Tag Archives: russian

Russia Drafts Bill to Legalize Cryptocurrency Trading on Approved Exchanges

Regulation The Russian Ministry of Finance is drafting a bill to legalize cryptocurrency trading at approved exchanges. The ministry is already preparing a list of approved trading platforms. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Some Exchanges Will be Legalized Alexei Moiseev. The Russian Deputy Finance Minister Alexei (more…)

Russia Developing Global ICO Ratings Standard With 30 Countries

News The Russian Association of Blockchain and Cryptocurrency has partnered with representatives of 30 countries to develop a global ratings standard for initial coin offerings (ICOs). The association is also in talks with the Russian central bank to impose limits on ICO investments. Also read: South Korea Outlines Proposed Legislation for Cryptocurrency Exchanges Russia (more…)

Hong Kong Company Set to Build Crypto Mining Farm and Museum on Russian Island

Mining One of the first foreign cryptocurrency companies to take advantage of a Russian free trade zone is based in Hong Kong. Among other ventures, the company plans to build a cryptocurrency mining farm, a crypto museum, and provide training on a Russian island. Also read: Survey Says 88% of Japanese Have (more…)

High Demand Prompts Japanese Bitcoin Exchange to Seek Partner in Russia

News A major Japanese bitcoin exchange is looking to enter the Russian cryptocurrency market and is seeking a local partner. The exchange’s CEO says “demand is huge” and urges Russia to look at Japan as a model for cryptocurrency regulations. Also read: Sberbank Apologizes for Buying Nearly All Graphics Cards on the (more…)

Russia Unveils Details of Cryptocurrency Bill Expected in February

Regulation Russia’s Deputy Finance Minister announced that the cryptocurrency bill is expected to be ready by February 1. He then unveiled some details of the bill, including taxation and registration of crypto miners, trading restrictions for bitcoin, and initial coin offering (ICOs) regulations. Also read: Bitcoin-Based Ethereum Rival RSK Set to Launch (more…)

Sberbank Apologizes for Buying Nearly All Graphics Cards on the Russian Market

Mining Russia has been suffering from a shortage of graphics cards that can be used to mine cryptocurrencies, causing their prices to almost double. However, it was not ordinary households that purchased most of these cards. State-owned Sberbank has come forward, admitted to buying them, and apologized for causing the (more…)

Russian Economy ”Lost 18 Billion Rubles This Year Due to Lack of ICO Regulation”

Regulation Research has shown that the Russian economy has been deprived of 18 billion (approx $300 million) rubles so far this year due to a lack of initial coin offering (ICO) regulation. Also read: Bitcoin Cash Hard Fork Plans Updated – New Difficulty Adjustment Algorithm Chosen 18 Billion Rubles Lost Herman Klimenko. The Russian presidential (more…)