Earlier this week the State Duma, the lower house of the Russian parliament, approved almost unanimoulsy in first reading a bill to regulate digital financial assets, including cryptocurrencies, and ICOs. According to the new law, digital financial assets are not a legal method of payment Russia. The text regards cryptocurrency and tokens as digital property, with the …
Russia prepares for cryptocurrency and ICO regulation Read More
CardsMobile, a developer of contactless payment solutions, including mobile app ‘The Wallet,’ has raised an undisclosed amount in investment from Alfa Bank, a leading Russian commercial bank, in exchange for a 25% stake. The funding will be used to develop further the app, which allows consumers to save all their loyalty, bank and transport cards in …
Alfa Bank invests in CardsMobile to “fully correspond to the digital future” Read More
The Far East Development Fund, which is full owned by state development bank Vnesheconombank (VEB), has partnered with Singapore-based Diamundi to launch of a new cryptocurrency, the ‘D1 Coin,’ backed by Siberian diamonds. Diamonds are a traditionally illiquid asset class, but their tokenization means that anyone will be able to buy, own and sell a fractional …
Russian state-backed fund wants to tokenize Siberian diamonds, gold and gas Read More
The official reason for banning Telegram in Russia – its refusal to let the secret service decipher user messages, as required by Russian law, to “prevent terrorism” – might not be the real one. Revealed today by the Russian business daily RBC, an informal note written by an employee of the Federal Security Service (FSB), …
Prytek, a firm that invests in tech startups and distributes their solutions in emerging markets, is strengthening its activities in Russia. The Israeli-headquartered company, which began commercializing the solutions of its portfolio companies on the Russian market in late 2017, will now also invest substantial amounts (around $2 million per deal) in local startups. This …
In its second edition on April 23-24, 2018, the Crypto Affiliate & Marketing Conference (CRAC) will provide the communities of marketers and digital currency enthusiasts a new chance to network while showing their first projects at the junction of the two industries. “Less than one year ago everyone was just clueless. And look how fast …
East-West Digital News and ICObench have studied the ICO market in Central and Eastern Europe (CEE), a region that includes Russia and more than 20 other countries. This region boasts an impressive record on the global ICO scene, according to this research. Analyzing some 237 ICOs and pre-ICOs with roots in CEE the region conducted last …
Report: Central and Eastern Europe accounts for 20% of the global ICO market Read More
Earlier this week Mail.Ru Group, an LSE-listed leading Russian Internet company, announced that its ad platform myTarget began accepting Bitcoin (BTC) and Bitcoin cash (BCH) as payment means for running ads on the group’s properties. These properties include Russia’s top social networks Vkontakte (VK) and Onoklassniki (OK) as well as two dozens of online resources …
The cryptocurrency fever can push people to a variety of ill-advised steps. In Russia, a group of employees of a nuclear research center in Sarov were detained by the Federal Security Service (FSB) for “unauthorized use” of the facility’s supercomputers to mine cryptocurrency. The news was reported last week by the online publication TJournal, which cited …
On February 9, Tinkoff Bank, the Russian digital lending giant, announced the launch of an R&D center at Skolkovo, the international tech hub under completion on the outskirts of Moscow. The new center will focus on Blockchain-based solutions and cryptoeconomics research in order to boost the Tinkoff’s financial ecosystem. “The ideas and prototypes developed at …
Tinkoff Bank now valued at $4 billion, launches R&D center at Skolkovo Read More
Russian punters will soon be able to receive their betting wins online through the Mastercard payment network. The news was reported last week by Betting Business Russia, citing Mastercard. The international operator announced that it will soon make possible domestic transactions in this field in Russia, as is already the case in a range of other countries. These …
How much exactly does Telegram intend to raise in its ICO? That is the question asked by CrunchBase, which reviews the various amounts which have been reported by the media over the past couple of weeks — from $1.2 billion in total to $5 billion. According to a leaked white paper primer, Telegram plans, among other …
