Russia

Crypto’s rising popularity in Russia

• Cointelegraph: More Russians are disclosing their cryptocurrency incomes – April 2021
  Consulting firms, such as PwC Russia, said that Russians have been increasingly reporting their income from cryptocurrency operations. The number of cryptocurrency holding disclosures in Russia has been on the rise over the past several months, according to a new report. Russian news agency Izvestia reports Thursday that Russians have been increasingly disclosing their income from crypto trading for tax purposes. The report cites data from consulting and law firms such as KPMG, PricewaterhouseCoopers, FTL Advisers, as well as Moscow-based public policy think tank the Center for Strategic Research.
  
  
• Coindesk: Putin Says Russia Must Stop Illegal Cross-Border Crypto Transfers – March 2021
  Russian President Vladimir Putin called for closer attention to the illicit use of digital assets during his meeting with the attorney general’s office
  
  
• Bitcoin.com: Russia crypto bill signed into law… – August 2020
  Russia’s bill to regulate cryptocurrencies has been signed into law by President Vladimir Putin.
  
  
• Cointelegraph: Russian policy maker says cryptoruble is the future… – October 2020
  The parliament member claimed that there are no anti-blockchain voices in the Russian government
  
  
• Cointelegraph: Russia’s new crypto analytics system to track illicit activity… – August 2020
  Dubbed “Transparent Blockchain,” Russia’s new crypto analytics system is designed to fight illicit activity related to crypto.
  
  
• Cointelegraph: Huobi crypto exchange launches trading app in Russia… – September 2020
  Russian users account for as much as 10% of Huobi’s total spot trading volume.
  
  
• Cointelegraph: Waves powers Russia’s first crypto-backed bank loan… – August 2020
  Expobank, a commercial bank in Russia, has reportedly issued the country’s first ever loan backed by cryptocurrency.