Category: Russia

Crimean Government Considers Creation of Blockchain Cluster and Crypto Fund

Crimean authorities are considering creating a blockchain-cluster in the form of a cryptocurrency investment fund to attract tech businesses to the territory. The cluster would be located within the special economic zones (SEZ) in Crimea and its largest city Sevastopol, major state-operated Russian news agency TASS reported Nov. 9. Georgy Muradov, the Permanent Representative of […]

World’s Largest Diamond Producer Alrosa Joins De Beers’ Blockchain Pilot

The world’s largest diamond mining firm, Russia’s Alrosa, has joined the pilot of fellow industry giant De Beers’ diamond supply chain blockchain platform “Tracr,” mining industry news outlet Mining Weekly reports Oct. 29. Alrosa is reported to be the world’s largest producer of raw diamonds in carat terms; together with De Beers, the two firms […]

Russian Lobby Group to Present Alternative Bill on Digital Assets

A lobby group of the Russian Union of Industrialists and Entrepreneurs (RSPP) is working on an alternative crypto regulation bill, which will eliminate supposed contradictions in the state draft law “On Digital Financial Assets,” Forklog reported Thursday, September 14. The alternative bill will be developed by a group of high-ranked Russian managers such as billionaire […]

Major Banks From Member States Sign MoU on DLT Research

Five major banks from each BRICS member state signed a Memorandum of Understanding (MoU) on the development of distributed ledger technology (DLT), according to an official press release July 26. During the 10th International BRICS Summit in Johannesburg, banks from the emerging economies of Brazil, Russia, India, China and South Africa agreed to a joint […]

One Of The Largest Crypto Farms in Russia To Be Established In The Heart Of Siberia

One of the largest cryptocurrency mining farms in Russia will be established in Krasnoyarsk Krai in Siberia, according to Daniel Zakomolkin, director general of the mining company BitBaza, news outlet TASS reported April 12. Zakomolkin said that the region was chosen “from the perspective of energy and cost reduction”. Infrastructure investments are estimated at roughly […]

Russia: State Duma Considers Law ‘On Digital Financial… | News

A group of Russian deputies headed by Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, submitted a draft of federal law on cryptocurrencies and Initial Coin Offerings (ICO) regulations to the State Duma, as reported in an official press release March 20. According to the press release, the documents “On Digital Financial […]

Bank For International Settlements Distances Itself Fr… | News

A new joint European banking report has poured cold water on the effectiveness of so-called central bank digital currencies (CBDCs). The report, submitted by two working groups under the auspices of the Bank for International Settlements (BIS) and European Central Bank (ECB), warns about the “adverse” effect of introducing a CBDC. It also advocates that […]

Russia: Municipal Court In St. Petersburg Rules To Unb… | News

The Municipal Court of Russia’s second largest city, St. Petersburg, annulled a trial court’s previous decision to ban 40 Bitcoin-related websites in the Russian Federation, local news outlet RIA Novosti reported Tuesday, Feb. 27. In July 2017, the Oktyabrsky District Court of St. Petersburg granted the application of the St. Petersburg Prosecutor’s Office and ruled […]