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The Russian crypto sector is expanding. The number of businesses operating mining facilities has increased this year, more Russians own cryptocurrency. Data confirming these trends has been presented by the country’s crypto and blockchain association, which also warned that delayed embrace of digital financial technology costs Russia a trillion rubles each year. Also read: Swissquote … Read more
A Russian request to extradite Alexander Vinnik has been supported by a Greek Court, complicating the case as France and the U.S. seek his extradition as well Go to Source Powered by WPeMatico
Five major banks from each BRICS member state have agreed to conduct a joint study of blockchain tech implementation Go to Source Powered by WPeMatico
The CEO of Russian payments company Qiwi has claimed that one of his former employees used the company’s equipment to mine 500K bitcoins back in 2011 Go to Source Powered by WPeMatico
Around 70,000 people are currently employed in the young and growing crypto industry in the Russian Federation. The average salary in the space has fallen by 40 percent this year, along with cryptocurrency prices. Nevertheless, the monthly remuneration for certain skills remains very high for Russian standards. Also read Three Russian Universities Add Crypto … Read more
In Russia, no separate taxation rates will be applied to the mining and circulation of cryptocurrencies Go to Source Powered by WPeMatico
Eastern European nations have been following closely regulatory developments in the West to better understand where the wind is blowing before addressing the challenges presented by cryptocurrencies. This strategy has proved fruitless, however, as developed western countries, and international organizations, have not been able to come up with a unified approach towards regulating the crypto … Read more
Witnesses at the a hearing before the U.S. House of Agriculture Committee today argued that digital assets require an agile regulatory approach because of their mutability Go to Source Powered by WPeMatico
The US remains a leading destination for ICO projects according to a new study that also ranks Switzerland and Singapore in the top three. The report notes that authorities in other jurisdictions, like Russia and Estonia, are working to adopt favorable regulations in order to attract more crypto startups. The findings coincide with another study … Read more
This is how some Russians invest in Bitcoin Go to Source Powered by WPeMatico