Financial Institutions To Use Bank Of Russia’s Regulatory Sandbox For ICO Pilot

Announcements, ICO News, News | May 25, 2018 By:

State-owned Russian bank Sberbank and the National Settlement Depository (NSD) of Russia are planning to run an initial coin offering (ICO) in the central bank of Russia’s regulatory platform.

Launched in April 2018, the Bank of Russia’s regulatory sandbox offers FinTech companies the chance to test new financial services and technologies without the risk of violating domestic law.

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Iran, Russia May Use Cryptocurrency To Avoid US Economic Sanctions

News | May 21, 2018 By:

Mohammad Reza Pourebrahimi, the head of the Iranian Parliamentary Commission for Economic Affairs, has suggested that cryptocurrencies be used to bypass US sanctions.

At a meeting with Dmitry Mezentsev, the Chair of the Federation Council Committee on Economic Policy, Pourebrahimi said that cryptocurrencies could provide a way for Iran and Russia to avoid US dollar transactions,

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Russian Police Shut Down Illegal Cryptocurrency Mining Farm

Crime, News | April 13, 2018 By:

Russia’s Ministry of Internal Affairs (MIA) officers have shut down a cryptocurrency mining farm for not paying several million kilowatt-hours of electricity.

Ministry of Internal Affairs spokeswoman Irina Volk said that the authorities went to inspect a cryptocurrency mining farm in Orenburg after a local energy supplier reported significant power losses coming from the area.

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