Coronavirus Lockdown Boosts Bitcoin Trading in Russia
COVID-19 pandemic seems to be one of the drivers behind the recent sharp increase in Bitcoin trading volume across Russia. Go to Source Powered by WPeMatico
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Despite Russia’s Confusing Crypto Laws, P2P Bitcoin Trade Volumes Soar
Peer-to-peer cryptocurrency trading data shows digital assets like bitcoin are growing extremely popular in Russia, despite the State Duma’s opinions and regulations aimed at crypto assets. On Monday, the Russian government published a draft version of litigation mandates called “On Digital Financial Assets,” and lawmakers are looking for public opinion. Despite the strict proposal drafted … Read more
Russia Leads Global BTC Trading on LocalBitcoins for 2nd Month in a Row
Russia tops global Bitcoin trading on P2P exchange LocalBitcoins amid local crypto regulation uncertainty. Go to Source Powered by WPeMatico
Cash or Plastic? Countries Where Crypto Debit Cards Are Fair Game
Cointelegraph examines where crypto debit cards are available and what options they offer as wider adoption starts to take hold. Go to Source Powered by WPeMatico
Russian Police Arrest Former Post Office Branch Chief For Mining Crypto at Work
Former chief of Russian Post local branch is arrested on suspicion of running a crypto mining farm inside the office for almost six months. Go to Source Powered by WPeMatico
Cryptocurrencies Spread 4X Faster in Undeveloped Countries: Blockchain Analysis Report
During the month of April, the blockchain project Onfo initiated an experiment to see how fast crypto assets can gain popularity in four different countries. The team’s findings discovered that cryptocurrencies spread four times faster in developing nations as opposed to developed countries. Crypto Asset Network Effect Grows Stronger in Undeveloped Countries Last month, the … Read more
Russia’s Central Bank to Launch Blockchain-Powered Digital Mortgage Platform
The Central Bank of Russia is intending to use a local, FSB-approved blockchain for its upcoming e-mortgage project. Go to Source Powered by WPeMatico
Russia’s Biggest Bank is Buying 5000 Blockchain ATMs That Can Mine Crypto
Russia’s biggest bank is spending more than $100 million on 5,000 blockchain enabled ATMs … that are capable of mining cryptocurrency. Go to Source Powered by WPeMatico
Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail
Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported. According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison and fines of up to $7,000 for … Read more
Russia Proposes 2M Rub Fine and 7 Years in Jail for Illegal Crypto Use
Illegal cryptocurrency use in Russia could attract fines of up to 2 million rubles and hard labor or seven years of jail time Go to Source Powered by WPeMatico