Should Russia Bolster or Ban Bitcoin?
The country reportedly backed out of plans to build a "national crypto exchange," its latest sign of indecision. Source
Read More
Russia
Lawmakers say Russia won’t develop state-owned crypto exchange
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Russian lawmakers have opted not to continue with plans to develop a state-owned crypto exchange. According to a regional newspaper, Izvestia, Russian lawmakers have scrapped plans to institute legislation that would allow the government to build
Read More
Tax Authority Slated to Become Main Crypto Regulator in Russia
Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market participants. Russians to Report Crypto Holdings and
Read More
Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says – Regulation Bitcoin News
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature to Vote on Crypto Laws by End of July The State Duma, the
Read More
South African Currency Plunges to New Low Versus the Dollar a Day After the US Accused Country of Secretly Supplying Ammunition to Russia – Featured Bitcoin News
The South African currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of ZAR19.51:US$1 on May 12. The rand’s latest fall came a day after the U.S. ambassador to South Africa accused the country of secretly supplying weapons to Russia. Banking giant JP Morgan said it
Read More
Lawmaker Warns US Default Risks Dollar’s Reserve Currency Status, Exploitation by China and Russia – Economics Bitcoin News
The top Democrat on the House Intelligence Committee has warned that China and Russia would seek to exploit the chaos resulting from a U.S. default. He further cautioned that the U.S. dollar’s reserve currency status could be eroded if the U.S. defaults on its debt obligations. U.S. Lawmaker’s Debt Default Warning Congressman
Read More
Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say – Mining Bitcoin News
Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe. Under such a scenario, Russia has what it takes to occupy up to 18% of the global bitcoin hashrate, they
Read More
Digital Assets for 1 Billion Rubles Issued in Russia in a Month – Bitcoin News
Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s Digital Assets Market Livens Up as Capital Markets
Read More
Binance Reportedly Investigated in US for Russia Sanctions Violations – Exchanges Bitcoin News
Cryptocurrency exchange Binance is facing a U.S. probe over suspected violations of sanctions against Russia, according to a media report. The inquiry is looking into whether the trading platform was used by Russians to circumvent financial restrictions imposed over Moscow’s invasion of Ukraine. Crypto Exchange Binance Faces Another US Probe, Sources
Read More
US DoJ reportedly investigating Binance for violating sanctions against Russia
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance is reportedly under investigation by the United States Depart of Justice (DoJ) Department’s national security division over suspicions of illegally allowing Russians to evade sanctions and move money through the exchange. Binance accused of breaching Russian
Read More