Crypto C’mere: Russian Legislators Warm to Cryptocurrency

In another sign that senior Russian officials are warming up to cryptocurrencies and blockchain, local legislators have adopted a crypto-friendlier definition of digital financial assets. The lawmakers have also confirmed plans to create a national Russian cryptocurrency. Also read: Belarus Launches First Legitimate Crypto Exchange Russian Cryptocurrency Chatter Grows In crypto legislation under review at the…

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Russia Unlikely to Invest in Bitcoin in the Next 30 Years, Official Refutes Earlier Report

Recently, a report indicated that Russia intended to invest billions of dollars in Bitcoin to cushion itself against the effects of U.S sanctions. As we reported, the report cited a senior Russian economist and a lecturer at a national economics institution. However, a Russian government official says that this is very unlikely. The official, who…

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Russia’s Prime Minister: Bear Market Is Not a Reason to Bury Cryptocurrencies

The massive 2018 bear market is not a reason to bury crypto, Russian Prime Minister Dmitry Medvedev claimed in a speech at the Gaidar forum. Russian news agency TASS reported on Medvedev’s comments yesterday, Jan. 15. Medvedev outlined the current crypto market situation as one of the main questions on the world community’s agenda, along…

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Russia Could Start a Bitcoin Bull Run as Early as February 2019 | BTCMANAGER

A Russian economist believes that the impending U.S. sanctions against Russia will force the country to start diversifying its reserves with Bitcoin as early as February 2019, Micky reported on January 8, 2019. New Sanctions Could Trigger a Bull Market The bear market that has persisted in the crypto industry since November 2018 might be…

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Government of Abkhazia Cuts Off Power to 15 Cryptocurrency Mining Facilities

The government of the Republic of Abkhazia has cut power to some cryptocurrency mining farms due to electricity concerns, state electric utility Chernomorenergo RUE announced in a Facebook post on Dec. 31. Per the announcement, Chernomorenergo cut power to 15 facilities with a total capacity of 8,950 kilowatt-hours (kWh), which is purportedly equivalent to the…

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The Daily: Japan Calls All Coins ‘Crypto Assets’, Russia Defines Cryptocurrency as Property

The Financial Services Agency of Japan has resolved to refer to cryptocurrencies as “crypto assets” in order to prevent confusion with legal tender. Also in The Daily, the Justice Ministry in Moscow has confirmed that it classifies digital coins as “other property.” Finally, according to a recent report, stablecoins have seen significant growth over the…

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Russian Marketplace Allows Users to Sell Items Priced in Cryptocurrency

A new Russian online marketplace that allows users to buy and sell goods and services priced in cryptocurrency has rapidly expanded in recent months. The Mentalmarket website has been publishing a growing number of ads in a dozen categories, from “cryptoindustry” to “real estate.”  Also read: Russian Miners Sell Their Equipment Amid Market Plunge Audis…

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Court Drops Charges Against Alleged Btc-e Operator Alexander Vinnik

The lawsuit against alleged Btc-e operator Alexander Vinnik for “fraud, money laundering, and other grave crimes” filed in Cyprus has reportedly been dropped. His lawyer says the case “fell apart at the very early stage” at the initiative of the plaintiffs themselves. Lawsuit Dropped The lawsuit filed in Cyprus against Alexander Vinnik has reportedly been…

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Sberbank and MTS Complete Blockchain-Based Bond Transaction

Institutional trading over the blockchain made some progress this Friday. In an announcement posted on the Moscow Exchange website, Russia’s central securities depository, the National Settlement Despository (NSD), announced the completion of a commercial bond transaction between Sberbank and MTS – Russia’s largest mobile operator. “NSD has already implemented a few successful cases based on…

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RACB Will Offer Insurance Services For Russian Blockchain Companies

RACB Vice President Valerii Petrov outlines the bright prospects for the blockchain space in Russia. Working with AIG and Arsenal, his venture is now ready to offer a wide range of insurance plans to blockchain companies to help protect them in the case of DDoS attacks, information leaks, and hacks. Also read: Jihan Wu: ‘I Have…

