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Despite Regulation, Russians Plan to Build Europe’s Largest Mining Farms

Featured Undeterred by upcoming federal restrictions on Bitcoin, regional authorities in Moscow have announced intentions to attract European mining companies and investors. Cheap electricity and developed infrastructure will provide the incentives and more than 150 mining farms in the metro area are taking advantage of them already. A Russian compan

South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions

Economy & Regulation South Korea’s top financial regulators have clarified their position following reports by local media that they have been considering a possible ban on all cryptocurrency transactions, particularly bitcoin.Also read: Russian Presidential Candidate: ‘We Will Legalize Bitcoin and Other Cryptocurrencies’Regulators Dis

Venezuela Announces the Creation of Oil-Backed National Cryptocurrency – the Petro

News Venezuela’s president Nicolás Maduro has announced the creation of the country’s national cryptocurrency. It will be called the Petro and will be backed by the nation’s oil, gold, gas, and diamond reserves.Also read: Japan Increases Lead – Approves Another Four New Cryptocurrency ExchangesVenezuela’s National CryptocurrencyVenezu

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

India Central Banker Doubles-Down on Suppressing Bitcoin

Featured S Ganesh Kumar, Executive Director at the Reserve Bank of India, answering audience questions during a conference, continued the government’s official hostility toward the world’s most popular cryptocurrency. He signalled India’s unwillingness to formally allow bitcoin use in the country, but did reserve judgement on blockchain technol

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India’s Bitcoin Party to End Early?

S. Ganesh Kumar, a director of the Reserve Bank of India, seems to have put an end to debate over cryptocurrency’s future in the country. Speaking on Monday, he said that virtual currencies would not be allowed for use as a means of payment or settlement in India. Although this is not an immediate ban, the outlook certainly does not look good for Bitcoin in the planet’s second most populated c

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

Russia’s Capital Discusses Issuing Moscowcoin Cryptocurrency

News As the work on Russia’s national cryptocurrency is underway, the city of Moscow is discussing issuing its own cryptocurrency, the Moscowcoin. This will be possible after the legal framework of cryptocurrencies is established for the whole federation, city officials explained.Also read:Putin Orders the Issue of Russia’s National Cryptocurrenc

Russian Businesses Urge Government to Approve Only Domestic Cryptocurrencies

Regulation One of Russia’s leading public associations of entrepreneurs has sent a proposal to their government asking them to approve only domestic cryptocurrencies in their upcoming cryptocurrency legislation.Also read: Putin Orders the Issue of Russia’s National Cryptocurrency – the CryptorubleProposal to GovernmentState Duma Building.T

Putin Orders the Issue of Russia’s National Cryptocurrency – the Cryptoruble

News Russia’s president Vladimir Putin has reportedly ordered the issue of the national cryptocurrency, the “cryptoruble.” The Russian Minister of Communications and Mass Media has revealed some details of this new currency.Also read: Putin Confirms Russia Will Regulate CryptocurrenciesPutin’s Executive OrderNikolay Nikiforov.Russia’s

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