Russia News

Russian Nuclear Engineer Denis Baykov Fined $7000 For Illegal Bitcoin Mining
Russian Nuclear Engineer Denis Baykov Fined $7000 For Illegal Bitcoin Mining
01 October 2019, 12:13
Denis Baykov, an employee at Russia’s Sarov nuclear center, was fined $7000 for attempting to use one of the center's supercomputers to mine Bitcoin.
ICO Rating Service Settles SEC Charges for $268,998
ICO Rating Service Settles SEC Charges for $268,998
21 August 2019, 17:36
Popular rating website, ICO rating settle charges with the U.S SEC for not disclosing payment it received to promote certain projects on its website.
Da Vinci Capital Begins STO for Gett Taxi Service
Da Vinci Capital Begins STO for Gett Taxi Service
15 July 2019, 14:34
Da Vinci Capital has started the security token offering (STO) for Gett Taxi, a ride-hailing startup in USA, Russia, Israel, and the U.K.
Russia Postpones Adoption of Crypto Bill Until Consensus
Russia Postpones Adoption of Crypto Bill Until Consensus
09 July 2019, 18:07

The Russian Parliament, State Duma, will likely postpone until autumn session the adoption of its proposed bill “On Digital Financial Assets” (DFA) according to a report by local news agency, TASS.

Russian Police Arrests Founder of Crypto Ponzi with 300+ Victims
Russian Police Arrests Founder of Crypto Ponzi with 300+ Victims
29 May 2019, 18:52
Russia’s Ministry of Internal Affairs (MOI) closely worked with authorities in Kazakhstan to arrest the founder of a cryptocurrency-related Ponzi scheme that defrauded at least 300 investors.
Bank of Russia to Consider Gold-Backed Crypto
Bank of Russia to Consider Gold-Backed Crypto
23 May 2019, 15:37
The Bank of Russia will likely review the possibility of issuing a cryptocurrency that has its value linked to the prices of gold according to Elvira Nabiullina, head of the Central Bank.
Russia to Adopt Crypto Laws Before Spring Session Ends
Russia to Adopt Crypto Laws Before Spring Session Ends
22 May 2019, 20:32

Russia is already on the path to regulating the crypto industry following orders by the country’s President, and could finally fit in the last piece of the puzzle in a spring session according to Olga Skorobogatova, the first deputy chairman of the Bank of Russia.

