The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian Authorities Move to Legalize Crypto Economy The Russian government “has determined the […]

Russia’s government will present regulatory solutions for crypto by the end of the next working week as documents from recent meetings show so let’s read more in today’s crypto latest news. The executive power in Moscow likes regulation better than prohibiting crypto overall and other related activities. Russia’s government will present a new regulatory solution […]

Private individuals mining cryptocurrency may expect a higher tax burden than businesses involved in the industry, a high-ranking member of the Russian parliament has indicated. While the extraction of digital currencies is yet to be regulated in Russia, authorities lean towards recognizing it as an economic activity, which will allow the government to tax mining […]

The cryptocurrency industry is attracting more and more attention as the global population becomes more sophisticated. Different countries have different attitudes towards this emerging technology. While some of them are friendly, others remain reluctant. However, this does not stop people from taking an interest in digital assets.

The industry organization of Russian energy suppliers has come up with ideas on how to combat cryptocurrency mining in homes, basements and garages. The association believes the phenomenon is the main issue with mining in Russia as authorities prepare to legalize it. Suppliers Move Against Mining With Cheap Electricity The Russian association of energy suppliers […]

Russians are believed to collectively hold more than 16.5 trillion rubles, or around $214 billion, worth of cryptocurrencies, according to estimates from government officials based on the IP addresses of users are crypto exchanges and “other information.” The $214 billion figure is equivalent to around 12% of global cryptocurrency holdings or a third of the […]

Russians may own more cryptocurrency than previously thought, a new estimate reportedly used by the government has indicated. The quoted figure amounts to over a tenth of the global holdings and may serve as an impetus for the government to regulate Russia’s crypto market rather than outlaw it. Estimated 12% of Crypto Allegedly Held by […]