Russia Backs Off the Cryptocurrency Regulation Rules

According to Elina Sidorenko, the head of the Russian parliament’s interdepartmental working group on cryptocurrencies, the country’s Parliament isn’t going to review the bill on legalization of cryptocurrencies anytime soon.

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.