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UK, U.S., and Canada Accuse Russia of Hacking Attacks to Steal Secret Research on Covid-19 Vaccine UK, U.S., and Canada Accuse Russia of Hacking Attacks to Steal Secret Research on Covid-19 Vaccine

Great Britain has claimed that the Russian government-backed hackers made an attempt to illegally obtain secret research on a coronavirus vaccine developed by Britain. Apart from the United Kingdom, the Russian intelligence allegedly targeted pharmaceutical research organizations in the United States and Canada as part of the attack.

Bitsonar Exit Scam: How Former Ukrainian Government Official Took Money From Europeans, Americans, and Russians With Cryptopyramid Bitsonar Exit Scam: How Former Ukrainian Government Official Took Money From Europeans, Americans, and Russians With Cryptopyramid

This June, an ex-employee posted an announcement on the official website of cryptocurrency investment fund Bitsonar. According to it, the organization is a Ponzi scheme, and its founder is not the same person as the website had earlier stated. Meanwhile, users post numerous claims as to the impossibility of withdrawal of funds and suspect the […]

What Prompted Sudden Truce Between Telegram and Russian Watchdogs: Main Theories What Prompted Sudden Truce Between Telegram and Russian Watchdogs: Main Theories

On June 18th, Russia’s internet and media watchdog Roskomnadzor posted a short notice saying that Telegram messenger is no longer subject to blocking in the Russian Federation. The ban that lasted for two years and has been lifted because the messenger executives agreed to cooperate with the authorities in fighting terrorism and extremism.

Trump Acknowledges 2018 Cyberattack Against Russian Troll Farm Trump Acknowledges 2018 Cyberattack Against Russian Troll Farm

The U.S. president has acknowledged that the U.S. Cyber Command launched a cyberattack on a Russian media company Internet Research Agency back in 2018. The agency is colloquially known as the “troll farm” that had gained international fame through the interference of the 2016 presidential election and 2018 midterms.

Germany Calls On EU Countries to Impose Cyber Sanctions On Russian Hackers Germany Calls On EU Countries to Impose Cyber Sanctions On Russian Hackers

The German government has urged the European Union to sanction Russian citizens responsible for the largest cyber-attack ever against the Bundestag, which was carried out in 2015. If so, the move will mark the first real use case of the so-called “EU Cyber Diplomacy Toolbox” introduced in 2017 and designed to respond to malicious cyber […]

Eastern Europe Hit by Massive Russia and China-backed Cyberattacks, Including Strong Propaganda on Social Networks, Analysis Suggests Eastern Europe Hit by Massive Russia and China-backed Cyberattacks, Including Strong Propaganda on Social Networks, Analysis Suggests

This spring, an array of European countries faced a massive cyberattack campaign, with nearly 80 critical infrastructure institutions in Eastern and Central Europe affected. The attacks reportedly were in favor of Russia’s and China’s interests in Europe.

Russian Hackers Attack US Nuclear Missile Contractor, Demand Ransom for Stolen Data Russian Hackers Attack US Nuclear Missile Contractor, Demand Ransom for Stolen Data

Cybercriminals have broken into the computer network of Westech International, the United States military contractor, that provides engineering and maintenance support for the Minuteman III nuclear deterrent. The hackers reportedly stole confidential documents from the company and now demand that it pay a ransom.

Tor and Telegram Under Scrutiny: Will Russia Kill Anonymous Internet? Tor and Telegram Under Scrutiny: Will Russia Kill Anonymous Internet?

Roskomnadzor is closely studying anonymous and decentralized networks that enable bypassing the blocks imposed by the department. The ultimate goal of this study is to restrict access to such networks at the legislative level.

Russian Promises: Norilsk Nickel’s Tokenization Platform May Catalyze the Slowly Developing Russian Crypto Legislation

Russian Central Bank has approved the digital platform of Norilsk Nickel for trading tokens backed by commodities. On February 17, the Central Bank confirmed that the platform’s testing was successfully completed. It took place in the regulator’s own “sandbox.”

