Digital Currencies Could Outshine SWIFT System, Says Central Bank of Russia’s Deputy Governor

Digital Currencies Could Outshine SWIFT System, Says Central Bank of Russia's Deputy GovernorThe 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 […]

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Russia Proposes Harsh Penalties for Unreported Cryptocurrency Holdings

Russia Proposes Harsh Penalties for Unreported Cryptocurrency HoldingsRussia’s Ministry of Finance has drafted a bill with harsh penalties for anyone who does not report their cryptocurrency holdings above a certain level. Penalties include jail terms and fines. New Russian Crypto Bill The Russian Ministry of Finance has sent out a new draft bill addressing the circulation of cryptocurrency in Russia to interested […]

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