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Tag Archives: Russia

Russian Social Media Giant VKontakte Looking to Launch its Own Cryptocurrency

The most well-liked social media platform in Russia, VKontakte (VK), is considering developing its own cryptocurrency, native news outlet RNS rumored on 28th March. Per the report, associate degree such-and-such person familiar in the company’s plans told the outlet that the project involves the creation of individual cryptocurrency accounts for all the users of the platform. Still, the article also claims …

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Russian Financial Watchdog Calls for Global Crypto Exchange Regulations

The Russian financial regulatory agency contacted the Financial Action Task Force (FATF) to request an intergovernmental initiative that could control the supply and flow of cryptocurrencies. Pavel Livadny, the Deputy Director of FMS, confirmed that they are endeavoring to secure the participation of all the FATF member countries to design a …

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Russia and China are becoming the new hub of over-the-counter crypto trading

According to local reports, the daily trading volume of major cryptocurrencies like Bitcoin and Ethereum in Moscow alone reach $50 million on peak days, which is relatively small in comparison to major cryptocurrency exchanges but largely given the regulatory uncertainty in Russia. Russia, one of the few countries alongside China …

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