President Vladimir Putin’s government is swiftly moving to regulate the crypto sector amid Bitcoin’s historic boom. In a recent development, the Federation Council, Russia’s Upper House of Parliament, approved a bill outlining the taxation framework for crypto assets. Putin has long sought to reduce Russia’s reliance on the US dollar…
Russian lawmakers are working on a draft amendment bill enabling the country to launch a national crypto exchange. As per a report by a local media outlet, lawmakers and market participants had meetings in mid-November to discuss what changes would be required to the law to enable the creation of…
Russia’s oldest prison, called the Butyrka, has emerged as a site for unlawful crypto mining activities. A prison warden belonging to a high rank has also been accused of stealing electricity from other parts of the prison, in order to facilitate crypto mining from within the facility. Built in central…
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