{"id":5288,"date":"2021-11-19T17:23:18","date_gmt":"2021-11-19T17:23:20","guid":{"rendered":"http:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html"},"modified":"2021-11-19T17:23:18","modified_gmt":"2021-11-19T17:23:20","slug":"rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction","status":"publish","type":"post","link":"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html","title":{"rendered":"\u2018Rubles cleared of risks\u2019 Cryptocurrency transactions are banned in Russia. But this didn\u2019t stop the State Hermitage Museum from earning nearly $450,000 from an NFT auction."},"content":{"rendered":"<figure class=\"EmbedBlock-module_root__28k9U EmbedBlock-module_cc__1BQ5g EmbedBlock-module_default__LSDny EmbedBlock-module_desktop__SF5a_ EmbedBlock-module_proportional__3lAv4\">A screenshot from the State Hermitage Museum\u2019s auction page on Binance NFT<\/figure>\n<p class=\"SimpleBlock-module_lead__35nXx\">In September, Russia\u2019s State Hermitage Museum raked in almost $450,000 by auctioning off famous paintings from its collection in the form of NFTs (non-fungible tokens). Despite the fact that cryptocurrency transactions are prohibited in Russia, the state museum still managed to collect the money from the sale of these digital reproductions. To do so, the Hermitage relied on the services of an intermediary, which transferred the money through a chain of third parties based abroad, according to a new report from BBC News Russian.<\/p>\n<p class=\"SimpleBlock-module_p__Q3azD\">St. Petersburg\u2019s State Hermitage Museum held an NFT auction from August 31 to September 7, with the help of the world\u2019s largest cryptocurrency exchange company \u2014 Binance. Digital reproductions of five paintings were put up for auction: Leonardo da Vinci\u2019s \u201cMadonna Litta,\u201d Giorgione\u2019s \u201cJudith,\u201d Vincent van Gogh\u2019s \u201cLilac Bush,\u201d Wassily Kandinsky\u2019s \u201cComposition VI,\u201d and Claude Monet\u2019s \u201cCorner of the Garden at Montgeron.\u201d\u00a0<\/p>\n<p class=\"SimpleBlock-module_p__Q3azD\">The NFTs were sold for Binance USD (BUSD) \u2014 a 1:1 stablecoin pegged to the U.S. dollar. The da Vinci and the Kandinsky drew the highest bids, selling for a whopping $150,000 and $80,000, respectively.<\/p>\n<figure class=\"EmbedBlock-module_root__28k9U EmbedBlock-module_cc__1BQ5g EmbedBlock-module_default__LSDny EmbedBlock-module_proportional__3lAv4\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"\/impro\/z3D0Oc2lRpOrGI3vbCPPax3s3Tgl6t6Sj4g8uO7uZwI\/fill\/325\/0\/ce\/1\/aHR0cHM6Ly9tZWR1\/emEuaW8vaW1hZ2Uv\/YXR0YWNobWVudHMv\/aW1hZ2VzLzAwNy8y\/NDgvODEyL29yaWdp\/bmFsL0FUZjRjMHVr\/eXJRRC0zYXktbkRo\/YkEuanBn.jpg\" class=\"lazyload\" alt=\"Another screenshot from the Hermitage Museum\u2019s auction page on Binance NFT\"><noscript><img decoding=\"async\" src=\"\/impro\/z3D0Oc2lRpOrGI3vbCPPax3s3Tgl6t6Sj4g8uO7uZwI\/fill\/325\/0\/ce\/1\/aHR0cHM6Ly9tZWR1\/emEuaW8vaW1hZ2Uv\/YXR0YWNobWVudHMv\/aW1hZ2VzLzAwNy8y\/NDgvODEyL29yaWdp\/bmFsL0FUZjRjMHVr\/eXJRRC0zYXktbkRo\/YkEuanBn.jpg\" alt=\"Another screenshot from the Hermitage Museum\u2019s auction page on Binance NFT\"><\/noscript>Another screenshot from the Hermitage Museum\u2019s auction page on Binance NFT<\/figure>\n<p class=\"SimpleBlock-module_p__Q3azD\">The museum\u2019s director, Mikhail Piotrovsky, said the museum had a difficult time selling the NFTs. \u201cWe sold several uniqure reproductions at the auction. But we also faced those problems that the crypto environment and cryptocurrencies create for normal people, because [you can sell something], but getting the money back is difficult,\u201d Pitrovsky said on November 10, at the opening of the Hermitage Museum\u2019s NFT art exhibition \u201cThe Ethereal Aether.