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Russia’s Federal Financial Monitoring Service has revealed that it will regulate cryptocurrency-related transactions in the country, with a senior official saying that the agency will also oversee the broader cryptocurrency industry, in accordance with recommendations issued by the Financial Action Task Force (FATF). Also read: Ukraine Plans to Fully Legalize Cryptocurrencies Within Three Years Rosfinmonitoring … Read more
Following a discussion on blockchain in voting, the head of Russia’s Central Election Commission argues for a “rebranding” of the tech for the Russian “mentality” Go to Source Powered by WPeMatico
The world’s largest diamond producer, Russia’s Alrosa, has joined the pilot of fellow industry giant De Beers’ diamond supply blockchain platform “Tracr” Go to Source Powered by WPeMatico
Russia is urging members of the FATF to keep tabs on crypto in their jurisdictions Go to Source Powered by WPeMatico
In this edition of The Daily, we cover reports that the U.S. exchange Coinbase has laid off some of its remote workforce. We also look at news that Bitfury is considering holding an initial public offering like Bitmain. Also, a court in Moscow has reject an appeal against the ban imposed on the popular messenger … Read more
Russian business lobby group RSPP has presented Prime Minister Dmitry Medvedev with an alternative proposal to a current draft law on cryptocurrencies Go to Source Powered by WPeMatico
Herman Gref, the former Russian minister of economics and trade and the current CEO of Russia’s largest bank, Sberbank, recently articulated his expectation that cryptocurrency will have a profoundly transformative effect upon society in coming decades. Despite his longer-term outlook, Gref also expressed his belief that cryptocurrency and distributed ledger technology still needs up to … Read more
Russian lawmakers have dropped the term “mining” from a bill to regulate digital assets, following the earlier removal of references to “cryptocurrency.” In addition, the proposed legislation no longer covers the taxation of mining profits, as such matters will fall under the oversight of the Federal Tax Service. Also read: Despite Setbacks Crypto Wages Still … Read more
Russian draft bill on “digital financial assets” reportedly includes tokenizing equity for privately held companies, while core terms such as “mining” are ignored Go to Source Powered by WPeMatico
A new cryptocurrency mining facility opened in Armenia on Oct. 18. The $50 million farm will extract bitcoin and ethereum using 3,000 machines, according to local media reports. Around 120,000 more miners are to be added in the months to come. Also read: Marks Jewelers Now Accepts Bitcoin Cash For Payments Multi Group and Omnia Establish … Read more