Strict Rules for ICOs Prepared in Russia

Strict Rules for ICOs Prepared in RussiaA new set of regulations for ICOs has been presented by the Russian Ministry of Communications. Companies organizing token sales will be obliged to guarantee that investors can sell back their tokens. Coin issuers will have to prove they control at least 100 million rubles of authorized capital in a Russian bank account. Also read: […]

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Russians Owe 13% Tax on Their Crypto Incomes

Russians Owe 13% Tax on Their Crypto IncomesRussian citizens are expected to pay 13 percent tax on their crypto-related incomes. Amendments to the tax code are currently being prepared. The exact rates should be confirmed by the end of the year. However, lawyers have warned that even now citizens risk criminal prosecution if they fail to report gains from dealings with cryptocurrencies. […]

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Gazprombank to Try Crypto Deals in Switzerland

Gazprombank to Try Crypto Deals in SwitzerlandGazprombank, one of Russia’s largest financial institutions, is planning to perform some cryptocurrency deals by the end of the year. According to one of its top managers, the bank is responding to demand from “substantial clients”. The pilot transactions will be conducted through its subsidiary in Switzerland. Also read: New Bill Aims to Allow Crypto […]

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Russian Hotels to Surprise World Cup Fans with Bitcoin Payments

Russian Hotels to Surprise World Cup Fans with Bitcoin PaymentsFootball Fans will be able to pay with bitcoin for their accommodation when they visit Russia for this year’s World Cup. Hotels in Kaliningrad, expecting guests from eight countries, are partnering with a local payment provider to offer the service. Booking a room for the day when England plays Belgium will cost approx. $300 in […]

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Russian Supreme Court to Decide the Fate of Bitcoin Sites

Russian Supreme Court to Decide the Fate of Bitcoin SitesThe Supreme Court of Russia has taken upon itself the responsibility to decide a case that may become a precedent for the crypto sector. The highest judicial authority in the country has accepted an appeal against the blocking of a popular Russian analytical portal – Bitcoininfo.ru. Its decision will affect dozens of crypto websites with […]

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Centralized Cryptoruble Not Possible, Minister Tells Putin

Centralized Cryptoruble Not Possible, Minister Tells PutinThe Russian Ministry of Finance is not against a national cryptocurrency, provided the state does not participate in it. The creation of a centralized coin, like the cryptoruble, seems impossible, as cryptocurrencies are based on decentralized ledgers, Finance Minister Anton Siluanov told President Putin, according to Russian media.   Also read: Russian Authorities Criticized over […]

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Chechnya Leader Kadyrov Buys Bitcoin to Follow Evolution

Chechnya Leader Kadyrov Buys Bitcoin to Follow EvolutionStriving to keep up with development, the president of Chechnya Ramzan Kadyrov has bought himself some bitcoins. The outspoken strongman of the once restive Russian republic has bragged about the purchase on social media. Whether that means “yes” to cryptocurrency in the Caucasus is ultimately up to Moscow. Nevertheless, the government in Grozny has been […]

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PR: Revain Token Gets Listed on OKEx

Revain Token Gets Listed on OKExMoscow, Russian Federation

Revain is delighted to announce that it’s token just got listed on one of the world’s largest cryptocurrency exchanges OKEx. We were working closely with the OKEx team in the past few weeks to finally make it happen. For Revain, OKEx will represent the largest exchange by any metric including trading volume and audience size. As everywhere else, you can find Revain’s symbol on OKEx exchange as R. Trading has already started.

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Crypto to Take Center Stage at G20 – “Need to See How We Can Regulate Bitcoin”

Crypto to Take Center Stage at G20 – "Need to See How We Can Regulate Bitcoin"French Finance Minister Bruno Le Maire announced on Sunday December 17th that the next Group of 20 (G20) meeting would include discussion about how to regulate the world’s most popular cryptocurrency, bitcoin. The digital asset hasn’t ceased in making news all year, and European politicians appear more concerned in direct proportion to its price increase, […]

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