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UK, US Probe $20B in USDT Transfers by Sanctioned Russian Crypto Exchange


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’


Russian government bodies, the nation’s anti-money laundering agency, and the Central Bank have reportedly “come to a consensus” on crypto policy. The post Russian Government, Central Bank ‘Come to Consensus on Crypto’ appeared first on Cryptonews

Russia to Clarify Cryptocurrency Mining Gray Areas, Including Payments


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


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...

US Sanctions Russian Crypto Entities Following Potential Sanctions Evasions


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


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


Russian crypto industry chiefs have teamed up with business leaders to create a draft bill that could legalize the nation’s booming mining sector. The post Russian Crypto Industry Sends Government Draft Mining Bill appeared first on Cryptonews

Russian Government to Create Crypto Confiscation Platform


The Russian government is planning to build a platform that will allow the nation’s law enforcement agencies to seize and hold crypto they confiscate from criminals. The post Russian Government to Create Crypto Confiscation Platform appeared first on Cryptonews

Russian Crypto Mining Industry Could Be Set for $4Bn Boost


The Russian crypto mining industry could be set for a $4 billion boost, representatives claimed at a media event in Irkutsk, Siberia. The post Russian Crypto Mining Industry Could Be Set for $4Bn Boost appeared first on Cryptonews

Russia Regulates Use of Digital Assets for International Settlements


Russia has integrated the use of digital assets as payment for international transactions in its legislation. President Vladimir Putin signed into law a document that describes using these assets as payment for international settlements, a use case not contemplated in any law, appointing...

Putin Signs ‘CBDC, Digital Assets Payments’ Bill into Law


Russian President Vladimir Putin signed a law allowing firms in the country to use digital financial assets including the digital ruble in international payments on March 11. The post Putin Signs ‘CBDC, Digital Assets Payments’ Bill into Law appeared first on Cryptonews

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