Bank of Russia Confirms There Will Be No Bitcoin Ban After All

Bank of Russia Confirms There Will Be No Bitcoin Ban After All

It is impossible to stop the Bitcoin movement, that much has become evident. Excluding Bitcoin from Russia would do more harm than good in the long run. Russia has always had an unusual relationship with Bitcoin and cryptocurrency. It has been unclear how the situation will evolve for quite some time now. A new statement by the Bank of Russia hints at no further action being taken against the usage of Bitcoin. Another positive sign for Bitcoin on a global scale, although this does not mean cryptocurrency is legal in Russia all of a sudden. People have to keep in mind this statement does....


Related News

Anonymous Claims It Has Released 28GB of Bank of Russia Documents

Hacking group Anonymous has reportedly published a large amount of data allegedly belonging to the Bank of Russia. The release comes after the collective announced it had hacked Russia’s central bank earlier this week, a claim that was denied by the monetary authority in Moscow. Anonymous Publishes Leaked Bank of Russia Files A group affiliated with the international hacktivist collective Anonymous, identified by the Twitter handle @Thblckrbbtworld (The Black Rabbit World), has announced it leaked 28GB of data obtained from the Central Bank of Russia (CBR). Another....

Bank of Russia Sets Up Taskforce to Explore Bitcoin and FinTech

It may come as quite a surprise to some people, but the Bank of Russia will be exploring what Bitcoin technology has to offer to the financial world. The status of Bitcoin in Russia seems to be changing on a day-to-day basis. One day, government officials want to abolish the digital currency and make using Bitcoin punishable by law. The next day, the Bank of Russia announces they are looking to explore the possibilities and boundaries of Bitcoin technology. Trying to make sense of all of this is becoming rather difficult, but it is good news to see the Bank of Russia keeping an open mind.....

Deutsche Bank to Exit Russia, Says There Will Be No New Business There

Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted. Amid Ongoing War in Ukraine, Deutsche Bank Pulls Out of Russia Deutsche Bank, Germany’s largest banking institution, is scaling down operations in the Russian Federation. The bank announced its move in a statement posted on Twitter late on Friday, condemning Russia’s invasion of....

Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Ab...

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....

Anonymous Says It Hacked Bank of Russia, Monetary Authority Denies Claim

Anonymous has attacked the Central Bank of Russia (CBR), according to a post on social media. The hacking group, which vowed to hit Russian government websites after Moscow launched its military assault on Ukraine, now says it’s also targeting foreign companies still operating in Russia. Anonymous Threatens to Release Thousands of Bank of Russia Files A twitter account associated with Anonymous announced on Thursday that the collective has hacked the Central Bank of Russia (CBR). “More than 35.000 files will be released within 48 hours with secret agreements,”....