News

Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments

Coins Legend April 18, 2022 0

Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for

Finance

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

Coins Legend April 17, 2022 0

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market for digital assets. Russian Deputies to Review Law on Crypto-Related Taxation The federal government of […]

News

Alleged Hydra Administrator Dmitry Pavlov Reportedly Arrested In Russia

Coins Legend April 16, 2022 0

A district court in Moscow has arrested a man whom local media reports identify as Dmitry Pavlov, alleged administrator of the recently shut down darknet market Hydra. Russian authorities believe he has been involved in drug-related crime punishable by up to 20 years in prison. Moscow Court Arrests Russian Believed to Be Hydra Administrator Meshchansky […]

News

Russian Chamber of Commerce Suggests Using Cryptocurrencies in Settlements With Africa

Coins Legend April 14, 2022 0

Employing crypto in cross-border payments is one of the proposals put forward by the Russian Chamber Of Commerce lobbying for more cooperation with African countries. Amid unprecedented sanctions limiting Russia’s ability to trade internationally, the head of the board has urged the government to work out an alternative system for settlements with Moscow’s partners.

Exchanges

Crypto Exchange With Belarusian Roots Halts Operations for Russian Users

Coins Legend April 14, 2022 0

Currency.com, a crypto exchange founded and initially licensed in Belarus, has suspended operations for Russian clients. The restrictive measure comes in response to Russia’s assault on Ukraine, the platform said, noting that customers in other jurisdictions will not be affected. Currency.com Exchange Denounces ‘Terrible War’ in Ukraine, Denies Services to Russian Traders

Finance

Cryptocurrencies Carry Systemic Risks, Threaten Ruble, Bank of Russia Insists

Coins Legend April 13, 2022 0

The spread of cryptocurrencies brings significant risks for Russia’s economy, financial stability, and national fiat, the monetary authority in Moscow has reiterated. The central bank has reaffirmed its hardline stance on decentralized digital money in a new report published as the government prepares to regulate the Russian crypto space. Central Bank of Russia Issues

News

Anonymous Has Released Over 2 Million Russian Emails in Cyberwar With Russia

Coins Legend April 13, 2022 0

Hacktivist collective Anonymous claims it has already published millions of leaked Russian emails. The group has been waging a cyberwar on Russia over its invasion of Ukraine, carrying out attacks on government institutions, state-run television channels, and the central bank. Russia’s Culture Ministry Becomes Latest Target of Anonymous Anonymous has released well over two

Technology

Russia Will Not Try to Ban Home Crypto Mining, Finance Ministry Official Indicates

Coins Legend April 3, 2022 0

A high-ranking representative of the Ministry of Finance in Moscow sees no point in banning crypto mining in Russian households as it would be hard to restrict the activity. The top official also revealed that the department is currently finalizing regulations for the mining sector as part of efforts to legalize Russia’s crypto space. Russia […]

News

Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says

Coins Legend April 2, 2022 0

With sanctions cutting off Russia from global finances, Moscow’s motivation to establish a domestic market infrastructure for digital assets grows, a top official at the Russian finance ministry has noted. The comment comes as Russians are losing access to foreign crypto platforms. Russia Recognizes Need for Local Crypto Assets Market Amid expanding international sanctions