Bitcoin Regulation in Russia | ForkLog

ForkLog 10 20.01.2022

Experts: banning bitcoin operations in Russia would be a step toward the country’s hopeless technological lag

The Bank of Russia's proposed full ban on the circulation of cryptocurrencies within the country will inevitably provoke an outflow of talent and capital, but the established market will not be killed. This is what ForkLog told experts surveyed.

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ForkLog 13 20.01.2022

Bank of Russia proposes ban on issuance, circulation and mining of cryptocurrencies in Russia

Bank of Russia proposed to impose a ban on issuance, circulation and exchange of cryptocurrencies, as well as on organising related operations within the territory of the Russian Federation. This is stated in the regulator's published report 'Risks of cryptocurrencies and possible regulatory measures'.

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ForkLog 7 20.01.2022

Kremlin declines to comment on rumors of a full ban on cryptocurrencies in Russia

The Kremlin's press secretary, Dmitry Peskov, redirected the question about a potential ban on cryptocurrencies in Russia to the central bank.

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ForkLog 14 20.01.2022

FSB strikes deal with central bank to ban Bitcoin transactions in Russia

According to Bloomberg, the FSB persuaded the head of the Bank of Russia, Elvira Nabiullina, to back a full ban on cryptocurrency transactions in Russia.

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ForkLog 15 19.01.2022

Central Bank of Russia Requests Information from Banks on Bitcoin-Exchanger Operations

The Central Bank of Russia intends to study the operations of Russian banks related to cryptocurrency exchanges, casinos and forex dealers.

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ForkLog 4 17.01.2022

Aksakov Backs Identification of Cryptocurrency Owners

The head of the State Duma committee on the financial market, Anatoly Aksakov, compared cryptocurrencies to a financial pyramid and called for market regulation.

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ForkLog 21 12.01.2022

Proposal to legalise cryptocurrency investments by the Bank of Russia

The question of a total ban on Russians' investments in digital assets needs to be reconsidered, according to the National Financial Association (NFA).

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ForkLog 8 27.12.2021

Experts assess the consequences of tighter Bank of Russia control over P2P transfers

Tighter Bank of Russia oversight of P2P transfers could boost the popularity of cryptocurrencies as a less controllable payment channel, but would hinder market legalization, according to experts polled by ForkLog.

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ForkLog 8 27.12.2021

Bank of Russia to monitor P2P transfers to curb bitcoin exchangers

The Bank of Russia circulated to credit institutions a new form for reporting transfers between individuals. In doing so, the regulator aims to combat cryptocurrency exchanges, illegal online casinos, and businesses that accept payments on personal cards.

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ForkLog 11 24.12.2021

Media report possible mechanism to block Bitcoin investments in Russia

The Bank of Russia and market participants are discussing several options to restrict investments in the cryptocurrency market, including blocking card transfers to certain MCC codes.

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ForkLog 8 22.12.2021

Duma outlines first meeting of working group on cryptocurrency regulation

This week saw the first meeting of the working group tasked with drafting regulation of cryptocurrency circulation in the Russian Federation, according to the deputy speaker of the State Duma and head of the group Aleksey Gordeyev.

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ForkLog 11 20.12.2021

Bank of Russia sees no room for cryptocurrencies in the Russian financial market

The Bank of Russia intends to regulate by statute the rules governing the circulation of cryptocurrencies. This was stated by Deputy Chairman Vladimir Chistyukhin.

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