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Russia Is Getting Serious About Blockchain, but Remains on the Fence About Cryptocurrencies

Last week, an annual forum featuring Russia’s top people from the economic sector was held in St. Petersburg, and cryptocurrencies were a hot topic there. Notably, government agents and state-controlled businesses were vocal about their interest in blockchain, but seemed to distance themselves from digital tokens.Meanwhile, the regulatory framework

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Russian Authorities Sign MoU With Maersk to Officially Launch TradeLens in Russia

Russian authorities have signed an agreement with Danish logistics giant Maersk to officially launch blockchain shipping platform TradeLens, according to a press release on June 6.As a part of the agreement, the port at Russia’s second-biggest city, St. Petersburg, will pilot the blockchain-powered logistics tool co-developed by Maersk’s tech

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Russia May Build Offshore Destination for Cryptocurrencies, Exchanges and Forex

Russia may build a large financial center on the island of Bolshoy Ussuriysky, according to a report by the state-run TASS news agency on June 8.Leonid Petukhov, who heads the Far Eastern Agency for Attracting Investments and Supporting Exports, said the island could become an offshore destination for cryptocurrencies, crypto exchanges and forex

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Venezuela and Russia Discuss Mutual Trades in Petro and Russian Ruble: Report

Venezuela is considering to close mutual trade settlements with Russia using the ruble, Russian government-backed TV channel RT reports on May 17. Jorge Valero.Venezuela’s representative to the United Nations in Geneva said they are also discussing uses for the state-owned Petro (PTR) cryptocurrency.Valero reportedly revealed that Venezuelan authorities are

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Adviser to President of Russia Proposes Digital Currency in Crimea

An adviser to the President of Russia has proposed to adopt a digital currency in Crimea to attract investors and avoid sanctions, local news agency TASS reports April 19.Sergey Glazyev, advisor to Russian President Vladimir Putin on regional economic integration, urged the government to adopt “digital money technologies” to

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Russia Parliament Approves Swift-Alternative but Moves Crypto Bill to April

Two very contrasting events took place in Russia lower house parliament last week. In the first, the State Duma approved the international use of a Swift-like financial network to eliminate the risks of western sanctions. In the other, it postponed the second reading of the crypto bill draft law to April.Ducking

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Alleged Bitcoin Fraudster Alexander Vinnik Appeals for Extradition to Russia

Former operator of now-shuttered crypto exchange BTC-e, Russian national Alexander Vinnik, has appealed with a Greek court for his release or extradition to Russia, local media outlet Kathimerini reported on March 21.Vinnik — who is accused of fraud and laundering as much as $4 billion in Bitcoin (BTC) over

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