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Fitch says proposed Russia crypto ban eases risks but curbs innovation
Russia's retail cryptocurrency operations currently stand at about $5 billion per year.
Putin Urges Government, Central Bank to Reach Consensus on Crypto, Highlights Russia’s Mining Potential
President Vladimir Putin has joined the debate on the future of cryptocurrencies in Russia, calling on the government and central bank to work out a common position on their regulation.…
Central bank overkill: Russia’s proposed crypto ban and why everyone’s against it
The harsh language of the CBR’s report sent waves of panic, but now it seems that the regulator might have few allies in the government.
Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power
The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region.…
Ban less likely? Putin says crypto mining has advantages in Russia
Putin says that a surplus of electricity and well-trained personnel gives Russia a “competitive advantage” in crypto mining.
Belarus to Remain Crypto-Friendly as Ally Russia Mulls Blanket Ban
Authorities in Belarus have no intentions to adopt stricter rules for the country’s crypto space. That’s despite neighboring Russia, a close partner in many areas, considering a blanket ban on…
Crypto Ban Proposed by Bank of Russia Met With Opposition in Parliament, Government
The central bank’s push for a restrictive policy regarding cryptocurrencies is not gaining support among members of the Russian government, legislature, or law enforcement. A blanket crypto ban, as proposed…
Russian finance ministry official calls for crypto regulation, not restriction
Russian Finance Ministry official Ivan Chebeskov has opposed the proposed ban of cryptocurrency operations in Russia.
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