TagAnton Siluanov

Russia’s Finance Minister Confirms Upcoming Bitcoin Regulations

The Russian Ministry of Finance has prepared a sweeping regulatory law that will cover many facets of cryptocurrencies like bitcoin in Russia. In an interview with state-owned television broadcaster Rossiya 24 over Christmas, Russia’s finance minister Anton Siluanov confirmed the ministry’s draft law on a regulatory framework for cryptocurrencies. The regulation, as expected, will cover bitcoin...

Putin’s Russia Will Regulate Bitcoin with Control Over Supply & Mining

Vladimir Putin Bitcoin Cryptocurrency

Following a meeting between Russian President Vladimir Putin and financial officials, regulators have decided to officially regulate both the mining and supply of cryptocurrencies like bitcoin. Russian finance minister Anton Siluanov has revealed details of last week’s meeting on cryptocurrencies and financial technologies (FinTech) between Putin and major Russian financial regulators and...

Russia's Tinkoff Bank Is "Almost Ready" to Launch TinCoin, Its Own Cryptocurrency

Tinkoff Bank Cryptocurrency Tincoin

At a time in which Russian central bank officials question whether or not they should legalize cryptocurrencies, the founder of Russian bank Tinkoff, Oleg Tinkov, published a post on his Facebook page in which he states that his bank is “almost ready” to launch its own cryptocurrency, TinCoin. According to reports, Tinkoff bank was founded in 2006 and managed to obtain a large number of clients...

Russian Central Bank Officials Question Plans to Legalize Cryptocurrency

The future of cryptocurrency in Russia remains uncertain, with central bank officials raising questions about legalizing it, according to Bloomberg. Elvira Nabiullina, governor of Russia’s central bank, told a banking congress in Sochi Thursday it is uncertain that the country should legalize cryptocurrency. Dmitry Skobelkin, the bank’s deputy governor, compared cryptocurrencies to a pyramid...

‘No Sense in Banning Cryptocurrencies’, Says Russia’s Finance Minister

Russia’s finance minister has revealed plans to regulate the use of cryptocurrencies in the country, rather than ban them, by the end of the year. Speaking at a financial forum in Moscow, Russian finance minister Anton Siluanov revealed the government’s significantly-shifting stance on regulatory and legal future of cryptocurrencies like bitcoin in the country. After years of Russian authorities...