Materials by tag Russia

Last week on Friday, the Central Bank of the Russian Federation made a negative statement against Bitcoin (BTC) and other cryptocurrencies, stating that their fiat currency known as the ruble should be the country’s only legal tender instrument.

An unidentified message was sent to the Russian Railways intimidating with thrilling violence of bombing stations if a named amount of cryptocurrency in bitcoin worth $642,815 (50 BTC or approx. 30 million rubles) aren’t transferred to them as soon as possible. The event has tempted the country’s police to start the investigation into the matter.

The Department of Information Technologies of Moscow (DIT) recently revealed an auction to develop an Ethereum-based distributed ledger tech (DLT) system which can offer administrative electronic services to over 50.2 million residents living in the federal city of Russia, Open Media reports.

US prosecutors recently filed an official complaint against presently-nonoperational cryptocurrency exchange BTC-e and alleged cybercriminal Alexander Vinnik, as per a document filed on Thursday last week in California. Alexander also purportedly holds accounts connected with other major illegal activities, such as the hack of another nonoperational exchange Mt. Gox.

The Russian arms producer, Soyuzmash, seeks to bypass US sanctions using cryptocurrency. The Union of Machine Builders recently requested permission from the Central Bank of Russia to allow it accept payments in Bitcoin for all its activities related to weapons. They believe this will enable them doge the US and other existing international sanctions. Russia is the world’s second main exporter of arms, commanding 21% of the global market, following the US with around 36%.

The 4th largest international forum on blockchain and cryptocurrencies Blockchain Life 2019 takes place in Moscow on October 16th—17th.

On July 25, 2019 in Moscow the III international forum on cryptocurrency mining of TerraCrypto will take place.

The Russian Ministry of Finance discusses the possibility of allowing the buying and selling of bitcoin and other major types of cryptocurrency. The legislators and the finance ministry are preparing to draft a law on the circulation of digital currency in the country, and the idea of ​​accepting their trading is under a serious discussion, however, the final conclusion on this matter has not yet been reached, according to Deputy Finance Minister Alexei Moiseyev.

On June 6-7, the capital of Russia will host Russian Gaming Week by Smile-Expo: an exhibition-forum dedicated to gambling business in Russia and abroad.