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EU Cracks Down on Crypto in Sanctions Evasion Fight


European Union (EU) lawmakers have taken decisive action to bolster efforts to tackle sanctions violations, including those involving cryptocurrencies. The post EU Cracks Down on Crypto in Sanctions Evasion Fight appeared first on Cryptonews

BRICS to Develop Digital Currencies and Blockchain-Based Payment System


BRICS nations announce plans to collaborate to launch an independent blockchain-based payment system, introducing their own digital currencies to streamline cost-effective transactions. The post BRICS to Develop Digital Currencies and Blockchain-Based Payment System appeared first on Cryptonews

Russian Digital Ruble Pilot ‘on Track,’ Registers About 25K Transactions


Elvira Nabiullina, Governor of the Bank of Russia, stated that the current pilot test of the Russian digital ruble was “on track,” with several operations being tested, including opening wallets, and interactions with smart contracts. Nabiullina revealed that over 25,000 transactions...

Russia’s FATF Rating Downgraded Over Crypto Regulation Shortfalls


The Financial Action Task Force (FATF) has lowered Russia’s rating owing to insufficient oversight of cryptocurrencies, as indicated by regional coverage. According to RBC, this downgrade highlights escalating worries about the country’s capacity to oversee and mitigate dubious...

Russia Hints at Development of CBDC-Based BRICS Bridge Payments System


Russia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to by Russian Finance Minister Anton Siluanov, would address the fragmentation of the current...

BitRiver to Build New 100MW Crypto Mining Center in Russia


BitRiver, Russia’s biggest industrial crypto mining firm, has announced it is building a new 100MW data center in Eastern Siberia. The post BitRiver to Build New 100MW Crypto Mining Center in Russia appeared first on Cryptonews

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