Russia is not ready for digital currency payments, Kremlin says
A representative of President Vladimir Putin put it beyond doubt that Russia doesn’t intend to reverse the digital currency payments ban, let alone make it legal tender.
A representative of President Vladimir Putin put it beyond doubt that Russia doesn’t intend to reverse the digital currency payments ban, let alone make it legal tender.
The state-owned Sber recently rebranded from Sberbank to become a leader in technology and financial technologies, rather than solely in banking.
The man stole his friend’s block reward mining rig in February but was unable to use it due to lack of knowledge; he got three years of suspended sentence.
Seagal promoted the ICO of Bitcoiin2Gen without disclosing he was getting $1 million for his troubles. The actor agreed to pay $330,000 in fines but relocated to Russia.
Moscow police arrested Kirill Doronin on charges of allegedly defrauding $100 million from his investors, although some reports purport the figure could be over $1 billion.
The Bank of Russia recently sent a letter to stock exchanges urging them to stay away from companies that deal in digital currency-related services to protect investors.
Prosecutors are preparing to enforce powers which could see them taking control of digital currency found to have been obtained illegally or in connection with crime.
Da Vinci Capital filed the lawsuit against instant messaging company Telegram, claiming to have lost over $70 million in the project.
The reports note that some lawmakers in the country are considering revising some aspects of the payments ban including allowing digital currencies to be used as payment in domestic contracts.
The State Duma adopted a new bill that seeks to dig into aspiring public officials’ digital currency holdings in its first reading. The bill still has to go through two readings before proceeding to the upper house.
As per a new report by the country’s central bank, the digital ruble will need to be accessible both online and offline and will be easy to integrate into existing payment systems.
Federal authorities alleged that digital currencies were extensively used to facilitate payments between some of the entities, with one in particular processing 31,000 transactions worth over $3 million.