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Russia Postpones Its Crypto Law Again, Now Blaming Coronavirus

News After facing multiple delays, the adoption of Russia’s major cryptocurrency law will be postponed again, now due to the coronavirus. Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, says that the country’s crypto law — the bill “On Digital Financial Assets” ..

Russian Police Take Down an Illegal Bitcoin Mining Farm

News Russian police have caught bitcoin miners who were stealing $200,000 worth of electricity each month in their efforts to mine cryptocurrency. According to a statement released by the Russian Interior Ministry, a Saint Petersburg suspect has been arrested, along with nine alleged accomplices. ..

FBI Apprehends & Charges Russian Hacker, Closes Down Deer.io Platform

News The Federal Bureau of Investigation (FBI) has charged a Russian hacker for stealing private information, and has shut down his platform — Deer.io, which moved funds via crypto assets. The FBI shut down the Deer platform on March 24, as per a statement from the U.S. Department of Justice (DoJ)..

Russian Ministry Wants to Test Crypto and Blockchain in Regulatory Sandboxes

News Amid regulatory uncertainty for cryptocurrencies in Russia, a federal ministry introduced legislation that would legalize crypto and blockchain within a special regulatory environment. The Ministry of Economic Development of the Russian Federation has reportedly prepared a draft law that woul..

Russia’s Central Bank Seeks to Ban Crypto Issuance and Circulation

News After years of uncertainty about its cryptocurrency regulation, Russia is further confusing its proposed crypto law as the country’s central bank made yet another statement on the issue. According to a legal executive at the Bank of Russia, the country’s major but still unfinalized cryptocurr..

Alleged Deer.io Black Market Kingpin Arrested by FBI

News Kirill Victorovich Firsov, the alleged owner of Russian-based anonymous marketplace Deer.io, was arrested on March 7 by Federal Bureau of Investigation (FBI) officials at John F. Kennedy Airport in New York. Court documents allege that Firsov is the mastermind behind Deer.io — a site that off..

Russia Cracks Down on ‘Anonymous Darknet Networks’ Like TON and Tor

News The Russian communications watchdog has launched an offensive on censorship resistant platforms, including the Telegram Open Network (TON) and privacy browser Tor. Russia’s Federal Service for Supervision of Communications, Information Technology and Mass Media — better known as Roskomnadzor ..

Russia Updates Its Laws for Cryptocurrencies

Expert Take The volume of cryptocurrency flows on darknet markets — which are involved in illegal drug and arms trafficking, remittance and transfer of illicit funds — have doubled for the first time in four years, a new report says. Accordingly, Russia has been updating its bribery and Anti-Money..

CBDC Push Takes Ukraine Closer to Crypto Adoption

Analysis At a press conference held on Feb. 21, a representative for the National Bank of Ukraine released the results of its much-hyped central bank digital currency project called the e-hryvnia. However, the banking institution is still not certain of the impact this financial offering will have..

Steven Seagal Charged by SEC for Promoting 2018 ICO

News The Securities and Exchange Commission (SEC) has charged actor Steven Seagal for promoting an initial coin offering (ICO) without disclosing that he was paid for it. He was ordered to pay back over $330,000 to the commission. In March 2018, Steven Seagal was contracted by ICO project “Bitcoii..

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