Category: putin

Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value

Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value

Accusing the U.S. of undermining the dollar through money printing and sanctions policy, President Vladimir Putin has admitted that cryptocurrency can be utilized for settlements in the future, although it’s too early to do that in oil trade. While noting that it lacks backing, the Russian leader assumed crypto could be used to store value […]

Continue Reading

Breaking: Vladimir Putin Says Cryptocurrencies Can Become Legitimate Payment Currency

Vladimir Putin, the President of Russia seems to be in favor of cryptocurrencies and their use in the payment sector. In a recent interview with CNBC, Putin said crypto-assets  “has the right to exist and can be used as a means of payment,” Russian President’s pro-crypto stance came as a surprise to many given Russian […]

Continue Reading

Russia Not Ready for Bitcoin as Legal Tender, Putin’s Spokesman Peskov Says

Russia Not Ready for Bitcoin as Legal Tender, Putin’s Spokesman Peskov Says

Russia has no reason to recognize bitcoin, President Putin’s press secretary has noted after El Salvador became the first country to adopt the digital coin as legal tender. In a statement to the press, Dmitry Peskov revealed he is convinced that such a move would not bring any benefits to the Russian Federation. Kremlin Not […]

Continue Reading

Putin Orders Russian Government to Prepare to Check Officials With Crypto Assets

Putin Orders Russian Government to Prepare to Check Officials With Crypto Assets

President Vladimir Putin has tasked several ministries and the central bank to prepare to verify information provided by government employees about their digital asset holdings. The order comes as part of a new plan to combat corruption which was recently approved by the Russian leader. Authorities to Inspect Crypto Disclosures Filed by Russian Officials as […]

Continue Reading

Why is the world’s largest darknet market so hard to kill?

Why is the world’s largest darknet market so hard to kill?

Quick Take Darknet drug market Hydra operates relatively openly and has been around for much longer than most competitors. We explored reasons for Hydra’s longevity and prospects that recent attention on Russia’s domestic cybercrime industry will change the situation. This feature story is available to subscribers of The Block Daily. You can continue reading this […]

Continue Reading

Biden says any response to Russia-based ransomware will be cyber, not military

Biden says any response to Russia-based ransomware will be cyber, not military

Following a four-hour summit in a villa in Geneva, the presidents of the United States and Russia gave separate press conferences accounting for the results of the closed-door meetings.  Cybersecurity and, especially ransomware, placed high on the agenda. The Biden administration has spent weeks identifying ransomware as a key national security priority following high-profile attacks […]

Continue Reading

Election Candidates in Russia to Disclose Crypto Investments, New Bill Suggests

Election Candidates in Russia to Disclose Crypto Investments, New Bill Suggests

A new bill obliging candidates running for election in Russia to declare their spending on digital assets has hit the floor of the State Duma. According to the draft, Russian politicians will be required to disclose details about every crypto purchase they and their families make, if the total exceeds a certain amount. Candidates to […]

Continue Reading

Russian lawmakers advance bill that recognizes cryptocurrencies as property for tax purposes

Russia’s State Duma, the lower house of the country’s legislature, has approved a new bill that will recognize digital currencies as property for tax purposes, according to a report by news outlet RIA Novosti. According to the report, as Prime Minister Mikhail Mishutin explained, the proposal will afford crypto owners legal protections and rights in […]

Continue Reading

Vladimir Putin signs order requiring Russian public officials to disclose crypto holdings

Vladimir Putin signs order requiring Russian public officials to disclose crypto holdings

Russian public officials will now be required to declare their cryptocurrency holdings, according to a new order President Vladimir Putin signed on Thursday. According to the document, any public official or individual who wants to work in government must disclose their digital assets, as well as those of their spouse and children. They have until […]

Continue Reading