Russian Provinces Absolve to Make Crypto Miners Pay out Higher Electricity Rates, States Govt
Provinces Russian

Russian Provinces Absolve to Make Crypto Miners Pay out Higher Electricity Rates, States Govt

Source: AdobeStock / 3d_vickaCrypto miners in Russia could be set to pay higher electricity fees in 2022, but the development could allow miners to ply their trade without further scrutiny from energy providers – who may even assist them in setting up their operations in ways that place less strain on local grids.Some have been…

Russian Crypto Miners Say to Lawmakers: Hurry upward and Legalize Our Business
Crypto Russian

Russian Crypto Miners Say to Lawmakers: Hurry upward and Legalize Our Business

Source: AdobeStock / Klever_okRussian crypto miners say they want their industry to be legalized – and hope that official status could help them avoid spats with power providers.Lenta reported that the situation for miners in the Irkutsk Oblast in Siberia has deteriorated of late.As previously reported, in October, Igor Kobzev, the Governor of the Irkutsk…

Russian Central Bank to Ban Bitcoin: Report
central Russian

Russian Central Bank to Ban Bitcoin: Report

The Russian central bank is seeking to prohibit citizens from investing in bitcoin and cryptocurrency out of concerns the activity would pose risks to the country’s financial stability, according to a Thursday report by Reuters.”The central bank is now in talks with market players and experts about a possible ban,” the report said. “If approved…

Russian Intelligence Support Wants More Capacity to Seize Crypto, Freeze Wallets
Intelligence Russian

Russian Intelligence Support Wants More Capacity to Seize Crypto, Freeze Wallets

Source: Adobe/Alexandr BlinovRussia’s answer to the American FBI, the Investigative Committee of Russia, has called upon the government to grant it the power to seize crypto and freeze wallets.In an interview with the media outlet Rossiyskaya Gazeta, the committee’s Chairman Alexander Bastrykin stated that the “decentralized nature of the issuance” of what he called “digital…

Russian Senate, Govt Ministries & Central Bank to generate Crypto Working Group
Russian Senate

Russian Senate, Govt Ministries & Central Bank to generate Crypto Working Group

Source: Adobe/3dmitryThe Russian parliament’s upper house, the Federation Council (the equivalent to the American Senate), is stepping up its crypto regulatory efforts – and wants to get involved in the creation of new laws pertaining to the sector.As reported, last month members of the council hinted that crypto would not be frozen out of the…

Russian Senate Financing Chief States Crypto Probably Includes a Future
Russian Senate

Russian Senate Financing Chief States Crypto Probably Includes a Future

Source: AdobeStock/fifgRussia’s upper house, the Federation Council, is monitoring crypto – but a key politician claims that tokens may “have a future.”Speaking to Ura.news, the deputy chair of the Federation Council’s Committee on Budget and Financial Markets Elena Perminova, stated:“Cryptocurrencies today seem to be on a swing – they are constantly rising and falling [in…

Russian MPs Want Main Bank to take into account Cryptos Pass on
central Russian

Russian MPs Want Main Bank to take into account Cryptos Pass on

Source: AdobeStock/999xyRussian lawmakers and regulators are pressing for crypto change, but will likely have to contend against a familiar foe in all things crypto-related in the country – the staunchly anti-crypto Central Bank.In an interview with RIA Novosti, Alexey Savatyugin, the Auditor of the Accounts Chamber (the parliamentary body that deals with financial control), stated…

Russian Deputy Proposes Bill To Legalize Bitcoin Mining, Forms Working Group
deputy Russian

Russian Deputy Proposes Bill To Legalize Bitcoin Mining, Forms Working Group

Russia wants a cut of bitcoin miners’ profits as the country’s hashrate grows.Lawmakers have proposed on November 11 to legalize the industry and created a working group to discuss the issue.Although mining isn’t illegal there, regulatory clarity still lacks and prevents government agencies from capitalizing.The State Duma, one of the chambers of the Russian parliament…

Russian Central Bank Claims No As Ministries Desire to Legalize Bitcoin Mining
central Russian

Russian Central Bank Claims No As Ministries Desire to Legalize Bitcoin Mining

Source: Adobe/999xyThe Russian Ministry of Economic Development has expressed a willingness to legalize Bitcoin (BTC) and crypto mining, and has the backing of the Ministry of Energy – but as so often is the case with Russian politics and all things crypto-related, the Central Bank wants to throw a spanner into the works.According to Izvestia,…

Russian officials consider proposal to mine Bitcoin with linked gasoline
officials Russian

Russian officials consider proposal to mine Bitcoin with linked gasoline

Russian authorities continue to show increasing interest in cryptocurrencies as Bitcoin nears a new all-time high…