Russia

Auto Added by WPeMatico

Crypto Ban in Russia Can Have Opposite Effect, Medvedev Warns as Opposition Mounts Against Proposal

by

Dmitry Medvedev, former president and prime minister of Russia, has voiced his concerns over Bank of Russia’s initiative to ban most crypto operations. Prohibition could bring the opposite result, the Russian politician warned, joining a chorus of opinions against the restrictive policy. More Officials and Organizations Reject Central Bank’s Call to Prohibit Cryptocurrency Central Bank … Read more

Russian Investors to Pass Exams Before Buying Cryptocurrencies, Draft Law Suggests

by

A new Russian law may oblige potential crypto investors to take a test before being allowed to purchase digital assets over a certain limit. The authors are also hoping to regulate cryptocurrency mining and cut access to cheap energy for those who mint coins in their homes. Bill to Bring ‘Tight Regulation’ to Crypto Industry, … Read more

Russians Aware of Bitcoin Divided on Proposed Crypto Ban, Poll Finds

by

A new survey has indicated that Russians who have heard about cryptocurrency are deeply divided in their opinions on the recently suggested ban on operations with digital assets. A third of the respondents support the central bank’s proposal while an equal number of participants in the survey oppose it. Bank of Russia’s Call to Prohibit … Read more

Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report Unveils

by

A roadmap on cryptocurrencies has been prepared by a number of ministries, regulatory bodies, and law enforcement agencies, Russian media reported. The document, which aims to regulate Russia’s crypto market by the end of this year, comes amid disagreements between the central bank and other government institutions about the future of decentralized digital money in … Read more

Putin Urges Government, Central Bank to Reach Consensus on Crypto, Highlights Russia’s Mining Potential

by

President Vladimir Putin has joined the debate on the future of cryptocurrencies in Russia, calling on the government and central bank to work out a common position on their regulation. The Russian leader also emphasized Russia’s strengths as a crypto mining destination. Putin Asks Ministers and Bankers to Report Back With Consensus on Cryptocurrencies Russian … Read more

Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power

by

The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in fact, a business activity. Power Utility Takes Crypto Miners to Court … Read more