Russia’s Federal Security Service (FSB), the successor of KGB, agreed with the Central Bank of Russia that cryptocurrencies should not be allowed as means of payments on the territory…
Tag: Russia
Russia to Invest in Blockchain, Potential Benefit Valued at $17.5B
Russia plans to spend 28.4 billion rubles (over $450 million) on the development of blockchain until 2024. While this is 50% lower than previous figures, the strategy would still…
Russian Central Bank Tests Stablecoins in Regulatory Sandbox
According to recent reports, the Bank of Russia has started using a regulatory sandbox to test the performance of stablecoins. Russia Warming to Stablecoins Russia’s stance towards cryptocurrencies has…
Russia: De Facto Crypto Ban Will Be Hard to Achieve, Official Says
Russia may prohibit crypto payments for goods and services, but achieving such a ban might be quite difficult. This is the conclusion of Anatoly Aksakov, Chairman of the State…
Cryptocurrency Might Be Treated as Treasure Under Russia’s Tax Code – Bitcoinist.com
Russia might implement an interesting tax method. Local media reported that the Association of Banks of Russia proposes a tax on cryptocurrency mining that is equivalent to the tax…
Russia: Crypto Won’t Receive Money Status Anytime Soon – Bitcoinist.com
Russia won’t officially legalize digital currencies in the near future, according to the conclusions of the participants of a “round table” dedicated to crypto regulation. Issuance of Anything Besides…
Russian Arms Manufacturers Dodge US Sanctions With Bitcoin – Bitcoinist.com
Soyuzmash, the Union of Machine Builders in Russia, has asked the Central Bank for permission to accept Bitcoin and stablecoin payments for weapons deals. This, they claim, will help…
Russia: Holding Bitcoin is Okay, But Using and Mining It Isn’t
The Duma (parliament) representative in Russia may finally have given some clarity on cryptocurrencies, albeit inadvertently. While announcing potential fines for miners, it stated that owning bitcoin was possible….
Russia’s Central Bank Is ‘Against Legalization’ Of Cryptocurrency –
The head of the central bank of Russia says she does not want to legalize Bitcoin and other cryptocurrency as a payment method – because of risk and volatility….
Venezuela and Russia May Switch to Ruble After Trying ‘Petro’ Cryptocurrency –
Venezuela and Russia are in talks to switch over to the ruble for trade after trying the ‘El Petro’ cryptocurrency, a UN ambassador has revealed. Venezuela and Russia ‘Currently…