Category: Russia
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Russian Police Seize 22 Cryptocurrency ATMs in 9 Cities
Law enforcement officials in Russia have seized 22 BATMs installed at stores and restaurants in 9 different cities. The confiscation has been carried out on orders from the Prosecutor’s Office and the Central Bank, local media reported. The operation of crypto teller machines in the country is currently unregulated. Also read: Kiev’s Bessarabsky Market…
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The Daily: Cboe Close to Ether Futures, Brave Boasts Millions of Downloads
Cboe is getting closer to launching ether futures and we’ve covered the report in The Daily. Also, Brave has reported 10 million downloads of the Android version of its privacy-oriented browser, the Russian telecom regulator says it would unban Telegram if the messenger follows court orders, and IOTA Foundation has released its Trinity desktop wallet…
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Inside the Battle to Become the World Currency
As the former reserve currency of central banks and the default denomination of the global oil market, the U.S. dollar has dominated the world’s financial system for the past 70 years, as well as served as a safe-haven for those trying to escape their own, crumbling native currencies. However, the status of the greenback may…
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The Daily: India to Become Blockchain Leader, Coinfloor Granted Gibraltar License
A recent study indicates that the blockchain craze isn’t dying out yet. Buoyed by its findings, media and experts in India have commented that the country can become one of the leaders in the field. Also in The Daily, an Australian university now offers an online blockchain programming course, Russia has announced a plan to create…
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Investments, Offshores, Foreign Trade – Russia Planning for Crypto
With regulations on the horizon, high-ranking officials in Russia have come up with ideas on how to harness cryptocurrencies when, hopefully, they are finally legalized. The need of finding ways to circumvent sanctions on several fronts seems to be the main incentive for the ingenuity in the corridors of power in Moscow. Also read: Iran…
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Russia May Criminalize Illegal Cryptocurrency Activities
Maintaining its positive, yet careful, stance on cryptocurrencies, the Russian Ministry of Internal Affairs is considering making all unauthorized cryptocurrencies a criminally-liable offense, according to local outlet Izvestia. Russia Seeks Crypto-Criminals The Russian publication collected several documents about the local legislation on cryptocurrencies. Of these, the primary amendment calls for legalizing open-source cryptocurrencies, such as Bitcoin…
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The Daily: China Escalates Crackdown, Russia Chases Shadows, UK Warns of Scams
Following the closing of social media accounts of crypto news organizations and after forbidding hotels from hosting crypto-related events, China has turned its attention to banning payments to trading platforms based outside the country. We’ve covered the escalation of the crackdown in The Daily. Also, Russia’s Interior Ministry wants to introduce criminal liability for shadowy…
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Regional Government Announces Opening of Largest Crypto Mining Farm in Russia
The largest cryptocurrency mining farm in Russia has opened in the Leningrad Region, according to the regional government. The facility is equipped with more than 3,000 pieces of mining equipment and covers an area of approximately 4,000 square meters. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Largest Mining Farm in Russia The press…
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The Daily: Binance Tracker Available in Beta, New Crypto Exchange Ready in Two Weeks
Leading cryptocurrency exchange Binance has announced the launch of its new market intelligence app in beta. The mobile tracker is available for Android and iOS. Also in The Daily, an IT company offers a platform to build a crypto exchange in just two weeks, Shariah compliant trading platform promises to bring Muslim crypto enthusiasts into…
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Developing an ICO Project in Russia Can Cost as Little as $1,500
The average cost to develop an ICO project in Russia is hovering around $18,000 USD but the price can go down to as little as $1,500, according to a study that explores the market for such services. The hourly rate for a blockchain developer is averaging a little over $44, the authors found after surveying…