Tag: Russia

With Bitcoin and other cryptocurrencies rallying following the conclusion of the G20 summit in Buenos Aires recently, where no consensus among global leaders was reached with regards to crypto regulations, the debate looks set to ramp up over the next few months. Ahead of the guidelines now expected to be...

Russia has reportedly said that it will legalise the cryptocurrency market by the summer, at the instruction of Russia’s President Vladimir Putin. In a report from Russia’s Parliament Newspaper, it states that the new legislation will take effect on the 1st July, 2018. According to the report, two draft laws...

Russia's finance ministry has published a draft bill on “Digital Finance Assets” which outlines a framework for the regulation of cryptocurrency, tokens, and ICOs in Russia. If signed into law, the document will legalize cryptocurrencies, making it possible for residents to trade through licensed exchanges which must be registered...

Russia’s president has come out and called for the regulation of cryptocurrencies such as bitcoin as they bear ‘significant risks.’ On Tuesday, Vladimir Putin was at a meeting in Sochi with top financial officials with the topic of digital currencies on the agenda. During the meeting Putin voiced his support...

On 1st September, local publications including Vedomosti Business Daily reported that the Russian government had officially opened its first criminal case involving bitcoin. Three businessmen were arrested for illegally trading 500 million rubles’ worth of bitcoin, worth just over $9 million. According to Forbes, more than 300 bank cards and...