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The central bank of Russia has now decided to take a highly unfavorable approach against the cryptocurrency industry, with new reports indicating that the organization wants to prohibit local investors…
Russia’s central bank intends to prohibit mutual funds from acquiring crypto assets or related financial instruments. The proposal, which is in line with its hard line stance on decentralized digital…
Mutual funds in Russia will not be allowed to provide crypto exposure to qualified or unqualified investors.
The central bank of Russia intends to ensure that the digital ruble is convertible to foreign currencies and can be used by non-residents. In a document devoted to the digitalization…
A Russian power utility has found a way to increase electricity prices for consumers mining cryptocurrency using household electricity. The regional distribution company has taken dozens of amateur miners to…
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…
The Prosecutor General’s Office of the Russian Federation has insisted that the term “cryptocurrency” should be added to the country’s legislation. The move would allow authorities in Moscow to confiscate…
What is the future of cryptocurrencies in Russia, and can a digital ruble really be introduced in the coming years?
Russia’s central bank has voiced opposition to the provision of financial services related to cryptocurrencies. The monetary authority believes such offerings would go against the interests of Russian investors as…
State-owned bank Sber is trying to launch digital asset tools, but regulators remain skeptical about the industry.