archiverussia

Huobi, a Chinese cryptocurrency exchange has announced that it has chosen five partners to launch cryptocurrency exchanges in Russia, Canada, Taiwan, Indonesia and the Philippines.The partners will share Huobi’s order integration system, wallet system, asset management and clearing systems. Huobi is one of the world’s largest cryptocurrency exchanges and has...

As per a local newspaper agency of Moscow, on 8th August it was reported that the publication Edinstvo Nizhnekamsk was found guilty for violating the advertising norms and the publication has to pay a fine for the breach. An administrative offence under Part 1 of Art. 14.3norms administrative Code  of Russia has been filed against...

The cryptocurrency industry is rapidly expanding in Russia . It is a vast country that has a rich repertoire of resources including cheap electricity. Recent statistics show that this sector is rapidly developing in Russia.According to the Russian Association of Cryptocurrencies and Blockchain, the number of crypto mining firms has...

The U.S.Department of Justice recently filed new charges against 12 Russian 'intelligence agents' or spies who hacked into the Democratic National Committee and the 2016 Clinton presidential campaign. According to this charge, these spies used cryptocurrencies like Bitcoin to hide their identities and launder money. They managed to get private...

The Russian Association of Cryptocurrencies and Blockchain has created a registry consisting of the whitelisted companies that deal in cryptocurrency related products and services. This includes firms in areas like crypto mining, investment, marketing, initial coin offerings(ICOs) etc. The Association noted that since the beginning of the year, these legal...

As per the indictment, the 12 Russian hackers indicted by the special counsel Robert Mueller utilized bitcoin to facilitate their scheme. The bitcoin transactions played a major role and contributed to the hackers getting caught. The indictments against the 12 Russian intelligence officials allege that they operated a hacking scheme...

The famous Russia based cybersecurity firm, Kaspersky recently released a report stating that it found that cybercriminals stole over 21,000 Ethereum Tokens with roughly a value of $10 Million. They say that this was done through ‘social engineering schemes’ over the past one year. The report stated that Initial Coin...

A blockchain-based cybersecurity framework is being created by Russia to expand its protection against cyber attacks. The development will be led by a research lab currently in development by the Russian military tech accelerator. Called ERA, this tech quickening agent will regulate the formation of a research facility which will...

Russia's largest electronic payments system announced the launch of the nation's first-ever Cryptocurrency Investment Bank. Qiwi Blockchain Technologies (QBT) is a daughter company of Qiwi which is Russia's largest electronic payments system and will launch the project. The new company will operate under the brand name HASH. It will be...

There are divided views on Cryptocurrency investment. Some banks have advised their customers to not consider purchasing cryptos and have given cautionary guidelines regarding cryptocurrencies. Some banks have frozen their customer cards if any customer tries to purchase cryptocurrency on various exchanges. Two of the largest banks in Russia have...

A sizeable majority of residents of Russia wish to use Bitcoins and use crypto for payments. Russians are ready to use cryptocurrency for making payments and as an investment instrument. The Federal Tax Service of Russia reported on its website that a resident of the Altai Republic has for the...

Tobolsk has officially banned the import of equipment for cryptocurrency mining, as per the media sources. Tobolsk is a town in Western Russia located in Siberia. The ban was made official when a local miner attempted to import the equipment suited for the mining of cryptocurrency for his individual use....

Olga Skorobogatova, Russian central bank’s first Deputy Governor, said that blockchain tech is still not ‘mature’ enough to be used on a large scale, and still requires many improvements, reports media outlet Prime, on May 26. During a discussion at the SPIEF (St. Petersburg International Economic Forum), Skorobogatova said that...

Major financial institutions in Russia are all set to trial a new regulatory platform developed by the central bank of Russia, aimed at making domestic ICOs (initial coin offerings) more secure and transparent for Russian investors. Russia’s NSD (National Settlement Depository) is currently working with Sberbank CIB, the bank’s multinational...

Russia and Iran are planning to develop their own cryptocurrencies to reduce dependency on USD. All over the world, virtual currencies have been able to help people gain more freedom and independence. When it comes to virtual currencies, people were able to truly own their funds. However, countries like Russia, Iran,...

Russian Ministry of Justice says cryptocurrency legally falls under the category of ‘other property’. Alexander Konovalov also told the reporters that Russia doesn’t consider crypto coins as electronic money, at least not at such early stage. When asked about the current legal status of cryptocurrency in the country, Russian legal...