Category: russia crypto

Russia Seizes 4 Major Dark Web Carding Estimated $263 million in Crypto Sales

The Russian Interior Ministry has taken down four major DarkWeb sites. The DarkWeb sites specialize in selling stolen payment card details from retailers and payment companies. Cybercriminals use these stolen cards to buy wares online and sell them for cash. This modus operandi is known as ‘Carding.’ Stolen Credit Card Market –A dying market An […]

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Just-In: Russia To Legalize Bitcoin; Regulatory Draft Arriving by Feb. 18

The news in the town is that Russia is preparing for a draft law to legalize Bitcoin and cryptocurrencies this month. BREAKING: #Bitcoin to be recognized as legal currency in Russia. — Watcher.Guru (@WatcherGuru) February 9, 2022 From its plans to ban digital assets to integrate crypto into its financial system, Russia has taken a […]

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Russian Media Outlet Asks for Crypto Donations After Being Labeled ‘Foreign Agents’ by the Kremlin

Russian authorities have recently labeled one of the leading independent media outlets in the country as a “foreign agent.” Such a maneuver led Meduza to set up a fiat and crypto fundraiser to survive the consequences of labeling. Fund Will Accept Donations in Bitcoin, Ethereum, and Binance Coin According to an editorial statement published by […]

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Survey: 14% of Russians Think Cryptocurrencies Will Oust Fiat in 10 Years

A new survey revealed the different stances of Russians toward cryptocurrencies and fiat currency. Specifically, some of the respondents believe digital assets will replace fiat in ten years. Residents in Moscow Believe Cryptos Will Replace Fiat, While Others Are Skeptical According to Nord News, the research was conducted by Otkritie Bank, a Moscow-based financial institution […]

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Putin Asks Russian Attorney General Office to Combat Illegal Cross-Border Crypto Transfers

The Russian President held a meeting with the attorney general’s office where cryptocurrencies came to the discussion table. Vladimir Putin raised red flags toward taking measures to prevent illegal activities on cross-border transfers with cryptos. Putin Calls Other Offices to Join the Fight Against the Usage of Cryptos for Illicit Purposes According to a transcript […]

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Russian Bill to Recognize Cryptocurrencies as Property Advances in Parliament

Russia’s parliament has advanced the bill that proposes to recognize cryptocurrencies as property. The proposed law will provide legal protection for cryptocurrencies but income from their activities will also be subject to taxation. Cryptocurrencies to Be Considered Property in Russia Russia’s State Duma, the lower house of Parliament, adopted a bill that recognizes cryptocurrencies as […]

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Russia Prohibits Government Officials From Owning Crypto, Must Dump Holdings by April

Russia Prohibits Government Officials From Owning Crypto, Must Dump Holdings by April

The Russian Ministry of Labor has reportedly banned government officials from owning and using cryptocurrencies. Officials have also been ordered to dispose of any cryptocurrencies they own by April. Russia Prohibits Government Officials From Holding or Using Cryptocurrencies The Ministry of Labor and Social Protection of the Russian Federation has issued a letter in which […]

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Digital Currencies Could Outshine SWIFT System, Says Central Bank of Russia’s Deputy Governor

Digital Currencies Could Outshine SWIFT System, Says Central Bank of Russia’s Deputy Governor

The first deputy governor of the Central Bank of Russia (CBR) has been vocal in a recent online meeting, reported by Russia Today (RT), about the topic of digital currencies challenging the SWIFT international payments system and make it redundant. Digital Currencies Could Challenge SWIFT System, Even Replace It According to Olga Skorobogatova, the development […]

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Russia to Recognize Bitcoin as Property With Legal Protection

Russia to Recognize Bitcoin as Property With Legal Protection

The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court. Russia to Recognize Bitcoin as Property During the government meeting on Thursday, Russian Prime Minister Mikhail Mishustin talked about Russia’s […]

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