
19.2.2022
Digital asset exchange Binance has become the first crypto company to support the Association of Banks of Russia in efforts devoted to regulating the country’s growing cryptocurrency market. The coin trading platform will also work with authorities in Moscow as they try to adopt rules...
Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own Bills
19.2.2022
The Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at regulating cryptocurrencies. The drafts will be presented for public discussions expected to continue until March 18. Media reports have revealed that Bank of Russia has been working on alternative...
Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials
18.2.2022
The State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if they exceed...
Russian Crypto Consensus Collapses into Utter Chaos as Finance Ministry, Central Bank Present Rival Bills
18.2.2022
The rest of the world may be talking about the imminent threat of war between Russia and Ukraine, backed by Western allies, but in Moscow, the talk of the political town is...crypto....
Read More: Russian Crypto Consensus Collapses into Utter Chaos as Finance Ministry, Central Bank Present Rival...
Russian finance ministry opens public comment period for the crypto bill
18.2.2022
The Ministry of Finance is seeking industry and public input on how to regulate digital assets by March 18
Binance Joins Russian Banking Union, Will Head New Crypto Department
18.2.2022
The crypto exchange giant Binance has joined the Association of Russian Banks (ARB), where its Russia and CIS (Commonwealth of Independent States) lead will head a new crypto department....
Read More: Binance Joins Russian Banking Union, Will Head New Crypto Department
Binance exec to lead crypto expert center by Russian bank association
18.2.2022
The Association of Banks of Russia has launched a dedicated expert center focused on cryptocurrency regulation
Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank
17.2.2022
It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The two institutions are reportedly failing to reach consensus on crypto...
Late Drama Threatens to Disrupt Russian Crypto Regulation Plans
17.2.2022
Friday is supposedly D-Day for Russian parliamentarians, who are set to unveil their much-talked-about draft crypto regulation bill – but the drama continues to rumble on, leading some to questions whether the law will indeed pass as quickly as some have hoped....
Read More: Late Drama Threatens...
Russia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners
17.2.2022
The Ministry of Economic Development of Russia has suggested that crypto mining should be allowed in energy-rich regions and miners provided with access to inexpensive electricity. The department has joined calls to legalize the industry and utilize Russia’s strengths as a mining...
Bank of Russia Reports First Successful Digital Ruble Transfers Between Users
16.2.2022
Testing of the digital ruble has started in Russia with the country’s central bank announcing the first complete transactions between individual wallets. The monetary authority, a staunch opponent of cryptocurrencies, says its digital currency will create new opportunities for citizens...
Bitcoin Prices Rise as Russian Troops Retreat
16.2.2022
Russia never made its intentions clear about invading Ukraine. The West, however, predicted that it could happen any time in the middle of February 2022. Geopolitical tensions have always had an adverse effect on markets across the globe.. The tensions have affected the price of Cryptocurrency...
Report Attributes Large Share of Global Crypto Crime to Russia, Moscow City
16.2.2022
The growing popularity of cryptocurrencies has placed Russia among the leaders in adoption. But while it is yet to reach the top of the ranking, the country already has a “disproportionate share” of global activity related to some forms of crime involving cryptocurrency, according...
Russian Central Bank & Government Fail to Agree on Crypto Regulation; New Limits Proposed
15.2.2022
Senior officials from the Russian government and the Bank of Russia, the country’s crypto-skeptic central bank, did not manage to reach an understanding on the means to regulate the Russian cryptoasset market -- while the Deputy Finance Minister now proposes a buying limit for "unqualified...
Russian Ministry wants to legalize Bitcoin mining in specific areas
15.2.2022
The proposal aims to recognize crypto mining as a commercial activity and introduce taxes on its realized profits
Report: 74% of stolen funds from ransomware attacks went to Russian-affiliated wallet addresses in 2021
14.2.2022
Russian hackers allegedly netted a profit of more than $400 million through crypto-ransomware in 2021