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Crypto cyberthreats spike this year with Russia hit the hardest, report reveals

June 23, 2021 June 28, 2021

Threats related to cryptocurrencies have increased alongside rising crypto prices over the past few months, shows a recent report by ESET. The Russian Federation is the country that has suffered the most from cyber threats related to cryptocurrencies this year, accounting for 8.9% of all attacks. G7 leaders recently called on the government in Moscow to identify …

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Crypto exchange Binance blacklisted in Russia

September 26, 2020 October 15, 2020

Russia’s Internet and telecom regulator Roskomnadzor has added Binance, the world’s largest crypto exchange, to the list of blacklisted websites in the country. The exchange was blacklisted on June 2, 2020, but Binance became aware of this only on September 24th, after receiving communication from Roskomnadzor. Binance said on its Russian Telegram channel it was …

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Ukraine, Russia, South Africa, Nigeria top global cryptocurrency adoption ranking

September 11, 2020 September 11, 2020

Ukraine, Russia, China, South Africa, Nigeria, Kenya, and the US are among the top-ranking countries by cryptocurrency adoption, according to the 2020 Global Crypto Adoption Index compiled by blockchain data analytics firm Chainalysis. Chainalysis’ 2020 Global Crypto Adoption Index, released earlier this week, ranks 154 countries based on their cryptocurrency adoption. The crypto adoption index …

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Russia blocks cryptocurrency websites ahead of regulation

August 31, 2020 August 30, 2020

Roskomnadzor, the Russian Internet and telecom regulator, has blocked popular Russian cryptocurrency exchange monitoring website Bestchange.ru for the third time. Bestchange.ru explained that it had been investigating how to unblock its domain but testing may take some time. This website, launched in 2007, is not restricted to just cryptocurrency. It helps users find the best offers online, including the …

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Putin signs law giving cryptocurrency legal status in Russia

August 2, 2020 August 30, 2020

Russian President Vladimir Putin signed into law Friday the bill that regulates digital financial asset (DFA) transactions, Russian media RIA Novosti reported. It was approved by the State Duma, the lower house of the Russian parliament, on July 22 and by the Federation Council on July 24. The law will come into force on Jan. …

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Russian ministry criticizes bill to ban crypto

June 11, 2020 June 12, 2020

The Russian Ministry of Economic Development has sent a letter to the State Duma, the lower house of the Federal Assembly of Russia, criticizing the bill that seeks to ban cryptocurrency in the country. Local publication Kommersant reported Wednesday that it has seen the letter. Russian officials detailed that the bill proposes a complete ban on the …

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Russia’s cryptocurrency laws remain in the gray zone

June 4, 2020 June 4, 2020

In late May Russia’s State Duma released a draft of proposed litigation toward cryptocurrencies and companies that deal with the technology. The draft called “On Digital Financial Assets,” is an updated version on how lawmakers might regulate the crypto industry in the near future. The documents do not delve much into personal holdings, trading, and cross-border remittances, …

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Russians can use Qiwi, Sberbank, Yandex Money and now Binance P2P Exchange to buy bitcoin with rubles

February 14, 2020 February 14, 2020

As international demand for cryptocurrency is on the rise again, Russian searches for “биткоин” (bitcoin) on both Google and Yandex have been increasing. In the past month, Russian speaking users have been asking the search engines about bitcoin’s current rates in US dollar and Russian ruble and over the past week there’s been a 350% …

Russians can use Qiwi, Sberbank, Yandex Money and now Binance P2P Exchange to buy bitcoin with rubles Read More

Russia’s new prime minister has an opinion of cryptocurrencies

January 27, 2020 January 31, 2020

The Russian Federation has a new prime minister, Mikhail Mishustin, previously head of the country’s tax administration. In this position, Mishustin made comments about cryptocurrencies on multiple occasions, crypto news outlet Forklog reminded. Nobody trusted paper money when it was introduced into circulation and it had to be backed with the gold reserves of central …

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Russia’s Supreme Court recognizes tokens as assets like money and property

December 26, 2019 December 26, 2019

Although many of them are still wary about legalizing decentralized digital money, governments around the world are nevertheless tempted to tap into incomes from the cryptoconomy or feel obliged to prevent illicit uses of cryptocurrencies. With each step authorities take to achieve their goals in either of these directions, however, they inevitably add another layer …

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Russian tax authority registers crypto as part of a company’s capital

November 28, 2019 November 27, 2019

At present, cryptocurrencies don’t have any legal status and are not regulated in Russia. Yet a company called Artel has managed to officially add bitcoin to its authorized equity capital. Not without giving the entity a hard time, the country’s Federal Tax Service eventually agreed to register the change in its status. According to experts …

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Russia regulates digital rights, advances other crypto-related bills

October 10, 2019 October 10, 2019

On Oct. 1, the law “On Digital Rights” entered into force. It establishes the basic legal definition of rights in the digital realm and determines their status under the country’s civil rights law. “Digital right” in this context is a new legal term, the scope of which can be interpreted to include tokens such as …

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