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Russian gov’t and central bank agree to treat Bitcoin as currency
Cryptocurrency transactions of more than 600,000 rubles (roughly $8,000) will have to be declared or be considered a criminal act.
Simple math says Russia could collect up to $13B in crypto tax each year
The analytic note mentioned that the estimates are purely an overview and based on a basic tax slab of 6%, which would be quite different once regulations are set in…
Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report
Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While…
Russian central bank registers nation’s first digital asset manager
In late 2021, Bank of Russia deputy governor claimed the bank would allow crypto investment only via foreign firms.
Russians Own $215 Billion in Crypto Suggests Estimate Attributed to Government
Russians may own more cryptocurrency than previously thought, a new estimate reportedly used by the government has indicated. The quoted figure amounts to over a tenth of the global holdings…
Russia houses $200B worth of crypto, Kremlin estimates
According to data from TASS news services, Russians owned nearly 5 trillion rubles worth of cryptocurrencies by December 2021.
Law Decoded: Russia flounders, America competes, IMF keeps fuming, Jan. 24–31
Uncertainty about crypto regulation can engender internal disagreement even within seemingly monolithic governments.
Russian Investors to Pass Exams Before Buying Cryptocurrencies, Draft Law Suggests
A new Russian law may oblige potential crypto investors to take a test before being allowed to purchase digital assets over a certain limit. The authors are also hoping to…
Russians Aware of Bitcoin Divided on Proposed Crypto Ban, Poll Finds
A new survey has indicated that Russians who have heard about cryptocurrency are deeply divided in their opinions on the recently suggested ban on operations with digital assets. A third…
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