Russia's Anti-Bitcoin Stance May Be Softening, Reports Say
The Bank of Russia has issued a formal response to a letter penned by a citizen requesting more detail on its alleged banning of digital currencies this past February, reports suggest. The letter asserts that a meeting of top Russian financial authorities in February did not result in a bitcoin ban, but rather was devoted to "combating crimes in the sphere of the economy devoted to the use of anonymous payment systems and cryptocurrencies on the territory of Russia". The statement has appeared translated into English on Bitcoin In Russia, and in Russian on BTCRussia, and Habrahabr, among....
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The Federal Security Service of the Russian Federation has issued a draft order allowing its agents to request information from cryptocurrency platforms among other organizations. The move follows changes made to the anti-corruption legislation in Russia, the agency noted. FSB Wants Access to Crypto Data for Anti-Corruption Checks in Russia Russia’s main law enforcement agency, the Federal Security Service (FSB), has decided to grant its employees additional powers to acquire information from various organizations and institutions as part of efforts to combat corruption. A draft....
Sina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more profoundly in the last days with the crackdown of the state on crypto trading and mining. Sina Weibo Suspends Crypto-Related Accounts Sina Weibo, the Chinese substitute for Twitter, has recently banned the accounts of a large amount of cryptocurrency and decentralized finance (defi) related....
Russia’s central bank offered a formal response to a letter written by a Russian citizen in February asking for more information on why the government allegedly banned cryptocurrencies earlier this year. The bank contends that it did not ban Bitcoin outright but was committed to “combating crimes in the sphere of the economy devoted to the use of anonymous payment systems and cryptocurrencies on the territory of Russia.” Either way, the bank’s statement seemed sufficient to downgrade Russia’s status on BitLegal.io from “hostile” to “contentious.” Below is the full text of the statement,....
"We don't plan to close." Such is the resolve of BTC-e, the largest exchange for the Russian ruble, heading into spring 2015. The informal date has been on the minds of many in the bitcoin community since it was first billed as when Russia would ban bitcoin in August of last year. The most recent comments suggesting this probable future were issued by deputy finance minister Alexei Moiseev on 20th March. In new statements, the official in charge of coordinating Russia's financial policy doubled down on his past terse dialogue toward cryptocurrencies, stating that the action will take place....
The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a bill tailored to regulate cryptocurrency mining to the Russian parliament.
Russian Miners Using Household Electricity Should Pay Higher Bills, Anti-Monopoly Body Says
Russia’s Federal Anti-monopoly Service (FAS) has designed a scheme to charge amateur crypto miners increased rates for the electricity they use. The agency insists its approach to solving the problem with....