Exclusive: CZ Binance on His Wealth, Values, Russia and China

Binance’s founder and CEO Changpeng Zhao, 42, made his way from a small town in China to a Forbes cover and became a shy rockstar of the bitcoin-industry. Widely known as CZ, today he runs one of the biggest crypto exchanges in the world which offers a wide range of services from spot trading to […]

Russian Culprits Linked to Coincheck’s $530 Million Hack Attack

A new report of the investigation into the Coincheck exchange 2018 hack has revealed that the personal computers of the employees have been to have been infected by a virus originating from a Russian hacker syndicate.

Russia to Implement Blockchain in State Governance

Gleb Nikitin, the governor of Nizhny Novgorod Oblast in Russia stated that the region’s residents will become the country’s first to test the capabilities of blockchain tech in state governance.

Russia’s Biggest Social Network Could Launch Own Crypto – Report

Vkontakte, the biggest and most popular social media in Russia, might join the ranks of Facebook and Telegram and launch its own cryptocurrency. As reported by local publication RNS on Friday, March 29, Vkontakte is looking into the question.

Crypto Mining Definition Removed From Russian Digital Currency Regulation Draft Bill

The proposed law on digital assets in Russia will fail to clarify tax issues for miners after the lawmakers have removed the definition of crypto mining from the draft bill on digital currency regulation.

Alternative Cryptocurrency Regulation Bills Introduced in Ukraine and Russia

A draft bill that leaves crypto-to-crypto trading outside the state regulation has been filed this week in the Ukrainian parliament. The news was announced during BlockchainUA conference in Kyiv by Ukrainian MP Alexey Mushak.

Greek Supreme Court Approves Extradition of Alleged Bitcoin Exchange Owner to Russia

The Supreme Court in Greece has ruled on Friday that the alleged owner of the now defunct Bitcoin exchange BTC-e Alexander Vinnik can be extradited to Russia, instead of the US or France, countries which also requested the his extradition.

Collapsed Bitcoin Exchange ‘Expert’ Might Hold the Keys to Russia’s U.S. Election Meddling

Russian citizen Alexander who is being held in a jail in Greece could shed light on the ongoing investigation over Russia’s interference with the U.S. politics. According to a report in Bloomberg, Vinnik, 38, may be aware of how Russians in U.S. Special Counsel Robert Mueller’s crosshairs used Bitcoin to obscure their money trail.

Russian Police Confiscates Bitcoin ATMs in a Major Swoop Across the Country

Russian company BBFpro had two dozens of Bitcoin ATMs confiscated by law enforcement with no explanations or advance inquiry from the prosecutors.

Russian Authorities to Track Cryptocurrency Transactions

Russia’s Federal Financial Monitoring Service (Rosfinmonitoring) will expand its set of analysis tools with a new system allowing for data about cryptocurrency wallets tied to certain individuals.

Russian Vnesheconombank Refutes Reports on Launch of Crypto Exchange in Partnership with Huobi Group

Russia’s state development bank Vnesheconombank, also known as VEB, confirmed partnership with Chinese Huobi Group, operator of the world’s third largest cryptocurrency exchange by daily trading volume, however stressed that this collaboration does not provide for any trading platform initiatives.

Russia: Income Tax for Miners and Cryptocurrency Owners Still in Sight

Miners and holders of Bitcoin and other cryptocurrencies in Russia will be regulated under existing provisions of the existing Tax Code with no separate taxation schemes included.

U.S. DoJ Charges 12 Russian Officials with Bitcoin-Funded Elections ‘Interference’

According to a 29-page document released from the U.S. Department of Justice Friday, July 13, a dozen of Russian operatives were revealed to have used Bitcoin heavily to fund the DCLeaks operations and propaganda campaign.

Cryptocurrencies Pose No Risk to Stability, Russian Analytics Say

According to the Russian Analytical Credit Rating Agency (ACRA), the high volatility of cryptocurrencies can potentially create risks for the country’s financial stability, but these are balanced by the high concentration of ownership of the digital assets.

