Tagrussia

Russian Court Bans Telegram on Heels of $1.7 Billion ICO

Telegram ICO

A Russian court has levied an official ban against messaging app Telegram, just weeks after its initial coin offering (ICO) presale raised nearly $2 billion in two private funding rounds. Tagansky court judge Yuliya Smolina ruled against Telegram on Friday, siding with communications regulator Roskomnadzor’s request for the authorization to block access to the app on the grounds that the company...

Russian Police Crackdown on Illegal Cryptocurrency Mining Farm

bitcoin mining farm

Police in Russia have developed a case against two organizers of a cryptocurrency mining farm in Orenburg, according to Irina Volk of the Ministry of the Interior of the Russian Federation, RIA56, a Russian news source, reported. More than 6,000 pieces of computer equipment were discovered at the former plant of the RTI which police believe was a mining farm. Police had installed agents at the...

To Russia with Bitcoin: Hotels Will Accept Cryptocurrency During the World Cup

The world's biggest sporting event is just a few months away and fans are flocking to online websites to book their seats in Russia. Luckily for crypto users, Kaliningrad, one of the cities hosting the matches, is now offering cryptocurrency payments for hotel rooms. Buying Business Travel Russia reported that Apartments Malina has teamed up with the online payment system, Free-Kassa, to allow...

Russia's Gazprombank to Test Cryptocurrency Transactions In Switzerland

Gazprombank cryptocurrency

Gazprombank, the third-largest bank in Russia, plans to conduct cryptocurrency transactions in Switzerland later this year as part of a pilot program through its Swiss subsidiary. Aleksandr Sobol, the deputy chairman of Gazprombank, said the state-owned bank decided to try out crypto deals in response to demand from several major private clients. “This will not be on a grand scale, but for...

Venezuela Isn't Paying Debts in State Crypto Petro: Russian Official

Petro Venezuela Russia

A senior Russian official has confirmed that Venezuela’s debt to Russia, a total of $3.15 billion owed to the Kremlin over a 10-year period, will not be repaid in any part with Venezuelan state cryptocurrency petro. Konstantin Vyshkovsky, chief of the Russian finance ministry’s state debt department, told reporters on Tuesday that Venezuela has not offered to pay part of the debt owed to Russia...

Russian Official Refutes Country’s Role In Venezuela’s Petro Crytpocurrency

moscow

A Russian official claims that his country never partnered with Venezuela on the Petro, Venezuela's national cryptocurrency, Russia's news source Tass reported on Friday. The Petro marks the world’s first state cryptocurrency. Artyom Kozhin, deputy director of the information and press department of the Russian Foreign Ministry, on Friday claimed a news story published by Time magazine and other...

Russia ‘Secretly’ Helped Venezuela Launch State Crypto Petro: Report

venezuela nicolas maduro vladimir putin petro cryptocurrency

Venezuela’s oil-backed cryptocurrency, the Petro, was the work of a joint collaboration between Venezuelan and Russian government officials with Putin’s personal approval, Time Magazine said Tuesday. Citing anonymous sources close to the ‘half-hidden joint venture’ between Venezuelan and Russian officials, Time Magazine is reporting that Russian president Vladimir Putin signed off on Kremlin...

Russia is Considering Relaxed Rules for Cryptocurrency Adopters

Russia Bitcoin

Russia's plan to regulate cryptocurrencies and initial coin offerings lead to the first draft of the federal law "On Digital Financial Assets". According to translated documents, the law stated: This federal law regulates the relations arising in the creation, issuance, storage and circulation of digital financial assets, as well as the exercise of rights and performance of obligations under...

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