Crypto Mining Could Bring Russia $1B in Taxes, Report Suggests

Using its excess energy generating capacity to mine cryptocurrencies, Russia can increase its budget receipts by more than $1 billion dollars in annual tax revenue. The estimate comes from a report that also calls for the establishment of a Russian crypto valley.   Also read: Defying Crypto Winter, Swiss Crypto Valley Grows to 750 Companies … Read more

Russian Institutions Back Proposal to Let Companies Use Cryptocurrency

An idea to allow companies from certain sectors and in some regions to use cryptocurrencies is gaining traction in Russia. The proposal has been included in a draft law prepared by the Economy Ministry, a high-ranking parliamentarian has voiced his support, and big business is discussing its implementation. Also read: No Reason to ‘Bury’ Cryptocurrencies, … Read more

Eastern European P2P Markets See Strongest BTC Volume in Over 12 Months

Eastern European peer-to-peer (P2P) markets have seen a spike in trading activity, with the Russian, Ukrainian, Romanian, and Kazakh Localbitcoins markets posting the strongest volume in over 12 months when measured in cryptocurrency. Also Read: Bitcoin and Market-Related Headlines Dominated Crypto News Coverage in 2018 Russian P2P Markets Post Strongest Trade in 19 Months During the … Read more

No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says

Last year’s falling prices are not a good enough reason to “bury” cryptocurrencies, Russian Prime Minister Dmitry Medvedev said during a high-level economic conference. He believes Russia should carefully follow the developments around digital coins.   Also read: Clickbait Media Uses Bitcoin and Russia to Pump Headlines Again Russia Should Watch Carefully Medvedev thinks the … Read more

Clickbait Media Uses Bitcoin and Russia to Pump Headlines Again

In the past week or so, a number of publications, including cryptocurrency websites, but also “reputable” mainstream outlets, have given stage to a “Kremlin economist” with a bold prediction – Russia will invest billions in bitcoin to tackle U.S. sanctions, possibly triggering a new bull run as early as next month. The claim was quoted … Read more