\u201d<\/p>\n<p class=\"SimpleBlock-module_p__Q3azD\">According to the Russian BBC, about a month before the auction, in late July, the Hermitage posted a notice on the public procurement website, seeking an agent to handle the issue and sale of digital reproductions of paintings, as well as any relevant legal matters. The museum hired the Moscow law firm LFCS, to the tune of one million rubles ($13,600), handing out the contract without any competition (it can do so with permission from the Culture Ministry).\u00a0<\/p>\n<p class=\"SimpleBlock-module_p__Q3azD\">An intermediary called NFTMASTERS was specially created to interact with Binance. According to the head of LFCS, lawyer Yuriy Brisov, the transaction involving the Hermitage was set up in such a way that Russian citizens paid for the services of a foreign company located in a foreign jurisdiction. \u201cWe\u2019ve created a chain of agents with whom we work under contracts \u2014 Swiss banks, Liechtensteinian companies, and so on,\u201d the lawyer said. Then, Brisov explained, \u201crubles cleared of risks\u201d were deposited into the bank account of a Russian intermediary, which paid taxes on the sum and then transferred the money to the Hermitage. Brisov claimed that cryptocurrencies didn\u2019t feature in this chain of transactions, referring to the stablecoin BUSD as \u201ctokens, denominated in foreign currency.\u201d Binance, however, describes BUSD as a cryptocurrency.\u00a0<\/p>\n<p class=\"SimpleBlock-module_p__Q3azD\">In response to a request for comment, the Hermitage Museum forwarded the Russian BBC an article about its first experience selling NFTs. The article, prepared by the museum\u2019s head of legal Marina Tsyguleva, was published in the September issue of the journal Property Relations in the Russian Federation.\u00a0<\/p>\n<p class=\"SimpleBlock-module_p__Q3azD\">Tsyguleva explained that in order to \u201ceffectively implement\u201d the NFT auction, the Hermitage \u201cused a scheme based on a mixed contract, gravitating toward an agency service.\u201d This agency scheme, she said, was used at all stages of the project and allowed the Hermitage \u201cto remain completely within the framework of existing legislation.\u201d<\/p>\n<p>\u201cUnder the existing Russian legislation, it is formally impossible for the Hermitage itself to sell non-fungible tokens [NFTs] on the marketplace. The Russian Federation is not a country with positive blockchain regulation; accordingly, all possible restrictions in this area apply to the State Hermitage [Museum], and the museum, by definition, cannot receive or simply have in its account the [crypto] tokens for which an NFT is exchanged at an auction,\u201d the museum\u2019s head of legal wrote.\u00a0<\/p>\n<p class=\"SimpleBlock-module_p__Q3azD\">Tsyguleva added that the museum conducted all its transactions in rubles \u2014 from the agency fee to the deposit in the museum\u2019s treasury account from the sale of the NFTs.