Russia | ForkLog

ForkLog 20 03.12.2024

Russian Police Uncover Fake Crypto ATM Scheme

In Moscow, police have detained a suspect involved in the theft of citizens’ savings through the use of crypto ATMs, according to a statement from the Russian Ministry of Internal Affairs. Preliminary information suggests that a group of criminals installed over 20 crypto ATMs in several Russian regions and managed them remotely. Allegedly, victims were […]

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ForkLog 42 03.12.2024

Russia Develops AI Assistant for Psychologists

In Russia, a virtual assistant powered by AI has been developed for psychologists, reportedly doubling productivity, service quality, and revenue. This was reported by TASS Science, citing the press service of the Ministry of Science and Innovation Policy of the Novosibirsk Region. “The program helps automate processes and focus on the client, enhancing specialists’ productivity. […]

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ForkLog 41 02.12.2024

Founder of Hydra Store Sentenced to Life Imprisonment in Russia

The Moscow Regional Court has sentenced Stanislav Moiseev, the founder of a store on the darknet marketplace Hydra, to life imprisonment and a fine of 4 million rubles, as reported by Interfax. Fifteen of Moiseev’s accomplices received sentences ranging from eight to 23 years, with fines totaling 16 million rubles. All individuals involved in the […]

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ForkLog 15 02.12.2024

Siberian Legislator Faces Charges for Garage-Based Crypto Mining

A member of the Krivodanovsky village council in the Novosibirsk region has been accused of causing property damage through illegal cryptocurrency mining, according to the regional prosecutor’s office. Case files indicate that 28-year-old Alik Nersisyan set up an illicit mining operation in his garage in the village of Krivodanovka. Investigators allege he used piercing clamps […]

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ForkLog 25 29.11.2024

Russian Central Bank Reports 4.8 Trillion Rubles in Crypto Transactions

In the second and third quarters of 2024, Russian users conducted cryptocurrency transactions amounting to 4.8 trillion rubles ($45.2 billion at the time of writing), according to the central bank’s assessment. This marks an 18% increase from the previous reporting period. As of September, the balances of Russians on cryptocurrency exchanges decreased by 15.8% compared […]

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ForkLog 16 29.11.2024

Russia Dismisses Proposal for Bitcoin Reserves

Russia has no immediate plans to store budget reserves in the leading cryptocurrency. This was stated by Anatoly Aksakov, head of the State Duma Committee on Financial Markets, in an interview with Parliamentary Newspaper. He attributed this stance to the asset’s high volatility and technical characteristics. “Bitcoin is backed by private individuals, and it is […]

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ForkLog 157 27.11.2024

OneCoin Founder Ruja Ignatova Allegedly Hiding in Russia

Ruja Ignatova, the founder of the cryptocurrency pyramid scheme OneCoin, reportedly had connections within Kremlin circles and may be hiding in Russia. This was revealed in a letter to Decrypt by BBC investigative journalist Joran Tsalov. The source cites information obtained during an interview with Ignatova’s former security advisor, Frank Schneider. Schneider allegedly confirmed the […]

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ForkLog 28 27.11.2024

Russian Ministry Urges Delay in Digital Ruble Launch

Russian retail networks require a two-year transition period to prepare for operations with the digital ruble, according to the Ministry of Industry and Trade’s response to a bill on initiating transactions in the national currency, reports Izvestia. The ministry believes the timelines set by the regulator are “excessively swift” and pose risks to trade. “It […]

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ForkLog 41 26.11.2024

Russia Formalises Bitcoin Taxation

On November 26, the State Duma passed a law on the taxation of digital currency in both the second and third readings, as reported by TASS. Cryptocurrency is now recognised as property. The tax base is determined by the excess of the asset’s value over the costs of its purchase or mining. Individuals selling cryptocurrency […]

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ForkLog 16 25.11.2024

Bank of Russia Considers Unified App for Digital Ruble

The Bank of Russia has received a proposal from the ARB to develop a unified mobile application for digital ruble transactions, aiming to reduce infrastructure costs for the new national currency. This was reported by Vedomosti. The digital ruble is planned to be mandatory for implementation in all banks: those with a universal license by […]

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ForkLog 12 22.11.2024

Russia Develops AI System to Detect Collusion in State Auctions

The Higher School of Economics (HSE) has unveiled an AI model designed to detect collusion in state auctions. The system successfully identified cartels in over 90% of cases, reports Kommersant. The current antitrust control system faces challenges due to the scale of the public procurement market. In 2023, 2.4 million contracts were signed, amounting to […]

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ForkLog 43 22.11.2024

Bank of Russia Releases Report on Real-World Asset Tokenization

The Bank of Russia has unveiled a report dedicated to the specifics of tokenizing real-world assets (RWA). According to the regulator, converting geographically tied assets into a digital format enhances their potential by increasing liquidity and making them more accessible to a broader range of investors. The central bank noted that globally, attitudes towards tokenization […]

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