Russia’s Largest Bank Halts Crypto Plans Due to Central Bank’s Negative Stance
Russia’s largest bank, Sberbank, has suspended its crypto-related plans due to the central bank’s negative stance on crypto Go to Source Powered by WPeMatico
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Russian Police Arrest Alleged Creator of Large Crypto Pyramid Scheme From Kazakhstan
Russian police have arrested the alleged creator of a Kazakh crypto pyramid scheme who confessed to illegally crossing the Russian border on horseback Go to Source Powered by WPeMatico
G20 Countries Start Implementing Unified Cryptocurrency Standards
As the G20 summit approaches, member countries have been discussing how to implement the standards set by intergovernmental organizations such as the Financial Action Task Force. While there may be some challenges in complying with the standards, the European Central Bank says the risks crypto assets pose to the euro area’s financial stability are manageable. … Read more
Russian State Tests Blockchain-Based Application for Public Administration
The Russian oblast of Nizhny Novgorod is reportedly testing a blockchain-based application for public administration Go to Source Powered by WPeMatico
Countries Suffering From Rapid Inflation Show Significant Demand for Cryptos
Cryptocurrencies have been trending upwards in price over the last few weeks, but in certain countries around the world digital assets have become far more valuable. For instance, in Argentina, the nation’s sovereign currency has lost considerable value and cryptocurrencies like BTC are seeing all-time price highs. The surge in value is not just taking … Read more
Russian State-Owned Holding Giant Proposes to Apply DLT in All the Gov’t Data Systems
Russian state-owned holding conglomerate Rostec proposes a $1.3 billion-worth plan to apply blockchain in all the state data systems Go to Source Powered by WPeMatico
Russia’s Central Bank to Consider Gold-Backed Cryptocurrencies for Mutual Settlements
Russia’s central bank will consider an opportunity to issue a gold-backed cryptocurrency to close mutual settlements with other countries Go to Source Powered by WPeMatico
Central Bank of Russia Expects Crypto Draft Bill to Be Adopted in Spring 2019
Russia’s central bank believes that the draft bill on crypto regulation is prepared enough to be adopted in spring 2019, in accordance with the order of president Vladimir Putin Go to Source Powered by WPeMatico
Terror Groups Are Increasingly Using Cryptocurrencies, Senior Russian Official Warns
The director of Russia’s federal security service has warned that terror groups are increasingly being financed through cryptocurrencies Go to Source Powered by WPeMatico
Russia Delays Adoption of Crypto Regulation Due to FATF Order to Legislate Bitcoin
Russia is delaying the adoption of its crypto regulation due to a FATF requirement to legislate terms such as “bitcoin” and “crypto” Go to Source Powered by WPeMatico
