Industry Report: Moscow Gets its First Bitcoin Exchange
Moscow opens its first digital currency exchange, California shelves its plans to regulate bitcoin, and the Bank of England looks to manage cryptocurrency. Want to catch up on the latest digital currency news? Take a look at the stories below. MOSCOW. After years of marking bitcoin as a magnet for criminal activity, Russia shocked the world last week when it announced it was looking into taxing bitcoin transactions rather than penalizing them. Naturally, crypto-enthusiasts chalked this up as a random change in status. The devaluation of one’s national currency (in this case, the ruble) is....
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Authorities in the Netherlands have arrested a Russian national with a cryptocurrency business, the Foreign Ministry in Moscow has confirmed. The man involved in the establishment of two crypto exchange platforms was apprehended earlier this month, reportedly on a request from U.S. law enforcement. Russian Founder of Cryptocurrency Exchangers Detained in Holland Denis Dubnikov, co-founder of cryptocurrency exchange platforms Coyote Crypto and Eggchange, has been arrested in Amsterdam, on Nov. 1. A report by crypto news outlet Forklog quoted the spokesperson of the Ministry of Foreign....
The Moscow Exchange has proposed to legalize the issuance of receipts for digital financial assets. The trading platform says this will allow custodians to offer clients who are not ready for distributed ledgers to essentially work with securities. MOEX also plans to become a licensed crypto exchange operator. Largest Russian Stock Exchange Gears Up to Enter Digital Asset Market The leading exchange for equities and derivatives in Russia has drafted new legislation that would authorize depositories to issue receipts for digital financial assets (DFAs). In current Russian law, the broad....
Days after Russian authorities reversed plans to penalize bitcoin use, the country’s capital has unveiled that it has opened its first digital currency exchange. Launched in Moscow, the bitcoin exchange was opened by a team of bitcoin enthusiasts who will provide a 24/7 offline service for exchanging the digital currency, according to local news report, ForkLog.com. Located at Novy Arbat, 8 St., the exchange currently only allows ‘one-way’ exchange where customers can sell bitcoins with the exchange carried out in private. Buying the cryptocurrency is unavailable at the exchange for now.....
Russia may establish a dedicated exchange to carry out cryptocurrency transactions locally, a high-ranking member of the State Duma has suggested. The new platform can be hosted by the Moscow Exchange, according to Anatoly Aksakov, head of the parliamentary financial market committee.
Russian Authorities Mull Creating Domestic Cryptocurrency Exchange
A crypto trading platform may be established at the Moscow Exchange (MOEX), according to a statement by Anatoly Aksakov, who chairs the Financial Market Committee at the State Duma, the lower house of Russian parliament.
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Government officials in Moscow today revealed plans to investigate applications of blockchain technology. According to a report by Gazeta.ru, Deputy Head of the Department of Information Technologies (DIT) of Moscow Andrey Belozerov said that the agency is now exploring how to apply blockchain to various use cases, including voting fraud. One proposal, according to the news source, would find Moscow incorporating blockchain into Active Citizen, an in-progress e-government effort aimed at getting citizens more involved in local decision-making. Sberbank, one of Russia's largest banks, may....