Three People Arrested in Russia for Illegally Trading Bitcoin

Last week, Russian police arrested three men for illegally trading in 500 million rubles worth of bitcoin, or around $9 million worth of the cryptocurrency. Arrests were made approximately 260 miles northeast of Moscow in the city of Kostroma. 

Russia to Ban Selling Bitcoin to Individuals

Russia’s ministry of finance intends to ban selling bitcoins to individuals, the deputy minister of finance Alexei Moiseev stated in his interview with Rossiya-24 news channel.

Estonia May Launch the World’s First Government ICO

Over the last two-and-a-half years, Estonia has offered so-called e-Residency to foreign entrepreneurs who want to virtually site their businesses in the country. The program gives people an Estonian government-backed digital ID, the ability to simply register an EU company, access to business banking and payments services, and tools with.