Category: Russia
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The Daily: Argentina Meets 2019 With New BATMs, Russia Budgets Millions to Block Sites
In this edition of The Daily, we focus on the growing number of bitcoin ATMs in Argentina. Five new devices have been installed recently in Buenos Aires. We also look at a report that Russia’s telecom watchdog plans to spend millions of dollars to restrict access to banned websites and services such as Telegram. And…
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Poll Shows 13% of Russians Use Cryptocurrency for Online Purchases
Cryptocurrency transactions are becoming a viable alternative to traditional electronic payments and Russia is no exception to the trend. Recently conducted surveys indicate that a large number of Russians have already started using digital coins for online purchases and many others are willing to try. Also read: Russians to Be Allowed ICO Investments up…
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Russian Parliament Postpones Adoption of Digital Assets Bill
The State Duma, the lower house of Russia’s parliament, has postponed the second reading of a long-awaited bill intended to regulate cryptocurrencies in the country. Lawmakers will review the draft law “On Digital Financial Assets” during the spring parliamentary session next year, the house deputy speaker Sergey Neverov announced. Also read: Transnistria Welcomes Crypto Miners,…
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Russians to Be Allowed ICO Investments up to $9,000 per Year
Russian lawmakers have revised another bill regarding the regulation of the industry built around cryptocurrencies. In its latest version, the draft law on crowdfunding sets the maximum amount of money ordinary Russians will be permitted to invest in projects such as ICOs at less than $9,000 per year. Also read: Lawyers to Help the…
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Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws
In the absence of a comprehensive regulatory framework for cryptocurrencies in Russia, lawyers have taken matters into their own hands. A new advisory body of legal experts will look into cases where the current legislation does not reflect the specifics of the growing digital economy and propose solutions. Also read: CEO of Romanian Exchange Coinflux…
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The Daily: Japan Calls All Coins ‘Crypto Assets’, Russia Defines Cryptocurrency as Property
The Financial Services Agency of Japan has resolved to refer to cryptocurrencies as “crypto assets” in order to prevent confusion with legal tender. Also in The Daily, the Justice Ministry in Moscow has confirmed that it classifies digital coins as “other property.” Finally, according to a recent report, stablecoins have seen significant growth over the…
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New Bitcoin ATM Tracker Site Launches in Russia
A new website showing a map of cryptocurrency teller machines and other points of sale has been launched in Russia. The platform currently provides information about bitcoin ATM locations in the city of Moscow but its developers plan to expand its coverage globally. Also read: French Lawmakers Propose Lower Electricity Rates for Cryptocurrency Miners Cryptocoinmap…
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Report: Troubled Crypto Exchange Wex Finds New Owner
Cryptocurrency exchange Wex, successor of the infamous BTC-e, has a new owner. Dmitry Havchenko, a former Ukrainian entrepreneur turned separatist fighter, has reportedly bought the coin trading platform through a family member. He now wants to restore it and also to track down the lost “Vinnik’s treasure.” Also read: BTC-e Operator Alexander Vinnik to Go…
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Russian Marketplace Allows Users to Sell Items Priced in Cryptocurrency
A new Russian online marketplace that allows users to buy and sell goods and services priced in cryptocurrency has rapidly expanded in recent months. The Mentalmarket website has been publishing a growing number of ads in a dozen categories, from “cryptoindustry” to “real estate.” Also read: Russian Miners Sell Their Equipment Amid Market Plunge Audis…
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The Daily: Bitmain Launches Crypto Index, Xolaris Sets up Bitcoin Mining Fund
In this edition of the Daily, we cover Bitmain’s new cryptocurrency index and the establishment of a fund that will invest in bitcoin mining. We also look at a recently active online account that was previously associated with Satoshi Nakamoto, as well as the launch of a help center for defrauded crypto enthusiasts in Russia.…