Archive | russia

Putin Orders the Issue of Russia’s National Cryptocurrency – the Cryptoruble

Russia’s president Vladimir Putin has reportedly ordered the issue of the national cryptocurrency, the “cryptoruble.” The Russian Minister of Communications and Mass Media has revealed some details of this new currency. Also read: Putin Confirms Russia Will Regulate Cryptocurrencies Putin’s Executive Order Russia’s Minister of Communications and Mass Media, Nikolay Nikiforov, said at a closed meeting […]

Will Russia Push Mining Regulation and Stop Subsidizing Electricity Costs?

The digital currency community in Russia has been facing uncertainty for the last few months due to the government’s passive-aggressive stance toward possible regulation. Now, it seems that despite recent statements condemning cryptocurrencies, bitcoin mining might become a legal endeavor for those who are interested. Bitcoin mining to exit the legal gray area Not long ago, […]

Russian Finance Minister: We Will Control the Issuance and Circulation of Cryptocurrencies

It will take a significant amount of time until we finally know how Russia truly plans to treat cryptocurrencies. Just in this past week, we have seen more conflicting reports on the matter than ever before. It turns out the rumored ban on cryptocurrencies will not entirely happen, although significant restrictions will be put in place. […]