#Russia News

Russian President Vladimir Putin Accepts Crypto Payments in Russia

October 14, 2021 by Wayne Jones at Regulation

Earlier today, Russian President Vladimir Putin announced that he accepts cryptos as a legitimate currency for making payments in Russia. In a recent interview, he said that he supports the adoption of digital currencies. However, he said that he does not believe that cryptos can facilitate the US-Russia oil trade...

Russia Won’t Follow El Salvador in Recognizing Bitcoin as Legal Tender, Says Government Official

September 8, 2021 by Adeniyi Olowoporoku at Regulation

El Salvador has been making the news round with the adoption of Bitcoin as a legal tender. Russia, however, has no plans of following this route, according to the latest reports from the local media. No Plans to Adopt Cryptocurrencies as Legal Tender This latest development was revealed by a...

Russian Central Bank Confirms Digital Rouble Trials Commence in 2022

May 24, 2021 by Wayne Jones at Regulation

The head of the Russian Central Bank, Elvira Nabiullina, has confirmed that digital ruble trials will begin in 2022. Earlier, the central bank of the country expressed its intention to start testing a CBDC in April. Digital financial assets are considered property under the Russian legislation, according to a law...

Turkish Central Bank Creates Platform to Research Benefits of Launching the Digital Lira

Turkish Central Bank Governor Hopeful of CBDC Pilot in 2021

December 27, 2020 by Aisshwarya Tiwari at Regulation

Turkey and Russia continue to inch closer to CBDC ambitions. Turkey Set to Pilot CBDC in 2021 Second Half According to a Coindesk report published on Dec 26, Turkey is poised to begin piloting a previously undisclosed digital currency in the second half of 2021. Turkey’s chief central banker Naci...

Putin checking out some bitcoin russia flag

Russia: Central Bank Proposes $8,000 Limit on Annual Crypto Purchase for Retail Buyers

October 15, 2020 by Osato Avan-Nomayo at Regulation

Russia’s latest crypto regulatory measures involve the capping of annual crypto acquisition for retail investors. The news is the latest salvo in the love-hate relationship between Moscow and the nascent cryptocurrency space. Central Banks Places Limit on Crypto Ownership for Russians According to a draft directive issued on Tuesday (Oct....

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...

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