Yury Chikhanchin, the Director of the Federal Financial Monitoring Service in Russia warned about the future collapse of the MMM Pyramid Scheme of Sergei Mavrodi in China.
Russia’s Ministry of Finance has put forward what many were expecting yet also unable to believe: a ban on the use of digital currency, and the implementation of fines as an appropriate deterrent.
Bitcoin price analysts are struggling to identify the rationale behind the sudden price spike in the cryptocurrency’s value as it broke the US$400 mark on November 3, surpassing a market cap of more than US$6 billion.
Russia’s Central Bank may soon allow and regulate transactions in Bitcoin, according to a leading Moscow newspaper.
Let’s face it: the risk of money laundering, which is often cited in statements on cryptocurrencies by numerous central banks across many countries does not affect the average person. The overwhelming majority is not “terrorists” and doesn’t seek to procure illegal drugs nor deal in weapons or human trafficking.
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Russia has decided to begin work on a new national digital currency, the Bit-ruble, that will be managed and overseen by the state central banking system, according to late evening reports out of El Mundo in Spain.
Russia’s Ministry of Finance (MinFin) has proposed jail sentences for the use of cryptocurrency, strengthening its opposition to the technology.
Megafon and other mobile operators accept Bitcoin as a payment for their services.
The Federal Supervision Agency for Information Technologies and Communications (Roskomnadzor in Russian) has blacklisted five Bitcoin-related websites.
As of January 2014, VK.com had at least 239 million accounts. VK is ranked 8th (as of August 1, 2014) in Alexa's global Top 500 sites and is the 2nd most visited website in Russia, after Yandex.
The proposed law to ban Bitcoin in Russia is expected to be passed in August of this year, as a crypto-legal expert recommends businesses “get out of Russian jurisdiction.”
The number of bitcoin merchants surpassed the 100,000 mark in 2015 and has grown across Europe and Asia due to the expansion of well-established bitcoin startups.
A group of State Duma representatives are expected to submit their own version of the bill to penalize cryptocurrency users within the next few days
Bank Saint-Petersburg has refused to pay a ransom to hackers who managed to steal the account information of over 300 thousand clients.
Russian president Vladimir Putin has stated that use of Bitcoin “as some kind of unit in some account” is “possible” in a surprisingly supportive gesture towards the currency
Russian Deputy Finance Minister Aleksey Moiseev informed a reporter that the Russian government would be banning Bitcoin within one year. That was in September, only a month ago, and it seems that they are moving forward much more rapidly. The Russian news blog, bitmakler.com, announced on October 5th that the Finance ...
Speaking at the All-Russian Banking Conference, Deputy Minister of Finance Alexey Mioseev stated that the bill proposing penalties for using “monetary surrogates” will finally become law this year.
A court in Ekaterinburg, Russia has effectively lifted the ban to Bitcoin-related websites blocked in January by authorities.
“United Russia” party submitted a new bill to Duma which contains provisions on partial legalization of Bitcoin.
Ivan Tikhonov, founder of Russia’s blocked Bitcoin website, Btcsec, goes to court to fight the ban, but expects further steps from the authorities to suppress Bitcoin activities.
Recognizing the potential for development of blockchain technology in the country, Russian payment operator Qiwi is seeking to establish a consortium of banks similar to the New York-based R3.
The situation around development and introduction of cryptocurrencies in Russia is far from being clear. State authorities and major financial institutions fail to reach an agreement concerning regulation of digital currencies and their legal status.
Ethereum blockchain platform is to open a blockchain research center in Skolkovo (Russian counterpart of Silicon Valley), and partner with Acronis, a data management company.
In the heart of Silicon Valley which booms with innovation, Russia’s largest bank, Sberbank has announced the developing and testing of a new mobile application for conversational commerce - Sberbank Messenger.
National Settlement Depository, Russia’s central securities depository, has successfully tested an e-proxy voting system based on a distributed ledger (blockchain) technology.
Alexander Bastrykin published an article in the Kommersant daily. In it, he has suggested that the state should introduce criminal punishment for “illegal issuance and circulation of cryptocurrencies” as a means to combat the “hybrid war”, which is allegedly being waged against Russia by the West, under the command of ...
From beautiful people to heads of states, the Panama Papers leaks have served as a great equaliser and have started bringing the high and mighty to their knees.
The Vanbex Group has published a report focusing on the actions of the Russian government and other nations towards Bitcoin.
Russian Ministry of Finance proposed to introduce imprisonment for issuing and using “money substitutes”. One of the such currencies is BitRuble.
Thursday the Russian Ministry of Finance proposed to punish citizens that use so-called “money surrogates” like Bitcoin with up to 7 years in prison.
Banks may start applying blockchain technology to scoring in 2016. That is the forecast of the 4th largest search engine worldwide company Yandex.
Sberbank, the biggest bank in Russia might adopt blockchain technology in the future.
Moscow’s first international FinTech cluster, Future FinTech successfully launched October 29.
Payment service provider and future BitRuble issuer Qiwi are launching a series of blockchain focused master classes called “Promising Distribution”
In 2015, the reality of blocked or ‘censored’ websites continues to be a major phenomenon regardless of geographical location.
Bitcoin Conference is headed to Saint-Petersburg and CoinTelegraph is proud to announce that it will be the official general media sponsor of the event.
The Russian government sees a threat in cryptocurrency – possibly due to the fact that the leading Bitcoin organization is headed by Igor Chepkasov.
Mikhail Shlyapnikov, a farmer in the isolated Russian village of Kolionovo believes the answer to the woes of the cash-strapped Russian rural population is “kolions.”
Russia is being quick to implement the now-published small print of its anti-cryptocurrency mandate – but some of its policies are altogether more unappetizing.
Russian payment service provider Qiwi has registered all domain names such as bitrouble.com, bitrouble.org, bitru.rf, and bitrub.li, according to the Russian newspaper “Kommersant.”
Russian payment service provider Qiwi has reportedly invested “several hundred million rubles” to develop the first cryptocurrency designed for the Russian market.
While Russian authorities are scratching their heads about cryptocurrency, Bitcoin is being put in the spotlight in the center of Moscow.
The virtual currency Bitcoin cannot be used in Ukraine as a means of payment. The above was announced in a post on the official website of the National Bank of Ukraine (NBU). According to the regulator, Bitcoin and other cryptocurrencies represent "money substitutes.”
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