Report said that Russia has imported thousands of cryptocurrency mining devices amidst a massive surge in the crypto market. It has been reported by the Russian news agency Kommersant that a Senior Executive at BitRiver, the largest crypto-mining collocation services provider in Russia, claimed that a local client received over 20,000 crypto mining devices. Igor Runets, the founder and CEO of BitRiver, said that the total mining power of the imported hardware amounts to 70 MW

The Central Bank of Russia (CBR) is working to get securities trading platforms to reach the line on “risk-reduction” measures first passed in July. It has been reported that the CBR recommends securities platforms and applications have systems to “secure the impossibility of executing on-platform trades resulting in the acquisition of stocks or other securities from foreign issuers by unqualified investors,” except those approved by the CBR. However, the CBR is working to st

The Russian government is anticipating more cryptocurrencies to be issued in the local market in 2021. It has been reported that Anatoly Aksakov, a member of the Russian State Duma and a key representative of local crypto legislation efforts, said that the Duma’s Committee on Financial Markets expects Russian crypto issuance to surge after the adoption of the country’s new crypto law on January 1, 2020. Passed in July 2020, the law “On Digital Financial Assets” provides legal

VTB, Russia’s second-largest bank, has piloted a new blockchain-based system to issue bank guarantees. It has been reported that VTB provided a blockchain-enabled bank guarantee to the country’s largest mobile cellular network provider, MTS. However, as part of the development, the bank issued MTS a guarantee for the fulfillment of payment obligations worth 392 million rubles, or $5 million. The commercial operation implemented Masterchain, an Ethereum-based blockchain protot

Alfa-Bank, a private commercial bank in Russia, is exploring blockchain technology in its services for freelancers. It has been reported that the bank will use blockchain-based applications to automate services for freelancers and self-employed workers. Its new service covers the entire process of registration and remuneration for self-employed individuals, including payments settlement, income registration, and tax payments, based on Waves Enterprise’s blockchain platform. D

Sberbank, the largest state-owned bank in Russia, is working with S7 Airlines, a major domestic airline company, to introduce a blockchain-based ticket sale system, which will enable corporate clients with instant settlement through smart contracts and tokens. On August 26, it has been reported by local newspaper Kommersant that the new system is planned to roll out in September 2020. However, the report notes that this would be the first time virtual tokens are used for paym

Russia’s new crypto analytics system, named “Transparent Blockchain,” is designed to fight illicit activity related to crypto. It has been reported that Russia’s Federal Financial Monitoring Service, a federal service combating money laundering and terrorist financing, is reportedly planning to build a new analytics platform for tracking cryptocurrency transactions via artificial intelligence. However, the new system is designed to track the movement of digital financial asse

Sberbank, the largest bank in Russia, has launched its own stablecoin, shortly after Russia’s President Vladimir Putin, signed the country’s recent cryptocurrency law. On August 4, it has been reported by a local news agency Kommersant that Sergey Popov, the Director of the Transaction Business at Sberbank, says that Russia’s banking giant is thinking of issuing its own stablecoin that could be pegged one-to-one to the Russian ruble. However, according to the report, the pote

Cybersecurity firms Kaspersky Labs and other malware labs have identified an exponential rise in crypto-related scams in Russia during the first half of 2020. It has been reported that researchers identified 23,000 sites involved with crypto scams that are still online and targeting new victims. However, according to Kommersant, which cited research from Kaspersky Labs, the problem is three times greater than during the same period last year. One common example sees victims o

Russia has passed a major bill today related to cryptocurrencies that prohibits the use of cryptocurrencies like Bitcoin as a payment method. On July 22 Regnum reported that The State Duma Russia’s legislative body has passed a bill titled “On Digital Financial Assets” in its final third reading. CoinTelegraph: "Russia’s newly passed crypto bill finally provides legal status to crypto but does not allow it to be used as a payment method. pic.twitter.com/vZ43hUVWAY" #news $new

Russia’s blockchain-based voting system for the constitutional amendments had a vulnerability that made it possible to decipher votes before the official count. It has been reported by Russia-language news outlet Meduza that when the constituents casted their vote through a special website, the results would get encrypted by a JavaScript library called TweetNaCl.js. However, this is an implementation of the “Networking and Cryptography“ (NaCi), cryptography library created by

