Russia’s Relationship with Bitcoin May See Brighter Days Ahead
The state of bitcoin’s legality in Russia has been shaky over the past couple of years. Reports of bitcoin bans, jail sentences for holding cryptocurrencies, and other regulatory policy headlines have spread like wildfire. Throughout many of these stories Russia’s Deputy Finance Minister, Alexey Moiseev, has often shared very bi-polar messages concerning....
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Despite the recent court ruling that overturned a previous decision to block access to at least five Bitcoin websites, Russia’s supervision agency has blacklisted one of the country’s most popular Bitcoin-related websites. On May 27, Russia’s Federal Supervision Agency for Information Technologies and Communications (Roskomnadzor) effectively blocked access to one of Russia’s most popular Bitcoin news websites, BitNovosti.com. When attempting to access the domain within the country, users are instead met with the following message from the authorities: “This site has been blocked by order....
A rare addition to Russia’s Bitcoin ATM count has appeared in the country’s second city of St. Petersburg. The machine, operated by cryptocurrency exchange Bitlish, provides Bitcoin, Ethereum, Litecoin and Zcash purchasing facilities with an automatically-updating exchange rate. The machine can be found in a shopping center at Sredny Prospekt V.O. 36, located on the city’s Vasilevsky Island. The installation is likely a result of Bitlish’s push for more ATMs in Russia, which due to legal concerns has hosted only a couple of machines. The exchange demonstrated its fleet of ATMs at a recent....
The last ten days have seen all resistances give way. Ten day ago, I was telling you “The coming days do not look bright, and Bitcoin could well get bellow $255 quite fast.” Well… The coming days aren’t any brighter. Now there is no resistance left, Bitcoin could fall to $100 without surprising me. In this context, some of you may want to diversify in other altcoins. Be, however, careful with this: remember the first rule mentioned in the previous article: The market is always right. The second rule is that if the price is king, the liquidity is queen. There are numerous altcoins around,....
The draft bill comes after the government gave the green light to Bitcoin regulation, disregarding the Bank of Russia’s concerns.
Ethereum founder Vitalik Buterin recently spoke on the possibilities of applying his decentralized smart contracts platform in Russia, the proposed cryptocurrency ban in the country, and talked with representatives from the country’s central bank at a fintech event held in Russia’s “Silicon Valley.” Ethereum Fuels Russian Interest. The event was held on....