Latest News on RUSSIA

Stablecoin

Russian Banking Giant Sberbank to Tokenize Financial Assets Using Stablecoins

Sberbank, Russia’s biggest bank, has disclosed the possibility of issuing tokens to be utilized in digital financial assets (DFA) settlements. The token will be in the form of a stablecoin to be pegged to the nation’s currency, the Russian ruble.

Brian Njuguna

Aug 05, 2020

| 2 Min Read

#RUSSIA #SBERBANK #STABLECOIN #DIGITAL ASSETS #TOKENIZATION #TOKENS

Legal

Russia Restricts Anonymous Cash Deposits to Online Wallets

The Russian Government has put strict limits on anonymous deposits made to online wallets. While it is not a complete ban, the initiative by lawmakers is promoted as a step to deter illegal activity such as money laundering and illicit drug transactions and could affect up to 10 million users.

Lucas Cacioli

Aug 04, 2020

| 3 Min Read

#RUSSIA #ONLINE WALLETS #ANONYMOUS #CASH #DEPOSIT #PAYPAL #BLOCKCHAIN #BITCOIN #EXCHANGES #LAW #REGULATION #BANK OF RUSSIA

Research

Russian Citizens Are Using P2P Bitcoin Markets to Escape Monolithic Banking System

Crypto usage is growing in Russia, despite attempts by the government to make investment more difficult.

Nicholas Otieno

Aug 01, 2020

| 2 Min Read

#PAXFUL #REPORTS #CRYPTO #RUSSIA #REGULATION #COVID-19 #PANDEMIC #INFLATION #ALTERNATIVE #FINANCE #BANKING

Regulation

DFA Bill Passed, But Central Bank of Russia Still Thinks Cryptos Are Criminal

Despite the Digital Financial Assets bill being passed by the State Duma, Russia’s Central Bank has nevertheless argued that crypto transactions are not deemed as legitimate investments.

Shine Li

Jul 29, 2020

| 2 Min Read

#BITCOIN #ALTCOINS #BTC #STATE DUMA #RUSSIA #REGULATION #DFA BILL #DIGITAL FINANCIAL ASSETS #INVESTMENT #FINANCE #LEGALIZATION

Regulation

Will Crypto Assets Have a Future in Russia After All? State Duma Passes DFA Bill

The State Duma of Russia passed a law regarding digital financial assets (DFA) in the financial bill’s third reading, which determined the fate of Bitcoin and other cryptocurrencies.

Shine Li

Jul 23, 2020

| 3 Min Read

#RUSSIA #BITCOIN #CRYPTOCURRENCY #REGULATION #CRYPTO ASSETS #TRADING #DIGITAL FINANCIAL ASSETS #DFA #STATE DUMA #FINANCE #STABLECOIN #ALTCOIN

Regulation

To Criminalize or Not to Criminalize Bitcoin and Crypto? Moscow Reconsiders

The State Duma is discussing its legislative plans regarding Bitcoin and cryptocurrency usage and has been reported to seemingly have a change of heart regarding digital assets adoption in Russia.

Shine Li

Jul 22, 2020

| 2 Min Read

#BLOCKCHAIN #BITCOIN #RUSSIA #STATE DUMA #CRYPTOCURRENCY #DFA #DIGITAL FINANCIAL ASSETS #BTC #LAW #LEGAL #DFA BILL #TOKENS

Legal

Wanted Wirecard Exec Marsalek Hiding in Russia After Moving Funds in Bitcoin

Former Wirecard Chief Operating Officer Jan Marsalek used Bitcoin to move funds to Russia where he is now in hiding under the supervision of Russian intelligence operatives, according to a Russian media outlet.

Lucas Cacioli

Jul 22, 2020

| 2 Min Read

#WIRECARD #FUGITIVE #WANTED #MARSALEK #RUSSIA #INTELLIGENCE #FSB #BITCOIN #FUNDS

Legal

Russian Intelligence are Hiding Embezzler and Former Wirecard COO in Belarus

Jan Marsalek promptly disappeared shortly after undertaking an investigation for the Wirecard missing funds - which he claimed would clear him of any wrongdoing. However, new evidence suggests that he never made it to the Philippines at all, but has been in hiding with the help of the FSB, a Russian intelligence agency.

Lucas Cacioli

Jul 20, 2020

| 3 Min Read

#WIRECARD #RUSSIA #FSB #MARSALEK #BELARUS #EMBEZZLEMENT #FRAUD

Research

Russian Blockchain E-Voter Identities Can be Exposed Through Vulnerability

On the final day of Russia’s vote on the proposed constitutional amendments—a vulnerability in the blockchain-based system that allows user’s votes to be decrypted has been exposed by Russian media.

Lucas Cacioli

Jul 03, 2020

| 2 Min Read

#BLOCKCHAIN #RUSSIA #VOTE #PUTIN #MOSCOW #MEDUZA #VULNERABILITY #ELECTION #CONSTITUION #AMENDMENT

Legal

Property or Not? Bitcoin Thieves Released Because “Bitcoin is Not Property”

A Russian Court recently ruled a Bitcoin theft case as innocent, stating that Bitcoin was not considered a property. The victim sought restitution, after being robbed of 100 Bitcoins.

Shine Li

Jul 02, 2020

| 2 Min Read

#BLOCKCHAIN #BITCOIN #LAW #CIVIL LAW #RUSSIA #CRIME #FRAUD #FINANCE

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