**** Russian crypto market

China’s Crypto Miners Struggle to Pay Power Bills as Regulators Clamp Down on OTC Desks

As Chinese authorities make it harder than ever to exchange cryptocurrency into fiat, miners may be forced to move to other jurisdictions, local sources say. Арте́льный горшо́к гу́ще кипи́т.With a helper a thousand things are possible.Russian proverb On Monday, crypto industry blogger Colin Wu tweeted that miners in China have been struggling to pay for […]

New Crypto Payment Services Launch, Bitcoin ATM Firm Asserts Patent Rights

Late last week, BitPay, a major cryptocurrency payment provider, announced the introduction of BitPay Send, a new mass payout service that enables organizations to pay employees, affiliates, customers, vendors, contractors and others with cryptocurrency. According to a press release, for a 1 percent fee, payments can be made 24/7, anywhere around the world. Recipients can […]

Belarus’ Largest Bank Launches Cryptocurrency Exchange Service

The largest bank in Belarus, Belarusbank, has reportedly begun providing a cryptocurrency exchange service, allowing customers to buy bitcoin using Visa cards. Ба́бушка на́двое сказа́ла.No one can know for certain.Russian proverb Belarusbank’s new cryptocurrency exchange service is in collaboration with bitcoin exchange service provider Whitebird, several local news outlets reported Thursday. The bank revealed its […]

East Asia Dominates World’s Onchain Crypto Activity, Europe and North America Trail Behind

Crypto activity continues to flourish worldwide, according to a new cryptocurrency adoption index published by the blockchain intelligence firm Chainalysis. The researchers compile onchain digital currency retail value transferred, onchain crypto deposits, peer-to-peer exchange volume, and other types of methodology. Без му́ки нет нау́ки.Adversity is a good teacher.Russian proverb Chainalysis recently published a new report […]

Binance targets more European users with its 7% cashback Visa Card launch

The Binance Visa Card is now available across the entire European Economic Area (EEA), as per Binance’s statement shared a few hours ago. The card is directly linked to users’ Binance accounts and it comes on different levels. According to Binance, users can use the card to spend digital assets in their Binance accounts to […]

New report reveals the unlikely leaders in crypto adoption

While it is in a much better place now than a few short years ago, the cryptocurrency industry is still pushing hard to achieve mainstream adoption. However, its efforts are not in vain, as there are massive amounts of progress that have become quite apparent. Chainalysis recently proved as much by issuing its Global Crypto […]

Experts: Country to build fintech hubs

China plans to build pioneering fintech hubs nationwide, focusing on the research and development of blockchain technology and digital currency to boost investment in financial infrastructure, according to officials and experts on Tuesday. They made the remarks at the 2020 China Financial Technology Forum, part of the ongoing 2020 China International Fair for Trade in […]

Cryptocurrency: the next battleground in the US-China rivalry

Washington’s weaponisation of the US dollar as a foreign policy tool depends on its pre-eminence as a global reserve currency. Безопасность прежде всего.Safety first.Russian proverb But the emerging threat to this hegemony is e-currencies, and Beijing’s huge head start could put it in control of the world’s financial structure. The United States Department of Justice […]

Fearing Chinese advantage, Japan lurches towards digital currency and electronic payments

As we’ve discussed before, Japan is largely a cash based society. Despite, at times, a healthy interest in digital cryptocurrencies like bitcoin, consumers rely heavily on physical currency while eschewing electronic payment methods. This is somewhat counter-intuitive, as the country has one of the most advanced regulatory environments in the world with regard to digital assets. Брюхо сыто, да […]

Kazakhstan in talks on $700m in cryptocurrency mining projects

Kazakhstan is in talks to attract investments worth 300 billion tenge ($714 million) into the cryptocurrency sector, Digital Development Minister Bagdat Mussin said on Wednesday. Kazakhstan claims to account for 6 per cent of global cryptocurrency mining. The country passed legal amendments in June clarifying the regulation and taxation of cryptocurrency mining that it hopes […]

Russia Ministry of Finance proposes amendments on digital currency ban

The issue of digital currency regulation in Russia took another turn this week, with news the Ministry of Finance is seeking to amend the law “On Digital Financial Assets,” just a matter of months after it was passed. The Ministry proposed a series of amendments to the new law which would have the effect of […]

Russia issues landmark digital currency-backed loan

Expobank, the former Russian subsidiary of Barclays, has issued a digital currency collateral loan to Russian entrepreneur and tax consultant Mikhail Uspensk. Uspenk bought Waves tokens (WAVES) in 2018 during their ICO but quickly learned that his WAVES were useless. Therefore, he decided to use his WAVES as collateral for a loan he has taken […]

A possible future use for bitcoin? Russian bank issues loan using cryptocurrency as collateral for first time

A Russian bank has issued a loan secured by cryptocurrency for the first time ever, marking a new milestone in the history of the controversial digital alternatives to existing financial instruments. В глаза льстит, а за глаза пакостит.To carry fire in one hand and water in the other.Russian proverb The loan, issued by Expobank to […]

