Tag: Russia

Russia Prepares to Test Cryptocurrencies in Four of Its Regions

Russia Prepares to Test Cryptocurrencies in Four of Its Regions The Russian Federation, which is yet to regulate digital assets, is now planning to allow four of its regions to test innovations that are not covered by its current legislation. A bill drafted by the Economy ministry envisages the establishment […]

New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia

New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia Two companies from different parts of Europe have recently announced new products that cater to the financial needs of businesses in the crypto industry. The services range from opening bank accounts to providing payment processing solutions. Developers say […]

Putin’s Order: Russia to Adopt Crypto Regulation by July

Putin’s Order: Russia to Adopt Crypto Regulation by July Russia’s President Vladimir Putin has instructed his country’s government to adopt federal laws relating to cryptocurrency by July this year. Russia has earlier broadened the definition of “digital financial assets” to include cryptocurrencies. Putin’s latest order resembles one he made regarding […]

Over 50 Bitcoin ATMs Operate Legally in Russia, Study Finds

Over 50 Bitcoin ATMs Operate Legally in Russia, Study Finds At least 51 cryptocurrency ATMs operate in compliance with the current regulations in Russia, estimates a new report. According to the study produced by the country’s crypto industry association, the average monthly turnover of each of these teller machines is […]

Clickbait Media Uses Bitcoin and Russia to Pump Headlines Again

Clickbait Media Uses Bitcoin and Russia to Pump Headlines Again In the past week or so, a number of publications, including cryptocurrency websites, but also “reputable” mainstream outlets, have given stage to a “Kremlin economist” with a bold prediction – Russia will invest billions in bitcoin to tackle U.S. sanctions, […]

Cryptocurrency Exchanges Eye Russia for Expansion Despite Sanctions

Cryptocurrency Exchanges Eye Russia for Expansion Despite Sanctions Sanctions imposed by governments as part of geopolitical struggles do not always filter through to under-regulated industries. Ambitious businesses covet every opportunity for expansion and diversification. That seems to be the reason why a growing number of crypto exchanges are turning their […]