Tag: Russia

September 15, 2022

According to a senior member of the Russian parliament, foreigners will be able to buy the future Russian digital ruble through anonymous entry points. This idea in Moscow aims to protect these investors against Western sanctions. Volodymyr Kudan, head of the Duma Industrial Committee, said his telegraph channel on Tuesday, that the risk of entering […]

June 12, 2022

Suits Relating to Crypto Criminal Cases in Russia Have Increased by 40% According to a recent survey, courts in Russia are hearing an increasing number of cases involving digital currency. About two-thirds of them have been started under the country’s Criminal Code, but there is also a significant portion of civil lawsuits. The number of […]

May 24, 2022

A Russian court has recognised cryptocurrency as a form of payment, citing precedent According to Russian media, the City Court of St. Petersburg has acknowledged a considerable sum of cryptocurrency turned up by the victim in an extortion case as a form of payment. The verdict is described as a precedent by the prosecutor’s office […]

May 21, 2022

The Russian Parliament has received a draught law on non-financial transactions (NFTs). A measure has been introduced in the Russian State Duma to introduce the term non-financial transactions (NFTs). The draft’s authors argue that non-fungible token owners’ rights must be safeguarded because Russians are now dealing with NFTs at their own risk. Members of Russia’s […]

May 18, 2022

    According to a lawmaker, Russia’s first digital financial assets are expected this year. According to Anatoly Aksakov, the head of Russia’s legislative committee supervising the financial industry authorized Russian blockchain platforms may issue their first digital financial assets (DFAs) by the end of 2022. Speaking at the Moscow Academic Economic Forum, Aksakov stated […]

May 15, 2022

  Dagestan Authorities Seize Over 1,500 Crypto Mining Rigs in Crackdown According to Tass, officers from Dagestan’s Ministry of Internal Affairs and the Federal Security Service discovered a vast crypto mining farm in Makhachkala, the Russian republic’s capital city. According to an information release, the agency confiscated 1,476 devices that create virtual money. According to […]

April 18, 2022

Crypto Twitter responds as Russian government surveys confirmed the crypto bill The Ministry of Finance of Russia confirmed a draft bill called – On Digital Currency and has sent it to the Russian government for authorization to be passed as law. The plan of the national law clarifies legislation associated with the trading and mining […]

April 6, 2022

The US sanctions Russia’s hugest darknet market and crypto exchange Garantex The U.S Department of the Treasury’s Office of Foreign Assets Control has declared that it will inflict sanctions on darknet market Hydra and digital currency exchange Garantex. The step from the U.S. government agencies came the exact day the German Federal Criminal Police declared […]

March 11, 2022

  On 10th March, the MoonPay committee reached all consumers to tell them that due to current events in Eastern Europe they had cancelled all operations in Ukraine, Russia, and Belarus. They are no longer working with consumers with physical addresses in those areas. They also said that it is difficult for them contained with […]

March 9, 2022

  Democratic Senator Elizabeth Warren is working on a bill to deal with the use of crypto to avoid economic sanctions. Warren’s new anti-crypto step runs along with a push from the U.S. government to end the chance of Russia using crypto to ignore a host of economic sanctions placed on the country. As per […]

March 4, 2022

Instead of a boost in economic sanctions on Russia, the amount of crypto being purchased in rubles across leading exchanges proceeds to plunge. Information from blockchain-analysis companies shows that Russian denominated crypto buying and trading on prominent trades have toppled, disproving theories that the nation will pivot to digital assets to avoid sanctions. Last week […]

February 26, 2022

Russia’s military intervention in Ukraine has evoked a sharp response from the digital currency community. The news of the aggression sent Bitcoin and other digital currencies plunging. The U.S government reacted with strict economic penalties that have assisted crypto rates bounce from their original rate fall. Vitalik Buterin, the Ethereum co-founder, expressed opposition to Russia’s […]