Russia Adopts Law to Isolate Runet From the Internet
Runet, the Russian segment of the internet, is about to be isolated from the rest of the web. A new law adopted by the State Duma aims to do so…
Regulators Tackle Businesses in Europe’s Crypto-Friendly Nations
There’s a group of countries on the Old Continent that have recognized the potential of the newly forming cryptoconomy. In the past couple of years, nations such as Malta, Switzerland…
Russian Gas Giant Gazprom to Execute Business Contracts on a Blockchain
Russian state-owned gas giant Gazprom may soon begin using blockchain to execute and monitor contracts as part of its digitization plans.…
New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia
Two companies from different parts of Europe have recently announced new products that cater to the financial needs of businesses in the crypto industry. The services range from opening bank…
Alleged BTC-e Operator Alexander Vinnik Seeks Extradition to Russia
Alleged bitcoin launderer Alexander Vinnik, who is wanted by several countries, has filed in Greece for extradition to Russia.…
1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme
A new set of reports by the Organized Crime and Corruption Reporting Project, compiled from over 1.3 million leaked transactions from 238,000 companies, have linked many major banks to a…
Russia’s Minister of Justice: Cryptocurrencies Don’t Need to Be Legally Defined Yet
Russia’s stance on cryptocurrency remains unclear after the Minister of Justice this week announced that there is still no need to formalize crypto-related legislation. This is because digital assets cannot…
Over 50 Bitcoin ATMs Operate Legally in Russia, Study Finds
At least 51 cryptocurrency ATMs operate in compliance with the current regulations in Russia, estimates a new report. According to the study produced by the country’s crypto industry association, the…
Russian Institutions Back Proposal to Let Companies Use Cryptocurrency
An idea to allow companies from certain sectors and in some regions to use cryptocurrencies is gaining traction in Russia. The proposal has been included in a draft law prepared…
Crypto Cards Are Legal in Russia, According to the Finance Ministry
Using cryptocurrency debit cards to pay for goods and services does not contradict Russian law, Deputy Finance Minister Alexei Moiseev was quoted as saying by local media. He believes these…
No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says
Last year’s falling prices are not a good enough reason to “bury” cryptocurrencies, Russian Prime Minister Dmitry Medvedev said during a high-level economic conference. He believes Russia should carefully follow…
Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It
Acknowledging Venezuela’s efforts to deal with inflation and sanctions by creating a state-issued cryptocurrency, Russian officials have nevertheless declined a proposal to use the oil-backed coin in bilateral trade. According…
Thousands of Banned Binance Customers Remain Cut off by the Exchange
Binance, the world’s second largest digital asset exchange by traded volume, has withdrawn its services from countries targeted by U.S. economic sanctions, in line with its controversial revised terms of…
Russians See Growing Number of Options to Buy Cryptocurrencies
Interest towards cryptocurrencies in Russia remained relatively stable throughout 2018, despite the significant drop in their prices. Ruble-denominated trade on Localbitcoins, for example, has shown a generally positive trend since…