Russia

Bank of Russia Confirms its Study on Digital Ruble
Oct 15, 2020 at 13:56
News
Bank of Russia Confirms its Study on Digital Ruble
The digital ruble should become the digital currency of the Russian Central Bank, and have all the necessary to perform the functions of money, stated the regulator in its latest report.
The Ministry of Finance of Russia Wants Cryptocurrency Users To Declare Their Wallets and Transaction
Sep 28, 2020 at 12:02
News
The Ministry of Finance of Russia Wants Cryptocurrency Users To Declare Their Wallets and Transaction
The Ministry of Finance of Russia has recently represented an update for the regulation of cryptocurrencies. Their new proposal includes an obligation for all Russian cryptocurrency holders to declare transactions on cryptocurrency and reporting on holding cryptocurrency wallets.
Ukraine and Russia at the Forefront of Embracing Cryptocurrency
Sep 17, 2020 at 13:30
News
Ukraine and Russia at the Forefront of Embracing Cryptocurrency
Eastern European countries are topping the list in cryptoasset adoption speed. Particularly, Ukraine and Russia have topped others because they have unduly intensive cryptocurrency usage. This shows that a bigger ration of nationals has moved away from traditional monetary activity to cryptoassets.
Microsoft to Take Part in Developing Corporate Blockchain in Russia
Jul 17, 2020 at 12:13
News
Microsoft to Take Part in Developing Corporate Blockchain in Russia
Global tech giant Microsoft is going to contribute to the development of a Russian corporate blockchain. The company’s representative office in the country signed a memorandum with a blockchain startup to enhance the technology development in the country.
Vulnerability in Russian Blockchain Voting System Enables Forcing People to Vote
Jul 03, 2020 at 10:25
News
Vulnerability in Russian Blockchain Voting System Enables Forcing People to Vote
The Blockchain-based voting system announced in Russia has a vulnerability allowing for decrypting votes before the official end of voting. This feature questions the anonymity of voting, thus making it possible to manipulate people’s votes by forcing them.
Bank of Thailand Plans to Create Digital Currency Prototype for Corporate Sector
Jun 20, 2020 at 11:01
News
Bank of Thailand Plans to Create Digital Currency Prototype for Corporate Sector
The Central Bank of Thailand (BoT) is creating a CBDC prototype called Project Inthanon for the business and corporate sectors.
Cryptocurrency Ban to Cost Russia More Losses Than Gains
Jun 15, 2020 at 12:18
News
Cryptocurrency Ban to Cost Russia More Losses Than Gains
The Russian Ministry of Economics criticized the recent law on digital assets adopted by the State Duma. It practically bans the use of cryptocurrency within the country, however, such an attitude might cause Russia huge losses.
Russia Is Going to Miss the Central Bank Digital Currency Train
Apr 30, 2020 at 08:28
News
Russia Is Going to Miss the Central Bank Digital Currency Train
While global giant economies including the USA and China are looking to issue their Central Bank Digital Currency (CBDC), the President of Russia, Vladimir Putin, announced they are not going to develop a national cryptocurrency.
State Law on Cryptocurrency in Russia is Pending due to Coronavirus
Apr 04, 2020 at 13:58
News
State Law on Cryptocurrency in Russia is Pending due to Coronavirus
This week, Russia’s State Duma announced that the cryptocurrency bill is ready to see the world, but the coronavirus defers the date. This legislation will give some important outlines on digital currency in the country and may even prompt the issuance of a digital Ruble.
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