Huobi Global Announces Measures to Strengthen Its Presence in Russia

The exchange is taking advantage of the growing Russian crypto market. As part of its Russian expansion plans, Seychelles-based exchange Huobi Global appointed Vladimir Demin as the company’s chief advisor. His main role will be to help develop the company’s market in the region. According to the announcement, he had previously served as partner and […]

Russian Monitoring Agency Develops Blockchain Analysis Tool To Track Bitcoin And Monero

Russian intelligence agents build a blockchain monitoring device capable of partially unmasking transactions on Bitcoin (BTC), Ethereum (ETH), Omni (OMNI) and two popular private coins – Dash (DASH) and Monero (XMR). The agency requests for a budget surplus of $10 million from the federal government to complete the development of the monitoring services. A report […]

State-owned Sberbank eyes launching Russia’s stablecoin

Russia’s largest bank Sberbank is reportedly preparing to launch a stablecoin. The “Sbercoin” will be equal to a fixed amount of Russian Ruble and it will be used for digital financial asset settlements, the bank said. “Sberbank specialists have been working on the technical and legal possibility of issuing Sbercoin as a settlement tool for […]

Russia to ease restrictions on cryptocurrency

After many years of restrictions, Russia is deregulating cryptocurrency and joining the global crypto industry Russian President Vladimir Putin recently proposed a new law to allow the trading of cryptocurrency. He thinks it will go into effect in January 2021. The policy still limits the capability to pay for goods and services with cryptocurrency in […]

Russia: New Legislation Renews Old Cryptocurrency Debates – Analysis

Cryptocurrencies have introduced a novel alternative to exchange commodities and services, moving away from government-backed fiat money. These virtual currencies have been a cause for concern and timely attention by several countries following their debut through Satoshi Nakomoto’s seminal work, ‘A Peer-to-Peer Electronic Cash System’ in 2008. The cryptocurrency space has evolved further complications since private players, […]

Russia bans anonymous Bitcoin wallet deposits

Authorities in Russia have outlawed anonymous deposits to online digital currency wallets, in a ruling expected to affect as many as 10 million users in the country. The latest step in Russia’s piecemeal approach to regulating the digital currency sector, the ban has ostensibly been introduced to prevent the use of digital currency for money […]

XRP searches are trending on Google

XRP searches on Google have revisited some former yearly highs last week. Bitcoin searches are still not as common as XRP, although Ethereum is not far behind. The growth in interest indicates the high popularity of the altcoin market amid the new rally. Ripple’s XRP has seen quite a bit of activity recently. Not only […]

Putin Signs Law Giving Cryptocurrency Legal Status in Russia

Russia’s bill to regulate cryptocurrencies has been signed into law by President Vladimir Putin. The new law gives legal status to cryptocurrency but prohibits its use as a means of payment. Russian Crypto Bill Signed Into Law Russian President Vladimir Putin signed into law Friday the bill that regulates digital financial asset (DFA) transactions, Russian […]

Russia Legalizes Crypto, Citadel Securities Fine, LINK: Editor’s Pick

In a relatively quiet week in the newsroom, here are the standout stories from the worlds of forex, fintech, and crypto, in our best of the week segment. Russia Legalizes Cryptocurrencies Terming Them Property In a bold move that dominated the crypto news this week, The Russian State Duma has passed a bill on Wednesday legalizing cryptocurrencies in […]

New Russian Law Bans Bitcoin Payments for Goods and Services

Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services. Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third and final reading. It had already won backing from senior lawmakers like Anatoly […]

Who is Vitalik Buterin

Vitalik Buterin is one of the best-known names in the world of cryptocurrency. Vitalik Buterin is one of the best-known names in the world of cryptocurrency. Buterin is the creator of Ethereum, the second-most valuable cryptocurrency network behind Bitcoin in terms of market capitalization. He has been actively involved in the Bitcoin community as a writer and […]

Putin in or Out? Russia Goes Live With Blockchain Voting

Blockchain technology will play a role in determining whether Russian President Vladimir Putin will get to rule until 2036. The Russian government announced the news via a website notice on Friday. According to the report, citizens over the age of 18 will be able to cast e-votes on a planned constitutional amendment that seeks to […]

Russia’s Central Bank to Launch Blockchain-Powered Digital Mortgage Platform

The Central Bank of Russia is intending to use a local, FSB-approved blockchain for its upcoming e-mortgage project. The Central Bank of Russia is reportedly developing a digital mortgage platform powered by a domestically developed blockchain called Masterchain, local state-owned news agency Ria reported on May 28. According to Olga Skorobogatova, first deputy governor at […]

Russians turn to cash and Bitcoin as coronavirus sinks economy

Amid a growing economic crisis, Russians have withdrawn more than $13.6 billion in cash from ATMs in March alone. Some is finding its way into crypto. In brief: Russians withdrew more cash in March than in the entirety of 2019. At the same time, crypto exchanges in the country have seen an uptick in users […]

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