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Bank of Russia Supports Cryptocurrency Usage for International Settlements
16.4.2024
The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style experimental regime. In contrast...
Digital Ruble Rollout Will Cost Russian Banks $536m a Year – Experts
15.4.2024
Digital ruble rollout plans could cost the Russian banking sector a total of $536 million per year, financial analysts have claimed.
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Illegal Crypto Mining: Russian Police Seize More than 3,200 Rigs in Siberia Raids
12.4.2024
Russian police have seized over 3,200 crypto mining rigs in raids on four large “illegal” data centers in Siberia.
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Russian Government Crypto Chief: Mining Regulation Is Our Priority
9.4.2024
The Russian government crypto working group chairman believes Bitcoin (BTC) mining regulation is now a priority for Moscow.
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Russian Fintech Startups Join Digital Ruble Pilot
8.4.2024
Russian fintech firms have begun joining the country’s rapidly progressing digital ruble pilot as the Central Bank looks to widen the scope of its CBDC project.
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Russian Crypto Exchange Transactions Worth $52B Last Year – Central Bank
3.4.2024
Russian crypto exchange transactions amounted to almost $52 billion in 2023, the nation’s Central Bank has revealed.
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Bank of Russia: Russians Transacted $51 Billion in Crypto During 2023
2.4.2024
The Bank of Russia noted that Russian nationals transacted $51 billion (4.78 trillion rubles) in crypto during 2023. According to an annual report issued by the bank, its investigations found that volume flows equivalent to the number, especially in bitcoin and ether, were attributed to Russian...
Tinkoff Bank Wins ‘Digital Assets’ Operating Permit in Russia
1.4.2024
Tinkoff Bank, one of Russia’s biggest banking players, has won a license to issue and sell “digital financial assets” (DFAs) in the country.
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UK, US Probe $20B in USDT Transfers by Sanctioned Russian Crypto Exchange
29.3.2024
The U.K. and the U.S. are reviewing tether transactions, valued at $20 billion, processed by the sanctioned cryptocurrency exchange Garantex. Digital currency transactions and crude oil sales are believed to be a significant source of foreign currency for Russia. Russia Sanctions Busting The U.K....
Russian Government, Central Bank ‘Come to Consensus on Crypto’
28.3.2024
Russian government bodies, the nation’s anti-money laundering agency, and the Central Bank have reportedly “come to a consensus” on crypto policy.
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Russia to Clarify Cryptocurrency Mining Gray Areas, Including Payments
27.3.2024
Anton Siluanov, the finance minister of Russia, is prepared to discuss the gray areas surrounding cryptocurrency mining and the use of its proceeding for payments. In a recent lecture, Siluanov stated that the government needed to agree “on what can be done with cryptocurrency,”...
Russia Discusses Testing Digital Ruble for Budget Payments
27.3.2024
The Central Bank of Russia and the Russian treasury are considering testing using the Russian CBDC, the digital ruble, to complete budget settlements. The tests would involve using this CBDC to make payments to businesses and citizens and receiving payments from these in CBDC, to ensure...
Russian Ministries Discuss Crypto Mining ‘Legalization’ – But There’s a Twist
27.3.2024
Russian ministries could be prepared to “legalize” industrial crypto mining in the country, but one key department could yet throw a spanner in the works.
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US Sanctions Russian Crypto Entities Following Potential Sanctions Evasions
26.3.2024
The U.S. has hit Russian crypto-related entities and individuals with additional sanctions following potential prior evasions aimed at funding the Putin-led country’s war against Ukraine, the Office of Foreign Asset Control (OFAC) revealed Monday. The latest announcement from OFAC marks the second...
US Treasury Targets Russian Blockchain Companies for Sanctions Evasion
26.3.2024
The US Treasury's Office of Foreign Assets Control (OFAC) on Monday sanctioned 13 entities and two individuals. They are accused of developing crypto-related services that could facilitate sanctions evasion on behalf of Russian nationals.
The post US Treasury Targets Russian...
Russian Crypto Industry Sends Government Draft Mining Bill
26.3.2024
Russian crypto industry chiefs have teamed up with business leaders to create a draft bill that could legalize the nation’s booming mining sector.
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CommEx, Successor to Binance in Russia, Announces Shutdown and Halts Deposits
25.3.2024
CommEx, the exchange that took over Binance's operations in Russia in September 2023, has announced it is closing down and has stopped accepting deposits.
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CommEX, Owner of Binance's Former Russian Ops, to Close Down
25.3.2024
Crypto exchange Binance sold the entirety of its Russian business to CommEX in September last year following compliance concerns
Russian Central Bank, Ministry of Finance to Settle Crypto Policy Differences
25.3.2024
The Russian Ministry of Finance says it wants to settle its long-standing crypto policy differences with the nation’s Central Bank.
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Russian Crypto Mining Hotspot Cracks Down on Illegal Miners
21.3.2024
The Russian crypto mining hotspot of Irkutsk appears to be cracking down on illegal and quasi-legal miners.
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