<\/p>\n<p class=\"SimpleBlock-module_p__Q3azD\">The Hermitage Museum recently signed a new, year-long agreement with the law firm LFCS for handling additional NFTs. The contract caps the agency\u2019s fee at a cool 15 million rubles ($204,000). As lawyer Yuriy Brisov told the Russian BBC, the museum is considering several projects involving the creation and sale of new NFTs \u2014 the next collection of digital reproductions could be put up for auction before the end of the year.\u00a0<\/p>\n<h3 class=\"DonatesTeaser-module_title__hs-yr\">We won\u2019t give up Because you\u2019re with us<\/h3>\n<p>I\u2019m with you, Meduza<\/p>\n<p class=\"MaterialNote-module_note_caption__1ezSo\">Summary by <strong>Alexander Baklanov<\/strong><\/p>\n<p class=\"MaterialNote-module_note_credit__PuFyX\">Translation by <strong>Eilish Hart<\/strong><\/p>\n<p><!--noindex--><a target=\"_blank\" rel=\"nofollow noopener\" href=\"http:\/\/meduza.io\/en\/feature\/2021\/11\/19\/rubles-cleared-of-risks\">Source<\/a><!--\/noindex--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A screenshot from the State Hermitage Museum\u2019s auction page on Binance NFT In September, Russia\u2019s State Hermitage Museum raked in almost $450,000 by auctioning off famous paintings from its collection in the form of NFTs (non-fungible tokens). Despite the fact that cryptocurrency transactions are prohibited in Russia, the state museum still managed to collect the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"\/impro\/z3D0Oc2lRpOrGI3vbCPPax3s3Tgl6t6Sj4g8uO7uZwI\/fill\/325\/0\/ce\/1\/aHR0cHM6Ly9tZWR1\/emEuaW8vaW1hZ2Uv\/YXR0YWNobWVudHMv\/aW1hZ2VzLzAwNy8y\/NDgvODEyL29yaWdp\/bmFsL0FUZjRjMHVr\/eXJRRC0zYXktbkRo\/YkEuanBn.jpg","fifu_image_alt":"","footnotes":""},"categories":[87],"tags":[],"class_list":["post-5288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news-from-russia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u2018Rubles cleared of risks\u2019 Cryptocurrency transactions are banned in Russia. But this didn\u2019t stop the State Hermitage Museum from earning nearly $450,000 from an NFT auction. - Learn Russian<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Rubles cleared of risks\u2019 Cryptocurrency transactions are banned in Russia. But this didn\u2019t stop the State Hermitage Museum from earning nearly $450,000 from an NFT auction. - Learn Russian\" \/>\n<meta property=\"og:description\" content=\"A screenshot from the State Hermitage Museum\u2019s auction page on Binance NFT In September, Russia\u2019s State Hermitage Museum raked in almost $450,000 by auctioning off famous paintings from its collection in the form of NFTs (non-fungible tokens). Despite the fact that cryptocurrency transactions are prohibited in Russia, the state museum still managed to collect the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html\" \/>\n<meta property=\"og:site_name\" content=\"Learn Russian\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-19T17:23:20+00:00\" \/>\n<meta property=\"og:image\" content=\"\/impro\/z3D0Oc2lRpOrGI3vbCPPax3s3Tgl6t6Sj4g8uO7uZwI\/fill\/325\/0\/ce\/1\/aHR0cHM6Ly9tZWR1\/emEuaW8vaW1hZ2Uv\/YXR0YWNobWVudHMv\/aW1hZ2VzLzAwNy8y\/NDgvODEyL29yaWdp\/bmFsL0FUZjRjMHVr\/eXJRRC0zYXktbkRo\/YkEuanBn.jpg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"\/impro\/z3D0Oc2lRpOrGI3vbCPPax3s3Tgl6t6Sj4g8uO7uZwI\/fill\/325\/0\/ce\/1\/aHR0cHM6Ly9tZWR1\/emEuaW8vaW1hZ2Uv\/YXR0YWNobWVudHMv\/aW1hZ2VzLzAwNy8y\/NDgvODEyL29yaWdp\/bmFsL0FUZjRjMHVr\/eXJRRC0zYXktbkRo\/YkEuanBn.