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Russian Crypto Exchange Shuts Down Amid Accusations of Exit Scam


The Russian cryptocurrency exchange Livecoin has shut down amid accusations that it has pulled an exit scam. Customers are unable to withdraw their funds and have been asked to provide extensive identifying information which they fear would lead to identity theft. The exchange claims that it...

Associated Gas Pilot Could Lead to Huge Boon for Russian Bitcoin Miners


Russian Bitcoin (BTC) miners could be in for a massive, unexpected environmentally friendly windfall if a pilot leads the nation’s energy giants to embrace crypto mining en masse. Further details have been unveiled about a plant operated by the oil arm of Gazprom, Gazprom Neft, which late last year...

Russian Banks Given Power to Freeze or Block Crypto-linked Accounts


New Russian banking regulations will allow financial institutions to freeze or block the bank accounts of individuals or companies they think are associated with crypto activities. The rule change have been imposed by the nation’s Central Bank, which has outlined changes it will make to...

Russian CBDC To Create 'Centralized Database' of Spending, Expert Warns


Another Russian crypto expert has warned of the dangers of the nation’s Central Bank issuing a so-called digital ruble, claiming that neither consumers nor banks are yet sold on the idea of using a digital fiat. In an interview with AB News, Viktor Dostov, the Chairman of the Russian Electronic...

Russian Parliament Expects a 2021 ‘Surge’ in Token Issuance


Russia’s parliament, the State Duma, said that it is braced for a “surge in token issuance” in the new year. Per a report published in the Parliamentary Gazette, Anatoly Aksakov – the head of the Duma’s committee on financial markets and the chief architect of Russia’s crypto legislation – stated...

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