Auto Added by WPeMatico

Bank of Russia Sees No Place for Crypto in Financial Market, Finalizes Digital Ruble Prototype

In advance of presenting its comprehensive view on crypto regulations, the Central Bank of Russia has indicated that it sees no place for cryptocurrencies in the country’s financial market. The…

Continue ReadingBank of Russia Sees No Place for Crypto in Financial Market, Finalizes Digital Ruble Prototype

Russians Have Invested Over $67 Billion in Cryptocurrency, Lawmaker Reveals

Interest in cryptocurrencies has been growing in Russia, not least among non-qualified investors. According to recently quoted estimates, Russians have already put more than $67 billion into the crypto market,…

Continue ReadingRussians Have Invested Over $67 Billion in Cryptocurrency, Lawmaker Reveals

Bank of Russia Has Tools to Restrict Crypto Investments, Governor Hints

The Central Bank of Russia has reaffirmed its opposition to cryptocurrency investments citing the volatility of the digital assets as a key motive for its conservative stance. Governor Elvira Nabiullina…

Continue ReadingBank of Russia Has Tools to Restrict Crypto Investments, Governor Hints

Demand for Mining Hardware Spikes in Russia, Prices Rise

The market for crypto mining equipment in Russia has seen strong interest from buyers of both new and used devices, retail data indicates. This year, demand for application-specific integrated circuit…

Continue ReadingDemand for Mining Hardware Spikes in Russia, Prices Rise

Russia to Decide Between Full Ban and Legalization of Crypto Investments, Trade

Authorities in Russia are discussing two very different approaches to the regulation of cryptocurrencies and related activities. While the Bank of Russia is reportedly seeking to introduce a ban on…

Continue ReadingRussia to Decide Between Full Ban and Legalization of Crypto Investments, Trade

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…

Continue ReadingIllegal Crypto Miners Threatened With Jail Time in Russia