Russian Regulators Find Common Ground — Bitcoin Can’t Be Used for Payments

Russian Regulators Find Common Ground – Bitcoin Can’t Be Used for PaymentsRussian authorities are yet to reach full consensus on the future of cryptocurrencies but government institutions are on the same side of the fence in their intention to ban bitcoin payments. Other operations with digital assets are to be legalized and regulated, representatives of Russian business have revealed. Russian Central Bank, Finance Ministry Agree to […]

Russians Own $215 Billion in Crypto Suggests Estimate Attributed to Government

Russians Own $215 Billion of Crypto, Suggests Estimate Attributed to GovernmentRussians may own more cryptocurrency than previously thought, a new estimate reportedly used by the government has indicated. The quoted figure amounts to over a tenth of the global holdings and may serve as an impetus for the government to regulate Russia’s crypto market rather than outlaw it. Estimated 12% of Crypto Allegedly Held by […]

Major Crypto Exchanges Ready to Work in Russia Under Proposed Rules, Report

Major Crypto Exchanges Ready to Work in Russia Under Proposed Rules, ReportLeading exchanges, polled by the Russian press, have indicated they are not afraid of the upcoming strict crypto regulations. A requirement for coin trading platforms to establish a local office is one of the proposals in a regulatory roadmap drafted by the government in Moscow. Cryptocurrency Exchanges to Set Up Shop in Russian Federation Some […]

Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report

Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, ReportPlatforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply Exceeds Demand on Russian Market for Mining Chips Mining hardware is […]

Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report Unveils

Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report UnveilsA roadmap on cryptocurrencies has been prepared by a number of ministries, regulatory bodies, and law enforcement agencies, Russian media reported. The document, which aims to regulate Russia’s crypto market by the end of this year, comes amid disagreements between the central bank and other government institutions about the future of decentralized digital money in […]

Russians Aware of Bitcoin Divided on Proposed Crypto Ban, Poll Finds

Russians Aware of Bitcoin Divided on Proposed Crypto Ban, Poll FindsA new survey has indicated that Russians who have heard about cryptocurrency are deeply divided in their opinions on the recently suggested ban on operations with digital assets. A third of the respondents support the central bank’s proposal while an equal number of participants in the survey oppose it. Bank of Russia’s Call to Prohibit […]

Russian Investors to Pass Exams Before Buying Cryptocurrencies, Draft Law Suggests

Russian Investors to Pass Exams Before Buying Cryptocurrencies, Draft Law SuggestsA new Russian law may oblige potential crypto investors to take a test before being allowed to purchase digital assets over a certain limit. The authors are also hoping to regulate cryptocurrency mining and cut access to cheap energy for those who mint coins in their homes. Bill to Bring ‘Tight Regulation’ to Crypto Industry, […]

Crypto Ban in Russia Can Have Opposite Effect, Medvedev Warns as Opposition Mounts Against Proposal

Crypto Ban in Russia Can Have Opposite Effect, Medvedev Warns as Opposition Mounts Against ProposalDmitry Medvedev, former president and prime minister of Russia, has voiced his concerns over Bank of Russia’s initiative to ban most crypto operations. Prohibition could bring the opposite result, the Russian politician warned, joining a chorus of opinions against the restrictive policy. More Officials and Organizations Reject Central Bank’s Call to Prohibit Cryptocurrency Central Bank […]

Belarus to Remain Crypto-Friendly as Ally Russia Mulls Blanket Ban

Belarus to Remain Crypto-Friendly as Ally Russia Mulls Blanket BanAuthorities in Belarus have no intentions to adopt stricter rules for the country’s crypto space. That’s despite neighboring Russia, a close partner in many areas, considering a blanket ban on а number of activities related to cryptocurrencies as suggested by the central bank in Moscow. Belarus to Keep Favorable Crypto Regulations Officials in Belarus do […]