Why Russia's Draft 'Anti-Bitcoin' Law May Be Flawed
A draft of a new Administrative Violations Code was submitted to the State Duma, the Russian Parliament, in December 2015. The bill is an extensive document covering a wide range of issues including tough regulation of 'money surrogates'. But what might it mean for bitcoin and other digital currencies? Vladimir Pligin, head of the State Duma’s Constitutional Law and State Building Committee, has indicated the new bill will be considered by the Duma this February. Still, it is uncertain how this comprehensive document will be considered by the Duma in such a short period of time. The....
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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....
Russia will not have Bitcoin regulation anytime soon as the country's finance ministry considers reviewing the current draft law. Russia’s stance towards Bitcoin and other cryptocurrencies has taken a U-turn. Last week, the country’s finance ministry stated that it is not in a hurry to introduce the Bitcoin draft law. The ministry is planning to review the draft once again. Alexei Moiseev, the Deputy Finance Minister of Russia has announced that the ministry will not be pushing for a direct blanket ban on Bitcoin in the country. According to Moiseev, the review process will involve the....
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....
Russia and bitcoin have not exactly been on good terms. The country showed a particularly strict attitude towards the digital currency and was looking to enforce a ban that would threaten any users with heavy fines and other forms of punishment should they engage in the "pleasures of bitcoin." It appears that while on the playground, Russia had primary control over the sandbox. However, now that sandbox is possibly up for grabs. Following the Ruble's massive drop in value, the country seems to be reconsidering its approach to bitcoin and digital currencies, and the ban it was once aiming....
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....