Russia | ForkLog - Part 116

ForkLog 36 23.03.2016

Moscow-based Company Attempted to Register “Bitcoin” as a Brand

According to Rospatent, Russian patent bureau, a few days ago Moscow-based M-Group LLC failed to register “Bitcoin” as a brand. The company’s application required to register the trademark for classes 38 and 36 (telecom and financial operations respectively) of the International Classification of Goods and Services. Rospatent rejected to register the trademark as “the provided […]

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ForkLog 62 22.03.2016

Russian Payments System Started Accepting Bitcoins

Russia-based payments system OOOPay has added an option of accepting and withdrawing Bitcoin for users. Sergei Kravtsov, executive director of the company, says Bitcoin withdrawal is presently available via mass payments. A user may personally set up the option in the personal account. The withdrawal is also available by means of currency exchange. “Blockchain technology […]

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ForkLog 118 18.03.2016

QIWI: BitRuble Is Not Subject to Cryptocurrency Ban

March 10, Russian ministry of finance proposed to introduce up to seven years of imprisonment as a punishment for issuance and usage of money surrogates, including Bitcoin and other cryptocurrencies. ForkLog most certainly recalled QIWI’s project BitRuble, which at first thought is definitely subject to the law in question.

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ForkLog 75 10.03.2016

Russian Ministry of Finance Proposes 7 Years of Imprisonment for Issuance of Cryptocurrencies

Russian ministry of finance proposes to introduce a punishment of seven year-long imprisonment for issuance of money surrogates including cryptocurrencies, Interfax reported with a reference to the agency’s sources in the ministry. The notification as to preparation of relevant amendments to the Criminal Code of Russia was published on March 10 on a site dedicated […]

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ForkLog 82 01.03.2016

Bank of Russia May Use Blockchain to Control Microfinancing Market

Bank of Russia concedes employing blockchain technology to de-criminalize microfinancing market and enhance its transparency, Izvestia reported.

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ForkLog 70 26.02.2016

Russian Authorities Still Undecided on What to Do With Bitcoin

Cryptocurrency-related news from Russia are plentiful this week following a meeting of the parliament lower chamber’s working group on digital currencies. Governmental stance towards cryptocurrencies is apparently yet to be finally determined, as there have been numerous reiterations as to future of virtual money in the world’s largest country.

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ForkLog 42 25.02.2016

Russian Draft Law Criminalizing Cryptocurrecnies to Be Reviewed in June

The draft law developed by Russian Ministry of Finance, which implies criminal punishment for issuance and turnover of crytocurrencies, will be submitted to the parliament in June at the latest, TASS reported citing a source in the ministry.

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ForkLog 85 25.02.2016

FDCS of Russia: Drug Dealers Use Bitcoin 20 Times as Often

According to RIA Novosti, Dmitri Buyanov, eputy head of the Federal Drug Control Service of the Russian Federation, has stated that Russian drug dealers started using cryptocurrency twenty times as often during the last year.

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ForkLog 77 25.02.2016

Russian Company Acronis to Develop a Blockchain Project

According to Vedomosti, Russian developer company Acronis intends to integrate blockchain technology in its backup solutions. Acronis, headquartered in Singapore, develops storage and backup software solutions for international markets. According to the company’s CEO, Sergei Belousov, 3% of overall sales account for Russia, 40% for Europe, 35% for Americas, and 25% for Asia and the […]

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ForkLog 81 19.02.2016

EuroTrip: Bitcoin Tour Film Shooting to Begin in Russia

A filming group from Russia is heading for a eurotrip on a condition of spending bitcoins only during the journey.

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ForkLog 80 19.02.2016

Russian Central Bank to Apply Blockchain Tech

Russian authorities are traditionally cautious when it comes to cryptocurrencies, as they suspect virtual money may be used to finance terrorist organizations and possible rebellous activities. For that reason, the government continuously removes any possibility of anonymity in financial transactions. However, the Central Bank of Russia actively researches new technologies, including blockchain.

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ForkLog 91 12.02.2016

Bitstamp Accessible from Russia Again

Cryptocurrency exchange Bitstamp stated it is back online in Russia. According to the company’s tweet, the site is available for Russia-based users again. Effective immediately, @Bitstamp is again accessible from Russia. — Bitstamp by Robinhood (@Bitstamp) February 12, 2016 Nearly a month ago, in January 2016, Bitstamp’s administration announced it had temporarily blocked access to […]

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