russia

Speaking at the conference titled “Blockchain and Open Platforms” held by Bankir.ru, Olga Skorobogatova, deputy chairwoman of the Bank of Russia, told about possible development of digital national currencies and banking industry’s interest to distributed ledgers.

Alexander Bastrykin, Head of Russian Investigative Committee, claimed that cryptocurrencies may supersede real money from the market. He wrote about that in his major article on ‘hybrid war’ he believes the US wages against Russia. It was published on April 18 in Russian newspaper Kommersant.Vlast. Bastrykin writes the war has been continuing for ten years. […]

Bank of Russia concedes employing blockchain technology to de-criminalize microfinancing market and enhance its transparency, Russian publication Izvestia reported. According to the publication, earlier this February the General Prosecutor’s Office of Russia demanded that the Bank of Russia tightens control over microfinancing organizations and pawn shops. A spokesperson for the Central Bank’s working group for […]

Cryptocurrency-related news from Russia are plentiful this week following a meeting of the parliament lower chamber’s working group on digital currencies. Governmental stance towards cryptocurrencies is apparently yet to be finally determined, as there have been numerous reiterations as to future of virtual money in the world’s largest country. The notorious and ominous draft law […]

The draft law developed by Russian ministry of finance, which implies criminal punishment for issuance and turnover of crytocurrencies, will be submitted to the parliament in June at the latest, TASS reports referencing to a source in the ministry. “It will be submitted by June. The government’s instruction restrains us to June 2016,” said the […]

A filming group from Russia is heading for a eurotrip on a condition of spending bitcoins only during the journey. Alexander Bezzubtsev, the project’s manager, described the journey as follows: “We take a couple of cameras, a tripod, and microphones. We head to Vilnius via Minsk, then to Klaipeda, then Kiel on a ferry. Then […]

Russian authorities are traditionally cautious when it comes to cryptocurrencies, as they suspect virtual money may be used to finance terrorist organizations and possible rebellous activities. For that reason, the government continuously removes any possibility of anonymity in financial transactions. However, the Central Bank of Russia actively researches new technologies, including the blockchain. According to […]

Russian Ministry of Communications has prepared a draft law implying government control of internet traffic. According to the document, the authorities will be entitled to control internet traffic routes within Russia.