Russia Central Bank Head: Cryptocurrency Craze Is ‘Fortunately Fading Away’

The head of Russia’s central bank has announced the “cryptocurrency craze” is “starting to fade away” – and that this is a “fortunate” event. Nabiullina: Businesses Taking ‘Sober Approach’ To Blockchain Speaking during the country’s fourth FINOPOLIS innovative financial technology forum in Sochi October 17, Bank of Russia’s Elvira Nabiullina signaled a change in the […]

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Bitcoin Fraud Suspect Alexander Vinnik Extradited To Russia

Greece’s Supreme Court has approved the extradition of Alexander Vinnik to Russia. Some think he might also have valuable information for U.S. Special Counsel Robert Mueller as he investigates alleged Russian election meddling. Alexander Vinnik was once a man with two lives. He was said to be one of the people behind the BTC-e exchange. He […]

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Russia Developing Cryptocurrency Tracker – Bitcoinist.com

The Federal Financial Monitoring Service of Russia (Rosfinmonitoring) has commissioned an analytical tool for monitoring cryptocurrency transactions. The system will particularly focus on bitcoin, as reported by BBC’s Russian service. Plug In, Baby Rosfinmonitoring, whose responsibilities include countering financial fraud and terrorist financing, already use a bespoke Unified Information System. This allows for the input […]

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QIWI Payment Network CTO ‘Mined 500,000 Bitcoins’ In 2011 Before Losing Them

The former CTO of Russian electronic wallet and payment network QIWI once had a personal wealth of half a million bitcoins — but lost them. 3 Months, 4.1 Billion USD The extraordinary claims came to light as part of an interview with CEO Sergey Solonin, who told the audience during a Moscow lecture on July 25 […]

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Russia: Cryptocurrency Users Must Calculate Own Tax

Wilma Woo · June 7, 2018 · 5:00 pm Russian citizens will have to compute their own tax obligations from cryptocurrency trading, the head of the country’s tax office said on June 6.  Cryptocurrency Trading Is ‘Excess Income’ In a document originally compiled last month,  Alexey Sazanov, director of the Russian Ministry of Finance’s tax […]

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Russia: Court Rules Bitcoin Is Property In Landmark Bankruptcy Case

Wilma Woo · May 8, 2018 · 7:00 am Russia classified cryptocurrency as property for the first time May 7 after a bankruptcy court forced a debtor to include his holdings in his personal wealth. Moscow Court Demands Access To $1850 In BTC As local news outlet RBC reports, the Ninth Arbitration Court of Appeal […]

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Russia Targets Another Messaging App, May Ban Viber

Osato Avan-Nomayo · May 4, 2018 · 10:00 am Nikolai Nikiforov, the Russian Communications Minister, has said the government might ban Viber the same way it did Telegram. According to the minister, failure to comply with the request by the Federal Security Service (FSB) for encryption keys could see the app banned in the country. […]

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Russia Is Spearheading Global ICO Regulations But Can It Ever Work?

Samuel Rae · December 1, 2017 · 1:45 pm The Russian Association of Blockchain and Cryptocurrency is trying to establish a network of regulators for the ICO space but – whatever they achieve – doubts remain as to whether it can ever be totally effective. The part that various global nations will play in the […]

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