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The Central Bank of Russia’s Deputy Governor Olga Skorobogatova said that blockchain proved to be far from the “universal solution” many claimed it would be Go to Source Powered by WPeMatico
The chairman of the Russian State Duma Committee on Financial Markets has confirmed that the bill which provides the regulatory framework for cryptocurrencies in Russia has been completed. The official explained key features of the bill, including how cryptocurrency exchanges and miners will be regulated. However, the bill’s adoption has been delayed due to the … Read more
FBI arrests Russian rapper, for money laundering, citing his Instagram pics with allegedly unearned cash and data from defunct crypto exchange BTC-e Go to Source Powered by WPeMatico
After facing multiple delays, Russia’s lawmakers again postpone pending major cryptocurrency law, now due to the coronavirus Go to Source Powered by WPeMatico
Russian police seized almost 1,500 mining rigs from an illegal bitcoin mining farm, spread across several locations Go to Source Powered by WPeMatico
The FBI shuts down alleged hacker Kirill Firsov’s platform, Deer.io, used for selling stolen information Go to Source Powered by WPeMatico
In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South Korea, India, and Russia. Also read: Bitcoin Legal in India — Exchanges Resume INR … Read more
Russia’s Ministry of Economic Development is preparing a draft law to allow firms from various industries to experiment with crypto and blockchain in a regulatory sandbox Go to Source Powered by WPeMatico
Extreme volatility. Sudden loss of value. A purported store of value. An economic hedge. An alternative to gold. On the face of it, bitcoin and oil have a lot in common. Both markets have been buffeted by the covid-19 economic downturn, but while bitcoin has stabilized, oil keeps plummeting. What does “digital gold” have that … Read more
Russia’s crypto bill will ban crypto issuance and circulation, a legal exec at the country’s central bank says Go to Source Powered by WPeMatico