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Smart Regulation Could Make Russia Next Major Bitcoin Market

Russia could evolve into the next major Bitcoin market, as the government continues to encourage Bitcoin mining and moves closer towards regulating its cryptocurrency exchange market.Russia’s planEarlier this week, Cointelegraph revealed that Russian President Vladimir Putin approved the launch of CryptoRuble, a cryptographically-secured state-issued national digital currency.Minister of Communi

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

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’

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Global Lawmakers Struggle with Cryptocurrency Regulation

As more nations come forward with their plans for cryptocurrency regulation, lawmakers’ varied approaches to the issue highlight the many challenges and difficulties presented by such a revolutionary new asset. Around 13 countries have now imposed their own rules or announced intention to do so. Amongst them is considerable diversity. These range from outright bans in Bolivia and Ecuador to full

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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BTC-e Fallguy Denies Wrongdoing as Trial Starts in Greece

Alexander Vinnik began his trial in a Greek court last Friday, still denying he played any part in the charge of allegedly laundering $4 bln. Russia seeks to extradite the mysterious employee of the former Russian exchange BTC-e.The collapse of BTC-e and capture of VinnikIn July, Vinnik was arrested in Greece while on holiday, at about the same time that BTC-e stated it was closed for “unschedul

Crypto Mining ”More Profitable Than Drugs and Arms Trafficking” in Russia

Mining Russian media has conducted interviews with several representatives of the country’s bitcoin mining industry. The investigation has provided unique insights into an expansive industry that penetrates all levels of Russian society, ranging “from schoolchildren to pensioners”.Also Read: Russian Government Seeks Cryptocurrency Re

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Cryptocurrency – Still a Long Journey Ahead

There still needs to be a lot of development and scaling work done in order for Ethereum and other cryptocurrencies such as Bitcoin to overtake existing financial systems, explained Ethereum co-founder Vitalik Buterin in an interview with prominent venture capital investor Naval Ravikant at the Disrupt SF 2017 conference hosted by TechCrunch.Before delving into the scalability issues of Bitcoin an

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