Russian Ministry of Finance has sent to the country’s government a draft federal law “On Digital Currency”, which legislatively prescribes the norms of the concept of regulating the cryptocurrency market in the country. It is planned that with successful testing, citizens will be able to invest in digital currencies in the amount of up to
Tag cryptocurrency
Russian Ministry of Finance Opposed Ban on Cryptocurrencies
According to the Director of the Financial Policy Department of the Russian Ministry of Finance, Ivan Chebeskov, the ban on operations with cryptocurrencies and mining will lead to the country lagging behind in the high-tech industry. Therefore, the Ministry of Finance advocates the regulation of cryptocurrencies instead of banning them. The director of the department
Russian Central Bank Stands for Ban on Cryptocurrencies
The Bank of Russia has unveiled proposals that would see the sale, mining, and circulation of cryptocurrencies banned as part of a radical move that finance chiefs say would protect the economy from the risks associated with digital currencies. “The growing interest of Russian citizens, a significant amount of investments and high risks of transactions
Russian Central Bank Opposed Use of Bitcoin in the Country
The Central Bank of Russia opposes the use of bitcoin as a means of payment for settlements within the country, according to the Chairman of the bank, Elvira Nabiullina, who also added that, in general, the organization sees no harm in digital currencies, except in cases when they are “used for questionable transactions.” Nabiullina stressed
Russia International | Economics | 18.10.21
Russia Occupied Third Place in Bitcoin Global Mining Rates
Russia is now ranked as the world’s third-biggest bitcoin miner, with the country being responsible for 11.23 per cent of the global “hash rate”, according to the University of Cambridge statistics. The first place in the rating is taken by the US, which accounted for 35.4 per cent of the world’s bitcoin mining power and
Kremlin Spokesman: Russia is Not Ready to Recognize Cryptocurrencies
Russia is not ready to recognize cryptocurrencies, as equating cryptocurrency with money would harm the country’s financial system, as stated by the Press Secretary of the Russian President, Dmitry Peskov, RT reports. “It is certain that Russia is not ready for such steps. So far there is not the slightest reason to [recognize cryptocurrencies],” Peskov
So What About Cryptocurrencies? – Analytics by Paul Goncharoff
Just before this weekend, at a lovely outdoor cafe near Metro Novoslobodskaya, I breakfasted with a very respected, rather well heeled, low-key Russian crypto-nerd/financial maven (we’ll call him Slava). This Moscow breakfast consisted of coffee, cigars and herring. I opted for a croissant, but there is no telling where tastes can run for some. The
Russian Central Bank to Test Digital Ruble Prototype
The Central Bank of Russia will create a prototype of the digital ruble by the end of this year and will devote the next year to testing it with banks, Forbes reports. According to the First Deputy Chairman of the Central Bank, Olga Skorobogatova, Russians will be able to transfer digital rubles to each other
Expert’s Opinion: The Sanctions Season Serial, and What If? – Paul Goncharoff
Among woke movers and shakers of the worldbeating ‘sanctions set’ spring has truly arrived! Hormones get overactive prompting some to get on the streets to raise property damage insurance premiums or to diplomatically ‘grow a pair’ through still more sanctions against foreign peoples, especially if they want to raise money in the sovereign debt markets.
Experts Named Most Popular Cryptocurrencies Among Russians
The most popular cryptocurrencies among Russians, in addition to Bitcoin (BTC), are Ethereum (ETH) and Tether (USDT), RIA News reports, referring to experts in the cryptocurrency market. According to a representative of the Garantex cryptocurrency exchange, Tatyana Maksimenko, Bitcoin and Ethereum are considered as a means of investment, while Stablecoin USDT is mostly taken as
Cryptocurrency Payments Banned in Russia
Russian President, Vladimir Putin, signed a law that prohibits the use of cryptocurrencies in Russia to pay for goods and services. In addition, definitions were given to the concepts of “digital financial assets” (DFA) and “digital currency”, the official portal of legal information reported. It is noted that digital currency can be accepted as a