Russian Crypto Criminal Admits Money Laundering and Fraud

According to Russian media, the alleged BTC-e mastermind Alexander Vinnik has confessed to charges of fraud and money laundering on May 24, 2018. Reports reveal a signed document details that Vinnik admits to committing financial fraud between 2011-2017 through the now-defunct BTC-e cryptocurrency exchange.

Russian Digital Law Bill Will Not Legalize Cryptocurrencies

A draft bill aimed at protecting the rights of cryptocurrency owners while also regulating them in line with Russian laws was introduced to parliament in March with the biggest expectation being the legalization of cryptocurrency payments. However, as local media outlets report, the expectation of making digital currencies legal tender may not come to pass.

Digital Resistance: Telegram to Use Bitcoin to Bypass Russia’s Ban

Telegram founder and CEO, Pavel Durov, has announced that he recently started issuing bitcoin grants to individuals and companies that ran socks5 proxies and VPNs, and that he plans to donate millions of dollars this year alone in order to fund such technologies which circumvent government bans on his Telegram messaging service.

Russian Government to Control Bitcoin to Fiat Exchange Operations

The Russian government has prepared a memo on the law “On digital financial assets” that states the “exchange of cryptocurrencies for fiat money to the amount of 600,000 rubles (around $10,000) and more has to be subject to mandatory currency control,” Russian publication Izvestiya reports.

Court Orders Telegram Messenger App to be Blocked in Russia

Moscow court ordered Telegram messenger app to be blocked in Russia after failing to give the country’s Secret Service (FSB) decryption keys to access users’ messages. Telegram argues this would violate users’ privacy and that the codes constantly change.

Russian Authorities Prepare Controversial ICO Regulations

Russia’s Ministry of Telecom and Mass Communications (MinComSvyaz) has prepared guidelines for Initial Coin Offerings (ICOs). The document, however, has already become target for heavy criticism.

Russia’s New Cryptocurrency Bill Gives Definition to Smart Contracts

Russia’s parliament members Anatoly Aksakov, Igor Divinski, and Oleg Nikolaev, as well as senator Nikolai Zhuravlev have presented a bill on digital financial assets that defines cryptocurrencies and tokens as property while banning their usage as means of payment.

Nuclear Scientists Arrested in Russia for ‘Bitcoin Mining Plot’

Russian security officers have arrested several scientists working at a top-secret Russian nuclear warhead facility for allegedly mining crypto-currencies.

Russia Considers Offshore Cryptocurrency Trading Platforms

Russia’s ministry of finance is proposing to create special offshore cryptocurrency trading platforms with cities of Vladivostok and Kaliningrad considered as possible locations, deputy minister Alexei Moiseev said Friday.

Russian Brokerage Firm Launches CBOE Bitcoin Futures Trading

Moscow-based online brokerage firm Finam will allow its customers ‎to trade bitcoin futures from Chicago Board Options Exchange (CBOE), with CME futures coming at some point later.

Russia Publishes Digital Assets Regulation Bill Covering Bitcoin, Mining and ICO’s

Russia’s ministry of finance has published a bill on digital assets regulation, which, among other things, defines cryptocurrencies, tokens, mining, and ICO’s.

Russia Postpones “Crypto Ruble” Launch to Mid-2019

According to Arseni Scheltsin, the director of Russia’s Cryptocurrency and Blockchain Association, the proposals on creating and regulating a national cryptocurrency will be officially presented in July 2018, while a full-fledge launch would take a year after that.

Russia to Legalize Cryptocurrency Trading on Approved Exchanges

Following the presentation of a drafted bill to place regulations on the usage of cryptocurrency in Russia on December 28, a list of approved cryptocurrency trading platforms is being developed by the Russian Ministry of Finance.

Russian Project Receives a Banking License for the Implementation of Cryptocurrency Operations

The ZODIAQ project, which is creating a universal financial blockchain corporation, received a banking license of category B from the Comoros Offshore Finance Authority for offshore operations.

Russia’s Sberbank Conducts First Blockchain Payment Transaction

Sberbank has become the first Russian bank to carry out a payment transaction using the blockchain technology, which allows transfers within a few seconds.

