Cryptocurrencies

Russians prefer cryptocurrencies over gold, says World Gold Council report

October 26, 2020

While gold is considered a safe heaven, it is not currently a mainstream investment among Russians, whose money is more likely to go into other options, including cryptocurrencies. Less than one-fifth of Russian investors, or just 16%, own gold and coins, but most are positive towards the idea of investing in the yellow metal, according …

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Russia’s central bank considers launching digital ruble

January 27, 2022

On Tuesday the Bank of Russia released a consultation paper on the development of the digital Russian ruble, confirming plans aired previously. Dubbed ‘central bank digital currency,’ or CBDC, the digital ruble could become an additional form of money alongside cash and non-cash. “All three forms of the Russian ruble will be absolutely equal: 1 ruble in …

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Crypto exchange Binance blacklisted in Russia

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

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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Target Global bets on Russo-Estonian startup “to disrupt crypto payments”

September 8, 2020

Last week Mercuryo.io, a Russian-founded startup based in Estonia, announced the completion of its first round of funding, having received €2.5 million from Target Global.  Mercuryo.io has built a cross-border cryptocurrency payment network for businesses – allowing for transactions from and to anywhere in the world. This infrastructure offers solutions for virtual accounts, business payments, …

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Russia blocks cryptocurrency websites ahead of regulation

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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Telegram agrees to return $1.2 billion to investors and pay $18.5 million penalty in SEC settlement

July 20, 2020

In what could put an end to a long saga, the US Securities and Exchange Commission announced today that it “obtained court approval of settlements with Telegram and its subsidiary TON Issuer Inc.” “Without admitting or denying the allegations in the SEC’s complaint, the defendants consented to entry of a final judgment enjoining them from …

Telegram agrees to return $1.2 billion to investors and pay $18.5 million penalty in SEC settlement Read More

Russia’s cryptocurrency laws remain in the gray zone

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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Pavel Durov gives up his blockchain project, shifting the blame to US authorities

May 17, 2020

“A US court stopped TON from happening:” with this simple explanation, VK and Telegram founder Pavel Durov announced today he is giving up his widely hyped blockchain and cryptocurrency project. This is the latest, but probably not the last episode of a saga which started in early 2018 with a controversial $1.7 billion ICO. Many unforeseen developments followed, …

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Russian billionaire Vladimir Potanin launches metals blockchain

March 19, 2020

Russians may soon be able to use digital tokens to buy metals, book air tickets and transfer ski passes from Vladimir Potanin’s businesses after the billionaire got the go-ahead for his blockchain platform. Potanin has long signaled plans to start crypto tokens for metals, but can now expand the project to the consumer side of …

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

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

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