‘Disappointed’ by Central Bank-Backed Blockchain, Russia’s Largest Bank Eyes Alternatives

2019-7-2 11:00

Enterprise blockchain project Masterchain is falling short of expectations – and Russia's largest bank is looking for other options.

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Putin ‘Not Going To Ban Bitcoin In Russia’ As He Supports Proposal To Regulate Crypto Mining

Russia’s government and central bank (the Bank of Russia) advocate for two opposite approaches to regulating cryptocurrencies in general and Bitcoin mining in particular. The Bank of Russia has issued a proposal to prohibit mining in the territory of the Russian Federation, while Russia’s government offers a more moderate strategy regarding taxing and regulating this […]

2022-1-27 20:48


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Russia Central Bank Head: Cryptocurrency Craze Is ‘Fortunately Fading Away’

The head of Russia’s central bank has announced the “cryptocurrency craze” is “starting to fade away” – and that this is a “fortunate” event. Nabiullina: Businesses Taking ‘Sober Approach’ To Blockchain Speaking during the country’s fourth FINOPOLIS innovative financial technology forum in Sochi October 17, Bank of Russia’s Elvira Nabiullina signaled a change in the stance of “businesses” towards technologies such as Blockchain and ICOs.

2018-10-18 15:00


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Russia’s Biggest Payments System Qiwi to Open Crypto-Investment Bank

QBT, a daughter company of Russia’s largest electronic payments system Qiwi, announced it will launch the country’s first ever cryptocurrency investment bank.   Russia’s First Cryptocurrency Investment Bank The new company — which will operate under the brand-name HASH — will be registered in Russia, reports Russian news outlet Kommersant.

2018-6-30 05:00


Money Laundering Worries in Lithuania caused by the Roaring Cryptocurrency Market

Now, this intense interest in the country’s virtual currencies space is stoking fears of money laundering from the Russian criminal underground. Pushback Against Illegal Money from Russia According to a report on Politico, Marius Jurgilas – a board member of the Bank of Lithuania –  discussed concerns that the Baltic state has with money pouring

2018-6-26 09:18


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Russia’s Largest Banks are building Bitcoin and Crypto Portfolios

Two of Russia’s largest banks are piloting cryptocurrency portfolios for their private clients, the Kommersant newspaper reported Friday. Sberbank, the main state-owned bank responsible for processing government employee paychecks, and Alfa Bank, the largest private bank in the nation, plan to enter crypto trading with the help of the AddCapital investment fund, the National Settlement

2018-6-18 10:31