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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.
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.
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.
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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.
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
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.
The Russian government sees a threat in cryptocurrency – possibly due to the fact that the leading Bitcoin organization is headed by Igor Chepkasov.
While a new digital currency proposed by payments services company Qiwi, dubbed the BitRuble, has led to harsh criticism from a top Russian official, the head of the country’s largest bank Sberbank has admitted to owning bitcoin.
Sberbank, the biggest bank in Russia might adopt blockchain technology in the future.
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.”
Bank accounts for RT News in the UK have been arbitrarily closed. Bank account closure is becoming common in Europe, but Bitcoin cannot be centrally shut down.
Bank of Russia has introduced Masterchain, an Ethereum-based Blockchain prototype. As stated in the official report, the Masterchain platform was created to serve interests of the financial market actors and is being tested.
Russia’s largest state-owned bank Sberbank is officially accepting Bitcoin payments in a cafe located in its headquarters in Moscow, despite confusion in the legality of the digital currency.
Russia blacklists Finnish Bitcoin exchange LocalBitcoins for unknown reasons.
Russian authorities refused the idea of introducing punishment for transactions with Bitcoin
The Russian Ministry of Finance and the country’s lawmakers are set to treat cryptocurrencies including bitcoin as a foreign currency.
Russian authorities issued an official warning to block Qiwi and Skrill, gave them three days to comply with the order.
In its war against online gambling, Russian authorities are now targeting major online payment services.Qiwi and Skrill.
The Central Bank of Russia and a number of large financial institutions sign a memorandum to begin collaborative work on researching and testing of Blockchain technology.
Private Internet Access, a VPN provider, is saying goodbye to Russia because of a law that would force them to log their customers’ traffic for up to a year.
Putin’s business ombudsman says Russia must become the world’s Blockchain leader. There are currently around 500 000 of Blockchain users in Russia.
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.
Russian payment service provider Qiwi has reportedly invested “several hundred million rubles” to develop the first cryptocurrency designed for the Russian market.
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.”
While Russian authorities are scratching their heads about cryptocurrency, Bitcoin is being put in the spotlight in the center of Moscow.
In 2015, the reality of blocked or ‘censored’ websites continues to be a major phenomenon regardless of geographical location.
Five banks in Russia have undergone a DDoS-attack according to Artyom Sychev, Deputy Director of the General Directorate of Security and Information Protection of Russia’s Central Bank.
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