#regulation

The year 2015 was marked as the year of expanding obscurantism and controversies around several internet-related issues in Russia. According to one of relatively new Russian laws, the state supervising agency Roskomnadzor has the right to restrict or prohibit access to any website at its own discretion and without any court rulings. The agency was […]

Pavel Cherkashin, an angel investor and a partner at Vestor.In Partners, wrote an article for Russia’s most popular business newspaper Vedomosti. There he describes cryptocurrency in general and points out lots of its advantages as compared to the traditional banking system. Cherkashin stated that, according to expert opinions, at least 10% of the global GDP […]

Russian Internet Development Institute (IDI) offered the president Vladimir Putin a roadmap regulating implementation of blockchain technology. Moreover, the roadmap includes proposals as to crowd-funding and crowd-investment, facilitate taxation of freelancers, and withdraw limitations on anonymous payments for tax and loan purposes.

In accordance with an order by the Central Bank of Nigeria, the country’s citizens will not be able to use their plastic cards abroad. The prohibition will become effective as of January 1, 2016. It covers not only regular card transactions, but also purchasing any goods or services from foreign retailers on the internet. The […]

The motion tabled on November 25 by three European Parliament members representing a French right-wing party seeks to grant the right to the EU member states “to exercise stricter controls over all virtual currency exchange transactions and even to prohibit them”.

December 18, a draft code implying penalization of issuance and exchange of, and operation with “money surrogates”, was introduced to the Russian Parliament, the State Duma. Russian authorities were going to equal cryprocurrencies to the said surrogates, and even introduce criminal and administrative punishment for any operations related thereto.

Following the terrifying massacre and bombings in Paris last month, the French government started insisting on restricting or even banning several technologies facilitating anonymous money transfers, including digital currencies.

Interest towards blockchain in Russia continues growing, while bitcoin still faces the perspective of banning. Russian Ministry of Finance confirmed its intent to ban cryptocurrency in an exclusive comment to ForkLog.