Chelsea Owner Roman Abramovich, Other Russian Forbes Millionaires Invest in Cryptocurrencies

Major Russian businessmen are interested in cryptocurrencies, while one tenth of the Forbes list invest in this new kind of financial tool.

Suddenly Russia’s Central Bank Sees ICO Investment Potential

A senior official at Russia’s Central Bank insists the so called initial coin offerings (ICOs) could drive funding opportunities for startups, which is why the regulator is ready support the development of the blockchain funding model.

Russian Central Bank Pushes For ‘Professional’ Miners Taxation

The deputy head of Russia’s central bank Olga Skorobogatova has stated that cryptocurrency mining as a business has to be registered and taxed. The official insists that mining is more than just production of cryptocurrencies. “Mining is validation of transactions that are represented as blocks on the blockchain. Validation is carried out by finding complex […]

Russian Funeral Marketplace Offers to Bury Vladimir Lenin Using Blockchain Technology

In a rather peculiar twist of events, funeral marketplace TombCare has offered Gennady Zyuganov, the leader of the Communist Party of Russia, to bury Vladimir Lenin’s body and record the information on the burial ground on blockchain.

Russia’s Stance Towards Cryptocurrencies Remains Ambiguous

Speaking at the state-owned TV channel Russia 1, the country’s finance minister Anton Siluanov has stated that bitcoin will not replace ruble for internal settlements.

VTB Bank Officials Say Russia’s Appetite for Cryptocurrencies Overblown by Media

Russia’s appetite for Bitcoin has been overblown by the media, the head of Russian bank VTB International Riccardo Orcel said Tuesday.

Russia’s Sberbank Among Almost 50 New Members of Enterprise Ethereum Alliance

Sberbank, Russia’s largest bank has joined Enterprise Ethereum Alliance seeking a new way to capitalize on international markets. The bank is the first Russian bank to become a member of the alliance.

Russia Seeks to Limit Maximum Amount of Purchased Cryptocurrency

Russia plans to introduce limitations to the maximum amount of purchased cryptocurrencies.

Greek Court Rules in Favor of Alexander Vinnik’s Extradition to Russia Causing a Legal Controversy

The council of judges in Saloniki has ruled on October 11th that Russian national Alexander Vinnik suspected of fraud has to be extradited to Russia. This grants the request from Russia’s general prosecutor.

Russian Authorities Receive Putin’s “Signal” to Spearhead Cryptocurrency Mining

In the latest twist of events, Russian government claimed it intends to “head and legally regulate” issuance and turnover of cryptocurrencies.

Russia’s Putin Says It’s Important not to Pile up Too Many Barriers in Cryptocurrency Regulation

Russia’s president Vladimir Putin has stated that introduction of digital technologies in finance shall be subject to a thorough discussion to avoid cryptocurrency-related risks.

Russia to Ban External Cryptocurrency Trading Websites

According to the first deputy chairman of Russia’s Central Bank Sergei Shvetsov, Russia will ban websites that offer cryptocurrency trading. He noted that the regulator’s stance towards cryptocurrencies and their derivatives was negative.

Russia’s Central Bank to Create Its Own Cryptocurrency Instead of Legalizing Bitcoin

Elvira Nabiullina, the head of Russia’s Central Bank, has once again spoken against legalization of cryptocurrencies in Russia, however, she conceded that they could create a national digital currency based on blockchain technology.

Russian Mining Center Raises Record-Breaking $43.2m Through ICO

Russian Mining Center, a holding co-founded by a company owned by Russian internet ombudsman Dmitry Marinichev, has raised $43.2 million over an ICO, thus setting a new record amount raised by a local company.

No Japan Repeat – Russia Dismisses Legalizing Cryptocurrencies

The head of Russia’s Central Bank Elvira Nabiullina strongly dismissed the proposal to legalize cryptocurrencies voiced by an unnamed entrepreneur at the meeting with the Russian president.

Russia Backs Off the Cryptocurrency Regulation Rules

According to Elina Sidorenko, the head of the Russian parliament’s interdepartmental working group on cryptocurrencies, the country’s Parliament isn’t going to review the bill on legalization of cryptocurrencies anytime soon.

