Russian Central Bank’s Deputy Governor: Blockchain Tech Still Needs to ‘Mature’

By | May 26, 2018

Russian Central Bank’s Deputy Governor: Blockchain Tech Still Needs to ‘Mature’ First Deputy Governor of the Russian Central Bank Olga Skorobogatova has said that blockchain technology is not yet “mature” enough for industrial-scale use, local media outlet Prime reports today, May 26. During a discussion at the St. Petersburg International Economic Forum, Skorobogatova suggested that the emerging technology… Read More »

Russian Institutions Test Central Bank’s ICO Platform

By | May 25, 2018

Russian Institutions Test Central Bank’s ICO Platform Two Russian financial institutions prepare to test a new regulatory platform with hopes of making ICOs more secure and transparent. Russia’s National Settlement Depository (NSD) and Sberbank CIB will test a new regulatory platform created by the Bank of Russia, the country’s central bank. Both banks’ core lines of business include… Read More »

Russian Central Bank to Pilot First Official ICO

By | May 24, 2018

Russian Central Bank to Pilot First Official ICO Russian bank Sberbank CIB and the National Settlement Depository (NRD) will pilot the country’s first official Initial Coin Offering (ICO) using the Bank of Russia’s regulatory sandbox, ForkLog reports today, May 24. Sberbank CIB, the investment banking arm of major state-owned bank Sberbank, and NRD, which is part of the… Read More »

Russian Central Bank cracks down on cryptocurrencies

By | May 24, 2018

Russian Central Bank cracks down on cryptocurrencies The Governor of the Russian Central Bank called cryptocurrencies “crypto thing” and stressed that these assets can not be considered as money or reliable store of value. Elvira Nabiullina, head of the Russian Central Bank, said that the regulator was concerned about the legal status of cryptocurrencies as the purposes of… Read More »

Asian Altcoin Trading Roundup: Steem Steams Ahead

By | May 23, 2018

Asian Altcoin Trading Roundup: Steem Steams Ahead The rout has continued and markets have fallen faster again today. Selling pressure could not be overcome and has accelerated through the morning in Asia with markets tumbling towards $300 billion. Bitcoin has continued to slide falling back 4% on the day to $7,600. In the time tested formula, altcoins have… Read More »

Russia Cryptocurrency “Rights” Bill Passes State Duma

By | May 22, 2018

Russia Cryptocurrency “Rights” Bill Passes State Duma A bill defining (and to a lesser degree, regulating) cryptocurrency has passed the lower house of the Russian parliament. More cryptocurrency legislation is expected to follow. The lower house of Russia’s legislature, known as the State Duma, has passed a bill establishing legal definitions for a variety of blockchain-related terms and… Read More »

Russian State Duma Almost Unanimously Approves First Reading of Crypto Industry Bill

By | May 22, 2018

Russian State Duma Almost Unanimously Approves First Reading of Crypto Industry Bill Russia’s parliament the State Duma approved the first reading of new laws regulating the crypto industry Tuesday, May 22. The laws define cryptocurrencies and tokens as property, and lay out specifications for interacting with crypto and blockchain-related technologies.   The bill, “On Digital Financial Assets,” which has… Read More »

Russian Minister Of Justice Defines Cryptocurrency As 'Other Property'

By | May 21, 2018

Russian Minister Of Justice Defines Cryptocurrency As 'Other Property' Russia’s Justice Minister gives cryptocurrency a legislative definition in an attempt to clarify current regulations. Russia has had a tumultuous relationship with cryptocurrency in the past, but on Friday, the Russian government took what could be a big step towards defining what cryptocurrency is, and how it will be… Read More »

Iran and Russia Discuss Transacting in Crypto to Avoid International Sanctions

By | May 18, 2018

Iran and Russia Discuss Transacting in Crypto to Avoid International Sanctions Iran and Russia could start using cryptocurrencies to avoid Western sanctions, Russian news portal RBC reported yesterday, May 17. Mohammad Reza Pourebrahimi, the head of the Iranian Parliamentary Commission for Economic Affairs, referred to cryptocurrencies as a promising way for both countries to avoid US dollar transactions,… Read More »

Cryptocurrencies to be Called “Digital Money” in Russia, Tokens – “Digital Rights”

By | May 18, 2018

Cryptocurrencies to be Called “Digital Money” in Russia, Tokens – “Digital Rights” Russia’s Prime Minister Dmitry Medvedev has shed some light on the progress authorities are making towards adopting the long-awaited crypto regulations. Legislators will replace common words like “cryptocurrencies” and “tokens” with legal terms such as “digital money” and “digital rights”, he revealed. Two draft laws have… Read More »