Bank of Russia bans mutual funds from investing in digital currencies
The Russian central bank had previously suggested that mutual funds should stay away from digital currencies, but has now made it an official prohibition.
The Russian central bank had previously suggested that mutual funds should stay away from digital currencies, but has now made it an official prohibition.
The Russian tax agency is concerned with tax evasion through digital currencies, but warned that it can still track evaders as they leave a digital footprint.
Suex OTC, EggChange, Buy-bitcoin.pro., and CashBank are the four companies which experts said have been laundering money through ransomware-related activity in Vostok.
The Russian digital currency market is worth 20–40 trillion rubles, based on insights such as local cash flows related to services like block reward mining, according to a local executive.
Tinkoff, through its brokerage arm Tink off investments, is considering several projects in and around digital currency, including the provision of Bitcoin services.
The Russian government hasn't placed a total ban on digital currency in the country, but they have yet to accept it as a legal tender.
Russia’s energy minister has proposed changes that could see block reward miners pay more for electricity than households as the industry grows rapidly.
According to Russia's deputy finance minister, citizens can still buy and trade BTC, unlike in China, but the ban on digital currency payments remains in effect.
The State Duma in Russia is weighing a law that would limit digital currency purchases by non-accredited investors as it seeks to enhance investor protection.
The Russian post office is exploring a blockchain-based system that aims at curbing the loss of parcels, and it plans on investing $525 million if the pilot pans out.
The U.S. government has issued a fresh round of sanctions as it cracks down on ransomware, including against a Russian exchange tied to ransomware payments.
The measures were designed to protect unsuspecting investors and to avoid the risks of the digital currency market crashing to zero, according to Deputy Governor Sergey Shvetsov.