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.
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.
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.
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.
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 company BBFpro had two dozens of Bitcoin ATMs confiscated by law enforcement with no explanations or advance inquiry from the prosecutors.
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.
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.
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.
The court in Greek city of Thessaloniki agreed on Friday to extradite a Russian cybercrime suspect and alleged BTC-e exchange operator Alexander Vinnik to France.
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.
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.