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/mediateka.online\\\/learnrussian\\\/#\\\/schema\\\/person\\\/0d6f5f7bbb19440e07a465cadacf8014\"},\"headline\":\"\u2018Rubles cleared of risks\u2019 Cryptocurrency transactions are banned in Russia. But this didn\u2019t stop the State Hermitage Museum from earning nearly $450,000 from an NFT auction.\",\"datePublished\":\"2021-11-19T17:23:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html\"},\"wordCount\":812,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#primaryimage\"},\"thumbnailUrl\":\"\\\/impro\\\/z3D0Oc2lRpOrGI3vbCPPax3s3Tgl6t6Sj4g8uO7uZwI\\\/fill\\\/325\\\/0\\\/ce\\\/1\\\/aHR0cHM6Ly9tZWR1\\\/emEuaW8vaW1hZ2Uv\\\/YXR0YWNobWVudHMv\\\/aW1hZ2VzLzAwNy8y\\\/NDgvODEyL29yaWdp\\\/bmFsL0FUZjRjMHVr\\\/eXJRRC0zYXktbkRo\\\/YkEuanBn.jpg\",\"articleSection\":[\"Latest News From Russia\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html\",\"url\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html\",\"name\":\"\u2018Rubles cleared of risks\u2019 Cryptocurrency transactions are banned in Russia. But this didn\u2019t stop the State Hermitage Museum from earning nearly $450,000 from an NFT auction. - Learn Russian\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/mediateka.online\\\/learnrussian\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#primaryimage\"},\"thumbnailUrl\":\"\\\/impro\\\/z3D0Oc2lRpOrGI3vbCPPax3s3Tgl6t6Sj4g8uO7uZwI\\\/fill\\\/325\\\/0\\\/ce\\\/1\\\/aHR0cHM6Ly9tZWR1\\\/emEuaW8vaW1hZ2Uv\\\/YXR0YWNobWVudHMv\\\/aW1hZ2VzLzAwNy8y\\\/NDgvODEyL29yaWdp\\\/bmFsL0FUZjRjMHVr\\\/eXJRRC0zYXktbkRo\\\/YkEuanBn.jpg\",\"datePublished\":\"2021-11-19T17:23:20+00:00\",\"author\":{\"@id\":\"http:\\\/\\\/mediateka.online\\\/learnrussian\\\/#\\\/schema\\\/person\\\/0d6f5f7bbb19440e07a465cadacf8014\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#primaryimage\",\"url\":\"\\\/impro\\\/z3D0Oc2lRpOrGI3vbCPPax3s3Tgl6t6Sj4g8uO7uZwI\\\/fill\\\/325\\\/0\\\/ce\\\/1\\\/aHR0cHM6Ly9tZWR1\\\/emEuaW8vaW1hZ2Uv\\\/YXR0YWNobWVudHMv\\\/aW1hZ2VzLzAwNy8y\\\/NDgvODEyL29yaWdp\\\/bmFsL0FUZjRjMHVr\\\/eXJRRC0zYXktbkRo\\\/YkEuanBn.jpg\",\"contentUrl\":\"\\\/impro\\\/z3D0Oc2lRpOrGI3vbCPPax3s3Tgl6t6Sj4g8uO7uZwI\\\/fill\\\/325\\\/0\\\/ce\\\/1\\\/aHR0cHM6Ly9tZWR1\\\/emEuaW8vaW1hZ2Uv\\\/YXR0YWNobWVudHMv\\\/aW1hZ2VzLzAwNy8y\\\/NDgvODEyL29yaWdp\\\/bmFsL0FUZjRjMHVr\\\/eXJRRC0zYXktbkRo\\\/YkEuanBn.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\\\/\\\/mediateka.online\\\/learnrussian\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u2018Rubles cleared of risks\u2019 Cryptocurrency transactions are banned in Russia. But this didn\u2019t stop the State Hermitage Museum from earning nearly $450,000 from an NFT auction.\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\\\/\\\/mediateka.online\\\/learnrussian\\\/#website\",\"url\":\"http:\\\/\\\/mediateka.online\\\/learnrussian\\\/\",\"name\":\"Learn Russian\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\\\/\\\/mediateka.online\\\/learnrussian\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"http:\\\/\\\/mediateka.online\\\/learnrussian\\\/#\\\/schema\\\/person\\\/0d6f5f7bbb19440e07a465cadacf8014\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3cb8defb436a9145a6d9818e569d809a425a51abab285acc70ac733f3e71e5e9?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3cb8defb436a9145a6d9818e569d809a425a51abab285acc70ac733f3e71e5e9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3cb8defb436a9145a6d9818e569d809a425a51abab285acc70ac733f3e71e5e9?