Russia

Regulation

Russian Public Officials Banned From Holding Cryptocurrency

Russian government officials must dispose of any digital asset holdings before April 1.

Policy & regulation  ·  25 January 2021
Russia

Russia’s Sber Bank Files to Launch Its Own Stablecoin

Russia's largest retail bank has applied to become a licensed digital assets issuer.

News  ·  22 January 2021
Regulation

Russian Court Takes Crypto Exchange Binance off Website Blacklist

A court in the Arkhangelsk region ruled last summer Binance should be blocked, but the exchange wasn't notified until months later.

Policy & regulation  ·  21 January 2021
Russia

Russian Oil Drilling Giant Opens a Crypto Mining Farm Run on Gas Energy

A unit of oil and gas giant Gazprom has opened a mining venue on an oil drilling site using gas produced as a byproduct to produce electricity.

News  ·  30 December 2020
Russia

Crypto Exchange Livecoin Begs Users to Stop Trading After Losing Control of Servers

Livecoin asked clients to stop making deposits and trading after suffering a "carefully planned attack."

News  ·  24 December 2020
Regulation

Bank of Russia Chair: Digital Ruble Is No Threat to Banks

Russian banks are concerned the digital ruble might hurt their business, but the Bank of Russia is nonchalant

Policy & regulation  ·  21 December 2020
Crime

Bitcoin Scam Using Unauthorized Celebrity Images in Ads Traced to Moscow: Report

A Guardian Australia investigation traced the source of a major crypto scam using Google ads to addresses in Moscow.

Policy & regulation  ·  16 December 2020
Regulation

Putin Orders Russia’s Public Officials to Report Crypto Holdings

Russian civil servants must start reporting their crypto assets as the country's first crypto law comes into force in January.

Policy & regulation  ·  11 December 2020
Russia

Russia’s Crypto Community Fears Digital Ruble Plan Means ‘Back to USSR’

A Russian cryptocurrency and blockchain association warns the Bank of Russia against centralizing the digital ruble.

News  ·  4 December 2020
Russia

Ruble or Rubble? Russian Institutions Have Concerns About Proposed CBDC

Russian banks and financial brokers are worried the digital ruble will be a burden for them.

Policy & regulation  ·  1 December 2020
Russia

Bank of Russia Fields Banking Industry Concerns Over Digital Ruble Proposal

Russian banks fear being left out of the central bank's proposed digital currency system, according to a report.

Policy & regulation  ·  27 November 2020
Russia

Russian Prime Minister Pledges to ‘Civilize’ Crypto Market and Prevent Scams

Changes to the law will bring Russia's crypto users more protections against fraud, said Mikhail Mishustin.

Policy & regulation  ·  26 November 2020
Russia

Russian Hospitalized After Bitcoin Mining Farm Sets Apartment on Fire

A poorly managed mining farm in St. Petersburg, Russia, set an apartment on fire and injured the operator, according to a report.

News  ·  25 November 2020
Regulation

Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting

Russia's Ministry of Finance has proposed legal amendments that would relax planned tax requirements for crypto holders, if passed.

Policy & regulation  ·  12 November 2020
Russia

Russian Hydropower Giant Opens Bitcoin Mining Farm

En+, one of the world's largest energy producers, is joining forces with crypto firm BitRiver to open new mining farms in Russia.

Business  ·  5 November 2020