#Russia News

Putin checking out some bitcoin russia flag

Russia Remains Crypto-Aware but Doesn’t see the need for a National Digital Currency

October 11, 2019 by Ashwath Balakrishnan at Altcoins

President of the Russian Central Bank, Elvira Nabiullina, believes there is no immediate need for Russia to explore launching a sovereign digital currency. Despite having studied and researched these topics, the central bank doesn't believe there are any obvious benefits to the economy, as reported by TASS, October 10, 2019...

Bitcoins chilling on the great wall of china

Capital Flight from China Causing Bitcoin’s Pump: Kyle Bass

August 7, 2019 by Ashwath Balakrishnan at Bitcoin

Well known fund manager of Hayman Capital Management, Kyle Bass, believes that the current run-up in Bitcoin is has been caused by global trade tension, Yuan devaluation, and capital leaving China. In an interview with Yahoo, Kyle emphasized that while capital is leaving China through gold and Bitcoin, the rising market...

Russian Mining Rig hooked up and investigated

Russian Customs Service Opens Investigation into Illegally Imported ASIC Miners

July 31, 2019 by Ashwath Balakrishnan at Tech

The Russian Federal Customs Service has initiated a probe into DTPK, an importer of Bitmain miners, for submitting falsified documents to customs officials and evading $1.2 million in duties. The false documents had listed a much lower price for the miners and their power elements relative to their market price,...

Russia May Postpone Implementation of Cryptocurrency Law

July 11, 2019 by Ogwu Osaemezu Emmanuel at Regulation

Anatoly Aksakov, head of the State Duma Committee on the Financial Market revealed that Russia's digital financial assets law has been practically agreed upon but it may be postponed to autumn because the authorities have been unable to reach a concrete agreement on how bitcoin and altcoins should be handled...

Russia Wont Ban Facebook’s Libra Cryptocurrency

July 5, 2019 by Ashwath Balakrishnan at Altcoins

Ever since the announcement of Libra, it has been the hottest topic of discussion amongst cryptocurrency enthusiasts, banks, tech companies, and regulators. As Europe and the USA struggle to come to terms with Libra, Russia is surprisingly calm on the issue, even confirming that the country doesn't plan to ban...

Russia: No Special Treatment for Facebook’s Libra ‘Crypto’

June 21, 2019 by Anthonia Isichei at News, Regulation

A Russian lawmaker has recently stated that Facebook’s expected cryptocurrency, Libra, would not be given preferential treatment in Russia. Per a report by Tass on June 18, 2019, the country wasn’t planning to adopt a crypto-friendly legislature. Going by Russia’s rough relationship with the social media giant, the recent opposition to the company’s project...

Russian Hackers May Be Responsible for Coincheck Heist

June 20, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Investigators looking into the more than half a billion dollar Coincheck heist of 2018 have revealed that Russian hackers may have been responsible for the attack. Reports indicate that two malicious malware written in Russian, “mokes and “netwire,” have been discovered in the previously hacked Coincheck employee’s computer. This, according...

Individuals Arrested by Russian Police for Illegal Bitcoin Mining Operation

Russia Contemplates Ban on Mining Public Blockchain Tokens

June 10, 2019 by Ashwath Balakrishnan at Regulation

In an interview with a Russian media outlet, Chairman of the State Duma Committee on Financial Markets, Anatomy Aksakov, revealed that Russian lawmakers might potentially introduce a penalty for mining cryptocurrency on an open blockchain, as reported by Finance Feeds on June 10, 2019. Focus on Permissioned Ledgers Russian lawmakers are mulling...

Gold-Based Cryptocurrency to Go Live in the UAE

Russia Central Bank Mulls Gold Standard for National Cryptocurrency

May 25, 2019 by Anthonia Isichei at Adoption, News

Russia’s Central Bank could be considering a gold-pegged cryptocurrency, according to a report by Russian news agency, RIA on May 23, 2019. However, the apex bank states that virtual currency would not act as a substitute for the Russian Ruble. Gold-Pegged 'Crypto-Ruble' a Possibility The Bank of Russia hinted at a meeting at State...

Blockchain-Based E-Voting to be Piloted During Moscow Student Elections

May 7, 2019 by Mohammad Musharraf at Adoption, Blockchain, Education, News

Moscow authorities are planning to test their blockchain-based electronic voting program in the forthcoming student council elections, as reported by the Russian news outlet Tass on May 6, 2019, Not a Replacement, but a New Option The Russian federal authorities have previously displayed immense interest in blockchain technology and cryptocurrencies....

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