Tag Archives for " Russia "

Latvia Recognizes Cryptocurrencies in Order to Tax Them

Taxes Trying to take its share of the profits, the government of Latvia may accept cryptocurrencies as a legal means of exchange. This year’s tax filing campaign is underway and officials don’t have much time. Two parliamentary commissions and the Ministry of Finance have expressed their views on the matter this week. Latvians may very […]

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The future of higher education could be less humanities classes, and how to avoid rising flight fees

Happy Friday, MarketWatchers! We made it through another week. Check out today’s top personal finance stories before heading out to the weekend. The depressing reason women out-earn men in these 7 places in the U.S. Men are paid more than women in nearly all of these 2,700 counties, with just a handful of exceptions. This […]

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Russians Think Bitcoin Makes a Great Present

Featured Cryptocurrency is gaining popularity in Russia as a good idea for a gift. According to a new survey, more and more Russians believe cryptos, like bitcoin, would make their girlfriends and wives happy on special occasions. The 8th of March is celebrated as Women’s Day in Russia and in many other countries.   Also […]

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Here’s how many of the world’s ultrawealthy are increasing their cryptocurrency investments

What are the world’s uber-rich doing when it comes to cryptocurrencies? A growing number of high- net-worth individuals are attracted to them. More than one in five — 21% — of respondents in an annual survey of wealth advisers and private bankers said clients had increased their investments in cryptocurrencies in 2017, according to Knight […]

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Russia Drafts Law to Criminalize the Use of Cryptocurrencies as Money

Regulation The Russian Ministry of Finance is drafting a law to criminalize the use of cryptocurrencies as money substitutes. The Bank of Russia and the finance ministry have previously opposed the use of cryptocurrency in this way, citing that only rubles can be used for payments of goods and services in Russia. Also read: Indians Look […]

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Russian Authorities Criticized over Proposed Crypto Regulation

Economy & Regulation Criticism aimed at authorities and the new legislation on “digital financial assets” is mounting in Russia. Local officials have rebuked lawmakers in the capital over slow progress, warning that the country will have to catch up with others. Experts from the crypto sector have expressed concerns about many unresolved issues in the […]

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Centralized Cryptoruble Not Possible, Minister Tells Putin

Blockchain The Russian Ministry of Finance is not against a national cryptocurrency, provided the state does not participate in it. The creation of a centralized coin, like the cryptoruble, seems impossible, as cryptocurrencies are based on decentralized ledgers, Finance Minister Anton Siluanov told President Putin, according to Russian media.   Also read: Russian Authorities Criticized […]

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Rural Russia Prepares to Attract Crypto Loans

Finance A proposal was presented at the Russian Expert Council for Non-Bank Credit Organizations to allow rural businesses in the country to receive crypto loans to attract funds from abroad. The chairman of the council, a State Duma member, is asking rural credit cooperatives to study and educate rural residents on cryptocurrency. Also read: Indians Look […]

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Two Russian Regions to Develop Large Scale Crypto Mining

Mining The governors of two Russian regions have indicated their readiness to accommodate large crypto mining facilities. Two of the westernmost subjects of the Federation – Kaliningrad and Leningrad – are willing to welcome miners and want to get involved in “bitcoin production”. Local authorities have expressed intentions to take mining out of garages and […]

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Five Siberian Power Plants Attracting Crypto Miners With Surplus Electricity

Mining Cryptocurrency miners will soon be able to benefit from surplus electricity and the cold climate at five power plants located in Siberia. Russian energy company En+, which owns those power plants, is already in talks with investors to build crypto mining farms near them. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 […]

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