Russia’s Latest Draft Bill Would Still Largely Ban Crypto, Stifle Miners
Russia's Ministry of Finance wants to ban any cryptocurrency payments, which could be bad news for the country's mining farms.
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The Ministry of Finance is seeking amendments to the law that would force cryptocurrency users to report wallet balances and large transactions to the tax authorities.
The alleged hackers also manipulated NEO's Gas market with a $5 million crypto infusion.
Roskomnadzor blacklisted Binance in June, but apparently only made the cryptocurrency exchange aware of its decision today.
A significant amount of cryptocurrency activities in the Eastern Europe is related to the dark market and ransomware, according to a Chainalysis report.
Ukraine, Russia and Venezuela are the top three countries by crypto adoption in the world, according to Chainalysis.
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