Visa and Mastercard could attempt a return to the Russian market, but the nation's financial system has progressed significantly since their exit.
Russia's Deputy Energy Minister suggests banning crypto mining in energy-deficient regions due to excessive power usage, advocating for self-generated energy instead.
The Russian State Duma has passed a law enabling regional bans on cryptocurrency mining. Effective November 1, the law aims to regulate the mining industry, transferring miner registration to the Federal Tax Service (FTS) and prohibiting services to non-registered individuals.
Russian cryptocurrency miners may operate under new laws by December, as the State Duma reviews tax code amendments. The changes aim to generate federal revenue from mining, with proposals for corporate income tax on data center operations and a variable rate single tax for others. This marks significant regulatory developments for the industry.
The Russian State Duma is planning to enhance the digital ruble platform with anti-money laundering measures through a bill. It aims to enable banks to block suspicious transactions and is set to take effect on January 1, 2025.
The BRICS Unified Exchange is proposed to use blockchain and virtual currency for settlements to enhance economic independence and sovereignty among member countries.
Russia is shaping its legal and regulatory framework for cryptocurrency in 2024, reflecting a global trend to manage the evolving digital asset industry.
Russia has legalized cryptocurrency mining through new legislation signed by President Vladimir Putin. The laws, passed by the State Duma, will be effective from November 1, 2024.
Anatoly Aksakov, head of the State Duma's Financial Market Committee, predicts future Bitcoin and digital ruble exchanges, as well as P2P markets based on the digital ruble for Russians.
Russia's State Duma has passed a new law regulating cryptocurrency mining and digital asset circulation. It restricts mining to registered entities and introduces reporting requirements. Advertising cryptocurrencies is banned, but trading foreign digital assets is allowed under supervision. The Central Bank can now set rules for digital currency trading within an experimental framework.
Russian State Duma passes a law allowing international cryptocurrency payments and exchanges starting September 1, 2024.
Russia's State Duma has approved legislation to legalize cryptocurrency mining, effective from November, for individuals and organizations.
The Russian State Duma will review a cryptocurrency bill and separate crypto mining legislation in its second and third readings on Tuesday.
The Russian State Duma adopted a bill on cryptocurrency mining in the first reading, defining who can mine and trade cryptocurrencies, and mandating compliance with anti-money laundering rules.
Russian State Duma is debating a crucial crypto mining bill that could either end or revive the industry. The bill now suggests removing bans on cryptocurrency advertising and circulation, hinting at a potential regulatory shift.
Authorities and the Industrial Mining Association clash over proposed cryptocurrency mining regulations before the State Duma's first reading, primarily concerning bans in energy-deficient regions.
Russia contemplates legalizing and regulating crypto mining with new legislation that aims to foster the industry while addressing risks.
