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Russian Lawmaker: Crypto Pay Could ‘Destroy the Financial System’


The chief architect of Russia’s crypto regulations has defended a new Russian law that outlaws payment in bitcoin (BTC) and altcoins – claiming that a failure to do so could have spelled the end for the ruble-powered Russian financial system. The comments were made by the head of the parliamentary...

Did Russian COVID-19 Vaccine News Crash Bitcoin and Gold Prices?


Following a crash in both gold and bitcoin (BTC) prices yesterday that sent the much-discussed gold-to-bitcoin correlation even higher, the discussion is now on about what caused the sell-off, and whether a Russian COVID-19 vaccine could potentially be hurting the price of both assets. At the time...

Blockchain Could Help Rail Eclipse Road, Says Russian Tech Chief


A Russian railway executive has talked of the possibility of adopting blockchain technology on the nation’s rail network. Per Vgudok, Sergey Vinogradov, the Director-General of the Scientific Research Institute of Railway Transport, spoke of the virtues of blockchain technology – stating that...

Russian Lawyers Warn E-pay Laws May Have Knock-on Effects for Bitcoin


A new Russian law banning anonymous fiat deposits in e-pay wallets like PayPal may have an effect on crypto users, legal experts in the country have warned. A new law governing digital payment systems came into force in Russia on August 3. The law forces operators such as PayPal and domestic rivals...

Putin Signs Law Giving Cryptocurrency Legal Status in Russia


Russia’s bill to regulate cryptocurrencies has been signed into law by President Vladimir Putin. The new law gives legal status to cryptocurrency but prohibits its use as a means of payment. Russian Crypto Bill Signed Into Law Russian President Vladimir Putin signed into law Friday the bill...

Russian Roulette: Central Bank Calls Crypto Investment ‘Gambling’


The crypto-skeptic Russian Central Bank (CB) has taken another swipe at crypto – equating investment in digital tokens to “playing roulette” or investing in “pyramid schemes.” Meanwhile, some experts have suggested that new Russian “suspicious funds” seizure laws could be applied to crypto...

Greatest Chess Grandmaster: Bitcoin Empowers Public and Protects Dissidents


Russian human rights campaigner and chess supremo Gary Kasparov has said that the current economic crisis, which has led to unconventional monetary policy, will drive people towards bitcoin. Bitcoin’s finite supply compares favorably to agenda-driven printing of money by governments, noted...

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