Contents tagged with cryptocurrency

  • Russia considers adopting 'cryptoruble' as a currency

    There was a new bill registered on January 25th in the Russian State Duma (the Russian Parliament) that seeks to designate a Russian cryptoruble as a means of payment in Russia. The bill was authored by Communist Party member and member of the parliament, Rizvan Kurbanov.

    The draft law, On the National Blockchain Mining System, seeks to introduce several new notions into Russian legislation, including the notion of a cryptoruble.

    Under the definition provided by the author of the bill, the …

  • Ukraine considering possibility of issuing its own cryptocurrency

    The National Bank of Ukraine (NBU) is considering the possibility of issuing its own cryptocurrency, as stated in a message on the website of the National Security and Defense Council (NSDC) of Ukraine.

    During a meeting of the National Coordinating Council for Cybersecurity, NSDC Secretary Oleksandr Turchynov stated that "the development of the cryptocurrency market cannot remain without the attention of the state." Following the meeting, the authorities issued orders to create a working group …

  • Separatist DPR considers legalizing blockchain mining and cryptocurrency transactions

    The Donbas Post, which is controlled by the so-called Donetsk People’s Republic is planning to introduce blockchain technology and cryptocurrencies, as stated in the publication ‘Ministries and Departments for 2018’ on the DNR-LIVE website.

    The publication does not contain detailed information on the development of blockchain technology.

    In November 2017, the Minister of Communications of the DPR, Viktor Yatsenko, called cryptocurrencies, “a promising mechanism to attract investment.”

    “I am …

  • Russia considers creating cryptocurrency for payments between BRICS and EEU countries

    The Bank of Russia is considering the possibility of introducing a supranational digital currency within the BRICS or the Eurasian Economic Union (EEU), Central Bank first deputy chairperson Olga Skorobogatova told reporters, reports.

    “We are continuing the work to investigate this matter. A matter which seems to us advisable to discuss on with our colleagues is the possibility of introducing a supranational digital currency in EEU territory or within the BRICS. There are many …

  • Belarus develops national cryptocurrency

    The Belarussian publication of Interfax reports that Belarus has developed the first national cryptocurrency, called the thaler.

    The creators of the Belarusian crypto currency plan to launch it on the international exchanges in January.

    “We will enter the first international exchanges in January," said one of the creators of the thaler, Sergey Lavrinenko.

    In addition, according to Lavrinenko, the thaler is planned to launch on the Belarusian stock exchange, which will soon appear with the …

  • Belarus legalizes blockchain mining, cryptocurrency transactions

    President of the Republic of Belarus, Alexander Lukashenko, signed off on a Digital Economy Development Decree that legalizes blockchain mining and transactions with cryptocurrencies, as reported by Russian Interfax news agency, citing the press service of the Belarusian President.

    “The main goal of the decree is to create conditions attractive to international IT-companies so that they bring their businesses to Belarus, open software development centers, and create breakthrough products that …

  • Russia intends to consider the possibility of cryptocurrency payments in the Crimea to secure the anonymity of foreign tourists

    The Ministry of Finance of the Russian Federation has expressed its readiness to consider the issue of making payments using cryptocurrency in the Republic of Crimea with an aim to attract foreign tourists, as announced on Saturday by Deputy Finance Minister Alexei Moiseev on Russia-24 news. He clarified that there were no serious discussions on this question yet.

    "To stimulate foreign tourism in the Crimea, and to ensure that people who go there are not persecuted in their homeland for having …