Russia

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Russian Metals Firm Adopts IBM's Blockchain to Retain Its Mining Record

Norilsk Nickel, a Russian metals firm, supports IBM’s Responsible Sourcing Blockchain Network supporting responsible sourcing and production in mining.
Russian Metals Firm Adopts IBM's Blockchain to Retain Its Mining Record
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Huobi Global Now Enables Deposits and Withdrawals in Russian Ruble

Huobi cooperated with AdvCash, the fiat and crypto payment processor, to unlock deposits and withdrawals in Russian rubles.
Huobi Global Now Enables Deposits and Withdrawals in Russian Ruble
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The Russian Central Bank Doesn't Believe Digital Ruble Will Threat Banks

Russian banks are concerned the digital ruble might hurt their business, but the Bank of Russia is nonchalant.
The Russian Central Bank Doesn't Believe Digital Ruble Will Threat Banks
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ICoinTime|Bitcoin's Market Cap Exceeds the Base Money Supply of the UK and Russia Combined

Bitcoin is currently more liquid than the cash supply of a global reserve currency, the Great British Pound, or GBP.
ICoinTime|Bitcoin's Market Cap Exceeds the Base Money Supply of the UK and Russia Combined
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ICoinTime|En+ Partners with Bitriver to Build a Bitcoin Mining Plant

En+ decided to involve in the crypto industry following some experimentation in the sector, as per Mikhail Khardikov - the firm's chief financial officer. Three years ago, the firm served for the mining firm BitRiver and sold power to its farm in Bratsk.
ICoinTime|En+ Partners with Bitriver to Build a Bitcoin Mining Plant
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Bank of Russia hears commercial banks' concerns over digital Ruble

Over the course of the past eleven months, cryptocurrencies have emerged to become a serious asset class, one being taken note of by countries and regulatory agencies all over the world.
Bank of Russia hears commercial banks' concerns over digital Ruble
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Russia's Prime Minister Proposes to Develop Crypto Market

Russia's prime minister Mikhail Mishustin advised that crypto should be treated as property under the nation's tax code.
Russia's Prime Minister Proposes to Develop Crypto Market
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ICoinTime|Russia is Softening its Strict Crypto Laws

The latest draft bill is less stringent, but it still provides that if Russians do not declare their crypto holdings, they could be sentenced to three years' imprisonment.
ICoinTime|Russia is Softening its Strict Crypto Laws
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