#Russia

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 notorious court ruling as to the “eternal ban” of several Russian websites, including extremely popular BitTorrent tracker Rutracker.org, RosKomSvoboda, The Center for Protection of Digital Rights, and some activists initiated a campaign titled “The Battle of Runet”. The campaign provides for consolidation of efforts of those thinking the so-called “anti-piracy law” violates their […]

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.

DISCLAIMER: This material was written by one of our readers. ForkLog disclaims all and any responsibility related to any events or anything described therein by the writer. Following the writer’s request, we do not disclose their personal data in the site’s materials. Recently I faced an uncommon problem of helping a friend imprisoned for possession […]

A few days ago we have noticed some issues in service functioning as it became impossible to send tips via site button. Shortly after that, when we tried to log in into our ChangeTip account, we got the message that our account has been suspended. Then we contacted ChangeTip’s helpdesk and their answer was that […]

Sberbank, Russia’s biggest state-owned bank, is planning to join R3 in order to develop its services with the blockchain technology. This was announced by the bank’s deputy chairman, Leo Khasis, in an interview to Kommersant.

Alexei Savatyugin, former deputy minister for finance of Russia called cryptocurrency the biggest financial and economic breakthrough in last fifty years. He stated that in an interview to publication The Banker. In addition, he noted that there were not many revolutions of that kind in the history of the civilization.

Russian State Duma considers several draft laws providing administrative and criminal prosecution for arrangement of companies working on Ponzi schemes, which are broadly referred to in Russia as ‘financial pyramids’. An amendment to the Criminal Code establishes four years of inprisonment for distribution of any information related to such organizations.