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Russia Proposes Harsh Penalties for Unreported Cryptocurrency Holdings
26.9.2020
Russia’s Ministry of Finance has drafted a bill with harsh penalties for anyone who does not report their cryptocurrency holdings above a certain level. Penalties include jail terms and fines. New Russian Crypto Bill The Russian Ministry of Finance has sent out a new draft bill addressing...
US Sanctions Russians Allegedly Using Cryptocurrency to Influence Presidential Election
12.9.2020
The U.S. has sanctioned several Russian nationals, a Ukrainian lawmaker, and their cryptocurrency addresses for interfering with the country’s electoral process. The Russians are allegedly employees of a troll factory that previously targeted presidential candidates. Operations to Interfere...
Report: Russia Remains a ‘Key Market for Crypto,’ Commands the 3rd Largest Bitcoin Hashrate in the World
27.8.2020
The fervor for cryptocurrency assets in Russia has grown wild over the last few years. This week Xangle Research published a comprehensive report about digital currencies and the Russian environment in 2020. The study’s findings show that Russia is one of the world’s key players when...
Russia Developing AI System to Monitor Cryptocurrency Transactions — Prototype Already in Use
12.8.2020
Russia is reportedly developing a system using artificial intelligence to track and analyze transactions involving cryptocurrencies, such as bitcoin, dash, and monero. The system prototype has already been created and is currently being tested. This news followed the signing of crypto regulation...
Defcon Speaker Discusses Liberating $300K Worth of Bitcoin From an Encrypted File
12.8.2020
This year due to the coronavirus outbreak the world-famous hackers’ convention Defcon held it’s 28th annual event with virtual presentations in “safe mode.” One of the presentations was from an executive from Pyrofex, Michael Stay, who discussed how he broke into...
Putin Signs Law Giving Cryptocurrency Legal Status in Russia
2.8.2020
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 Court: Bitcoin Theft Not a Crime
3.7.2020
A Russian district court has dismissed bitcoin theft as a crime since cryptocurrency is not regulated in Russia and there is no legal status for bitcoin. The accused were found guilty, sentenced to prison, and ordered to return only the fiat money stolen — not cryptocurrencies....
Russian Ministry Slams Bill to Ban Crypto — Experts Warn Easy to Bypass, Creates Black Market
11.6.2020
Russia’s Ministry of Economic Development has informed parliament of its disapproval of the bill to ban cryptocurrency. Experts say a ban will be ineffective as people can use technology to bypass it, leading to the creation of an “uncontrolled black market.” Russian Ministry...
The Mysterious Satoshi Nakamoto Allegedly Leveraged a Russian Proxy for Communications
5.6.2020
4,171 days ago in 2009, Satoshi Nakamoto invoked the Bitcoin network after sharing the white paper with people since Halloween 2008. Just recently, it has been discovered that Nakamoto leveraged a Russian proxy to obfuscate his whereabouts and the inventor used the proxy back in January 2009....
Despite Russia’s Confusing Crypto Laws, P2P Bitcoin Trade Volumes Soar
3.6.2020
Peer-to-peer cryptocurrency trading data shows digital assets like bitcoin are growing extremely popular in Russia, despite the State Duma’s opinions and regulations aimed at crypto assets. On Monday, the Russian government published a draft version of litigation mandates called “On...
Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail
24.5.2020
Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported. According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison...
Russian Official: Cryptocurrency Bill Completed — Effects on Payments, Exchanges, Miners
3.4.2020
The chairman of the Russian State Duma Committee on Financial Markets has confirmed that the bill which provides the regulatory framework for cryptocurrencies in Russia has been completed. The official explained key features of the bill, including how cryptocurrency exchanges and miners will...
6 Crypto Websites Blocked by Russia’s Media Watchdog, Including Major News Outlet
9.3.2020
In what seems to be another episode in a long-running campaign, the Russian telecom regulator has restricted access to at least six websites posting content related to cryptocurrencies. Тhe forum section of Bits.media, a leading crypto news outlet, is among the internet pages that have been...
Wikileaks Gathers $37M in BTC Since 2010 – Over $400K Sent After Julian Assange’s Arrest
26.2.2020
The world was shocked when Wikileaks cofounder Julian Assange was arrested in April after being cooped up in the Ecuadorian Embassy in London since 2012. Following his arrest, the original Wikileaks bitcoin address saw significant support as $32,000 worth of BTC poured into the wallet in two days....
Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles
13.2.2020
A growing number of platforms allow Russian residents to purchase cryptocurrencies with local fiat money. Established cryptocurrency exchanges are not the most trouble-free option, however, as they often require extensive registration and rarely support popular payment methods in the region, unlike...
Direct Democracy Party to Solve Issues With Crypto Rights in Russia
16.1.2020
A new political force is being born in Russia out of the country’s tech business circles. The idea has been conceived by representatives of the country’s growing digital economy sector who want to embark on finding solutions to numerous issues that concern the crypto space. Also read:...
Russia’s Supreme Court Recognizes Tokens as Assets Like Money and Property
26.12.2019
A phenomenon like bitcoin can gain recognition, including regulatory, in many different and often unexpected ways. Governments that hesitate to accept cryptocurrencies as legal tender, sometimes validate their existence indirectly and even acknowledge they can be used for payments. Taxing crypto...
Russian Opposition Leader Navalny Raises $700,000 in Crypto Donations
19.12.2019
Alexei Navalny, Russia’s leading critic of the current Kremlin administration, has attracted a serious amount of cryptocurrency in the form of anonymous donations for his corruption-combatting NGO. The digital coins collected since the beginning of this year have amounted to well over...
Russia’s Hydra Darknet Marketplace Plans $146M Token Sale
14.12.2019
According to regional reports, the Russian darknet market Hydra is planning an initial coin offering (ICO) in order to expand the marketplace internationally. The sale is set to start on December 16 and Hydra administrators hope to raise $146 million from the token sale. Also read: Regulatory...
Russia Blocks 2 Crypto News Websites
19.10.2019
Russian authorities have restricted access to a couple of cryptocurrency news outlets. The formal reasons for the censorship move are different in each case but the end result is the same. In both, regulators have acted on the basis of a law that empowers them to block online sources of information...