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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...
Russian Government Approves Plan to Regulate Cryptocurrency
9.2.2022
The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian...
Russian Government Eyes $13 Billion in Taxes From Crypto Economy
9.2.2022
Authorities in Moscow expect to collect more than $13 billion as tax payments from the Russian crypto market, according to a government document quoted by media. The estimate comes as Russian institutions are holding discussions on the future of cryptocurrencies in the country. One Trillion Rubles...
Financial Market Committee Chair Aksakov Joins Calls for Identification of Russian Crypto Owners
19.1.2022
Anatoly Aksakov, head of the Financial Market Committee at the Russian parliament, has reiterated a warning for cryptocurrency investors and insisted that Russians owning coins should declare their digital assets. The parliamentarian also urged for the comprehensive regulation of crypto mining...
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
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...
Finiko Founder Doronin Offers to Testify Against 44 Accomplices at Crypto Pyramid
22.11.2021
Kirill Doronin, mastermind of the Russian crypto Ponzi scheme Finiko, has proposed to testify against dozens of his former associates he claims violated his order to accept only cryptocurrency from investors. The founder of Russia’s largest financial pyramid in modern times has already...
US ‘Kidnapped’ Russian Crypto Businessman Denis Dubnikov, Lawyer Says
13.11.2021
U.S. law enforcement agents have “kidnapped” crypto entrepreneur Denis Dubnikov in Mexico, before transferring him to the Netherlands where he was arrested, his lawyer told Russian media. Dubnikov is suspected of money laundering and faces up to 20 years in prison if extradited to...
Russian Nationalists Prepare Bill to Regulate Cryptocurrency Mining
13.11.2021
Lawmakers from the Liberal Democratic Party of Russia are gearing up to introduce a draft law designed to regulate crypto mining. The nationalists say the legislation will benefit both Russian citizens and the state, as well as those who want to get involved in the business legally. Nationalists...
Moscow Confirms Arrest of Russian Crypto Entrepreneur in Amsterdam, Report Mentions FBI
6.11.2021
Authorities in the Netherlands have arrested a Russian national with a cryptocurrency business, the Foreign Ministry in Moscow has confirmed. The man involved in the establishment of two crypto exchange platforms was apprehended earlier this month, reportedly on a request from U.S. law enforcement....
Russian crypto market worth $500B despite bad regulation, says exec
29.10.2021
Many crypto exchanges with Russian roots have fled the country or operate illegally, Blockchain Life's founder said
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....
Investors Lost $10,000 on Average to Russian Crypto Pyramid Finiko, Poll Reveals
13.10.2021
Investors defrauded by the Russia-based cryptocurrency Ponzi scheme Finiko have sent the crypto pyramid an average exceeding 720,000 rubles, or more than $10,000 at current exchange rates. The assessment comes from a survey of victims conducted by a public non-profit organization. Fifth of Finiko...
US Sanctions Russian Crypto Broker Suex for Laundering Millions in Illicit Funds
22.9.2021
The U.S. Treasury Department has blacklisted Suex, a cryptocurrency broker based in Russia, for its money laundering activities. The platform is suspected of processing hundreds of millions of dollars in crypto transactions related to scams, ransomware attacks, darknet markets, and the infamous...
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
Russian Crypto Industry Scrambles to Attract Miners as Kazakhstan Overtakes Russia in Mining Volume
19.7.2021
An industry association representing the Russian crypto sector has launched a project to entice bitcoin miners. Despite its abundant sources of cheap energy, Russia is now lagging behind Kazakhstan, another Eurasian Economic Union member, in terms of cryptocurrency production. Russian Project Aims...
Russia Drafting Law on Confiscation of Crypto Assets
8.7.2021
Russian Prosecutor General Igor Krasnov has revealed that legislative amendments are being prepared on the confiscation of crypto assets. “A serious challenge is the criminal use of cryptocurrencies in our country,” he said. Russia is preparing amendments to the current legislation...
Russian Crypto Seizure, Crypto.com Enters New Ring + More News
7.7.2021
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Regulation news
Russia’s Prosecutor-General Igor Krasnov has claimed that the government is preparing new legislation that will allow...
Russian Crypto Miners Brace for Computer Chip Crisis Fallout
11.5.2021
Russian crypto miners could be hit by the looming semiconductor shortfall, per a new report – as chipmakers warn of a sharp drop in production rates.
Consumer electronics brands such as South Korea’s Samsung and LG have joined an increasingly loud chorus, which also includes the automakers...
Yellen & Global Tax Plan, Russian Crypto Consultation, Indian NFT Marketplace + More News
5.4.2021
Janet Yellen. Source: A video screenshot, Youtube/Credit Suisse
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Tax news
Janet Yellen will use her first major address as US Treasury secretary...