Auto Added by WPeMatico
The Central Bank of Russia (CBR) has identified 146 financial pyramid schemes in only six months this year. Fraudsters often lure people with weak financial literacy into investment scams linked to cryptocurrencies or crypto mining operations. Pyramid Schemes Thrive Amid Rising Investment Demand, Bank of Russia Says The number of financial pyramid scams uncovered by […]Powered by WPeMatico
The first deputy governor of the Central Bank of Russia (CBR) has been vocal in a recent online meeting, reported by Russia Today (RT), about the topic of digital currencies challenging the SWIFT international payments system and make it redundant. Digital Currencies Could Challenge SWIFT System, Even Replace It According to Olga Skorobogatova, the development […]
The post Digital Currencies Could Outshine SWIFT System, Says Central Bank of Russia’s Deputy Governor appeared first on Bitcoin News.
Powered by WPeMatico
Taxpayers in Russia have started declaring incomes and profits from crypto transactions even before cryptocurrencies are legalized in the country, results from this year’s tax campaign show. The Finance Ministry has again clarified the applicable tax rules, while the State Duma is still fine-tuning the upcoming regulations. Also read: Russian Railways Eyes Crypto for Tickets, […]
The post Crypto Incomes Declared on Tax Returns in Russia appeared first on Bitcoin News.
Powered by WPeMatico
Chinese traders in Moscow’s huge wholesale bazaars have become the most active buyers and sellers of cryptocurrency in the Russian capital. The retail turnover there is estimated at almost $10 billion a month. Authorities say that most of it is converted to cryptocurrencies and sent back to China where it‘s exchanged to yuan. Also […]
The post Chinese Merchants in Moscow Convert Most of Their Cash to Crypto appeared first on Bitcoin News.
Powered by WPeMatico
With authorities in Moscow still trying to find their bearings on Bitcoin, the largest Russian exchange has announced its readiness to organize trading of cryptocurrency-based financial instruments. It would be faster and easier, MOEX said in comments to local media. Russia’s Central Bank, however, has rejected calls from the Finance Ministry to allow buying and […]
The post Moscow Exchange Ready for “Fast and Easy” Crypto Derivatives Trading appeared first on Bitcoin News.
Powered by WPeMatico
With authorities in Moscow still trying to find their bearings on Bitcoin, the largest Russian exchange has announced its readiness to organize cryptocurrency trading. It would be faster and easier, MOEX said in comments to local media. Russia’s Central Bank, however, has rejected calls from the Finance Ministry to allow buying and selling crypto derivatives […]
The post Moscow Exchange Ready for “Fast and Easy” Crypto Trading appeared first on Bitcoin News.
Powered by WPeMatico