The CEO of the Russian state-owned bank considers bitcoin a “technical instrument for transactions,” rather than a type of investment. The CEO of state-owned Russian bank Sberbank has officially confirmed the institution’s decision to not develop crypto-related services, local financial publication Banki.ru reports on June 7. Herman Gref, Sberbank CEO and a former minister of […]
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Medici Ventures leads $7 million funding round for a blockchain-based platform that supports remote voting. Medici Ventures, the blockchain-based subsidiary of Overstock.com, has led a $7 million funding round for a blockchain-based voting platform, according to a press release on June 6. The blockchain-based voting platform, Voatz, is reportedly designed to allow citizens to participate […]
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Russian metal producer Nornickel and global tech giant IBM teamed up to set up an educational program in blockchain technology. Global tech giant IBM has entered a partnership a Russian metal producer to launch an educational program in blockchain, local news agency TASS reports June 6. Nornickel, a Moscow-based globally leading producer of nickel and […]
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Aleksandr Konyuk said cybercrime was impacting peoples’ everyday lives and jurisdictions should study areas such as crypto as a result. Belarus’ general prosecutor has raised concerns about the role cryptocurrency could be playing in tax evasion, local daily news outlet TUT.by reported on June 4. Speaking as Belarus hosted the International Prosecutors Association’s regional conference, […]
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A judge at Russia’s Supreme Arbitration Court claimed that lawmakers should practice a policy of risk management instead of prohibition. A judge at Russia’s Supreme Arbitration Court has argued that the term digital assets should be included in the Russian Civil Law, local state-backed media agency Federal Press reports on June 4. Lyudmila Novoselova, chairman […]
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Raiffeisenbank, a Russian subsidiary of Austria’s Raiffeisen Bank International, developed a blockchain platform for settlements by holding firms. Raiffeisenbank, a Russian subsidiary of Austria’s Raiffeisen Bank International (RBI), has developed a corporate blockchain platform, the bank announced in a press release on May 31. Targeting holding firms, the new blockchain platform claims to automate settlements […]
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The Japanese House of Representatives has officially approved a new bill to amend national laws that govern crypto regulation. The Japanese House of Representatives has officially approved a new bill to amend national laws that govern crypto regulation, Cointelegraph Japan reported on May 31. The bill — which had been prepared by Japan’s Financial Services […]
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Russia’s state-owned Sberbank suspended a crypto initiative due to the negative stance of the central bank. Russia’s largest bank, the state-owned Sberbank, has suspended its crypto-related plans due to the central bank’s negative stance on the industry, local news agency TASS reports on May 30. Sberbank vice president Andrey Shemetov has reportedly revealed the news […]
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A senior official warned U.S. measures were pressuring Pyongyang into finding illicit channels of income. United States sanctions incentivized North Korea to launch cyberattacks involving cryptocurrency, a senior FBI official told a conference. The comments were quoted by South Korean English-language news outlet Korea Herald on May 30. Speaking at an event organized by U.S. […]
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Russia’s Ministry of Internal Affairs reported on the arrest of the alleged creator of a crypto pyramid scheme from Kazakhstan. Police in Russia have arrested an alleged creator of a crypto pyramid scheme from Kazakhstan who was facing an international arrest warrant, Russia’s Ministry of Internal Affairs (MOI) officially reported on May 28. The unnamed […]
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