Russian Prosecutors Question Local Burger King on Account of WhopperCoins

Managers of Burger King Russia have been called for questioning to the Public Prosecution Office of Russia on account of WhopperCoins, a virtual currency issued by the company.

Law Enforcement Shuts Down Russia’s Biggest Darknet Marketplace

Russian Anonymous Marketplace aka RAMP that has been selling drugs for bitcoin since 2012 was shut down by Russian law enforcement.

Russia’s Central Bank Issues Cryptocurrency Risks Warning

The Bank of Russia believes admitting cryptocurrencies or any other financial instruments associated with digital currencies to trading and turnover in Russia’s clearing infrastructure is premature.

Three People Arrested in Russia for Illegally Trading Bitcoin

Last week, Russian police arrested three men for illegally trading in 500 million rubles worth of bitcoin, or around $9 million worth of the cryptocurrency. Arrests were made approximately 260 miles northeast of Moscow in the city of Kostroma. 

Putin Advisor Announces Russian Association of Blockchain and Cryptocurrency

The chief internet advisor to Russian President Vladimir Putin has announced the creation of a new association focused on blockchain and cryptocurrency.

Russia to Ban Selling Bitcoin to Individuals

Russia’s ministry of finance intends to ban selling bitcoins to individuals, the deputy minister of finance Alexei Moiseev stated in his interview with Rossiya-24 news channel.

Burger King Russia Launches Whoppercoin Token

Burger King’s Russian division has announced it is now offering Whoppercoin, its own cryptocurrency named after the signature burger serves by the company.

No Western Cryptography – FSB Wants to Introduce ‘Russian Algorithms’ in the International Blockchain Standard

According to Vedomosti that reference their unnamed sources at the ISO (International Standardization Organization), Russia’s Federal Security Service (FSB) is represented in the special committee for blockchain standardization.

Scandal-ridden Russian Entrepreneur to Open a Bitcoin Store for the Rich

Eccentric Russian entrepreneur German Sterligov has announced that he is going to open the first official bitcoin store in Russia. However, this advocate of ‘spiritual bonds’ notes that bitcoin prices at his store will always be higher than those on the market.

Russian Minister Compares Cryptocurrencies to Ponzi Schemes

According to Russian Economic Development Minister Maksim Oreshkin, the global development of cryptocurrencies resembles a pyramid scheme.

Russian National Settlement Depository to Develop Digital Assets Platform

Russia’s National Settlement Depository (NSD) is considering building a platform to serve digital assets including cryptocurrencies and tokenized assets.

Russian National Detained in Greece Allegedly Connected to BTC-e

Alexander Vinnik, 38, was detained in Greece yesterday on the charges of laundering $4 billion with bitcoins. Local media reports that he might be connected to BTC-e, a cryptocurrency exchange used predominantly by the Russian-speaking community, that recently went offline.

Russia’s Bitcoin Advocate Says There Is No Sense to Adopt Cryptocurrency Legislation that Would Hinder Businesses

This spring an interdepartmental working group on cryptocurrencies in Russia has started working on a bill that would legalize cryptocurrencies in the country. There are numerous rumors and talks concerning this paper, however, nobody actually has any reliable and systematic information in this regard.

Russia Might Use Japan’s Experience in Cryptocurrency Regulation

Russia’s business ombudsman Boris Titov offered Elvira Nabiullina, the chairwoman of the country’s central bank, to use Japan’s experience in cryptocurrency regulation.

Major Russian FX Broker Alpari Launches Bitcoin Trading Pairs

Alpari Group, Russia’s largest native forex broker, has joined growing list of international derivatives markets that offer cryptocurrency trading products announcing the launch of two bitcoin trading pairs, with the company now offering BTC/USD and BTC/EUR CFDs to traders.

Russia Has No Plans to Tax Cryptocurrencies

Russian parliament plans to review a bill that legalizes cryptocurrencies this September. According to Elina Sidorenko, the head of the parliament’s working group of cryptocurrencies, the bill, however, does not include provisions as to tax regulation of virtual money.

