Tag: russia

Oct 22 2021

Russian Authorities Consider Proposed Crypto Mining Project Using Associated Petroleum Gas

The Russian government is considering a proposed project to mine crypto using Associated Petroleum Gas (APG). Local oil and gas companies in Russia want to operate crypto mining farms on their oil rigs using APG to generate power. Deputy head of Russia’s Ministry of Industry and Trade, Vasiliy Shpak, presented the proposal to the Ministry of Digitalization and the Bank of...

Oct 21 2021

Russian regulators want to mine crypto through wasted flare gas

Mining digital assets in Russia could take a new turn in the near future as regulators in the European country are considering using waste natural gases for mining purposes, this was revealed by a report from a local media house, Kommersant. Gas flares for crypto mining According to the...

Oct 14 2021

Vladimir Putin States Cryptos Have the ‘Right to Exist’

The Russian president clarified that it's too early to issue a judgment on what's the future of the crypto market.

Russian President Vladimir Putin: Bitcoin Has ‘Right to Exist’

Oct 14 2021 Published at Bitcoin Magazine under tags  bitcoin culture putin russia

Russian President Vladimir Putin made new comments suggesting a growing tolerance for Bitcoin and cryptocurrencies during an interview with CNBC that was posted on the Kremlin’s website Thursday, Bloomberg reports.“I believe that it has value,” Putin told CNBC’s Hadley Gamble at the Russian...

Breaking: Vladimir Putin Says Cryptocurrencies Can Become Legitimate Payment Currency

Oct 14 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

Vladimir Putin, the President of Russia seems to be in favor of cryptocurrencies and their use in the payment sector. In a recent interview with CNBC, Putin said crypto-assets “has the right to exist and can be used as a means of payment,” Russian President's pro-crypto stance came as a surprise to many given Russian The post Breaking: Vladimir Putin Says Cryptocurrencies Can...

Oct 07 2021

Russia to Restrict Crypto Exposure For Unskilled Investors

Oct 07 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The Russian State Duma Deputies are on track to begin discussions on a regulation that will prevent private digital currency investors from engaging with the digital assets henceforth. According to the local news channel, Interfax, the move to restrict what it called “Unskilled Investors” was confirmed by Anatoly Aksakov, head of the Duma Committee on The post Russia to Restrict Crypto Exposure For...

Sep 13 2021

Ukraine’s Blueprint To Bitcoin Adoption

Ukraine’s strategic path to Bitcoin adoption would likely include nuclear- powered mining, and holding Bitcoin as a state reserve asset.Just days ago, on 8 September 2021, the Ukrainian Parliament passed a law that legalized and regulated Bitcoin in the country. The bill, drafted in 2020, passed with the support of 276 lawmakers. Only six...

Sep 09 2021

Sep 08 2021

Sep 03 2021

Survey Finds 77% Of Russian Investors Prefer Bitcoin To Gold, Forex

Sep 03 2021 Published at Bitcoin Magazine under tags  bitcoin culture forex gold russia

A local forex organization's survey found that most Russian investors prefer Bitcoin to gold and forex as an investment.Bitcoin is becoming increasingly popular in Russia, a survey found. The Russian Association of Currency Brokers (AFD), a local self-regulatory organization that focuses on the foreign exchange (forex) market,...

Aug 19 2021

Vladimir Putin Asks Cabinet to Design a System to Declare Crypto Holdings

The Ministry of Finance, the Ministry of Finance, the Ministry of Labor, and the Bank of Russia were instructed by Putin.

Aug 15 2021

Bitcoin Mining Difficulty Score Rises Again As BTC Continues Its Bullish Trend

Difficulty in Bitcoin mining jumps the second time following the mid-July dip as the ecosystem recovers continuously. The Bitcoin mining ecosystem witnesses a mining difficulty that increased after China reported a crackdown facing the mining operations. The peak of the crackdown resulted in a global hash rate of up to three-quarters. BTC.com’s latest data reveals a Bitcoin mining difficulty...

Aug 05 2021

Russia plans to “de-anonymise” crypto users through its latest task force

Aug 05 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

Russia’s Federal Financial Monitoring Service in Moscow, named Rosfinmonitoring has commissioned the latest tracing system to track cryptocurrencies and analyze behaviors and movements of traders to decrypt their identities. A subsidiary of SberBank, the country’s largest banking and financial services organization, is tasked to create the tracking system for the Soviet authorities. Rosfinmonitoring against money The post Russia plans to “de-anonymise” crypto users...

Jul 22 2021

Russian Central Bank Asks Stock Exchanges Not to List Crypto Firms

The restrictions are only for retail investors and not for accredited investors.

Jul 19 2021

Here Is Why The Russian Crypto Industry Is Trying To Attract Bitcoin Miners

Jul 19 2021 Published at Bitcoinist.com under tags  crypto miner mining russia

A crypto industry association in Russia has launched a project with the target of attracting Bitcoin miners to the nation. Russian Crypto Industry Association Aims To Attract Miners As China's crackdowns on crypto mining continue, miners have been migrating out of the nation in hordes. They have...

Public Association Wants To Attract Bitcoin Miners To Russia

Jul 19 2021 Published at Bitcoin Magazine under tags  bitcoin mining business russia

A Russian association has announced a new project to attract bitcoin mining companies as miners face hardships in China.A public association in Russia focused on representing the interests of the cryptocurrency industry in the country has announced a new project for attracting Bitcoin miners onto Russian soil.According to the project, headed by the Russian Association...

Jun 28 2021

Appeal Denied: BTC-e’s Alexander Vinnik Faces 5 Years in French Prison

Several charges against the former operator of BTC-e were dropped, but the sentence remains the same.

Jun 18 2021

Nornickel Launches Two Blockchain-Based Exchange Traded Commodities

The world’s largest palladium producer listed its nickel and copper ETCs on the London Stock Exchange and Borsa Italiana.

Jun 14 2021

Russian Minister Says Cryptos Could Play Role in International Settlements

Sergei Lavrov pointed out that the government doesn't aim to fully de- dollarize their economy.

Jun 08 2021

Russians Could Inherit Cryptocurrencies with New Law Proposed by Lawmakers

There are still discussions on the lack of clarity regarding the legal status of cryptocurrencies in Russia.

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