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/mediateka.online\\\/learnrussian\"],\"url\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/author\\\/admin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u2018Rubles cleared of risks\u2019 Cryptocurrency transactions are banned in Russia. But this didn\u2019t stop the State Hermitage Museum from earning nearly $450,000 from an NFT auction. - Learn Russian","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html","og_locale":"en_US","og_type":"article","og_title":"\u2018Rubles cleared of risks\u2019 Cryptocurrency transactions are banned in Russia. But this didn\u2019t stop the State Hermitage Museum from earning nearly $450,000 from an NFT auction. - Learn Russian","og_description":"A screenshot from the State Hermitage Museum\u2019s auction page on Binance NFT In September, Russia\u2019s State Hermitage Museum raked in almost $450,000 by auctioning off famous paintings from its collection in the form of NFTs (non-fungible tokens). Despite the fact that cryptocurrency transactions are prohibited in Russia, the state museum still managed to collect the [&hellip;]","og_url":"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html","og_site_name":"Learn Russian","article_published_time":"2021-11-19T17:23:20+00:00","og_image":[{"url":"\/impro\/z3D0Oc2lRpOrGI3vbCPPax3s3Tgl6t6Sj4g8uO7uZwI\/fill\/325\/0\/ce\/1\/aHR0cHM6Ly9tZWR1\/emEuaW8vaW1hZ2Uv\/YXR0YWNobWVudHMv\/aW1hZ2VzLzAwNy8y\/NDgvODEyL29yaWdp\/bmFsL0FUZjRjMHVr\/eXJRRC0zYXktbkRo\/YkEuanBn.jpg","type":"","width":"","height":""}],"author":"admin","twitter_card":"summary_large_image","twitter_image":"\/impro\/z3D0Oc2lRpOrGI3vbCPPax3s3Tgl6t6Sj4g8uO7uZwI\/fill\/325\/0\/ce\/1\/aHR0cHM6Ly9tZWR1\/emEuaW8vaW1hZ2Uv\/YXR0YWNobWVudHMv\/aW1hZ2VzLzAwNy8y\/NDgvODEyL29yaWdp\/bmFsL0FUZjRjMHVr\/eXJRRC0zYXktbkRo\/YkEuanBn.jpg","twitter_misc":{"Written by":"admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#article","isPartOf":{"@id":"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html"},"author":{"name":"admin","@id":"http:\/\/mediateka.online\/learnrussian\/#\/schema\/person\/0d6f5f7bbb19440e07a465cadacf8014"},"headline":"\u2018Rubles cleared of risks\u2019 Cryptocurrency transactions are banned in Russia. But this didn\u2019t stop the State Hermitage Museum from earning nearly $450,000 from an NFT auction.","datePublished":"2021-11-19T17:23:20+00:00","mainEntityOfPage":{"@id":"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html"},"wordCount":812,"commentCount":0,"image":{"@id":"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#primaryimage"},"thumbnailUrl":"\/impro\/z3D0Oc2lRpOrGI3vbCPPax3s3Tgl6t6Sj4g8uO7uZwI\/fill\/325\/0\/ce\/1\/aHR0cHM6Ly9tZWR1\/emEuaW8vaW1hZ2Uv\/YXR0YWNobWVudHMv\/aW1hZ2VzLzAwNy8y\/NDgvODEyL29yaWdp\/bmFsL0FUZjRjMHVr\/eXJRRC0zYXktbkRo\/YkEuanBn.jpg","articleSection":["Latest News From Russia"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html","url":"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html","name":"\u2018Rubles cleared of risks\u2019 Cryptocurrency transactions are banned in Russia. But this didn\u2019t stop the State Hermitage Museum from earning nearly $450,000 from an NFT auction. - Learn