Russian officials finally prepare to disclose their crypto.
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Category: Vladimir Putin
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Russian Public Officials Must Now Declare Their Crypto Holdings as Income
Public officials in Russia will now be required to declare all the crypto assets they hold as income. The measures are with effect from Jan. 1, 2021, local media reported. Russia’s prosecutor general Igor Krasnov declared: “Starting next year, civil servants will be required to declare [virtual] currencies on an equal basis with other assets.” […]
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Report: Russia Remains a ‘Key Market for Crypto,’ Commands the 3rd Largest Bitcoin Hashrate in the World
The fervor for cryptocurrency assets in Russia has grown wild over the last few years. This week Xangle Research published a comprehensive report about digital currencies and the Russian environment in 2020. The study’s findings show that Russia is one of the world’s key players when it comes to the crypto economy, but finding reliable […]
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No, Crypto Payments Won’t Ruin Russia’s Financial System, Key Players Say
Russia’s New Prime Minister Has an Opinion of Cryptocurrencies
The Russian Federation has a new prime minister, Mikhail Mishustin, with a track record of statements regarding cryptocurrencies and an affection for digitalization. A stated goal of his government will be to turn the country into a digital platform “for the people.” Time will tell, however, whether his plan encompasses the legal use of decentralized […]
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Here’s How Belarus Pressures Russia to Legalize Cryptocurrencies
Relations between Belarus and Russia have always been quite complicated. The union the two close allies created has faced all kinds of challenges over its 20 plus years of existence. Now cryptocurrency is becoming a new apple of discord, as Minsk has taken a relatively friendly approach to regulating decentralized assets, while some in Moscow […]
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Anti-Corruption Group Proves Crypto’s True Power: You Can’t Confiscate Math
Last week in Russia, state agents tore apart the offices of FBK, a privately funded anti-corruption foundation, freezing group assets and more than 100 bank accounts. Officials are using suspicion of money laundering as justification for targeting the largely bitcoin-funded group, possibly in a bid to quell their hand in upsetting Moscow politics. This case […]
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Putin’s Order: Russia to Adopt Cryptocurrency Regulation by July This Year
Russia’s President Vladimir Putin has instructed his country’s government to adopt federal laws relating to cryptocurrency by July this year. Russia has earlier broadened the definition of “digital financial assets” to include cryptocurrencies. Putin’s latest order resembles one he made regarding crypto regulation last year. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin […]
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Putin: Cryptocurrency Has Its Place, No State Can Have Own Crypto
Cryptocurrency has its place in the world and Russia should carefully consider when and how to take part in the process of its development, Vladimir Putin said in his annual Q&A session with Russian citizens. The president noted that “by definition” neither Russia, nor any other country could have a national cryptocurrency. Putin also mentioned the […]
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Putin Opponent Received 25% of Campaign Donations in Bitcoin
Alexei Navalny, one of the major opposition politicians who ran against current Russian President Vladimir Putin this year, raised more than 25 percent of his campaign donations in bitcoin. 100,000 Donors, $6 Million During the 2018 Russian presidential election, analysts predicted a landslide victory for Putin and for him to be re-elected with the support of the majority of the Russian people. On March 18, Vladimir Putin secured his fourth term in office with 77 percent of the votes, garnering more than 56 million votes. However, Navalny, who was considered to be one of the few politicians in the country with a chance of successPowered by WPeMatico