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Russia News

Russia is the globe’s most sizable country in terms of land. On a map, Russia sits above Kazakhstan, Mongolia and China. Russia dwarfs China in geographic coverage, but not in terms of population — although Russia still lies among the globe’s most populous countries. The country is also known as the Russian Federation. The ruble serves as Russia’s national currency.

When it comes to Russia, cryptocurrency is still developing as a scene as the country evaluates its regulatory stance on various aspects of the asset class. In Russia, Bitcoin and other crypto assets are not an acceptable form of payment under the country’s regulatory climate, however. Owning cryptocurrency is also prohibited for folks working in certain government positions.

 

News
The Bank of Russia remains skeptical on crypto despite the Russian president viewing it as a potential unit of account.
Bank of Russia to assess Bitcoin holdings volumes as $36M leave banks
Helen Partz
2021-10-15T11:35:24+01:00
1722
News
Russia’s Irkutsk region saw its energy consumption rates surge by 160% following China’s crackdown on crypto mining.
Russia considers new energy tariffs as Chinese crypto miners relocate
Helen Partz
2021-10-14T11:34:15+01:00
4646
News
The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.”
Too early to talk about using crypto for oil trading, says Putin
Helen Partz
2021-10-14T10:32:12+01:00
4595
News
The U.S. now accounts for more than a third of the total Bitcoin mining activity, with Kazakhstan and Russia also becoming major locations.
US dominates global Bitcoin hash rate distribution after China crackdown
Osato Avan-Nomayo
2021-10-13T12:09:25+01:00
6314
News
Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade digital assets like Bitcoin.
Russia doesn’t plan to follow in China’s footsteps by banning crypto outright, says deputy finance minister
Turner Wright
2021-10-12T22:25:00+01:00
6128
News
The Bank of Russia also wants to slow down transactions to crypto exchanges to prevent “emotional” crypto purchases.
Russia aims to limit crypto purchases by non-accredited investors
Helen Partz
2021-10-07T09:35:10+01:00
6472
News
The exchange was previously known as BTC-e, though its name was changed to WEX following legal difficulties in 2017.
Former chief of Russia's Wex crypto exchange arrested in Poland
Tom Farren
2021-09-17T18:46:04+01:00
6356
News
As Russia works to “more clearly prohibit the use of cryptocurrency,” the country’s largest data center operators aren’t really worried.
Data center operators have ‘no problem’ with new Russian crypto crackdown
Helen Partz
2021-09-16T09:45:23+01:00
3282

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