Head of Investigative Committee Calls for Mandatory Identification of Cryptoc...
Russians who use cryptocurrency should not be anonymous, the man who chairs Russia’s federal investigating authority has recently stated. The official leading efforts to fight corruption in the government called for additional regulations, including the introduction of mandatory identification for those who transact with digital coins. Anti-Corruption Official Pushes for Rules to Mitigate Risks of Using Cryptocurrency for Illicit Purposes Alexander Bastrykin, head of the Investigative Committee of the Russian Federation, believes that people who use cryptocurrencies should not....
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The Russian Head of the Investigative Committee, Alexander Bastrykin, has an issue with the information age. In fact, the Investigation Chief would like the ways of the Old Soviet Union to take hold of his country again. Bastrykin also has a problem with cryptocurrencies and would criminalize the use of the virtual money if he had his way. In an....
Anatoly Aksakov, head of the Financial Market Committee at the Russian parliament, has reiterated a warning for cryptocurrency investors and insisted that Russians owning coins should declare their digital assets. The parliamentarian also urged for the comprehensive regulation of crypto mining and taxation. Aksakov Warns Russian Crypto Investors They Can Lose Everything Russians have put 5 trillion rubles (around $67 billion) into crypto and some of them may lose everything as cryptocurrencies are not backed by anything, Anatoly Aksakov, a deputy with a key role in the regulation of....
Russia’s Investigative Committee Chairman Alexander Bastrykin has, once again, opined that virtual and cryptocurrencies like Bitcoin are money substitutes or surrogates that need to be outlawed. He also claimed that virtual currencies are “often used” for the financing of terrorism. In a sweeping, wide-ranging column on Russian publication Kommersant, Alexander Bastykin – chairman of the Investigative Committee of Russia and General of Justice of the Russian Federation wrote about extremism in Russia and the ways to curb it. He speaks of a “hybrid war”, one “unleashed” by the United States....
Russia’s Investigative Committee Chairman Alexander Bastrykin spoke about the country’s economy and the usage of cryptocurrencies like Bitcoin in Russia, in an interview today. Brings up previous proposals for criminalizing the production and usage of Bitcoin and other cryptocurrencies. Claims Bitcoin’s rapid spread “will represent a real threat to the financial stability of the state.” Concludes it would be better to prevent spread of “surrogates” like Bitcoin at its initial stage in the market. The head of the Investigative Committee of Russia, Alexander Bastrykin spoke about corruption....
The chairman of Russia's Investigative Committee, Alexander Bastrykin, has said “money substitutes” including bitcoin should be banned before they reach widespread use in the country. Speaking with Rossiyskaya Gazeta last week, Bastrykin warned of the lack of central control and relative anonymity provided by cryptocurrencies such as bitcoin. The latter, he indicated, is a motive for various crimes, including drug and arms trafficking, terrorist financing and tax evasion. Citing data from the Prosecutor General's Office, Bastrykin said illegal payments in “virtual currencies” had helped....