Crypto Traders Beware: Russia’s New “Regulated Only” Regime Could Cut You Off...
Russia’s government has just approved a package of crypto regulation bills that make trading through regulated intermediaries the only legal route, highly limiting off retail access. An Authoritarian Crypto Restriction? On Monday, the Russian Ministry of Finance said in a press release that Moscow had greenlit a bundle of draft laws to legalize the circulation […]
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There’s a lot of ways to make – and lose – money during a bear market. While the crypto market has rallied strongly this month, it’s too early to venture that the era of “up only” has returned. For traders trying to preserve their precious capital during an extended market downturn, there are numerous money-making […]
One of the biggest Bitcoin critics, Russian official Anatoly Aksakov said he wanted to buy Bitcoin before the ban but the price was too high. Anatoly Aksakov, a member of the Russia’s State Duma and a key spokesman for the country’s cryptocurrency legislation process, claimed that he has never owned any Bitcoin (BTC).Aksakov said that he doesn’t hold any Bitcoin and likely won't, as the government has prohibited officials from purchasing crypto, local news agency TASS reports Thursday.The official went on to say that he was willing to buy some Bitcoin as an investment before the ban came....
Russia has officially unveiled a sweeping legal framework to integrate crypto into its foreign trade system, a move widely seen as a direct response to mounting Western sanctions. Related Reading: The XRP Shockwave Will Hit When No One’s Watching—Analyst The Ministry of Finance and the Central Bank have agreed to legalize crypto settlements for international trade, allowing Russian exporters and importers to transact in Bitcoin and other digital assets. This follows an experimental legal regime introduced in September, which tested crypto use for cross-border settlements. BTC's price....
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....
Russia’s Federal Tax Service proposed a change to the “On Digital Currency” legislation allowing entities to accept bitcoin as payment in foreign trade.