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Working Group Meets to Prepare Regulations for Cryptocurrencies in Russia

A crypto working group has held its first meeting at Russia’s parliament. Its members have been tasked to put forward legislative proposals designed to comprehensively regulate cryptocurrencies and related matters…

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Illegal Crypto Miners Threatened With Jail Time in Russia

Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on…

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Russia’s Federation Council to Set Up Working Group on Crypto Regulations

The Federation Council of the Russian legislature is forming a working group expected to propose comprehensive regulations for cryptocurrencies. Officials from several ministries and government agencies, as well as members…

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British Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes

The Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report…

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Russian Parliament Sets Up Working Group on Cryptocurrency Regulations

A working group on cryptocurrencies and related activities will soon begin to meet at the State Duma, the lower house of Russian parliament. Its members are expected to take on…

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Bank of Russia Pushes to Introduce Liability for Illegal Use of Digital Assets

The monetary authority in Moscow, the Bank of Russia, wants those who use cryptocurrencies against the law to be held accountable. The financial regulator has proposed the introduction of legal…

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Digital Ruble Poses Risks to Financial Sector and Security, Russian Lawmakers Warn

Russian parliamentarians have cautioned against risks associated with the introduction of a digital ruble. Among them are the likely increase of competition pressure on banks and new challenges that may…

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Russia’s Prosecutor General Wants Cryptocurrency Recognized as Property Under Criminal Law

The Prosecutor General’s Office of Russia has proposed to define cryptocurrency as property in the country’s Criminal Code. Decentralized digital money has already been qualified as such in the provisions…

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Russian Nationalists Prepare Bill to Regulate Cryptocurrency Mining

Lawmakers from the Liberal Democratic Party of Russia are gearing up to introduce a draft law designed to regulate crypto mining. The nationalists say the legislation will benefit both Russian…

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Russia to Change 13 Laws and Codes for Digital Ruble

Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the…

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