Russia

The deputy of State Duma from the Communist Party of the Russian Federation, Rizvan Kurbanov, has submitted a draft of a bill to the government that would fix a new crypto token called "CryptoRuble" as an official means of payment in Russia.

Rustam Kutuev, business developer at Finom AG Blockchain Corp, founder of Pride Games Game Studios and the Cryptal mining center in Russia, used to own two car repair shops and car rental services. He even used to export fuel pellets to Europe, but now he has a new passion –  cryptocurrency production.

Russia has produced lots of prominent figures in the crypto industry, including Vitalik Buterin and Igor Barinov. These days, it’s almost impossible to come across some ICO landing page without seeing at least one Russian name on the team.

Axon Partners and ForkLog Consulting have published a report researching the regulation of cryptocurrency in different countries

The American corporation Simex inc. founded by a group of Russian developers and US investors is launching the trade of the Bitcoin for the Russian rouble in the territory of Russia and the US dollar in the USA on its own SIMEX platform.

The Deputy Finance Minister of Russia, Alexei Moiseyev, recently stated payments with Bitcoin will not be legalized in Russia and making transactions via Bitcoin should be considered similar to playing the board game “Monopoly”.

Representatives of Burger King fast food restaurants, who have recently announced the launch of a new cryptocurrency “Whoppercoin”, have been called in to the prosecutor's office in Moscow to explain the nature of their digital currency and how it works.

Great news for crypto-investors comes from Russia: the country creates a free investment zone in the Far East region. The first project there expands the boundaries of the crypto-market – Russians are ready to trade wood and timber for crypto-currencies. DAO Lescoin is at the pre-ICO stage right now and here are 5 reasons why you need to check it out.

UAZ, an automobile manufacturer based in Ulyanovsk, Russia, has announced plans to accept cryptocurrency when selling its cars. UAZ is best known for the UAZ-469 utility vehicle, which has seen wide use as a military vehicle around the world.