Is Russia wavering on its anti-Bitcoin stance?
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,....
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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....
"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....
The Russian anti-censorship organization «РосКомСвобода» / RuBlackList. NET announced today on their Google+ profile that they are now accepting bitcoin donations. The person that sent the tip to CCN explains: Even though anyone involved in Bitcoin in Russia is at risk of being prosecuted, the main Russian anti-censorship non-profit organization has announced today that they are starting to accept donations in bitcoin. Very bold move, considering the legal environment. Bitcoin businesses and organizations in Russia are having a hard time since Russia decided to ban the use of bitcoins. The....
The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on the matter comes after it softened its stance on the possible use of cryptocurrencies for payments, even if only internationally.
Central Bank of Russia to Accept Legalization of Cryptocurrency Mining
The monetary authority in Moscow is now ready to back the legalization of crypto mining under the condition that Russian miners are obliged to sell the coins they obtain in....