Russian crypto market worth $500B despite bad regulation, says exec
Many crypto exchanges with Russian roots have fled the country or operate illegally, Blockchain Life’s founder said. Go to Source Powered by WPeMatico
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Putin’s internet ombudsman pessimistic about crypto regulation
“No one is looking to allow Russian people to earn money with crypto operations,” the official claimed. Go to Source Powered by WPeMatico
Russia does ‘absolutely nothing’ to regulate crypto, RACIB head says
The recent law “On Digital Financial Assets” has not gone far enough in the eyes of Russian crypto industry advocates. Go to Source Powered by WPeMatico
Russian Crypto Industry Association Slams Government for Doing ‘Nothing’ to Regulate Sector
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 … Read more
Bank of Russia Not Ready to Allow Bitcoin ETF Trading, Governor Says
Central Bank of Russia isn’t prepared to admit a bitcoin exchange-traded fund (ETF) to the market, the head of the regulator, Elvira Nabiullina, told Russian media. Her statement, reaffirming the bank’s hardline stance on cryptocurrencies that has been recently criticized again, came after the debut of bitcoin ETFs in the U.S. Central Bank of Russia … Read more
YouTube channels hacked and rebranded for live-streaming crypto scams
Google’s Threat Analysis Group (TAG) attributes the attacks to a group of hackers recruited in a Russian-speaking forum, who sell the hacked YouTube channels to the highest bidder. Go to Source Powered by WPeMatico
Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells
Companies involved in oil production in Russia have come up with a project to organize the mining of cryptocurrencies right next to the oil fields they are exploiting. Data centers devoted to coin minting can be powered by the excess gas released during oil extraction which would otherwise be wasted. Ministries and Central Bank Review … Read more
Bitcoin bulls set to net an $830M profit after Friday’s BTC options expiry
Bitcoin’s surge to $67,000 has given bulls an advantage in Friday’s $1.8 billion BTC options expiry. Go to Source Powered by WPeMatico
Sanctioned Russian oligarch urges central bank to embrace Bitcoin
The U.S. Treasury asked cryptocurrency companies to ensure compliance with sanctions last week. Go to Source Powered by WPeMatico
Russia Considers Partially Replacing Dollar Reserves With Digital Assets in Future
Amid ongoing sanctions, the government of Russia has been working to limit the country’s dependence on the U.S. dollar. The Ministry of Foreign Affairs now says it’s possible to partially replace the greenback in currency reserves and trade settlements with other currencies and even digital assets in the future. Foreign Ministry Official Sees Russia Acquiring … Read more