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Russian Central Bank Chided for ‘Deliberately Slowing Crypto Progress’
27.10.2020
Yuri Pripachkin, the head of the Russian Association of Cryptocurrencies and Blockchain. Source: a video screenshot, Youtube/FINAM
The head of a Russian crypto and blockchain industry group has launched a stinging attack on the nation’s Central Bank (CB), essentially accusing it of purposefully...
Russian Public Officials Must Now Declare Their Crypto Holdings as Income
23.10.2020
Public officials in Russia will now be required to declare all the crypto assets they hold as income. The measures are with effect from Jan. 1, 2021, local media reported. Russia’s prosecutor general Igor Krasnov declared: “Starting next year, civil servants will be required to declare...
‘The cryptoruble is the future’ says Russian policymaker
22.10.2020
The parliament member claimed that there are no anti-blockchain voices in the Russian government
No Anti-Blockchain Voices in Russian Government, Says Policy Chief
22.10.2020
The head of the Russian parliament’s financial markets committee Anatoly Aksakov said there are “no anti-blockchain voices in the government,” major industry players remain crypto-keen – and believes that a “cryptoruble” pilot will begin next year.
Per media outlet RBC, Aksakov – the chief...
Russian officials must now declare crypto holdings
22.10.2020
The move reverses a 2018 decision that officials did not have to declare crypto holdings
‘All’ Russian Civil Servants Told to Declare Crypto Holdings
21.10.2020
Russian public officials will be obliged to declare how much crypto they own, said the country’s Prosecutor General’s Office.
Per an official release, the Prosecutor General has introduced the changes in line with the country’s first crypto law, which was approved earlier this year and promulgates...
Report ranks crypto next to gold in popularity with Russian investors
20.10.2020
Crypto seems to be nearly as popular as gold among Russian investors
Digital Ruble: Russia Unveils Plans to Test Central Bank Digital Currency
20.10.2020
As China is actively testing its digital yuan, Russia is now planning to build and test a central bank digital currency, the digital ruble. Meanwhile, the Bank of Russia has proposed limiting the amount of bitcoin retail investors can buy. Russia’s Central Bank Plans Digital Ruble The central...
US Alleges Top Russian Cyber Hackers Tried to Cover Digital Tracks With Bitcoin
19.10.2020
The cyberhackers used bitcoin to cover their ties to critical hacking campaign "infrastructure" such as servers and domain names, according to an indictment unsealed Monday by U.S. prosecutors
Peter Schiff’s Euro Pacific Bank Under Investigation by Tax Authorities in 5 Countries
19.10.2020
Euro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by the FBI as the world’s worst...
North Korean Crypto Hackers Now Target Russian Defense Firms – Report
19.10.2020
A group of North Korean hackers that have allegedly made a name for themselves by targeting American-based crypto firms appears to have upped its ante – and is now reportedly targeting Russian and other international defense companies.
Per Kommersant, Anastasia Tikhonova, head of sophisticated...
Russian Metal Giant’s Tokenization Firm Expands to America
16.10.2020
U.S. investors can invest in tokens representing rare metals as Russian mining giant Nornickel expands its tokenization firm
Five Russian Commercial Banks Eager to Pilot Digital Ruble in 2021
16.10.2020
Russia’s “cryptoruble” – its central bank digital currency (CBDC) initiative – is seemingly picking up momentum after years spent in limbo.
Earlier this month, the Russian Central Bank announced that it would consider debuting a digital token, after a year ago stating that there was no need...
Five Russian banks express interest in piloting digital ruble
16.10.2020
The first pilots of Russia’s digital currency are expected to launch in H1 2021
Authorities Arrest 20 Suspected of Ties to Russian Rapper’s Alleged Money Laundering Syndicate
15.10.2020
Authorities accuse QQAAZZ of mounting a laundering-as-a-service operation for the criminal underworld
Former Gulag in Russian Arctic Bids to Become Bitcoin Mining Hotspot
15.10.2020
Norilsk.
A Russian firm is set to open a hotel with a difference in the Arctic Circle – although it isn’t the kind most folks would ever dream of visiting. Instead it’s a crypto mining “hotel” fitted with ASIC bitcoin (BTC) mining rigs and powered with 11.2 MW of electrical energy.
In a uniquely...
A Russian Company Is Opening a Mining Farm in the Arctic
14.10.2020
The Arctic mining farm will host ASICs for customers, who will be charged for their electricity consumption
Russian Central Bank Wants to Cap Bitcoin Buying at USD 7,800 a Year
14.10.2020
Once again, Russia has a worrying idea for the local crypto industry and users as Russia’s Central Bank announced a new proposal that would seek to place an annual cap of around USD 7,800 (BTC 0.68) on crypto purchases for everyone in the country barring accredited investors.
In an official...
Russian 'ex-oligarch' reportedly backing a new DeFi project
2.10.2020
The former owner of a Russian bank seems to be pivoting to the decentralized space
Russian Oligarch to Launch USD 15m DeFi ‘Cryptobank’
2.10.2020
Screenshot. Prominent Russian oligarch Alexander Lebedev is set to launch a new decentralized finance (DeFi) “cryptobank” – and could spearhead a USD 15 million investment in the new venture.
Lebedev, whose fortune was estimated at a cool USD 3.1 billion back in 2008 by Forbes, is the former head...