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Venezuelan government intends to purchase Russian auto parts with its state-issued cryptocurrency. Ministers from both countries have discussed the use of the petro in bilateral transactions during a high-level meeting in Caracas. Possible Russian crypto investments are also on the agenda. Also read: Venezuelans to Buy Homes and Property with State Cryptocurrency Caracas to Build … Read more
Ubcoin Market, a peer-to-peer ecosystem that would allow its users to become crypto investors by selling real goods and receiving cryptocurrency in exchange, announces the start of the main stage of its Token Sale. The team behind the mobile payments app Ubank launches the Token Sale for its blockchain ecosystem called Ubcoin Market whose participants … Read more
ICOs that can raise over $1 billion are the unicorns of the crowdfunding space. To date, only EOS and Telegram have achieved that feat. Any project of that magnitude is bound to cause controversy, and while the headlines have focused on the $1.7 billion Telegram has raised, some investors have steered well clear of the … Read more
A new set of regulations for ICOs has been presented by the Russian Ministry of Communications. Companies organizing token sales will be obliged to guarantee that investors can sell back their tokens. Coin issuers will have to prove they control at least 100 million rubles of authorized capital in a Russian bank account. Also read: … Read more
Gazprombank will start crypto transactions pilot in Switzerland following on heels of January announcement by Sberbank of opening a crypto exchange in that same country #NEWS Go to Source Powered by WPeMatico
Russian citizens are expected to pay 13 percent tax on their crypto-related incomes. Amendments to the tax code are currently being prepared. The exact rates should be confirmed by the end of the year. However, lawyers have warned that even now citizens risk criminal prosecution if they fail to report gains from dealings with cryptocurrencies. … Read more
Gazprombank, one of Russia’s largest financial institutions, is planning to perform some cryptocurrency deals by the end of the year. According to one of its top managers, the bank is responding to demand from “substantial clients”. The pilot transactions will be conducted through its subsidiary in Switzerland. Also read: New Bill Aims to Allow Crypto … Read more
Football Fans will be able to pay with bitcoin for their accommodation when they visit Russia for this year’s World Cup. Hotels in Kaliningrad, expecting guests from eight countries, are partnering with a local payment provider to offer the service. Booking a room for the day when England plays Belgium will cost approx. $300 in … Read more
The new Eurasian Association of Blockchain will create a crypto fund to sue social media and tech giants over crypto ban. #NEWS Go to Source Powered by WPeMatico
Cryptocurrency and blockchain associations from Russia, China and South Korea plan to file a class action against internet corporations banning crypto ads. The lawsuit will challenge restrictions imposed by Facebook, Google, Twitter and Yandex. An agreement to take the matter to court in the US has been reached at a crypto conference in Moscow. Also … Read more
