#Russia

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 […]

According to RIA Novosti, Dmitri Buyanov, eputy head of the Federal Drug Control Service of the Russian Federation, has stated that Russian drug dealers started using cryptocurrency twenty times as often during the last year.

According to Vedomosti, Russian developer company Acronis intends to integrate blockchain technology in its backup solutions. Acronis, headquartered in Singapore, develops storage and backup software solutions for international markets. According to the company’s CEO, Sergei Belousov, 3% of overall sales account for Russia, 40% for Europe, 35% for Americas, and 25% for Asia and 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 […]

Cryptocurrency exchange Bitstamp stated it is back online in Russia. According to the company’s tweet, the site is available for Russia-based users again. Effective immediately, @Bitstamp is again accessible from Russia. — Bitstamp (@Bitstamp) February 12, 2016 Nearly a month ago, in January 2016, Bitstamp’s administration announced it had temporarily blocked access to all users […]

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.

The Bank of Russia believes that emergence of blockchain-based systems for financial markets is very likely to happen in 2017 or 2018. Olga Skorobogatova, deputy chairwoman of Russian Central Bank, stated during her meeting with representatives for commercial banks: “From the regulation and financial market protection points of view, the technology will probably be used […]