Russia Archives - Page 8 of 9

Russian Economic Development Ministry Reportedly Opposes Bitcoin Ban

December 28, 2014

Russia’s Ministry of Economic Development has reportedly criticized a proposed bill by the Ministry of Finance to ban Bitcoin in the country. The proposed law, referred to as “On the Central Bank,” was report...

Will Russians Turn to Bitcoin as Ruble Crumbles? Volumes Increase but Ban Looms

December 19, 2014

The unfolding economic crisis in Russia has pounded the ruble, which crashed by as much 20% within 24 hours earlier this week. It later rebounded to around 60 rubles per dollar following intervention of the c...

Actually, Bitcoin Rallied Yesterday… against the Ruble, Hits Four-Month High

December 17, 2014

It turns out that bitcoin prices performed extremely well yesterday… in Russia. While BTC/USD slumped by four percent and hit a six-week low, BTC/RUB excelled. It soared by as much as 10% to 21,650 on BTC-e,...

Russia Reduces Proposed Fines For Bitcoin Usage, Community Unimpressed

November 11, 2014

Coindesk reports that Russia’s Ministry of Finance has been gracious enough to lower the proposed fines for dealing in bitcoin. The fines are stipulated in a draft bill that would ban all use of Bitcoin, incl...

Russia Bitcoin ban draft outlines repercussions, stiffer penalties for officials and companies

October 5, 2014

Russia’s Ministry of Finance has released a draft bill that would prohibit all dealings in Bitcoin. The ban includes: – The “creation” (mining) and distribution of digital currencies. Individuals face a fine...

CFH Systems Appoints Two New Regional Directors in Eastern Europe

October 2, 2014

CFH Systems has named Alexander Stanovoy and Lukasz Paszkiewicz as its newest Regional Directors in a bid to help develop and foster its growth initiatives in Eastern Europe. CFH Systems has seen its busines...

Russia To Ban Bitcoin Again

September 14, 2014

RT News reports that Russia plans on again banning Bitcoin and cryptocurrencies. Referring to Bitcoin, Deputy Finance Minister Aleksey Moiseev told journalists, “People can play with their chips, and they ca...

Bank of Russia changes stance, says it’s OK to use Bitcoin

July 3, 2014

The Bank of Russia now indicates that it’s OK to use Bitcoin. This comes months after making statements indicating that it is illegal to do so, saying that individuals may be suspected of engaging in illegal ...

Russian Central Bank: Bitcoin Has No Value

February 24, 2014

Russian authorities have of bitcoin use several weeks ago after a where they effectively banned its use without saying so outright. Andrei Shamrayev, deputy director of the central bank’s national payment s...

It’s Official: Bitcoin “Illegal” in Russia

February 10, 2014

Last Thursday, Russian authorities got right to the point when they clearly and explicitly prohibited use of Bitcoin and other virtual currencies. The statement was not too dissimilar from its earlier announ...