Russia’s upcoming e-voting on Vladimir Putin’s Constitutional amendments will be implemented using blockchain technology, determining Putin’s presidential fate. Moscow citizens will now be able to cast their votes via blockchain-powered e-voting. Announced on Moscow government’s official website, voters can now sign up for the upcoming e-voting starting from June 5. Открыта запись на электронное голосование по изменениям в Конституцию Подать заявку можно до 14:00 21 июня. П

A new study has revealed a significant rise in Bitcoin (BTC) trading across Russia since March amidst the COVID-19 lockdown. On June 4, it has been reported by RBC that representatives from the Russian offices of exchanges like Binance, Garantex, and EXMO, highlighted the growth in the number of users in Russia, as this number is relative to the increase in trading volumes from March until June. However, Gleb Kostarev, the head of the representative office of Binance in Russi

Russia is strengthening its leadership on LocalBitcoins, the major peer-to-peer exchange, in the share of Bitcoin (BTC) trading volumes. It has been reported by CryptoDiffer that Russia has traded the most Bitcoin on LocalBitcoins exchange for two consecutive months, April and May 2020. BITCOIN INTEREST BY GEOGRAPHY IN APRIL We took a look at the #Bitcoin $BTC #BTC trading volume by countries on @LocalBitcoins in April. Data by @Coin_Dance pic.twitter.com/KzTTmPcnqX — Crypt

Blockchain.com, a major cryptocurrency wallet and blockchain data provider, plans to support ruble (RUB), the national currency of Russia, though major exchange such as Binance has introduced the Russian ruble, there is still no law authorizing circulation of crypto in Russia. On May 20, it has been reported that Blockchain.com announced its long-term roadmap, “The next era of crypto and 1B wallets by 2030.” In a post authored by Peter Smith, the CEO and co-founder of Blockch

Olga Skorobogatova, the First Deputy Governor of Central Bank of Russia’s (CBR), has said that blockchain technology is not the “universal solution,” many promised it would be five years ago. Trent Partridge #globalcoin #facebook #crypto currency https://t.co/pY7NTZC170 — Libra Coin News – Trent Partridge (@LibraCoinNews) April 3, 2020 On April 2, it has been reported in an interview with Euromoney that Skorobogatova took a deep dive into the bank’s initiatives, sandboxes, a

The 2020 Chess Candidates Tournament in Ekaterinburg, Russia has been postponed due to the coronavirus, but organizers are already looking to the future and how blockchain can give the sport a boost. CoinTelegraph: "A new blockchain-based ‘anti-cheating engine’ will help World Chess crack down on cheats https://t.co/h6KPb59FUT" #news $news #crypto $crypto #cryptonews #cryptocurrency #cryptocurrencynews — Crypto Business (@cryptobusiness1) March 27, 2020 It has been reported

Authorities of French have charged the former operator of now-shuttered crypto exchange BTC-e accused of bitcoin laundering, Alexander Vinnik. On Jan. 28 Bloomberg reported that Vinnik’s lawyers said he will remain in France to face his charges following his recent extradition from Greece. According to an unspecified official at the prosecutor’s office, Vinnik was charged with extortion, aggravated money laundering, conspiracy and harming automatic data-processing systems. On

Mikhail Mishustin, the Prime Minister of the Russian Federation, has called on the country to prioritize the development of the digital economy. The new Prime Minister of Russia Mikhail Mishustin has asserted that the country should prioritize the development of a digital economy. #Cryptonews #Blockchain #cryptocurrency https://t.co/tpNOTXNK40 — Cryptocurry (@CryptoCurry_Now) January 17, 2020 On January 16, it has been reported by RIA Novosti, the domestic news outlet, that

The Bank of Russia, the country’s central bank, has reportedly started testing stablecoins pegged to real assets in a regulatory sandbox. Russia’s Central Bank Is Now Testing Real Asset-Pegged Stablecoins https://t.co/7FG3VJXMFD via @cointelegraph — WBF Exchange (@WBFex) December 27, 2019 On December 25, it has been reported by Interfax, a Russian news service, that Elvira Nabiullina, the head of Russia’s central bank, said that the bank does not assume that those stablecoin