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Greek Court Accused of Violating the Rights of Alleged Btc-e Operator, Postpones Hearing

The judges at the Greek supreme court have been accused of violating Alexander Vinnik’s rights. The alleged Btc-e operator has been detained in Greece since July last year. The hearing against his extradition to France has also reportedly been postponed. Rights Violation Alexander Vinnik, who allegedly operated the former cryptocurrency exchange Btc-e, has been detained…

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Management guru Sonnenfeld slams Facebook COO Sandberg, saying she 'probably should be replaced'

“Sandberg is completely dispensable,” and should “probably should be replaced,” Yale’s Sonnenfeld says. Facebook co-founder and CEO Mark Zuckerberg “should no longer be chairman,” he adds. Sonnenfeld’s criticism comes after Sandberg’s denial of a New York Times report that she ignored Russian activity on social network. Management guru Jeffrey Sonnenfeld on Friday called for a…

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Digital Bank Revolut Surpasses 3 Million Customers

U.K. startup Revolut has announced that its customer base has surpassed three million users. The fintech platform, which has quickly become a viable online alternative to traditional banking, was established in 2015. It currently offers payment and exchange services for a growing number of fiat currencies and cryptocurrencies. Also read: Huobi Opens in Russia, Plans…

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State Duma Chairman: Russian Stablecoin Would Be Equivalent to Fiat Ruble in ‘Digital Space’

The chairman of Russia’s State Duma Committee on Financial Markets has said that a state-backed stablecoin would be a complete equivalent to the Russian fiat ruble in a digital space, state-operated Russian news agency RIA Novosti reported Nov. 7. Chairman Anatoly Aksakov said that the “crypto ruble,” which may appear after the adoption of laws…

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Huobi Opens Office in Russia, Plans Startup Accelerator and Mining Hotels

The Russian branch of digital asset exchange Huobi is scheduled to open on Nov. 12 with a Russian-language website and local support services. The global cryptocurrency company wants to support Russian startups and mining projects, in addition to launching an educational program. Also read: Abu Dhabi Securities Exchange to Create Infrastructure for Cryptocurrency Assets New…

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Russia Mulls Oil-Backed Cryptocurrency to Avoid Trade Restrictions

As Russia prepares to step down the use of U.S. dollars in its economy, domestic calls for an oil-backed cryptocurrency that could be shared with other major oil exporting countries are growing. Crypto Pegged to Oil Being Explored “Hypothetically, an oil-backed cryptocurrency would allow oil producing countries to avoid any financial and trade restrictions that…

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Cryptocurrency Used by Russian Hackers, US Department of Justice Claims

Bitcoin (BTC) and other digital coins were part of Russian intelligence agents’ efforts to hide their traces while attacking World Anti-Doping Agency and other entities, a US indictment has revealed. Kremlin-backed hackers working for Russia military intelligence (GRU) utilized cryptocurrency as part of their activities around the globe in an attempt to hide their links…

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Chechnya to Create Mining Pool for Eurasian Economic Union Countries

Chechnya will create a Eurasian crypto mining pool, the press secretary of the head of the Chechen Republic has reportedly confirmed. The project aims to combine the resources of crypto miners from the Eurasian Economic Union countries. Chechen Mining Pool Alvi Karimov, the press secretary for the head of Chechnya, confirmed to RBC news outlet…

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Russian Lobbying Group (RSPP) & Popular Billionaires Draft Alternative Crypto Regulations

The Russian Union of Industrialists and Entrepreneurs (RSPP) is purportedly working on a draft bill concerning the use of digital currency, as per a September 14 article on ForkLog, a Russian technology site. The revised bill is anticipated to go before Russian officials next month. From the article, the draft is formed as an alternative…

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Russian Industry Association Launching Crypto Certification Program

The Russian crypto industry association is launching a crypto certification program. Applicants will be evaluated and issued a certificate showing their competency level which can be verified on the association’s website. Training will be offered to those that do not score the required number of points. Crypto Certification Program The Russian Association of Cryptoindustry and…

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