Finance

Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT

Coins Legend June 4, 2022 0

Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, which is unavailable for some Russian banks.

News

Russian Appellate Court Cancels Decision to Block Tor Project’s Website

Coins Legend May 22, 2022 0

A court of appeals in Russia has overturned a ruling by a regional court which allowed the blocking of the Tor Project’s website in the country. Due to violations during the initial proceedings, the case has been returned to the court of the first instance for another review. Roskomsvoboda Helps Cancel the Blocking of Tor […]

Regulation

Draft Law About NFTs Submitted to Russian Parliament

Coins Legend May 21, 2022 0

Lawmakers have filed a bill with the State Duma aimed at introducing the term NFTs to Russian legislation. The authors of the draft say the rights of those who own non-fungible tokens need to be protected as Russians are currently dealing with NFTs at their own risk. Russian Deputies Propose Amendments Legally Defining NFTs Members […]

News

Anonymous Allegedly Hacks Sberbank, Russia’s Largest Bank

Coins Legend May 20, 2022 0

Hacktivist collective Anonymous has allegedly breached the systems of one of the largest financial institutions in Russia, Sberbank. The attackers announced on social media they have published thousands of emails, phone numbers, and addresses. Anonymous Hackers Reportedly Gain Access to Sberbank Database Decentralized hacking group Anonymous claims to have hacked Sberbank.

Regulation

Trade Minister Expects Russia to Legalize Cryptocurrency

Coins Legend May 19, 2022 0

Cryptocurrencies will be eventually legalized, a member of the Russian government has opined. The question is when this will happen, Trade Minister Denis Manturov stated as new crypto-related legislation advanced in the State Duma this week. Crypto Legalization Is Current Trend, Russian Minister Acknowledges Cryptocurrency can be legalized in the Russian Federation,

Finance

Russia’s First Digital Financial Assets Expected This Year, Lawmaker Says

Coins Legend May 18, 2022 0

The first digital financial assets based on Russian blockchains may be issued as early as this year, a high-ranking parliamentarian announced. Three platforms are already registered as issuers, said Anatoly Aksakov, who chairs the Financial Market Committee at the State Duma, the lower house of Russian parliament. Russian Digital Financial Assets Likely to Appear by […]

Finance

Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions

Coins Legend May 5, 2022 0

Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. Visa and Stripe Halt Support for Bankoff Cards Payment processors Visa and […]

News

Anonymous Hackers Claim to Have Breached Russian Payment Service Provider Qiwi

Coins Legend May 4, 2022 0

A hacking group linked to the Anonymous collective has allegedly hit the popular Russian payment processor Qiwi. Network Battalion 65 announced on social media it had managed to gain access to the platform’s databases — a claim the company has denied. Anonymous Affiliate Hacks Russian Payment System Qiwi Hackers from Network Battalion 65 (NB65), a […]

News

Russian Law Enforcement Submits Proposals to Regulate Seizure of Crypto Assets, Data Sharing

Coins Legend April 28, 2022 0

Russian Ministry of Finance has accepted a number of crypto regulatory proposals submitted by the country’s law enforcement departments. They cover a range of related areas, including the seizure of digital assets and the reporting of information on cryptocurrency transactions. Finance Ministry of Russia Backs Regulations Proposed by Law Enforcement Agencies Russia’s

News

Another 6 Members of Finiko Crypto Pyramid Arrested in Russia

Coins Legend April 23, 2022 0

Russian law enforcement authorities have detained six more members and executives of the notorious crypto Ponzi scheme Finiko. Police in the Republic of Tatarstan and Russia proper have conducted dozens of searches as part of an ongoing investigation into the pyramid, which defrauded investors around the world. New Arrests in Finiko Case Made in Russian […]