The regulations for cryptocurrencies from the Federal department of several countries have tightened. As an added country to the list of revised regulations, Russia has joined now as the central bank demands a crypto ban. According to the report revealed on Thursday, the central bank of Russia claims that the
The central bank’s current stance is a total rejection of all cryptos. Earlier this year, Russia’s central bank cited China and India as examples. In light of the growing number of cryptocurrency transactions, two people familiar with the Russian financial industry believe that the Russian central bank is imposing a
Russia becomes the highest crypto user country in the world for 2021. Russians are the highest users among the Binance platform. The Central Bank of Russia is quite worried about the current financial inflammation due to cryptocurrency . Whether it be the World wars, nuclear weapons, space programs, whatever field
Russia’s cryptocurrency exchange is currently in its nascent stages. Roskomsvoboda maintains a list of prohibited Russian websites. The district judge noted that there are no prohibitions on their transfer. Russia’s cryptocurrency exchange is currently in its nascent stages as it assesses its regulation position on different facets of the investment
Russia issues arrest warrants for 3 more associates linked with Finiko ponzi. All wanted associates suspected to be hiding in foreign nations. Suspects to be hiding majorly in Turkey and United Arab Emirates. The Finiko ponzi scam has created such a hustle and bustle upon the nation, such that Russia
Last director of Wex, Dmitry Vasiliev, was arrested in Poland. Crypto exchange Wex, aka BTC-e indulged in many money laundering frauds. Previous founder of Wex, charged for money launderings of $4B BTC. These days it seems Russia and crypto have become completely inseparable even amidst all the new rules and
Bank of Russia halts any kind of major crypto payments. Central Bank of Russia instructs local banks to block accounts related to crypto payments. Bank says its for protecting customers from ‘emotional’ investments and purchases on crypto. Russia is one of the most tempted countries when it comes to crypto
Many times as a writer I have come across various scams and Ponzi always prevailing upon the cryptocurrency industry. And so nothing is a shock or a surprise in regards to it. Likewise, the Finiko Ponzi has been in play for a long time and soon it was found to
Scams and hackings have so far become an integral part of the cryptocurrency trend. The more technology develops also so do the aspects of crimes too. Digital crimes are even considered to be much safer compared to live robberies though. Almost every week there occurs a scam or hacks upon
The cryptocurrency mining sector is currently facing extreme hardships in maintaining its presence in recent times. Moreover, all the environmental concerns put forth on Bitcoin (BTC) mining and crypto mining upon the carbon footprints left by them is quite a reason to consider. And much over, all the Securities and