Crypto Regulation No Longer Top Priority — Dmitry Medvedev
Crypto Regulation No Longer Top Priority — Dmitry Medvedev
16 May 2019, 21:09
Dmitry Medvedev — "Nowadays, the popularity of cryptocurrency has decreased, and regulatory issues may not be so relevant.”
Russia to Limit Crypto Purchases by Unqualified Investors
Russia to Limit Crypto Purchases by Unqualified Investors
12 March 2019, 23:13
The Russian Central Bank plans to put a $9100 cap on the total amount of cryptocurrencies that unqualified investors can buy in a year. What will change if the new directive is implemented?
Russia to Make ID Verification Compulsory for Crypto Users
Russia to Make ID Verification Compulsory for Crypto Users
07 March 2019, 20:33
Under newly proposed regulations, crypto users in Russia must complete an identity verification process or risk being called criminals.
Russia Adopts Crypto Regulation Following Putin's Order
Russia Adopts Crypto Regulation Following Putin's Order
05 March 2019, 21:05
Putin wins as Russian Parliament enact first set of crypto laws. A block of draft laws still expected by mid-year
Countries Expected to Introduce Crypto Regulation in 2019 or Later
Countries Expected to Introduce Crypto Regulation in 2019 or Later
05 March 2019, 20:38
In this in-depth article, we review the countries likely to introduce crypto regulations before the end of the year and the progress made so far by authorities in the respective regions.
Putin Orders Lawmakers To Regulate Crypto by July 2019
Putin Orders Lawmakers To Regulate Crypto by July 2019
28 February 2019, 11:14
Russian President, Vladimir Putin has instructed lawmakers in the Federal Assembly to adopt a regulation for cryptocurrencies before July 1, 2019. Can they meet this deadline?
Russia Classifies Crypto-Related Theft as Criminal Offence
Russia Classifies Crypto-Related Theft as Criminal Offence
26 February 2019, 21:18
any individual who steals cryptocurrencies and converts them to fiat or vice versa will be liable to the same punishment as anyone who launders money under Russian law.
Russia's HR Official Wants Deportation of Alexander Vinnik
Russia's HR Official Wants Deportation of Alexander Vinnik
26 February 2019, 14:34
After spending eighteen months in the custody of Greek authorities, Alexander Vinnik, an alleged $4 billion BTC fraudster may soon make a return to the Russian Federation.
Russia — Crypto Regulation And Oil Backed Coin Very Likely
Russia — Crypto Regulation And Oil Backed Coin Very Likely
23 February 2019, 21:30
A top official just revealed that Russia will regulate crypto in March and launch oil backed stablecoin to make trade faster.
Russia's MOJ — No Need For Crypto Legalization
Russia's MOJ — No Need For Crypto Legalization
15 February 2019, 12:26
Russian Minister of Justice, Alexander Konovalov said its too early for the country's legislative arm to define crypto regulation.
Blockchain Cargo Shipping Trial to get Underway in Russia
Blockchain Cargo Shipping Trial to get Underway in Russia
12 February 2019, 21:34
The potential applications of blockchain technology are gradually becoming too many to number with a new trial involving the landmark innovation now underway in Russia
Former Russian President Medvedev Says It's Soon To Bury Crypto
17 January 2019, 16:13
Former Russian President and current Prime Minister, Dmitry Medvedev told the audience gathered at the Gaidar forum earlier this week, that the current bearish market performance is not a reason to write cryptocurrencies off.
Russian Parliament Set To Discuss Crypto Bill Within Next 2 Months
15 January 2019, 21:23
Chairman of the State Duma Committee on Financial Market Anatoly Aksasov disclosed that the proposed crypto draft bill will be discussed by the lower chamber of the Russian Parliament sometime in February and will include laws about crowdfunding and investment in the industry.
Russia Will Not Make Significant Changes To Draft Crypto Regulations
15 December 2018, 12:41
Ahead of the release of crypto regulations in Russia, deputy prime minister Maxim Akimov has revealed that what will come off as the final piece will not be so different from the draft bill which was approved by the Parliament in May.
Russian bank Offers Crypto Assets in Switzerland
Russian bank Offers Crypto Assets in Switzerland
07 December 2018, 00:40
Gazprombank (Switzerland) LTD, subsidiary of Russian State-Owned Bank has established a partnership with fintech startup Avaloq and Metaco, crypto-asset custody infrastructure provider (10% owned by Metaco). As Avaloq press-release reports, “The aim of this product innovation is to provide banks and wealth managers with a fully integrated solution for the management of client portfolios across all asset classes including cryptocurrencies”.
G20 To Align Crypto Regulations With FATF
G20 To Align Crypto Regulations With FATF
03 December 2018, 16:25
At a just-concluded G20 Summit held in Buenos Aires, Argentina, the body announced as part of its written declaration that they “will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed”.
Fraudulent ICO with ties to Russia Hit With Cease-and-Desist Order in North Dakota
Fraudulent ICO with ties to Russia Hit With Cease-and-Desist Order in North Dakota
22 November 2018, 18:50
North Dakota securities regulators have haunted down the Union Bank Payment Coin (UBPC) impersonating a Union Bank AG, a commercial bank based in Liechtenstein
Herman Gref Says Blockchain For Industries Now 1-2 Years Away
Herman Gref Says Blockchain For Industries Now 1-2 Years Away
18 November 2018, 23:17

Anyone thinking that industrial blockchain technology adoption is still going to take a long time must be mistaken according to comments made by Herman Gref, CEO of Russian Bank, Sberbank.

Iran Partners With Russian Blockchain Counterparts To Build Crypto Economy
Iran Partners With Russian Blockchain Counterparts To Build Crypto Economy
16 November 2018, 14:55

Iran will rely on a new partnership signed with Russian blockchain experts in other to build a strong blockchain and crypto industry.

Russian Parliament toys with crypto ruble idea
Russian Parliament toys with crypto ruble idea
09 November 2018, 15:07

Any plans to launch a stablecoin backed 1:1 by the native Russian currency, Ruble, is still only a ‘fantasy’ according to the state Chairman who raised the dust while speaking at a press conference last week. In a more recent update, he shared his thoughts on what could happen if the country decides to create a stablecoin.