Russia Sets Two Government Agencies To Educate Citizens on Cryptocurrency

Announcements, Blockchain, News | October 31, 2017 By:

Two consumer agencies designed to educate citizens on the intricacies of cryptocurrency are reportedly set to be created in Vladivostok, Russia. The move follows Russian President Vladimir Putin’s recent mandate on cryptocurrency regulations, which are set to be finalized in July of 2018.

The new government agencies will be the Crypto-Advisory and Crypto-Detective agencies,


Putin Gives Russia Five-Point Plan For Cryptocurrency and Blockchain Issues

Blockchain, FinTech, Innovation, Investing, News, Regulation | October 26, 2017 By:

Russian leader Vladimir Putin has made five Presidential orders concerning cryptocurrency, including one that would require miners to register with the state.

Putin’s orders come as Russia apparently has set its course on cryptocurrency after months of bickering and seemingly contradictory positions.  His orders appear to set a deadline of next July for Russia to define how cryptocurrency fits into the existing financial order.


Russian Central Bank Official Says His Government Will Ban Crypto Exchanges

News, Regulation | October 10, 2017 By:

In yet another move by governments to restrict free-wheeling cryptocurrency trading, Russia’s Central Bank deputy governor Sergei Shvetsov said that his government will ban access to bitcoin exchange websites.

The stunning announcement temporarily knocked bitcoin trading for a loop. At least one exchange experienced a flash crash that sent bitcoin prices plummeting $600 in seconds.


Russia Arrests Three For Shady Bitcoin Transfers

Crime, FinTech, News | September 4, 2017 By:

Three businessmen have been arrested by Russian police for illegally trading in 500 million rubles of bitcoin worth $9 million USD. It is the first criminal case in Russia involving bitcoin sales.

The three face a charge of  “illegal banking,” and came to light when authorities were alerted to unusual activity in certain bank accounts.