Russia Adopts Law to Isolate Runet From the Internet

Russia Adopts Law to Isolate Runet From the Internet

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Runet, the Russian segment of the internet, is about to be isolated from the rest of the web. A new law adopted by the State Duma aims to do so in order to supposedly protect it from external threats and turn it into a “sovereign” space. Russian taxpayers and end users will pay the bill…

Russian social media platform Vkontakte may launch cryptocurrency, potential access for 50 million users

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Vkontakte, a Russian social media platform and subsidiary of Mail.ru Group, is reportedly working on a cryptocurrency. According to RNS, a Russian news outlet, Vkontakte’s plan involves the creation of cryptocurrency wallets for its 50 million users on the social media platform. The project, if approved, will enable users to store and transfer Vkontakte’s native…

BTC-e Operator Alexander Vinnik Terminates His Hunger Strike

BTC-e Operator Alexander Vinnik Terminates His Hunger Strike

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The alleged operator of the infamous BTC-e exchange, Alexander Vinnik, has terminated his hunger strike more than 80 days after he started the protest against his detention in Greece. Vinnik’s condition is serious and he needs specialized medical attention to recuperate. Also read: Cryptocurrency Exchange Exmo Opens Branch in Turkey Russia’s Ombudsman Visits Vinnik in…

Cryptocurrency Exchanges Eye Russia for Expansion Despite Sanctions

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Sanctions imposed by governments as part of geopolitical struggles do not always filter through to under-regulated industries. Ambitious businesses covet every opportunity for expansion and diversification. That seems to be the reason why a growing number of crypto exchanges are turning their attention to Russia and its diaspora, despite the disapprobation this risks drawing from…

Huobi and Major Russian Bank to Provide Legal Help to the Crypto Industry

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The recently established Russian subsidiary of global cryptocurrency exchange Huobi and Vnesheconombank, Russia’s state-owned development bank, are now partnering to offer crypto companies legal support and advice. The newly created “legal lab” will also represent blockchain businesses in court. Also read: German Startup Devises Eco-Friendly Energy-Efficient Miners Legal Lab to Assist Crypto Companies in Russian…

Poll Shows 13% of Russians Use Cryptocurrency for Online Purchases

Poll Shows 13% of Russians Use Cryptocurrency for Online Purchases

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Cryptocurrency transactions are becoming a viable alternative to traditional electronic payments and Russia is no exception to the trend. Recently conducted surveys indicate that a large number of Russians have already started using digital coins for online purchases and many others are willing to try.    Also read: Russians to Be Allowed ICO Investments up…

Huobi Exchange’s Plans for Russia Go Well Beyond Crypto Trading

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Huobi exchange, which just opened an office in Moscow, wants to lend money and rent space to Russian miners, shape the country’s regulations and train local blockchain talent.

$50 Million Bitcoin Mining Farm Opens in Armenia

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A new cryptocurrency mining facility opened in Armenia on Oct. 18. The $50 million farm will extract bitcoin and ethereum using 3,000 machines, according to local media reports. Around 120,000 more miners are to be added in the months to come. Also read: Marks Jewelers Now Accepts Bitcoin Cash For Payments Multi Group and Omnia Establish…

Manufacturing Giant Rostec to Manage Data on Waves Blockchain Platform

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The Russian state-owned conglomerate will develop a blockchain to manage data on its vast holdings, which include car, helicopter and firearms makers.

Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume

Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume

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Jurisdictions with crypto-friendly legislation or comprehensive regulations in place are leading in terms of exchange-based cryptocurrency trading. According to a new study, however, over the counter and P2P exchange is much more popular in developing nations and countries where non-cash payments are still not widely spread. Also read: Crypto Funds Number 466 Despite Trends, Uncertainty…