Tag: russia

Nov 24 2022

Russian lawmakers looking to establish state-backed crypto exchange

Nov 24 2022 Published at CryptoSlate under tags  exchanges russia

Russian lawmakers are working on a draft amendment bill enabling the country to launch a national crypto exchange, local media Vedomosti reported on Nov. 23. An unnamed participant in the discussions revealed that the lawmakers were in touch with market stakeholders on the amendments needed for the country's...

Nov 18 2022

Russian Bill Would Legalize Crypto Mining

Nov 18 2022 Published at Coinscreed under tags  digital assets mining news russia

The bill provides a legal definition of mining and mining pools and would create a domestic cryptocurrency market in Russia. On November 17, a bill to allow cryptocurrency mining and the selling of the cryptocurrency mined was submitted to the State Duma, the lower house of the Russian parliament. Russia presently prohibits the usage of […] The post Russian...

Nov 15 2022

Genesis Vision to Suspend Services amid Russia Exposure

Genesis Vision, a blockchain-based private trust management market, is suspending its services, citing its deep ties with Russia, the company announced.

“All our legal entities were originally highly affiliated with Russian citizens and due to...

Nov 05 2022

From The BPI To Treasury: Bitcoin Is A Strategic Asset for National Security

The BPI took on the U.S. Department of Treasury’s challenge. Treasury requested public comment on digital assets' national security implications, and the Bitcoin Policy Institute answered with a bomb of a document. It explains the overall value of bitcoin as a tool for freedom. It compares bitcoin to classic US-funded initiatives like Radio Free Europe and the Tor network. It touches the heartstrings...

Oct 31 2022

EU Crypto Sanctions Against Russia

EU crypto sanctions against Russia has an unexpected enforcer. The Monetary Authority of Singapore has stated that the country's cryptocurrency exchanges must abide by the economic restrictions imposed on Russia. All approved cryptocurrency exchanges in the nation were reminded to abide by the financial restrictions put in place against Russia by the Monetary Exchange of […] The post...

Oct 14 2022

Blockchain.com ends services to Russians due to EU sanctions

Russian citizens' accounts on Blockchain.com will soon be closed, and businesses like Binance are striving to implement the new EU sanctions. Blockchain.com, a provider of cryptocurrency wallets, is the most recent business that will shortly stop offering its services to Russian citizens as a result of the most recent EU sanctions. According to the local […] The post...

Oct 06 2022

EU Bans Provision of Crypto Services to Russia

Oct 06 2022 Published at Crypto Briefing under tags  eu news russia sanctions

The European Union has imposed sanctions that will forbid European crypto operations from providing virtually any crypto services to Russians. Russia Faces Crypto Ban Russia will lose access to most...

Russia-Ukraine War: EU Bans Crypto Asset Wallets in New Sanction Package

The European Union has announced its eighth sanction package against Russia including a complete ban on Russia-originated payments into crypto wallets in Europe.

In April, the political bloc had capped crypto payments from Russia into wallets in the region at...

EU narrows Russia’s options further with crypto sanctions

Oct 06 2022 Published at CryptoSlate under tags  regulation russia

The European Union (EU) commission has imposed a new wave of sanctions on Russia over its invasion of Ukraine, according to an Oct. 6 press statement. "(All) existing prohibitions on crypto assets have been tightened by banning all crypto-asset wallets, accounts, or custody services, irrespective of the amount of the wallet (previously up to €10,000 was allowed)." The new sanctions are the eighth...

European Union sanctions crypto cross-border payments from Russian accounts

European Union regulators have sanctioned cross-border cryptocurrency transfers, crypto-asset wallets, accounts, and custody services from Russian user accounts. In response to the protracted and lately intensified conflict in Ukraine, the European Union announced new sanctions against Russia on October 6. The new measures include a total prohibition on cross-border cryptocurrency transfers between the European Union […] The post...

EU Issues Bitcoin, Crypto Ban On Russia With New Sanctions

Previously-limited transactions between Russian bitcoin wallets and EU service providers are now completely banned.The European Union (EU) doubled down on previous sanctions against Russia which limited bitcoin and cryptocurrency transactions resulting in an outright ban against all transactions, per a statement from the European...

