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Russians May Have To Disclose Crypto Holdings Above $1,300

September 25, 2020 by Dalmas Ngetich at Regulation

Russians with crypto holdings above $1,300 must disclose their addresses, balances, and trading history to tax authorities lest they risk forced labor or up-to three years in jail. This is if the latest crypto draft rules by the Ministry of Finance (MoF) is adopted. New Draft Laws in Russia Classifies...

Russian Pop Artist Uses Blockchain to Transfer Song Rights

September 16, 2020 by Shaurya Malwa at Blockchain

Russian pop artist Oleg Kenzov has finished the principal digital rights transfer of a melody he composed utilizing a blockchain platform supported by the Russian administration. Blockchain Used for Music Rights Transfer As indicated by VC.ru, the studio Soyuz arrived at an authorizing understanding arrangement with music administration FONMIX to...

A Pilot Voting Program in Russia Based on the Waves Enterprise Blockchain is Live

September 11, 2020 by Dalmas Ngetich at Altcoins

The piloting of Russia's Federal e-voting system on Waves Enterprise Chain is live ahead of the State Duma election set for Sep 13. Waves Enterprise and Rostelecom Joining Hands Through a tweet on Sep 11 by Sasha Ivanov, the CEO, the notification is a fulfillment of what was announced three...

Russia: Banking Giant Sberbank Taps Blockchain to Tokenize Travel Agent Payments

August 28, 2020 by Aisshwarya Tiwari at Blockchain

Russia is looking to automate travel agency payments using blockchain technology. Using Smart Contracts to Automate Payments According to a report by local outlet Air Transport Review, Russia’s S7 Airlines has inked a partnership with the country’s largest bank, Sberbank, to fully automate travel agency payments through distributed ledger technology...

Bitfury and Kaspersky Have Reportedly Partnered to Build Russia’s Next Public Voting System

June 10, 2020 by Shaurya Malwa at Blockchain

Political and public consensus voting has a huge potential use case for blockchain technology, ever since the latter’s rise in popularity. Several governments around the world have tested or are testing voting via blockchain systems, with Russia the latest to join the fold. Putin in the Crosshairs As per Coindesk...

Russia to Use Blockchain-Powered Voting System for Constitution Amendment

June 6, 2020 by Anthonia Isichei at Blockchain

Russia will employ blockchain technology for electronic voting (e-voting) on the forthcoming constitutional amendment. Among other changes in the country’s constitution is an extension of President Vladimir Putin’s tenure by 12 years. Blockchain Voting to Decide Putin’s Fate In an official government release on Friday (June 6, 2020), Moscow, Russia’s...

Bank of Russia to Develop Digitial Mortgage on Blockchain Platform

May 29, 2020 by Anthonia Isichei at Blockchain

Russia’s central bank, the Bank of Russia, is looking to develop a digital mortgage on Masterchain, a government-backed blockchain project. Leveraging Blockchain for Mortgage Issuance According to a report by a local news outlet, Ria, on Thursday (May 28, 2020), Olga Skoronogatova, Bank of Russia’s First Deputy Governor, revealed the...

Russian Government Set to Impose Fines and Imprisonment for Illegal Crypto Activities

May 22, 2020 by Anthonia Isichei at Regulation

The crypto landscape in Russia may soon be facing harsh laws as authorities have proposed new draft bills that seek to fine and imprison the illegal use of cryptocurrencies in the country. Crypto Violations Attract $28,000 Fine and 7 Years Imprisonment According to a report by the local news outlet...

Waves (WAVES) Decentralized Exchange Announces ERC-20 Support

Waves Blockchain Enterprise Platform Gets Listed on Russia’s Official Registry

April 15, 2020 by Anthonia Isichei at Altcoins

Waves Enterprise, an enterprise-grade hybrid blockchain firm, recently got included in the Unified Register of Russian Software for Computers and Databases by the country’s Ministry of Communications. Waves Joins Russia’s Software Registry According to the official registry published by Russia’s Ministry of Communications, the firm was categorized as a “cloud-based...

Russia: New Bill Could Put Blanket Ban on Cryptocurrency Issuance & Sale

March 22, 2020 by Aisshwarya Tiwari at Regulation

According to a Forbes report published on March 21, 2020, a senior Russian official has warned that its delayed bill on cryptocurrencies will include a ban on issuing and selling of digital currencies. Russia to Ban Issuing and Sale of Cryptocurrencies In a bid to mitigate the use of cryptocurrencies...

Malta-Based Trident Crypto Fund Compromised; Data of 266,000 Users Leaked

March 5, 2020 by Aisshwarya Tiwari at Bitcoin

According to a report published by Russian media outlet Izvestia on March 5, 2020, Maltese Trident Crypto Fund has suffered a major data leak which is speculated to have compromised personal data of over 266,000 users registered with the platform. Another Crypto Fund Compromised In what is being reported as...

Russian Oligarch Given Green Light for Private Digital Currency

February 25, 2020 by Ashwath Balakrishnan at Regulation

Vladimir Potanin, a Russian businessman with interests in the metal and airline industry, has been given permission by the Russian government to launch his own blockchain – Atomyze – with a digital currency for customers to use while transacting with his business. As reported by Bloomberg, this represents a major step...

Gold-Based Cryptocurrency to Go Live in the UAE

Russia: Central Bank Proposes Amendment of Digital Assets Law to Include Tokenization Platforms

February 17, 2020 by Aisshwarya Tiwari at Regulation

In an announcement dated February 17, 2020, the Central Bank of Russia (CBR) stated that it had successfully completed a blockchain tokenization pilot using a platform developed by Nornickel within its regulatory sandbox. Incoming Changes to Russia’s Proposed Crypto Legislation? Following the steps of other global superpowers, Russia has amped...

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