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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

China-Based Exchange Huobi Introduces Crypto Trading App for Russian Market

Last week Huobi announced the launch of a native crypto trading app targeting the Russian market. Russia is taking a harder stance on tokens – although many exchanges still operate in the market. Huobi’s new mobile app is now available on iOS and Android. Russian members of the crypto exchange can simply navigate Huobi’s spot… Read More

Russia Puts More Regulations on Crypto – Exchanges May Suffer

In July 2020, President Vladimir Putin signed the law “On Digital Financial Assets”, marking the first official legislative document for blockchain and crypto transactions in Russia. In the latest announcement from the Ministry of Finance, an amendment regarding the law has been submitted for approval, which is expected to come into effect next January. In… Read More

Ukraine is a Leader in the Global Crypto Adoption Wave

New insights from Chainalysis indicate that Ukraine holds a top position in crypto adoption globally. Recently, Chainalysis just conducted in-depth research to analyze the, “differences in crypto adoption between countries across the globe.” Dubbed “Global Crypto Adoption Index 2020,” the research has revealed that it is not China but Ukraine that holds the first position… 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

Russia’s Sberbank Teams Up With S7 Airlines To Launch Blockchain Powered Ticket System

Numerous large organizations have expressed excitement in blockchain technology. Sberbank has become increasingly involved in blockchain development and is working with S7 airlines to launch a blockchain powered ticketing system. Russian media outlet Kommersant recently revealed that Sberbank, Russia’s leading state-owned bank, is building a strategic partnership with the largest domestic airline business, S7 Airlines,… Read More

KuCoin Partners with PayMIR to Support RUB Crypto Purchases

According to a recent announcement, IDG-backed crypto exchange KuCoin has started its partnership with PayMIR, a famous fiat on-ramp service provider in Russia to support RUB purchases of tokens. Under this collaboration, new and existing KuCoin users worldwide are able to purchase crypto with Russian Ruble (RUB) by using their credit and debit cards. The… Read More

Crypto Payments on Darknet Markets Doubled in 2019 – Chainalysis

According to a new study, which was a part of 2020 Crypto Crime Report published last week, darknet markets have significantly increased their share of total incoming crypto transactions in 2019. The report was prepared by New York-based blockchain analytics firm Chainalysis, and it found that darknet crypto transactions doubled from 0.04% in 2018 to… Read More

Binance to Introduce Fiat Gateways

Binance CEO Changpeng Zhao announced that fiat options were coming to the platform, when he was Speaking at the Open Innovations 2019 conference in Moscow yesterday. The exchange has mostly dealt with tokens up to this point, but there may be a raft of fiat options on the way. Zhao: “We’re adding support for fiat… Read More

Russia to Unveil Cryptocurrency Regulations

Russia will be unrolling a three-tired law set for cryptocurrency. Yahoo.com is reporting, “Russians use cryptocurrencies in multiple contexts, including online shopping and as investment opportunities. However, without proper legislation in place, Russian authorities can’t govern how cryptocurrencies move inside the country. This situation has caused public institutions to establish an overall negative attitude towards… Read More

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