Russian Cryptocurrency News

Russian crypto miners could be hit by the looming semiconductor shortfall per a new report as chipmakers warn of a sharp drop in production rates. Anatoly Aksakov a key member of the Russian State Duma and the head of the financial markets committee mentioned in a statement that the cryptocurrency issuance in Russia will surge after January 1 2021 due to the implementation of the Digital Financial Assets Act.

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Russian news site RBC reported yesterday that the number of registered traders in April was double the number in December last year.

Russian cryptocurrency news. Russias Ministry of Finance has drafted a bill with harsh penalties for anyone who does not report their cryptocurrency holdings above a certain level. Russian Blockchain and Cryptocurrency News Round-Up. RUSSIA could become the first country to make its entire currency digital as cryptocurrency booms.

According to a report published in the Parliamentary Gazette the Russian. When asked by state-operated news agency RIA the central bank offered the opinion that private cryptocurrencies. The Bank of Russia has backed a potential ban on cryptocurrency payments.

Russian Prosecutor General Igor Krasnov claimed that the government is now developing a set of amendments to the countrys criminal code to allow authorities to seize crypto obtained from illegal activity local news agency TASS reported. Colin Harper Publish date. The new law gives legal status to cryptocurrency but prohibits its use for payments of goods and services.

Representatives of various Russian based crypto exchanges have revealed that a significant rise in cryptocurrency activity and trading has been seen in the country during the coronavirus lockdown. It legalizes cryptocurrency but prohibits its use for payments. Here are some of the top stories from the blockchain and cryptocurrency space in Russia over the past week.

According to a senior official Russian lawmakers are working on new legislation that would empower the government to seize cryptocurrency. Russian President Vladimir Putin signed the bill on digital financial assets into law in July which will go into effect in January. Bitsmedia is one of the first Russian-language informational sites and cryptocurrency forumsIt was founded in 2011 when the Bitcoin and cryptocurrency community was just born in Russia.

It has become one of the leading specialized news and analytical websites about cryptocurrency and blockchain in Runet. While Russian lawmakers are considering restrictive crypto regulations a Switzerland-registered subsidiary of Rusian state-owned Gazprombank starts offering crypto trading and custody services. Consumer electronics brands such as South Koreas Samsung and LG have joined an increasingly.

In April of that year the Supreme Court of the Russian Federation overturned a decision to block the Bitcoininforu portal. According to the news outlet Roskomnadzors action is not related to the crypto regulation recently signed into law by President Vladimir Putin which will enter into force on Jan. The Russian Foreign Minister Sergei Lavrov has stated at the Primakov Readings Forum that cryptocurrencies could play a critical role in international settlement deals.

Russian crypto supporters are already working with a consortium that includes some of Chinas top crypto mining businesses. In the midst of Chinas crypto mining crackdown a major cryptocurrency and blockchain group in Russia is launching an initiative to lure worldwide crypto mining companies to the nation. Russias Prosecutor-General Igor Krasnov has claimed that.

Penalties include jail terms and fines. With notes from Evgeny Korolev. The chairman of the Russian State Duma Committee on Financial Markets has confirmed that the bill which provides the regulatory framework for cryptocurrencies in Russia.

The comments came in the context of the Ministers speech where he clarified that Moscow does not plan to abandon the US dollar completely. In May 2019 Roskomnadzor was. Russian cryptocurrency regulations will be in three tiers.

Discussions are underway about the launch of the digital ruble with local banks and the countrys financial watchdog has reportedly said it. Investigating the stories flying under the radar of todays crypto news. News research analyses prices or other information contained on this website by FXStreet its employees partners or contributors.

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Russian Cryptocurrency News

Russian news site RBC reported yesterday that the number of registered traders in April was double the number in December last year.

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