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Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting
12.11.2020
Russia's Ministry of Finance has proposed legal amendments that would relax planned tax requirements for crypto holders if passed
Russian Ministry Wants to Jail Citizens Who Don’t Declare Bitcoin Earnings
12.11.2020
An expert has claimed that the Russian Ministry of Finance’s plans to hit crypto holders with jail time if they fail to declare their earnings may be misguided – and said that while “dirty” crypto deals regularly go through unchecked in the country’s capital, the Kremlin may seek to punish ordinary...
‘Russian Dictators Will Use Blockchain to Rig Elections,’ Says Critic
10.11.2020
Russia’s new blockchain-powered voting systems could be exploited by unscrupulous politicians, becoming “tools” for the architects of rigged elections and voter fraud, a journalist has alleged.
The claims were made in a new column entitled “Blockchain for Dictators” by Sergei Golubitsky, an...
Bitcoin hits all-time high against Russian ruble
5.11.2020
Bitcoin has never been worth so many rubles
Russian Crypto Traders May Be Forced to Declare Earnings to the Taxman
5.11.2020
Russia’s parliament, the State Duma, will debate a new draft law that would force Russians to declare “electronic” asset earnings and holdings on overseas-based platforms – in a move that could potentially impact crypto traders.
Although the draft bill does not make specific mention of crypto...
Russian Hydropower Giant Opens Bitcoin Mining Farm
5.11.2020
En+, one of the world's largest energy producers, is joining forces with crypto firm BitRiver to open new mining farms in Russia
Russian Alfa-Bank joins HSBC-backed blockchain trade finance network
3.11.2020
A major global blockchain trade network welcomes one of Russia's largest banks
Russian Government Indirectly Gets Into Bitcoin Trading And Custody
30.10.2020
Source: Adobe/Игорь Головнёв
While Russian lawmakers are considering restrictive crypto regulations, a Switzerland-registered subsidiary of Rusian state-owned Gazprombank starts offering crypto trading and custody.
Gazprombank (Switzerland) Ltd said it has received authorization from the Swiss...
Russian Central Bank Says CBDC Will Wipe Out Need for Crypto
30.10.2020
The Russian Central Bank has been banging the drum again on what has become its favorite subject – regulating crypto, and has apparently responded to criticism of its plans to issue a digital ruble by claiming a central bank-issued token could eliminate out the need for people to use crypto.
In...
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...