Bitcoin flirting with a Russian accent belies Confidence
In spite of the gloom descending over Russia regarding Bitcoin, it would seem not everyone shares the government’s opinion. While the Duma recently moved to impose tough restrictions on private electronic money transfers and ban “surrogate currencies”, Russia Today recently published two articles which were considerably more positive. Inexplicable U-Turn? From its critical tone earlier this year, broadcasting the Russian Central Bank’s warnings about using cryptocurrencies, as of April 24 the service now carries an interview with ‘Bitcoin Jesus’ Roger Ver under the headline “‘Bitcoin....
Related News
The Central Bank of the Russian Federation will consider ways to use bitcoin blockchain technology when it meets in June as oil exporting countries such as Kazakhstan wrestle with eroding confidence in currency caused by low oil prices. Grigory Marchenko, the ex-chairman of the National Bank of Kazakhstan, wondered what impact cryptocurrency would have on the country’s monetary policy as it struggles to find a solution to the negative impact of low oil prices, according to nur.kz, a Kazakhstan news site. Marchenko said the country’s currency exchange rate is tied to the price of oil. Three....
It is taking more rubles to trade for dollars and bitcoins. Chart via Yahoo Finance. One of the most interesting things to look at when it comes to tracking Bitcoin adoption around the world is the current state of fiat currencies. In the past, we've talked about the current problems in Argentina and Ukraine, and now we can add Russia to the list of countries who are flirting with complete economic turmoil. Over the past few weeks, the Russian ruble has lost 11% of its value against the US dollar. When you annualize this inflation, you get an inflation rate of just over 90%. Most....
Russian lawmakers have approved amendments regulating the taxation of transactions with digital assets. The legislation concerns business operations with cryptocurrencies and tokens. In some cases, the burden for Russian companies will be reduced as compared to foreign entities. Russian Duma Passes Law to Tax Crypto Transactions A bill amending the Tax Code of the Russian Federation to allow the authorities in Moscow to tax operations with digital financial assets (DFAs) has been approved on second, third, and final reading in the State Duma, the lower house of Russian parliament. The....
Following three unsuccessful attempts by various firms to register the “Bitcoin” trademark in Russia, the Russian patent agency, Rospatent has granted the request for LLC “Bitcoin” to Russian Blockchain.community founder, Alex Fork. Request No. 552645 to trademark the name “Bitcoin” has been granted in Russia, reported Russian media outlet Plusworld. The....
European bitcoin exchange operator BTC-e has revealed that users in the Russian Federation won’t get access to its website following a ban imposed by a Russian regulator today. In what may be sign of things to come prior to the review of a draft bill that seeks a Bitcoin ban by the Russian legislature , the official twitter account of European bitcoin and alt coins exchange BTC-e has revealed that it won’t be accessible by Russian users. The tweet mentions a lock by Roskomnadzor, the Russian telecom regulator which effectively puts the domain btc-e.com in a blacklist that will not be....