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Russia

Bank of Russia bans mutual funds from investing in digital currencies
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18 December, 2021

Bank of Russia bans mutual funds from investing in digital currencies

The Russian central bank had previously suggested that mutual funds should stay away from digital currencies, but has now made...
Digital currencies could erode tax profits, Russian tax agency chief says
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27 November, 2021

Digital currencies could erode tax profits, Russian tax agency chief says

The Russian tax agency is concerned with tax evasion through digital currencies, but warned that it can still track evaders...
Digital currency hackers camping out at Russia’s popular skyscraper: report
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21 November, 2021

Digital currency hackers camping out at Russia’s popular skyscraper: report

Suex OTC, EggChange, Buy-bitcoin.pro., and CashBank are the four companies which experts said have been laundering money through ransomware-related activity...
Russia digital currency market growing despite regulatory inadequacy, exec says
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7 November, 2021

Russia digital currency market growing despite regulatory inadequacy, exec says

The Russian digital currency market is worth 20–40 trillion rubles, based on insights such as local cash flows related to...
Russia’s Tinkoff bank explores digital currency opportunities amid demand surge
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7 November, 2021

Russia’s Tinkoff bank explores digital currency opportunities amid demand surge

Tinkoff, through its brokerage arm Tink off investments, is considering several projects in and around digital currency, including the provision...
Russia’s Putin insists ‘too early’ to use digital currency for oil trading
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24 October, 2021

Russia’s Putin insists ‘too early’ to use digital currency for oil trading

The Russian government hasn't placed a total ban on digital currency in the country, but they have yet to accept...
Miners should pay more for power than households, Russia says
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19 October, 2021

Miners should pay more for power than households, Russia says

Russia’s energy minister has proposed changes that could see block reward miners pay more for electricity than households as the...
Russia: Digital currency payments still banned, but trading allowed
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16 October, 2021

Russia: Digital currency payments still banned, but trading allowed

According to Russia's deputy finance minister, citizens can still buy and trade BTC, unlike in China, but the ban on...
Russia wants to limit digital currency investment by non-accredited investors
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8 October, 2021

Russia wants to limit digital currency investment by non-accredited investors

The State Duma in Russia is weighing a law that would limit digital currency purchases by non-accredited investors as it...
Russia’s post office exploring blockchain to track parcels
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5 October, 2021

Russia’s post office exploring blockchain to track parcels

The Russian post office is exploring a blockchain-based system that aims at curbing the loss of parcels, and it plans...
Russia’s Suex exchange faces US sanctions over alleged ransomware payments
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22 September, 2021

Russia’s Suex exchange faces US sanctions over alleged ransomware payments

The U.S. government has issued a fresh round of sanctions as it cracks down on ransomware, including against a Russian...
Russia central bank to block suspicious digital currency activities
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18 September, 2021

Russia central bank to block suspicious digital currency activities

The measures were designed to protect unsuspecting investors and to avoid the risks of the digital currency market crashing to...