Russia Drafts Bill to Accredit ICO Issuers – Public Comments Wanted (news.bitcoin.com)

The Russian government is drafting a bill to introduce the accreditation of initial coin offering issuers. Accredited organizations must comply with a set of rules, including having 100 million rubles capital, and are subject to inspections every three years. The regulators are currently accepting public comments on the proposal.
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Russia Finalizes Federal Law on Cryptocurrency Regulation (news.bitcoin.com)

The Russian government is in the process of finalizing the federal law for the regulation of cryptocurrencies and initial coin offerings. The draft law has now been officially published. It regulates the creation, issuance, storage, and circulation of cryptocurrencies.
Also read: Russian Regulators Draft Law to

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Russia Ready for Migrant Bitcoin Miners Influx (news.bitcoin.com)

Despite some indecisiveness about cryptocurrencies on the part of centralized power, Russia has been quietly preparing for a wave of migrant crypto miners from East and West. It’s been said that the country has got what it takes to invite them. A third of the Soviet era power producing capacity is idling, after energy hungry industries were closed and scrapped in the 90’s. Experts, home and abroad, members of the local crypto community, all agree – Russia is ready to welcome bitcoin

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Businessman Outright Buys Two Electric Power Stations to Do Bitcoin Mining in Russia (news.bitcoin.com)

China has dominated the bitcoin mining industry for a couple of years, but fears of a government clampdown are signaling now might be the best time to enter the market elsewhere in the world. And someone just made a big bet that Russia, with its cold weather and plentiful fossil fuel energy sources, is the place to establish a mining venture.
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Russia Drafts Bill to Legalize Cryptocurrency Trading on Approved Exchanges (news.bitcoin.com)

The Russian Ministry of Finance is drafting a bill to legalize cryptocurrency trading at approved exchanges. The ministry is already preparing a list of approved trading platforms.
Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales
Some Exchanges Will be…

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Putin Wants to Use Cryptoruble to Evade Sanctions But Bank of Russia Skeptical (news.bitcoin.com)

Russia’s president Vladimir Putin has reportedly commissioned work to create a cryptocurrency as a tool to circumvent international sanctions. His economic adviser explained that “no mining is possible” for the cryptoruble. Meanwhile, the country’s central bank and finance ministry have expressed skepticism about this “cryptocurrency.”
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High Demand Prompts Japanese Bitcoin Exchange to Seek Partner in Russia (news.bitcoin.com)

A major Japanese bitcoin exchange is looking to enter the Russian cryptocurrency market and is seeking a local partner. The exchange’s CEO says “demand is huge” and urges Russia to look at Japan as a model for cryptocurrency regulations.
Also read: Sberbank Apologizes for Buying Nearly All Graphics Cards on the Russian Market

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