Oct 04 2022

Russia To Allow International Trade In Bitcoin, Crypto For Any Industry: Report

A director for Russia’s Ministry of Finance stated the country is seeking a non-restrictive policy for using bitcoin and crypto in international trade.The Ministry of Finance of the Russian Federation plans to let any industry in the country to accept bitcoin and cryptocurrencies for international trade without restriction, per a report from local media outlet TASS...

Sep 29 2022

Breaking: Russia’s Authorities To Introduce Crypto Mining Law This Year

Sep 29 2022 Published at Coingape under tags  crypto mining news regulation news russia

Russia's Ministry of Finance and the Bank of Russia agree on a draft bill to regulate crypto mining in the country. The authorities aim to allow crypto mining in only energy-rich regions with hydroelectric and nuclear power plants. Also, the central bank and finance ministry will ban crypto mining in... Read more

Sep 27 2022

Will Edward Snowden Get Drafted For War After Putin Granted Him Russian Citizenship?

Sep 27 2022 Published at Bitcoinist.com under tags  edward snowden news nsa putin russia

Edward Snowden is now a legal inhabitant of Russia, courtesy of Russian President Vladimir Putin who signed a decree Monday granting the former National Security Agency intelligence contractor - and whistleblower - full citizenship. What Else Is In It For Him? The granting of full citizenship is raising a few eyebrows. Snowden is no ordinary man. He knows intelligence better than most guys...

Sep 23 2022

Central Bank Of Russia Approves Bitcoin, Ethereum, Others, For Cross-Border Payments

Russia has been leaning towards cryptocurrencies such as Bitcoin and Ethereum in recent times. Sanctions against the country since it began its evasion of Ukraine had piled up, and the government had begun to turn to crypto to circumvent these sanctions. In its most recent move, the Central Bank of Russia has moved to legalize crypto for cross-border payments. Russia Making Trade Better...

Sep 22 2022

Russia’s financial regulators agrees on crypto use for international payments

Sep 22 2022 Published at CryptoSlate under tags  adoption regulation russia

Russia's deputy finance minister Alexei Moiseev has said that the country's apex bank and the finance ministry reached an agreement that would allow the use of cryptocurrency for international payments, Russia-based Kommersant reported on Sept. 22. According to the report, the new development is geared toward allowing Russians access to digital wallets. Moiseev reportedly said:...

Russia One Step Closer To Using Bitcoin, Crypto In International Trade as Central Bank, Finance Ministry Agree On Draft Bill

The two regulators have agreed on a draft bill saying that using bitcoin and cryptocurrencies is necessary for international trade amid the current climate.The Russian Ministry of Finance and its central bank have agreed on a draft bill allowing bitcoin and cryptocurrency payments for international trade settlements, per a report from Russian news outlet Tass....

Sep 15 2022

U.S. Treasury Sanctions Russian Paramilitary Group’s Crypto Wallets

Sep 15 2022 Published at Crypto Briefing under tags  news russia sanctions treasury

The U.S. Treasury has sanctioned five cryptocurrency addresses tied to an extremist Russian paramilitary group. Russian Extremist Group Faces Sanctions A Russian extremist group has had its crypto wallets sanctioned....

Sep 14 2022

Is Bitcoin The Answer To A Failing Treasury Market?

The state of the Treasury market isn’t looking great. With Japan, Russia and China dumping U.S. bonds, the question remains: Who will buy our debt?This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Greg Foss to talk about how owning bitcoin is the greatest asymmetric trade in history and...

Russia To Finalise Rules On Cross Border Crypto Payments By The End Of 2022

Sep 14 2022 Published at Bitcoinist.com under tags  btcusd btcusdt crypto news russia

Mikhail Mishustin, the Russian Prime Minister, has ordered the government to establish rules regarding crypto regulation by the end of this year. The date by which the Russian government is supposed to arrive at a consensus has been set as December 19, 2022. The Prime Minister has explicitly instructed the Duma, as well as other state authorities, that there must be...

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