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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

Russian Regulators Disagree on Crypto Regulation, Postpone to Next Year

Regulation The Russian Deputy Finance Minister told reporters on Tuesday that the authorities decided not to introduce cryptocurrency regulation for now, due to lack of consensus. This followed a day after the head of the State Duma Committee on Financial Markets stated that a draft bill on the regulatory framework for cryptocurrencies such as bitcoi

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Bitcoin Price Is ‘Like MMM Ponzi Scheme’: Russian Economic Minister

The head of Russia’s Ministry of Economic Development has compared Bitcoin to the infamous Ponzi scheme MMM.Speaking at the Federation Council, Maksim Oreshkin repeated the theme of “unqualified investors” buying into cryptocurrency being “dangerous.”“Because if you look at the dynamics of the Bitcoin price, they’re very like the price of MMM,” he said quoted by local news outlet R

Bank of Russia Opposes Cryptocurrency Legalization, Worried About ‘Loss of Control’

Regulation The head of the Central Bank of Russia has spoken against the legalization of cryptocurrency at a meeting between President Vladimir Putin and representatives of the Russian business circles and associations. Meanwhile, the finance ministry is drafting a bill to legalize cryptocurrencies such as bitcoin and regulate their circula

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Russia Blocks Crypto Exchange Debut Ahead Of Anti ‘Gold Rush’ Regulations

Russia has promised cryptocurrency regulation laws will be ready by the end of the year as the central bank head calls it a “gold rush.”Speaking at the Moscow Financial Forum, Elvira Nabiullina told reporters that so-called “money surrogates” would not feature on Russian exchanges.“The use of cryptocurrencies as money surrogates is actively presenting itself for payments of goods and ser

Russia’s Finance Ministry Drafts Law to Legalize Cryptocurrencies

Regulation Russia’s finance ministry is working on a draft bill to legalize cryptocurrencies including bitcoin, which is expected by the end of the year. Both the finance ministry and the central bank “are developing proposals on their legalization in the Russian Federation.” The Finance Minister proposes treating cryptocurrencies l

Russian Men Charged With “Illegal Banking” for Unlicensed Bitcoin Trading

Regulation Russian authorities have opened the nation’s first criminal case involving bitcoin. Russian police arrested three men for illegally trading 500 million rubles ($9 million USD) worth of bitcoin last week.Also Read: Russian Official Claims Central Bank Has Approved First Cryptocurrency ExchangeRussia Has Opened Its First Crimina

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