Russia | ForkLog

ForkLog 4 23.07.2024

Russian Miners Mandated to Comply with AML Regulations

On July 23, the Russian State Duma passed a law requiring miners to adhere to anti-money laundering (AML) regulations, as reported by RBC. This is a separate document, not linked to the mining bill. The initial version applied only to notaries. However, amendments for the second reading included miners, mining pool participants, and their administrators. […]

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ForkLog 6 23.07.2024

Russian State Duma Reviews Cryptocurrency Mining Legislation

On July 23, the Russian State Duma will conduct the first reading of a bill aimed at regulating cryptocurrency mining. This was reported by Vedomosti. Lawmakers have intensified efforts to legalize the sector following demands from President Vladimir Putin. He criticized the uncontrolled energy consumption by miners, which, according to him, has already led to […]

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ForkLog 44 22.07.2024

Gurinovich Addresses Connection with Hamster Kombat

The authors of the Telegram channel BRIEF claimed that the owner of the clicker game Hamster Kombat is Russian businessman Eduard Gurinovich. He described himself as a partner. Media outlets discovered that on May 30, Gurinovich filed an application with Rospatent for the phrase “Hamster Kombat.” This occurred two weeks before an indirect revelation by […]

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ForkLog 9 19.07.2024

Police Seize 500 Bitcoin Miners Near Irkutsk

Law enforcement in the Irkutsk region uncovered illegal cryptocurrency mining operations and confiscated the equipment. This was reported by the local department of the Investigative Committee of the Russian Federation. According to the investigation, residents of TSN “Molodezhnoye” and DNT “Uyutnoye” connected 500 ASIC miners to the power grids supplying the district’s population. The miners […]

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ForkLog 20 17.07.2024

Putin Urges Swift Action on Cryptocurrency Regulation in Russia

During an economic meeting, Russian President Vladimir Putin addressed issues related to the implementation and use of digital assets in the country. This was reported by the Kremlin’s press service. Putin described the sector as a “very dynamic and promising area of the modern economy.” “For us in Russia, it is important not to miss […]

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ForkLog 12 17.07.2024

Survey Reveals Limited Popularity of Hamster Kombat in Russia

More than half of Russians (57%) are unaware of the existence of the Telegram-based clicker game Hamster Kombat. This is according to the results of a telephone survey conducted by the VTSIOM among 1600 adult citizens. According to the collected data, 42% of respondents have heard of the “hamster,” with 14% understanding the essence of […]

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ForkLog 15 17.07.2024

Alleged Trickbot Hacker Arrested in Moscow

On July 15, an alleged member of the hacker group behind the Trickbot botnet was detained in Moscow at the request of Interpol, according to the Telegram channel Baza. According to available information, 37-year-old Fedor A. is wanted by German authorities. In addition to his connection with Trickbot, he is suspected of organizing criminal and […]

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ForkLog 5 15.07.2024

Russian Duma Committee Endorses Bill for Experimental Cryptocurrency Settlements

The Russian State Duma’s Committee on Financial Markets has approved for first reading a bill establishing experimental legal regimes (ELR), which would allow the Bank of Russia to create a platform for using cryptocurrencies in international settlements, reports Interfax. The document grants the Central Bank of Russia regulatory functions. The project is automatically exempt from […]

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ForkLog 6 12.07.2024

Russian Duma Committee Endorses Cryptocurrency Mining Regulation Bill

On July 12, the Russian State Duma Committee on Financial Markets recommended that the lower house of parliament adopt a bill on the regulation of mining activities in its first reading. This was reported by TASS. The State Duma is expected to review the document on July 23. The current version of the mining bill […]

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ForkLog 12 11.07.2024

Russia Considers Cryptocurrency Trading for Qualified Investors

Organizations listed in the register of exchanges and trading systems may be granted the right to conduct digital currency trading for “particularly qualified” investors, according to a source in the Ministry of Finance, as reported by Interfax. The agency’s source indicated that the proposal is included in a draft review prepared by the ministry on […]

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ForkLog 92 10.07.2024

New Assets Seized from Police Linked to WEX Bribery Scandal

Former employees of the BST of the Russian Ministry of Internal Affairs, part of the K Department, Georgy Satyukov and Dmitry Sokolov, who are accused in absentia of accepting a bribe of 4.9 billion rubles in cryptocurrencies, have had new assets discovered. This was reported by Lenta.ru. At the request of the Investigative Committee, courts […]

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ForkLog 17 10.07.2024

What is money worth? How currency sanctions affected Russia’s P2P market

On 12 June the Moscow Exchange and the National Clearing Centre (NCC) were added to the sanctions list of OFAC. The next day the venue halted trading in the dollar and the euro. ForkLog examined how the sanctions have affected Russia’s crypto P2P market and why digital assets have become more attractive to local investors. […]

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