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Major Producer Nornickel Issues Its First Metal Contract-Backed Digital Coins

One of the world’s biggest palladium producers, based in Russia, announced that it’s starting the first stage of issuing blockchain-powered tokens to its industrial partners Traxys and Umicore. Palladium Producer Giant Issues Its First Blockchain-Powered Tokens According to the announcement, Norilsk Nickel (known as Nornickel) said the issuance of the digital coins involves metal contracts,… Read More

Newly Passed Crypto Amendment may Deter Russian Crypto Mining

The Russia Ministry of Finance recently released an amendment, placing an all-out ban on any type of income resulting from cryptocurrencies, according to a lengthy report by domestic news agency Izvestia. The new amendment would practically allow the production of cryptocurrency through mining, but they will be “deprived of financial value”. This section has sparked… Read More

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