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Russia is facing tough restrictions that could push the country into complete economic isolation. In such a situation, it is only natural to look for alternatives that will help circumvent the restrictions and maintain international relations.

The Russian Central Bank is developing a new set of rules that would require credit organizations and payment service providers to report details of all monetary transactions. This will put pressure on cryptocurrency holders in the country.

The growing popularity of mining cryptocurrencies is prompting people to join this burgeoning industry. On the other hand, such users can also easily fall victim to scammers.

The Russian Energy Ministry confirms that mining cryptocurrencies is not part of daily needs. Therefore, there is no way for miners to benefit from residential electricity rates.

Kazakhstan does not have enough energy capacity to meet the needs of the crypto mining industry. For this reason, many of them are fleeing to Russia and the US.

Representatives of the Liberal Democratic Party of Russia plan to submit a draught law on the regulation of cryptocurrency mining. They also suggest setting up a working group with representatives of various government committees to discuss the issue.

Blockchain regulation in Russia is still in turmoil, as the technology was proposed to be banned by politicians. However, if implemented properly, it could have prevented a massive leak of personal data from 900K clients of three major Russian banks that happened recently.

Market season in Moscow is a very important event. It gathers thousands of farmers from Russia, Armenia, and other countries, who compete for 2,736 trading spots. Due to various farmers’ complaints about the application review system, Moscow’s authorities have decided to implement the Ethereum Blockchain.

The Russian Association of Cryptocurrency and Blockchain (RACIB) will design a set of rules to make ICOs safer for customers to deal with, according to rbc.ru. The project aims at checking the reliability of information about the founders, the business plan, and its perspectives for the future.