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Cryptocurrency may be banned in Russia

The day before, it became known about the intentions of the Central Bank to introduce a ban on investing in cryptocurrency. The situation occurred due to the regulator's concerns about financial stability due to the growth of cryptocurrency transactions. Last year, Russia granted cryptocurrency a legal status, but left a ban on payments in it. At the moment,...

Control over circulation of cryptocurrencies in Russia may be transferred to banks

... destabilize the industry and increase the number of fraudulent activities. Vladimir Putin has already called on the Central Bank of the Russian Federation and government to come to a consensus on this issue. The ministry’s proposals are to transfer cryptocurrency transactions to the banking sector, giving credit institutions the right to control them. The Ministry of Finance expressed the opinion that banks with universal licenses will be able to perform such functions. As part of their activities, it was proposed to create new subjects ...

Alibaba stops sales of crypto mining equipment

The Chinese corporation Alibaba has announced that it will ban the sale of cryptocurrency mining equipment on its platform from October 8. The distribution of training materials and software will also be limited. Restrictions will affect all materials and equipment provided for mining bitcoins, ether, lightcoins and other ...

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