Russian","isPartOf":{"@id":"http:\/\/mediateka.online\/learnrussian\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#primaryimage"},"image":{"@id":"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#primaryimage"},"thumbnailUrl":"\/impro\/z3D0Oc2lRpOrGI3vbCPPax3s3Tgl6t6Sj4g8uO7uZwI\/fill\/325\/0\/ce\/1\/aHR0cHM6Ly9tZWR1\/emEuaW8vaW1hZ2Uv\/YXR0YWNobWVudHMv\/aW1hZ2VzLzAwNy8y\/NDgvODEyL29yaWdp\/bmFsL0FUZjRjMHVr\/eXJRRC0zYXktbkRo\/YkEuanBn.jpg","datePublished":"2021-11-19T17:23:20+00:00","author":{"@id":"http:\/\/mediateka.online\/learnrussian\/#\/schema\/person\/0d6f5f7bbb19440e07a465cadacf8014"},"breadcrumb":{"@id":"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#primaryimage","url":"\/impro\/z3D0Oc2lRpOrGI3vbCPPax3s3Tgl6t6Sj4g8uO7uZwI\/fill\/325\/0\/ce\/1\/aHR0cHM6Ly9tZWR1\/emEuaW8vaW1hZ2Uv\/YXR0YWNobWVudHMv\/aW1hZ2VzLzAwNy8y\/NDgvODEyL29yaWdp\/bmFsL0FUZjRjMHVr\/eXJRRC0zYXktbkRo\/YkEuanBn.jpg","contentUrl":"\/impro\/z3D0Oc2lRpOrGI3vbCPPax3s3Tgl6t6Sj4g8uO7uZwI\/fill\/325\/0\/ce\/1\/aHR0cHM6Ly9tZWR1\/emEuaW8vaW1hZ2Uv\/YXR0YWNobWVudHMv\/aW1hZ2VzLzAwNy8y\/NDgvODEyL29yaWdp\/bmFsL0FUZjRjMHVr\/eXJRRC0zYXktbkRo\/YkEuanBn.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/mediateka.online\/learnrussian\/rubles-cleared-of-risks-cryptocurrency-transactions-are-banned-in-russia-but-this-didnt-stop-the-state-hermitage-museum-from-earning-nearly-450000-from-an-nft-auction.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/mediateka.online\/learnrussian"},{"@type":"ListItem","position":2,"name":"\u2018Rubles cleared of risks\u2019 Cryptocurrency transactions are banned in Russia. But this didn\u2019t stop the State Hermitage Museum from earning nearly $450,000 from an NFT auction."}]},{"@type":"WebSite","@id":"http:\/\/mediateka.online\/learnrussian\/#website","url":"http:\/\/mediateka.online\/learnrussian\/","name":"Learn Russian","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/mediateka.online\/learnrussian\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"http:\/\/mediateka.online\/learnrussian\/#\/schema\/person\/0d6f5f7bbb19440e07a465cadacf8014","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/3cb8defb436a9145a6d9818e569d809a425a51abab285acc70ac733f3e71e5e9?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/3cb8defb436a9145a6d9818e569d809a425a51abab285acc70ac733f3e71e5e9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3cb8defb436a9145a6d9818e569d809a425a51abab285acc70ac733f3e71e5e9?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/mediateka.online\/learnrussian"],"url":"https:\/\/mediateka.online\/learnrussian\/author\/admin"}]}},"_links":{"self":[{"href":"https:\/\/mediateka.online\/learnrussian\/wp-json\/wp\/v2\/posts\/5288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mediateka.online\/learnrussian\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mediateka.online\/learnrussian\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mediateka.online\/learnrussian\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mediateka.online\/learnrussian\/wp-json\/wp\/v2\/comments?post=5288"}],"version-history":[{"count":0,"href":"https:\/\/mediateka.online\/learnrussian\/wp-json\/wp\/v2\/posts\/5288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mediateka.online\/learnrussian\/wp-json\/wp\/v2\/media\/5289"}],"wp:attachment":[{"href":"https:\/\/mediateka.online\/learnrussian\/wp-json\/wp\/v2\/media?parent=5288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mediateka.online\/learnrussian\/wp-json\/wp\/v2\/categories?post=5288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mediateka.online\/learnrussian\/wp-json\/wp\/v2\/tags?post=5288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}