Russian Central Bank aims to stop ‘emotional’ and suspicious crypto activity
Payments to crypto exchanges will be slowed by the Russian central bank in order to counteract suspect crypto activities. As cryptocurrency investments become more popular in Russia, the country’s central bank is working hard to stop what it considers to be dubious crypto activity and to prevent some cryptocurrency purchases. To protect customers against “emotional” […]
Russian State Duma sets to regulate cryptocurrency mining
“Because this crypto mining is a sort of business activity, it is obviously required to register it,” Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets. Local authorities have been more serious about regulating the cryptocurrency business as Russian cryptocurrency enthusiasts attempt to attract worldwide crypto mining operators . According to TASS […]
Sber Russia’s largest bank sets to launch its digital asset tool in September
Sber, Russia’s largest bank, is continuing to thrive in the blockchain industry as it sets to register its digital assets tool this month according to the bank’s executive board deputy chairman. According to local news agency TASS, Anatoly Popov, deputy chairman of the executive board at Sber, the bank plans to register its digital asset […]
77% of Russian investors prefer Bitcoin to gold and forex – Survey
According to a new survey, crypto is becoming popular among Russian investors, displacing traditional investment products such as gold. They see digital financial assets as an investment tool rather than just a “hype product.” The Association of Forex Dealers (AFD), a local self-regulatory group focused on the foreign exchange market in Russia, polled 502 Russian […]
Man gets three years sentence for stealing mining rig in Russia
A 34-year-old man was found guilty of stealing Bitcoin mining rig worth more than 1.6 million rubles (almost $22,000) he reportedly could not use the stolen mining equipment due to a “lack of relevant knowledge.” According to a report released by the Prosecutor’s Office of the Yaroslavl Region, a Yaroslavl citizen was caught illegally accessing […]