Russia To Create Ruble-Pegged Stablecoin

News | November 5, 2018 By:

Anatoly Aksakov, chairman of Russia’s State Duma Committee on Financial Markets, said that they are considering the creation of a ruble-backed stablecoin.

During a press conference on the growth of the debt load of Russian citizens, Aksakov said that he is confident that the government will back a cryptocurrency,


India Approves Blockchain Research By BRICS Member Banks

Blockchain, News | September 13, 2018 By:

India’s Union Cabinet, the supreme decision-making body in the country led Prime Minister Narendra Modi, has approved a memorandum of understanding (MoU) on a joint research on distributed ledger and blockchain technology.

Earlier this week, the decision-making body announced that it would allow the Export-Import Bank of India (Exim Bank) and banks from other BRICS member states –


Russia’s Ministry Of Internal Affairs Proposes Criminalizing Unregistered Crypto Operations

News, Regulation | August 28, 2018 By:

The Russian Ministry of Internal Affairs is reportedly considering making all unregistered cryptocurrency operations in the country a criminally-liable offense.

According to documents obtained by Russian newspaper Izvestia, the Internal Affairs Ministry’s Main Directorate for Drugs Control (GUKON) has asked the Ministry of Finance for an amendment to current tax regulations that require persons or entities to register with state tax authorities if they want to conduct crypto transactions.