Russia

Russia’s Central Bank Proposes New Token Framework, But Labels Crypto Transactions ‘Suspicious’

The Central Bank of Russia (CBR) has formally proposed a legal framework for tokenization, but also plans to label cryptocurrency transactions as suspicious activity, it said in a press release Monday. The CBR announced it had successfully piloted a platform that allows users to tokenize assets, including equities and currencies, and issue them to investors. …

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Russian Central Bank Links Crypto Transactions With Money Laundering

The Central Bank of Russia (CBR) published a new set of rules for suspicious transactions, Russian finance publication RBC reported on Feb. 17. The update broadly categorizes any cryptocurrency-linked transaction as a potential money laundering risk. The bank issued an update to directive 375-P, which lists all signs of suspicious activity that may be linked …

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Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles

</header> <strong>A growing number of platforms allow Russian residents to purchase cryptocurrencies with local fiat money. Established cryptocurrency exchanges are not the most trouble-free option, however, as they often require extensive registration and rarely support popular payment methods in the region, unlike small online exchangers and peer-to-peer platforms. </strong> Also read: Russia’s New Prime Minister …

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Binance Adds Support for Fee-Free P2P Trading With Russian Rubles

Binance’s peer-to-peer trading facility has added support for the Russian ruble as the exchange continues to build out its business in the major market. The Malta-based cryptocurrency exchange announced Tuesday that users would be able to trade rubles directly with bitcoin (BTC), ether (ETH), tether (USDT) and binance coin (BNB) without any transaction fees. This …

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Russian hacker behind an elite crime forum pleads guilty to multiple charges

Sponsored Links dusanpetkovic via Getty Images Last week, a well-connected Russian cybercrime boss, Aleksei Burkov, pleaded guilty to running an online criminal marketplace and a site that sold stolen credit and debit card data. What’s even more intriguing, than the $20 million in fraudulent purchases that Burkov’s site facilitated and the exclusive cybercrime ring he …

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Alexander Vinnik Accused of Laundering Billions Through BTC-e Extradited to France

</header> <strong>Alexander Vinnik, the Russian-born IT specialist who spent over two years in detention in Greece, where he was arrested on a U.S. warrant, is now in Paris. The alleged BTC-e operator, suspected of laundering at least $4 billion through the now defunct crypto exchange, has been handed over to France after the Greek judiciary …

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Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies

</header> <strong>In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with t</strong><strong>he U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto …

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Russia’s New Prime Minister Has an Opinion of Cryptocurrencies

</header> <strong>The Russian Federation has a new prime minister, Mikhail Mishustin, with a track record of statements regarding cryptocurrencies and an affection for digitalization.</strong><strong> A stated goal of his government will be to turn the country into a digital platform</strong><strong> “for the people.” Time will tell, however, whether his plan encompasses the legal use of …

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Direct Democracy Party to Solve Issues With Crypto Rights in Russia

</header> <strong>A new political force is being born in Russia out of the country’s tech business circles. The idea has been conceived by representatives of the country’s growing digital economy sector who want to embark on finding solutions to numerous issues that concern the crypto space. </strong> Also read: Eastern Europe Sees More Fiat Options …

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Russia’s New Prime Minister Sets Course for Digital Economy

The Prime Minister of the Russian Federation has called on the country to prioritize the development of the digital economy. As domestic news outlet RIA Novosti reported on Jan. 16, Mikhail Mishustin — who was confirmed in the position as the Prime Minister earlier today — noted some key priorities for his work and outlined …

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