Wednesday, January 27, 2021
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Russian opposition leader Navalny immortalized in NFT artwork

Russian political opposition leader Alexey Navalny is the latest subject to be tackled by the burgeoning non-fungible token art world. An animation inspired by the recently-arrested Kremlin critic was minted into an NFT and released on the SuperRare platform on Jan. 21.The 1/1 artwork, simply called “Navalny,” is the first

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Top Russian bank Sberbank plans to launch its stablecoin by spring 2021

Sberbank, the largest state-owned bank in Russia, has reportedly filed an application with the Bank of Russia to launch a blockchain platform for its “Sbercoin” stablecoin.Sergey Popov, director of the transaction business at Sberbank, announced the news on Jan. 21 at a local financial event Russian news agency Interfax reports.At

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Digital ruble could be still vulnerable to fraud, Russian banks warn

Russia’s central bank digital currency, or CBDC, could contain a number of risks related to cybersecurity and fraud, according to several local financial institutions.The Association of Russian Banks, or ARB, has released its official feedback on Russia’s digital ruble project on Jan. 13. The study included 17 ABR credit institutions in Russia

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Russian Prime Minister Pledges to ‘Civilize’ Crypto Market and Prevent Scams

Mikhail Mishustin, the Russian prime minister, raised the subject of cryptocurrencies and the need to protect users during the government session on Thursday, according to a transcript.Acknowledging the growing interest in this “relatively new tool,” Mishustin said the government plans to lead the cryptocurrency market’s development in a “civilized direction”

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Russian prime minister proposes legal steps to bring order to crypto market

Russian prime minister Mikhail Mishustin has appeared to express support for the further development of the local cryptocurrency market.At a recent governmental meeting held on Nov. 26, Mishustin proposed the introduction of legal protections for crypto holders in the country in order to contribute to the growth of the new

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Russian Hospitalized After Bitcoin Mining Farm Sets Apartment on Fire

A poorly organized cryptocurrency mining farm has caused a fire in an apartment in St. Petersburg, Russia, and injured the operator, according to a 78.ru report citing the Ministry of Emergencies.The resident of the seven-bedroom apartment had apparently failed to set up sufficient cooling for his equipment, and was hospitalized

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Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting

Russia’s Ministry of Finance has proposed new amendments to the country’s coming law on crypto assets that could soften the requirements for cryptocurrency taxpayers, news agency RBK reported Thursday.According a package of draft bills, individuals must report their holdings if annual transactions exceed 600,000 Russian rubles (about $7,800). In a

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