BTC-e’s Vinnik Case Drags on as New Accusations Continue Emerging

On July 25, 2019, United States prosecutors filed a complaint against the defunct cryptocurrency exchange BTC-e and its alleged former operator, Alexander Vinnik. The indictment was filed nearly 24 months after Vinnik was arrested in Greece while on holiday with his family and has followed numerous extradition requests from the U.S., France and Russia that…

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Putin’s Order: Russia to Adopt Crypto Regulation by July

Russia’s President Vladimir Putin has instructed his country’s government to adopt federal laws relating to cryptocurrency by July this year. Russia has earlier broadened the definition of “digital financial assets” to include cryptocurrencies. Putin’s latest order resembles one he made regarding crypto regulation last year. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin…

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Russian Official Seeks Extradition of Alleged Bitcoin Fraudster Alexander Vinnik

Russia’s Commissioner for Human Rights Tatyana Moskalkova has asked Greek Justice Minister Michalis Kalogirou to extradite the alleged former operator of now-defunct crypto exchange BTC-e, Alexander Vinnik, to Russia. The news was reported by Russian news outlet TASS on Feb. 25. In a letter to Kalogirou, Moskalkova reportedly asked the Minister to extradite Vinnik to…

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No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says

Economy & Regulation Last year’s falling prices are not a good enough reason to “bury” cryptocurrencies, Russian Prime Minister Dmitry Medvedev said during a high-level economic conference. He believes Russia should carefully follow the developments around digital coins.   Also read: Clickbait Media Uses Bitcoin and Russia to Pump Headlines Again Russia Should Watch Carefully…

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Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws

Regulation In the absence of a comprehensive regulatory framework for cryptocurrencies in Russia, lawyers have taken matters into their own hands. A new advisory body of legal experts will look into cases where the current legislation does not reflect the specifics of the growing digital economy and propose solutions. Also read: CEO of Romanian Exchange…

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Russian Marketplace Allows Users to Sell Items Priced in Cryptocurrency

Featured A new Russian online marketplace that allows users to buy and sell goods and services priced in cryptocurrency has rapidly expanded in recent months. The Mentalmarket website has been publishing a growing number of ads in a dozen categories, from “cryptoindustry” to “real estate.”  Also read: Russian Miners Sell Their Equipment Amid Market Plunge…

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Huobi Exchange’s Plans for Russia Go Well Beyond Crypto Trading

Huobi, the third-largest crypto exchange by trading volumes, is seeking to fill a void in Russia’s cryptocurrency community. This month, the exchange opened an office in Moscow, the first major crypto trading platform to have a physical presence in the country, notably with a Russian-language call center. But Singapore-based Huobi’s ambitions go further, into lending…

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Poll: Interest in Crypto as Payment Method Makes Small Inroads Among Moscow Residents

Five percent of Moscow residents who use non-cash methods of payment are open to using cryptocurrencies, according to a recently conducted survey, Forbes Russia reported Nov. 13. The investigation into the e-payment market in Moscow was carried out by Russian payment service Yandex.Money and the Moscow Information Technology Department (ITD). The experts purportedly surveyed 1,000…

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