Russia’s Finance Ministry Submits Bill to Legalize Crypto Investments, Ban Payments

Russian Ministry of Finance has prepared and submitted a new bill to expand crypto regulations to the government. The law “Sobre la moneda digital” aims to introduce rules for investment in cryptocurrencies while at the same time cementing a ban on their

Crypto Exchange Binance Joins Expert Center at Russian Banks Association

Digital asset exchange Binance has become the first crypto company to support the Association of Banks of Russia in efforts devoted to regulating the countrys growing cryptocurrency market. The coin trading platform will also work with authorities in Moscow as they

Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials

The State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, incluyendo criptomoneda. The state may attempt to seize the assets through court if

El Banco de Rusia informa de las primeras transferencias digitales exitosas en rublos entre usuarios

Testing of the digital ruble has started in Russia with the countrys central bank announcing the first complete transactions between individual wallets. The monetary authority, a staunch opponent of cryptocurrencies, says its digital currency will create new opportunities for citizens, businesses,…

Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency

Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment from restricted China continue to land in the region, and cases of

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

Dmitry Medvedev, former president and prime minister of Russia, has voiced his concerns over Bank of Russias initiative to ban most crypto operations. Prohibition could bring the opposite result, the Russian politician warned, joining a chorus of opinions against the restrictive

El gobierno ruso redacta una hoja de ruta para regular, No prohibir las criptomonedas, Informe revela

A roadmap on cryptocurrencies has been prepared by a number of ministries, regulatory bodies, and law enforcement agencies, Russian media reported. El documento, which aims to regulate Russias crypto market by the end of this year, comes amid disagreements between the

Los cortes de energía en la región rusa de Irkutsk se atribuyen a los mineros domésticos

Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in Russia. Subsidized household energy has turned

El Banco de Rusia quiere restringir las inversiones en criptomonedas bloqueando los pagos con tarjeta, Informe revela

The Central Bank of Russia is currently reviewing various ways to prevent Russians from investing in cryptocurrency. One the options on the table is to block card payments to certain recipients such as crypto exchanges, a media report has unveiled. A…

Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners

The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages….