Cryptocoins News

Cryptocoins News is a major online publication intended for people using or familiar with bitcoins and other cryptocurrencies.

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Cryptocurrencies can destroy Russian economy, says state official

According to Paul Livadniy, the deputy director at the Federal Financial Monitoring Service of the Russian Federation (Rosfinmonitrong), cryptocurrencies such as bitcoin threatens the Russian economy and could lead to its destruction. As reported by Russian publication Lenta.ru, Livadniy compared cryptocurrencies to traditional currencies. While the latter are issued by the state — providing greater controls such as …

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Russia reverses plan to penalize bitcoin use

Russian authorities have gone back on their idea to penalize whoever is caught in bitcoin operations in the country, says a report by Russian news agency Interfax. Though Interfax referenced unnamed sources close to the Russian government’s financial departments, it suggested that representatives from the country’s Ministry of Finance, central bank, and other government bureaus are …

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Sberbank’s CEO blasts proposed bitcoin ban

Russia’s proposed bitcoin ban will hinder blockchain technology’s development in the Russian Federation, according to German Gref, chairman of the board at Sberbank, Russia’s national savings bank, and former economic development minister, speaking at the Skolkovo business school Saturday, according to Lenta.ru, a Moscow-based news site. Gref said blockchain is a new web technology comparable …

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