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UK: Bank of England Researching Digital Currency, No Plans To Launch

Despite rumours to the contrary, the UK government have announced that they will not be following the likes of Venezuela in launching their own digital currency for now. Whilst the Bank of England are indeed studying the implications of centrally-issued electronic currency, a government minister has stated that there are no plans in the immediate future to launch their own.Government Respond to Op

Centralized Cryptoruble Not Possible, Minister Tells Putin

Blockchain The Russian Ministry of Finance is not against a national cryptocurrency, provided the state does not participate in it. The creation of a centralized coin, like the cryptoruble, seems impossible, as cryptocurrencies are based on decentralized ledgers, Finance Minister Anton Siluanov told President Putin, according to Russian media.  

Russian Lawmaker Proposes Legalization of Cryptocurrencies to Attract Investments

Regulation The head of the Russian State Duma Committee for Economic Policy has proposed legalizing cryptocurrencies in order to attract foreign investments including from countries with anti-Russian sanctions.Also read: Indians Look to Buy Bitcoin Overseas as Regulations TightenProposal to Legalize CryptocurrenciesThe chairman of the State Duma

Five Siberian Power Plants Attracting Crypto Miners With Surplus Electricity

Mining Cryptocurrency miners will soon be able to benefit from surplus electricity and the cold climate at five power plants located in Siberia. Russian energy company En+, which owns those power plants, is already in talks with investors to build crypto mining farms near them.Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 C

Russia Drafts Bill to Accredit ICO Issuers – Public Comments Wanted

Regulation The Russian government is drafting a bill to introduce the accreditation of initial coin offering issuers. Accredited organizations must comply with a set of rules, including having 100 million rubles capital, and are subject to inspections every three years. The regulators are currently accepting public comments on the proposal.Also read:

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Russia: Ministry of Communications Requires ICO Issuers To Have $1.7 Mln Nominal Capital

Russia’s Ministry of Communications and Mass Media (Minkomsvyaz) has published a document establishing the licensing rules for ICO projects, Forklog news outlet reported Monday, Feb. 12.Some of the key requirements presented to digital token issuers require nominal capital of about 100 mln rubles - approximately equal to $1.7 mln - and a license for the development, production, and issuance of t

Chechnya Leader Kadyrov Buys Bitcoin to Follow Evolution

Economy & Regulation Striving to keep up with development, the president of Chechnya Ramzan Kadyrov has bought himself some bitcoins. The outspoken strongman of the once restive Russian republic has bragged about the purchase on social media. Whether that means “yes” to cryptocurrency in the Caucasus is ultimately up to Moscow. Nevertheless,

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Suicide Hotline Opens in Moscow for Cryptocurrency Traders

One of the golden rules of investing in anything is not to sink more money into it than you can afford to lose. This has never been more important than it is with cryptocurrency. The huge price volatility and lack of historical precedent within the market makes it a potentially dangerous space for those unfamiliar with high risk investments. After the enormous run up in the price of Bitcoin and ot

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Regulated, Government Issued Cryptos to Challenge Bitcoin in 2018

Calls for cryptocurrency regulation were a resounding theme at the World Economic Forum in Davos last week.The world’s most prominent financial institutions remain wary of going all in on cryptocurrencies, amid fears of future regulation leading the market to tank.Governments around the world have signaled their ongoing or imminent intent to legislate and regulate cryptocurrencies around the wor

Russia’s Longest-Serving Finance Minister Backs Crypto “Self-Regulation”

Economy & Regulation Former Russian Finance Minister Alexei Kudrin favors “self-regulation” in the cryptocurrency sector. He believes it will be more effective, at this early stage, than any imposed regulations. Others have expressed similar views about the currently proposed regime. Kudrin shared his opinion on social media, commenting on th

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