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Huobi Launches Partner Exchanges in Russia, Canada, Taiwan, Indonesia and Philippines

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...
Russian Government Slaps a Fine on Bitcoin [BTC] Newspaper Ad
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Russian Government Slaps a Fine on Bitcoin [BTC] Newspaper Ad

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...
Russia Says There’s a 15% Increase In Crypto Mining Firms
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Russia Says There’s a 15% Increase In Crypto Mining Firms

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...
Bitcoin Used by Russian Spies to Influence US Presidential Elections
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Bitcoin Used by Russian Spies to Influence US Presidential Elections

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...
Russia Creates Registry Of Whitelisted Crypto Companies
CryptocurrenciesNews

Russia Creates Registry Of Whitelisted Crypto Companies

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...
The Scheme of Russian Hackers was Dependent on Bitcoin (BTC)
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The Scheme of Russian Hackers was Dependent on Bitcoin (BTC)

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...
Russia's QBT to open Crypto-Investment Bank
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Russia’s QBT to open Crypto-Investment Bank

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...
Two of the Major Russian Banks Set to Test Crypto Products
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Two of the Major Russian Banks Set to Test Crypto Products

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...
Russians Declared Crypto Incomes on Tax Returns
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Russians Declared Crypto Incomes on Tax Returns

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...
Russian Court Prohibits Import of Crypto Mining Equipment
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Russian Court Prohibits Import of Crypto Mining Equipment

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....
Financial Institutions in Russia to Test Central Bank's ICO Platform
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Financial Institutions in Russia to Test Central Bank’s ICO Platform

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, Iran to Develop Cryptos for Reducing USD Dependence
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Russia, Iran to Develop Cryptos for Reducing USD Dependence

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 justice minister
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Cryptocurrency Is Nothing But Property In Russia Says Justice Minister

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...
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