• Paxful bitcoin Russia
    Bitcoin,  Regulation

    Crypto traders, scams grow in Russia

    Peer-to-peer cryptocurrency exchange Paxful has seen tremendous growth in Russian users in the past year, while cybersecurity firms suggest the scam market is also blooming

    According to peer-to-peer cryptocurrency exchange Paxful, new users grew 365% from May to May, with revenues up 350%. That hasn’t been hampered by the pandemic, with second quarter revenues up an average of 42% per month and July set to surpass that. At the same time cybersecurity provider Qrator Labs reported a spike in new cryptocurrency scams in Russia.

  • Alexander Vinnik extradited France money laundering
    Bitcoin,  Cryptocurrencies

    France charges alleged BTC-e operator Alexander Vinnik with money laundering, extortion

    Vinnik has been on a hunger strike to protest his lengthy detention

    French officials filed preliminary charges of money laundering and extortion against Alexander Vinnik on Friday. The Russian national was extradited to France on Thursday after spending more than two years in pre-trial detention in Greece.

  • Alexander Zhuravlev, managing partner of the Efficient Business Resources (EBR) law firm, chairman of the commission for the legal support of the digital economy in the Moscow branch of the Russian bar association, and cofounder of the additional education program at the Russian organization of BCL, or Blockchain Lawyers (via Alexander Zhuravlev).
    Europe

    ‘If legislation does not exist, is everything permitted?’: An in-depth look at Russia’s long path to crypto legislation

    Russia has been struggling to pass comprehensive cryptocurrency reform for over two years. With the bill on crowdfunding finally set to go into effect in 2020, what’s going on with the arguably more crypto-related bill on digital financial assets?

    Russia’s path to cryptocurrency legislation been long and complex, but that’s nothing out of the ordinary for a country seems to do a lot of things the hard way.

  • Russian spy Maria Butina (via Wiki commons)
    Innovators

    Patrick Byrne overstocks on Russian agent, resigns

    Overstock.com CEO bows out after placing himself at the center of a scandal involving a Russian agent and election interference

    Take one sultry Russian agent, a middle-aged tech CEO nearly twice her age, and add in the FBI, Hillary Clinton, allegations of election interference, and vague comments about the “deep state” and “Men in Black,” and you’ve got the makings of Netflix’s next hot series. Or, the reason the CEO of Overstock.com resigned on August 22 from the dot-com company he built into a major online retailer.