Vladimir Putin says cryptocurrencies ‘bear high risks’
The remarks came at a time when the country's crypto regulatory framework remains underdeveloped.
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Study Finds Most Popular Cryptocurrencies With Russian Social Media Users
In a year with rising crypto prices, online chatter devoted to cryptocurrencies has increased significantly. Research carried out on Russian social media has identified the most talked about coins and…
Crypto is a hedge for 46% of Russian retail investors, survey states
Bitcoin was the most popular cryptocurrency in Russia in October, outpacing coins like Tether and Litecoin.
Annual Volume of Crypto Transactions Made by Russians Reaches $5 Billion, Bank of Russia Finds
With the growing capitalization of the crypto economy, Russians have been making crypto transactions worth billions of dollars a year, data gathered by the Central Bank of Russia shows. Russian…
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…
Russians transact $5B in crypto each year, Bank of Russia says
Though Russia has become a global leader in the crypto market, the Bank of Russia is still skeptical about Bitcoin.
Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals
China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting…
Hillary Clinton Calls on Biden Administration to Regulate Cryptocurrency — Warns of Manipulation by Russia, China
Former presidential candidate Hillary Clinton has called on the Biden administration to regulate the cryptocurrency markets. She warned that countries like Russia or China, as well as nonstate actors, could…
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…
Crypto can erode tax base, Russia’s tax boss says
The Russian State Duma approved a bill on crypto taxation in early 2021 but the bill has yet to move any further.
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