VEB, Ethereum and BitFury to Join Russia’s First Blockchain Research Center

According to Russian state-owned news agency TASS, the country will open the first competence center for blockchain research under the auspicies of Russia’s state-owned bank VEB, as well as experts from Ethereum and Exonum, which is BitFury’s platform.

Russia Starts Developing Bills to Regulate Cryptocurrencies

Vadim Dengin, a member of the Russian parliament’s working group on cryptocurrencies, that the issue of regulating cryptocurrencies in Russia will be brought up for discussion during parliamentary hearings.

Burger King to Accept Bitcoins in Russia by the End of 2017

Russian division of popular fast food franchise Burger King has announced it is developing software to accept bitcoins. The cryptocurrency option is expected to be rolled out by the end of 2017. “The company plans to announce the winner of the tender for development of software that would enable us to accept bitcoins. The contractor […]

Cryptocurrency Boom Causes Shortage of Graphics Cards Supply in Russia

Russia is experiencing a severe shortage of graphics cards supply. As reported by Russian publication Vedomosti, computer hardware stores are nearly out of them.

Russia Wants to Introduce Mandatory Authentication of Cryptocurrency Users

Russia’s deputy minister of finance Alexei Moiseev has stated that users who conduct cryptocurrency transactions have to be identified. According to RNS, the official also believes that cryptocurrencies could be classified as “other property” as described in the country’s civil code.

Russia’s Central Bank on Bitcoin and Blockchain: We Don’t Want to be Left Behind

According to Alla Bakina, the head of the Central Bank’s department of national payments system, the regulator is working on applying financial technologies to create a national cryptocurrency and regulate other cryptocurrencies and exchange platforms.

Russian Central Bank Considers Cryptocurrency Trading at a Local Exchange

According to Sergei Shvetsov, the first deputy chairman of the Bank of Russia, a local Russian exchange may start cryptocurrency trading.

Russian Central Bank Wants to Spearhead the Blockchain Revolution

Blockchain will see mass adoption in seven to ten years at least, Deputy Chairwoman of Russian Central Bank Olga Skorobogatova believes.

No Huge Benefits from Introducing Bitcoin Insists Russian Central Bank

Elvira Nabiullina, the head of Russia’s Central Bank, says the regulator is analyzing introduction of bitcoin regulation, however, it doesn’t want to hurry things since it sees a lot of inherent risks. Speaking at the St. Petersburg International Economic Forum, she told CNBC: “We’re analyzing now this possibility and I think we should understand more […]

Russian Payments Giant Chronopay to Support Bitcoin and Blockchain Revolution

ChronoPay, one of Russia’s oldest online payments providers, is including bitcoin to its payment gateway, enabling all of its clients to accept the world’s most popular cryptocurrency.

Russian Physicists Develop the World’s First Quantum-safe Blockchain

Physicists at the Russian Quantum Center have created and tested the world’s first ‘quantum blockchain,’ an unhackable system for distributed data storage.

Russia to Consider Cryptocurrencies a Digital Commodity

According to Olga Skorobogatova, the deputy chairwoman of the Central Bank of Russia, the Bank of Russia is going to consider bitcoin and other cryptocurrencies a digital commodity.

ZrCoin CEO Hopes Blockchain Could Attract Investment to Russian Industries

ZrCoin, the first tokenized factory in Russia, has raised nearly $1.4 million from 800 investors on the first day of its ICO, with $300,000 being the highest investment. As of now, the sum of raised amounts has surpassed $1.6 million.

Russian Payments Giant QIWI Acquires Fintech Accelerator InspiRUSSIA

Russian payments service provider QIWI has purchased fintech accelerator InspiRUSSIA which mostly focuses on developing blockchain-based solutions. As reported by TASS, the amount of the deal remains undisclosed.

Russian Fitness Network Raided After It Started Accepting Bitcoin

Russian Blockchain-Oriented Farm Kolionovo Closes ICO with Over $500,000 Raised

Kolionovo Ecosystem, a project aimed at creation and a large-scale testing of the model of the local economy and raising funds for the development of real production of agricultural goods and services, announced it successfully concluded its crowdfunding campaign raising $510,533.

