Russia One Step Closer To Using Bitcoin, Crypto In International Trade
The Russian Ministry of Finance and its central bank have agreed on a draft bill allowing bitcoin and cryptocurrency payments for international trade settlements, per a report from Russian news outlet Tass.
The bill “as a whole writes out how cryptocurrency can be purchased, what can be done with it, and how cross-border settlements can or cannot be made,” said Deputy Finance Minister Alexei Moiseev.
The agreement follows a previous report in which Moiseev stated it was impossible for Russia to conduct international trade without the use of bitcoin and cryptocurrencies due to current circumstances concerning sanctions.
However, the Bank of Russia still opposes the legalization of cryptocurrency exchanges and settlements in cryptocurrencies within Russia, per the report.
The central bank’s sentiment continues to illustrate the divergence of opinion between regulators and government officials in Russia.
As previously reported by Bitcoin Magazine, the initial bill proposing a framework for digital assets was presented earlier this year by the Russian government which encouraged a ban on bitcoin mining. However, the Ministry of Finance rebutted with a bill of its own which only called for stricter regulation of the space. President Vladimir Putin then announced his support for the Ministry’s bill citing Russia’s competitive advantage with natural resources.
Since then, the Minister of Energy and the Federal Tax service have commented on how bitcoin can help small businesses or alluded to interdepartmental conversations on the matter of international trade.
Ivan Chebeskov, director of the financial stability market for the Russian Ministry of Finance previously explained that there are many more “like-minded people” on the matter.
“Also, I know that there are deputies in the State Duma who are actively engaged in this topic, perhaps it will be their initiative,” Chebeskov explained.
- White House: Elon’s ‘Twitter Files’ On Hunter Laptop Coverup Are ‘Haphazard Distraction’ December 6, 2022
- China’s President To Visit Saudi Arabia This Week December 6, 2022
- Europe Can’t Count On US Shale To Make Up For Russian Crude December 6, 2022
- Tom Cotton Calls for GOP Senators to Filibuster NDAA Until Media Cartel Plan JCPA, Other Extraneous Bills Removed December 6, 2022
- Morris: Multiple Indications FBI, Intelligence Agencies Guided Censorship of the Laptop from Hell December 6, 2022
- Group of 10 GOP Patriots Push Back on McConnell, Democrat Push to Include JCPA in NDAA December 6, 2022
- Troops On Stand-By As UK Prepares For Public Sector Strikes Ahead Of Christmas December 6, 2022
- Supply Disruption From Russia Price Cap Is Here: Tanker Jam Forms Off Turkey December 6, 2022
- Will Berlin’s Debt-Bomb Explode? December 6, 2022
- Putin Drives Mercedes To Closest Point He’s Ever Been To Ukraine Front Lines December 6, 2022
- Reject “Centralist Tyranny”: Polish PM Says Europeans Must Choose Republicanism December 6, 2022
- NASA’s Homeward-Bound Orion Spacecraft Captures Last Stunning Image Of Moon December 5, 2022
- Mapped: Global Energy Prices By Country December 5, 2022
- Victor Davis Hanson: How Corrupt Is A Corrupt Media? December 5, 2022
- Benchmark Diesel’s 17.4-Cent Plunge Comes Amid Broad Market Slide December 5, 2022
- Everything And Everybody Is More Important Than You December 5, 2022
- White House Dismisses Twitter Censoring Stories on Behalf of Joe Biden as ‘Old News’ December 5, 2022
- Global Wages Take A Hit As Inflation Eats Into Paychecks December 5, 2022
- Putin Signs Into Law Sweeping Ban On “LGBT Propaganda” December 5, 2022
- The JCPA Contains a Massive Loophole for China December 5, 2022
- Not Acxiom (unverified) - 51,730,831 breached accounts November 22, 2022In 2020, a corpus of data containing almost a quarter of a billion records spanning over 400 different fields was misattributed to database marketing company Acxiom and subsequently circulated within the hacking community. On review, Acxiom concluded that "the claims are indeed false and that the data, which has been readily available across multiple environments, […]
- GGCorp - 2,376,330 breached accounts November 8, 2022In August 2022, the MMORPG website GGCorp suffered a data breach that exposed almost 2.4M unique email addresses. The data also included IP addresses, usernames and MD5 password hashes.
- Lolzteam - 398,011 breached accounts November 6, 2022In May 2018, the Russian hacking forum Lolzteam suffered a data breach that exposed 400k members. The impacted data included usernames and email addresses which were later redistributed via another hacking forum. The data was provided to HIBP by a source who requested it be attributed to "ZAN @ BF".
- Doomworld - 34,478 breached accounts October 24, 2022In October 2022, the Doomworld fourm suffered a data breach that exposed 34k member records. The data included email and IP addresses, usernames and bcrypt password hashes.
- E-Pal - 108,887 breached accounts October 24, 2022In October 2022, the service dedicated to finding friends on Discord known as E-Pal disclosed a data breach. The compromised data included over 100k unique email addresses and usernames spanning approximately 1M orders. The data was subsequently distributed via a popular hacking forum.
- Wakanim - 6,706,951 breached accounts October 6, 2022In August 2022, the European streaming service Wakanim suffered a data breach which was subsequently advertised and sold on a popular hacking forum. The breach exposed 6.7M customer records including email, IP and physical addresses, names and usernames.
- Bhinneka - 1,274,340 breached accounts October 6, 2022In early 2020, the Indonesian consumer electronics website Bhinneka suffered a data breach that exposed almost 1.3M customer records. The data included email and physical addresses, names, genders, dates of birth, phone numbers and salted password hashes.
- TAP Air Portugal - 5,067,990 breached accounts September 23, 2022In August 2022, the Portuguese airline TAP Air Portugal was the target of a ransomware attack perpetrated by the Ragnar Locker gang who later leaked the compromised data via a public dark web site. Over 5M unique email addresses were exposed alongside other personal data including names, genders, DoBs, phone numbers and physical addresses.
- Brand New Tube - 349,627 breached accounts September 8, 2022In August 2022, the streaming website Brand New Tube suffered a data breach that exposed the personal information of almost 350k subscribers. The impacted data included email and IP addresses, usernames, genders, passwords stored as unsalted SHA-1 hashes and private messages.
- START - 7,455,386 breached accounts August 30, 2022In August 2022, news broke of an attack against the Russian streaming service "START". The incident led to the exposure of 44M records containing 7.4M unique email addresses. The impacted data also included the subscriber's country and password hash. START subsequently acknowledged the incident in a Telegram post and stated that the data dated back […]