The CoinGeek Pulse: Episode 7
This week saw Russia making moves to back digital currency, bringing further developments in the legal position in the country.
Latest Russia News
Russia bans anonymous Bitcoin wallet deposits
The ban has been introduced to prevent the use of digital currency for money laundering, terrorism financing and the drugs trade.
New law gives digital currencies legal status in Russia
The bill, signed by President Vladimir Putin, bans citizens from using digital coins to pay for goods and services.
Digital currency to be ‘taxable property’ in Russia
The latest amendments mean it will no longer be an offence punishable by prison to facilitate digital currency trades in Russia.
Russia shelves criminal liabilities for digital currency users
The State Duma is reportedly seeking to abandon criminal liability for digital currency users—for now.
Russian BTC scammer pleads guilty in largest US cyber fraud case
A Russian digital currency exchange operator has pleaded guilty to his role in the operation of a credit card theft ring that led to over $2.2 billion losses.
Yet another Russian ministry criticizes digital currency ban
The Ministry of Justice is the latest to criticize a digital currency ban proposed by the central bank that would make it illegal for Russians to own Bitcoin.
Russia finally lifts ban on Telegram
After taking a hard stance against Telegram for years, the Russian government has finally lifted a ban on the app, citing its cooperation in stopping terrorism.
Russia’s Ministry for Economy: Regulate, don’t ban digital currencies
A Russian ministry has stood up for the digital currency industry against a proposed blanket ban. It urged the gov’t to consider regulating instead of banning.
‘Black’ reward miners steal $6.6M in power from Russia’s energy providers
Illegal block reward mining operations in Russia have reportedly stolen more than $6.6 million worth of electricity from energy producers.
Russian post office boss busted processing digital currency at work
A Russian post office boss has been put behind bars for allegedly processing digital currencies using work computers, reportedly causing damages worth $427.
Russian Ministry objects to Telegram ban lift as TON spins off
The federal assembly had proposed the lifting of the ban for distribution of COVID-19 info in Russia, but another ministry is opposing it.