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Bitcoin Will Be Legal In Russia, Mining to Be Regulated

As Russian works on legislation on the trade of Bitcoin and other cryptocurrencies, there’s a possibility that mining could be criminalized.Not in the straightforward sense, according to deputy finance minister Aleksey Moiseev as quoted by RT:"The penalties will be different, mostly administrative, but if someone created the cryptocurrency for the purpose of settlements, then there will be a cri

Bitcoin ATMs Prompt Audit From Prosecutor’s Office of Russian Republic

Regulation In Tatarstan, a republic of the Russian Federation, the prosecutor’s office has “warned [a] businessman against violation of the law in connection with [his] installation of terminals for the exchange of cryptocurrencies.” The cryptocurrency ATMs in question had been installed in Kazan, the republic’s capital.Also Read: Exchan

Russian Minister States Cryptocurrencies Will Not Be Legally Recognized in Russia

Mining The Russian Minister of Communications and Mass Media, Nikolai Nikiforov, has expressed his belief that bitcoin will not be legally recognized as a means of payment in the Russian Federation. Despite the statements, Russia still appears poised to make a bid for global dominance in the cryptocurrency mining industry.Also Read: Russia Unvei

High Demand Prompts Japanese Bitcoin Exchange to Seek Partner in Russia

News A major Japanese bitcoin exchange is looking to enter the Russian cryptocurrency market and is seeking a local partner. The exchange’s CEO says “demand is huge” and urges Russia to look at Japan as a model for cryptocurrency regulations.Also read: Sberbank Apologizes for Buying Nearly All Graphics Cards on the Russian MarketJapanese E

Putin Advisor Bearish on Bitcoin: ”The Cryptoruble Must Compete With Cash”

News Russia’s deputy finance minister has suggested that the name of the country’s national cryptocurrency should be changed from “cryptoruble” to “cyber-ruble”.  He is expecting “a large-scale correction” of bitcoin’s price and hopes to see a decline in interest in the cryptocurrency. Meanwhile, the first proposal for the cryp

Putin Mandates Cryptocurrency and ICO Regulation Be Finalized by July 2018

Regulation Russia’s president Vladimir Putin has issued orders pertaining to the regulation of cryptocurrencies, initial coin offerings (ICO), and cryptocurrency mining. He wants changes made to the Russian legislation to regulate cryptocurrencies and tokens. Mining operations will also be registered and taxed. The prime minister and the central ba

Russian Regulators Think They Found a Way to Find, Tax, and License Crypto Miners

Mining Russia’s regulators have revealed how they plan to find and tax cryptocurrency miners as well as license them. This follows their meeting with Russia’s President Vladimir Putin. At the meeting, they agreed to regulate cryptocurrency mining, alongside cryptocurrencies themselves including bitcoin. Last week, the finance ministry propos

Putin Confirms Russia Will Regulate Cryptocurrencies

Regulation Following the meeting with Vladimir Putin, Russian regulators announced that cryptocurrencies will officially be regulated in Russia. The central bank and the finance ministry will now work together to come up with one draft law to provide a basic regulatory framework for cryptocurrencies including bitcoin, which is expected by the year’

Government Head of IT Department Fired for Mining Bitcoin Using State-Owned Computers in Crimea

Mining Two government officials of the Crimean Council of Ministers were caught mining bitcoin using government computers and were subsequently fired. They reportedly installed “malicious software” on the government’s server and programmed over a dozen computers to mine bitcoin.Also read: Russia Proposes Adding Cryptocurrency to the Popula

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Russia’s Deputy Finance Minister Moiseev Claims Bitcoin Payments Will be Banned Shortly

Not a week goes by without conflicting reports regarding Russia’s stance on cryptocurrency. The most recent statement by deputy finance minister Alexey Moiseev has the community riled up again. More specifically, he claims cryptocurrency payments will be prohibited in the country soon. That seems a bit strange, considering the country is warming up to Bitcoin. Moreover, some of the nation’s la

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