Russian Economist Calls Cryptocurrencies a Western Intelligence Services Project

Valentin Katasonov, a Russian economist and professor at the international finance chair at the Moscow State Institute for Foreign Relations, has claimed that Western intelligence services are behind cryptocurrencies.

Russian Copyright Holders to Create a Blockchain-based Platform for Intellectual Property Rights

A blockchain-based platform for intellectual property management first announced in Russia in late 2016 may be released by efforts of Skolkovo Foundation, banks, a handful of Russian universities and societies for collective management of rights.

Bitcoin Sales in Russia Will Not Be Subject to Licensing Obligations

According to Alexei Moiseev, deputy minister for Russia’s ministry of finance, the department has no plans to issue licenses for bitcoin sales.

Bitcoin Mining in Russia Still Might Put People in Jail

According to Elina Sidorenko, the head of Russian Central Bank’s working group on cryptocurrencies, Russian legislators intend to make mining regulation as friendly as possible, however, selling mined bitcoins still might put people to jail.

Russian Official: Blockchain as a Technology Shall Remain Beyond Regulation

According to Elina Sidorenko, the head of the Russian Central Bank’s working group on cryptocurrencies, products incorporating blockchain technology should be a part of the legal terrain, while the technology itself should remain beyond regulation.

Russia May Legalize Cryptocurrency Exchanges

The Russian parliament is preparing a bill that, if passed, may legalize e-cash and establish legal grounds to open regulated cryptocurrency exchanges, according to Elina Sidorenko, the head of the the Russian Central Bank’s working group on cryptocurrencies.

Russian Internet Ombudsman Calls Antpool’s Switch to Bitcoin Unlimited a Provocative Demarche

Russia’s internet ombudsman Dmitry Marinichev insists that the recent actions of Antpool are nothing else but a provocative demarche that only Chinese miners might find profitable.

Russia’s Party of Growth Reveals Details of Its Network Cryptocurrency Community

According to Boris Titov, the chairman of Russia’s Partiya Rosta (‘the Party of Growth’) and Russia’s business ombudsman, the network community titled People of Growth is set to unite entrepreneurs, self-employed individuals, young people and minor officials to raise funds for their business projects and make cryptocurrency investment.

Russian Farm to Issue Crypto-tokens Backed by Ducks, Geese, and Goats

Eduard Surkov’s club farm Mashkino in Central Russia has announced its plans to issue cryptocurrency tokens backed by the farm’s products, i.e. chickens, ducks, geese, lambs, and goatlings.

Bitcoin Not Threatening Financial System, Will Not be Banned Say Russian Officials

Bitcoin currently poses no risk to the Russian financial system, the country’s deputy finance minister Alexei Moiseev said.

Russian Celebrity Alexander Shulgin on Decentralization and Inevitability of a New Reality

The technological revolution including cryptocurrencies and blockchain technology is boggling the minds of the contemporaries, launching the most daring and fantastic scenarios of our civilization’s future. Talking with ForkLog, a well-known Russian visionary, composer, venture investor and founder of corporate group Familia Alexander Shulgin shared his vision of blockchain technology and the system of tomorrow’s […]

Russian Banking Association Insists Moving ‘Working’ Processes on Blockchain Makes No Sense

Elman Mekhtiyev, executive VP of the Russian Banking Association, believes that implementing blockchain in processes that are already working fine makes little sense. According to Mekhtiyev, it’s too early to say the technology would prevail until there is a particular case where blockchain is better than centralized solutions.

Russia’s Alpha Bank to Record Customer IDs on Blockchain

One of Russia’s biggest banks, Alpha Bank, has introduced a mobile app Potok that allows recording online interviews while applying for a loan. The app was created in cooperation with BlockNotary, a blockchain startup developing tools to solve problems related to compliance with KYC and AML requirements.

Russia Lacks Legal Terrain for Cryptocurrency Regulation Says Technology Advocate

Elina Sidorenko, head of Russian State Duma (Parliament) working group on assessment of cryptocurrency risks, admits there’s not much to say about legalization of cryptocurrencies die to the legal vacuum.