Russia

Firms from Russia and several parts of the former Soviet Union have allegedly turned the tiny nation of Estonia into a money laundering haven. An ongoing investigation into the Estonian branch of Danske Bank is combing through a large $150 Bn that may have been largely involved.

The question of digital market regulation still remains untouched in the Russian Federation. Even though deputies are already discussing the matter and taking it seriously, there is a high probability of the fintech being banned, as top officials think Russia is not ready for issuance and circulation of crypto.

Market season in Moscow is a very important event. It gathers thousands of farmers from Russia, Armenia, and other countries, who compete for 2,736 trading spots. Due to various farmers’ complaints about the application review system, Moscow’s authorities have decided to implement the Ethereum Blockchain.

Russia has always taken financial technology cautiously and regarded it as a very unstable and volatile thing. However, Gazpromneft-Aero and S7 Airlines finally took a risk and implemented blockchain in their field. The new technology helps to improve processing time and efficiency during aviation refuelling.

A Greek court has generally approved Russia's extradition request regarding a Russian national who was originally confined on an international warrant issued by the U.S and currently imprisoned in Thessaloniki. Remember that the Greeks had earlier accepted to extradite the criminal to France.

Ibrahim Zakriev, Mayor of Russian City Grozny together with Vnesheconombank (VEB), Russian state-owned development bank, have successfully launched two great blockchain-based pilots to try the technology for the proper management of utilities and housing and lease of all property belonging to the municipality, the bank revealed on July 24. VEB spent almost $40,000 to build the blockchain platforms.

The Russian Federation Ministry of Defence is creating a very strong and sui generis research laboratory inside the ERA technologies park, where all technologies associated with blockchain will be developed and put into practical use to improve cybersecurity and control cyber onfall on extremely important information infrastructure,  according to Izvestia news outlet.

A giant Swedish sports fashion brand, Björn Borg, has contrived a big campaign to call out Russia and the rest of countries that haven't yet permitted under law gay marriage.

Local farmers and small-scale businessmen from the town of Kolionivo have decided to create their own digital currency called Kolion. The initiative was spawned by mistrust in the country’s paper ruble that has been losing its position on the world’s financial market, CNN reports.