racib – DIGIT INFO

Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

DIGIT — Sat, 18 Mar 2023 04:30:29 +0000

The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in […]

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Russian Crypto Industry Association Asks Putin to Help With Regulations

DIGIT — Wed, 08 Mar 2023 04:30:12 +0000

The organization representing Russia’s crypto and blockchain sector has urged Vladimir Putin to spur regulatory efforts. The association fears the Russian Federation may lag behind other nations if it maintains its conservative approach towards new financial technologies. Russian Crypto Businesses Want Putin to Engage With Regulatory Process The Russian Association of Cryptoeconomics, Artificial Intelligence and […]

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Russian Crypto Industry Association Slams Government for Doing ‘Nothing’ to Regulate Sector

DIGIT — Sun, 24 Oct 2021 11:30:38 +0000

The main organization representing participants in the Russian crypto space has lambasted authorities in Moscow for not doing enough to regulate the industry. The criticism comes four years after President Putin directed institutions to legally define the status of digital financial technologies. Regulators Accused of Failure to Take Russian Crypto Market Out of Shadow Russian […]

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Russian Crypto Industry Scrambles to Attract Miners as Kazakhstan Overtakes Russia in Mining Volume

DIGIT — Mon, 19 Jul 2021 09:30:04 +0000

An industry association representing the Russian crypto sector has launched a project to entice bitcoin miners. Despite its abundant sources of cheap energy, Russia is now lagging behind Kazakhstan, another Eurasian Economic Union member, in terms of cryptocurrency production. Russian Project Aims to Expand Country’s Crypto Mining Capacity The Russian Association of Crypto Industry and […]

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Over 50 Bitcoin ATMs Operate Legally in Russia, Study Finds

DIGIT — Fri, 01 Feb 2019 17:03:50 +0000

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 average monthly turnover of each of these teller machines is around $27,000. Also read: Crypto Startups Push Swiss VC Investments to a Record $1.25B Most […]

The post Over 50 Bitcoin ATMs Operate Legally in Russia, Study Finds appeared first on Bitcoin News.

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Russia’s Financial Watchdog to Oversee the Cryptocurrency Industry

DIGIT — Tue, 30 Oct 2018 17:00:51 +0000

Russia’s Federal Financial Monitoring Service has revealed that it will regulate cryptocurrency-related transactions in the country, with a senior official saying that the agency will also oversee the broader cryptocurrency industry, in accordance with recommendations issued by the Financial Action Task Force (FATF). Also read: Ukraine Plans to Fully Legalize Cryptocurrencies Within Three Years Rosfinmonitoring […]

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Chechnya to Create Mining Pool for Eurasian Economic Union Countries

DIGIT — Sun, 23 Sep 2018 02:55:29 +0000

Chechnya will create a Eurasian crypto mining pool, the press secretary of the head of the Chechen Republic has reportedly confirmed. The project aims to combine the resources of crypto miners from the Eurasian Economic Union countries. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Chechen Mining Pool Alvi Karimov, the press […]

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Russian Industry Association Launching Crypto Certification Program

DIGIT — Sun, 09 Sep 2018 08:25:16 +0000

The Russian crypto industry association is launching a crypto certification program. Applicants will be evaluated and issued a certificate showing their competency level which can be verified on the association’s website. Training will be offered to those that do not score the required number of points. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, […]

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Russia Developing Own Mining Pools

DIGIT — Sun, 09 Sep 2018 00:10:50 +0000

The Russian crypto association is working on two projects to create mining pools offering better conditions to the local mining companies. The industry has seen robust growth with 70,000 enterprises currently operating in the field. Miners are taking advantage of the cheap electrical energy produced in Russia. Many companies believe it’s time to legalize all […]

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Developing an ICO Project in Russia Can Cost as Little as $1,500

DIGIT — Fri, 17 Aug 2018 22:30:16 +0000

The average cost to develop an ICO project in Russia is hovering around $18,000 USD but the price can go down to as little as $1,500, according to a study that explores the market for such services. The hourly rate for a blockchain developer is averaging a little over $44, the authors found after surveying […]

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