#regulation

These days the Finnish bitcoin scene mostly remains in the shadows, with only occasional news and a few startups being known to community. However, thanks to favourable bitcoin regulation and early bitcoin adoption, the homeland of Nokia can be also a great starting point for cryptobusinesses. We tried to figure out what’s happening in this […]

Andrei Lugovoy, deputy chairman of the Russian parliament’s committee on security and anti-corruption stated he stands against complete ban of cryptocurrencies in Russia, as the country’s ministry of finance and investigative committee demand.

According to Rospatent, Russian patent bureau, a few days ago Moscow-based M-Group LLC failed to register “Bitcoin” as a brand. The company’s application required to register the trademark for classes 38 and 36 (telecom and financial operations respectively) of the International Classification of Goods and Services. Rospatent rejected to register the trademark as “the provided […]

March 10, Russian ministry of finance proposed to introduce up to seven years of imprisonment as a punishment for issuance and usage of money surrogates, including Bitcoin and other cryptocurrencies. ForkLog most certainly recalled QIWI’s project BitRuble, which at first thought is definitely subject to the law in question.

Russian ministry of finance proposes to introduce a punishment of seven year-long imprisonment for issuance of money surrogates including cryptocurrencies, Interfax reported with a reference to the agency’s sources in the ministry. The notification as to preparation of relevant amendments to the Criminal Code of Russia was published on March 10 on a site dedicated […]

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 […]

The week was marked by cryptocalypse in Russia, which had uncovered bitcoin’s cunning plans to demolish the country’s financial system; continuing scalability debates; a Ukrainian breakthrough in blockchain applications; and many more. Bitcoin Price During last seven days, bitcoin did its best to keep with the best traditions of volatility. It managed to solidify its […]

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 […]