Russian dissident raises $3M with crypto to combat Putin
One of Vladimir Putin’s opponents has done quite well fundraising using cryptocurrencies, but will it be enough to topple the Russian strong man?
One of Vladimir Putin’s opponents has done quite well fundraising using cryptocurrencies, but will it be enough to topple the Russian strong man?
While Russia’s elite is apparently busy buying billions of dollars in cryptocurrency, other Russians decided to try and get theirs the old-fashioned way.
Binance critic, Yevgeny Devine, claimed that the cryptocurrency exchange has built its entire business on fake volumes.
The move is in response to increased sanctions against the Kremlin implemented by the U.S., but Russian President Vladimir Putin isn’t relenting.
Russian economist Vladislav Ginko claimed that some companies and wealthy individuals in Russia have bought 1.8 million BTC (about $8.6 billion).
VKontakte is making a major move and create their own cryptocurrency, but still has a lot of decisions to make about the new coin.
The State Duma, which is the lower house of parliament, unanimously voted to move the reading of new crypto laws to April.
Vinnik is seeking the extradition to his homeland of Russia for humanitarian reasons. Vinnik has filed for the extradition in a court in Piraeus, a port city in Attica, Greece.
The U.S. Treasury Department has implemented blocks against Evrofinance Mosnarbank after it was allegedly shown to support Venezuela’s Petro cryptocurrency and was the “primary international financial institution willing to finance” the coin.
The Central Bank of Russia is planning to introduce an annual limit on crypto transactions among unqualified investors, as an amendment to current draft cryptocurrency regulations making their way through the State Duma.
United Russia, the ruling party of Russia, has launched a blockchain-based electronic voting system for preliminary voting.
Russia is now only a few short months away from having crypto regulations in place, if the government can adhere to Putin’s order.