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Bank of Russia to Start Testing Digital Ruble With Real Users on April 1
20.2.2023
The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More than a dozen banks will join the upcoming stage of the pilot project, a high-ranking representative of the bank announced to Russian media. Russia’s...
Bill Allows Russian Financial Platforms to Operate Blockchains, Issue Digital Assets
18.2.2023
A draft law filed in the Russian parliament permits operators of platforms providing financial services to also run blockchain platforms. The legislation will allow them to combine their regular activities in the traditional financial market with issuing digital assets. New Law Opens Door...
Court to Try 2 Russians for Stealing 86 Bitcoins From Crypto Miner
16.2.2023
Two residents of the Russian city of Tomsk will be tried for “large-scale robbery” involving the theft of cryptocurrency worth millions of rubles from a local miner. The digital coins were stolen from the owner at gunpoint, authorities said, adding that both criminals are now...
At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk Region
14.2.2023
Authorities in the Russian region of Irkutsk have so far filed 1,000 lawsuits against what they call “gray” miners, or people minting coins in their homes. In over half of these cases, courts have ordered the defendants to compensate the operators of the distribution networks. Hundreds of Crypto...
CBDC Launch ‘May Cost Russian Banks $684m a Year’
13.2.2023
Russian commercial banks will lose $684 million a year if the nation’s Central Bank launches a central bank digital currency (CBDC), experts have claimed.
The Central Bank vehemently opposes the adoption of what it calls “private cryptocurrencies” such as bitcoin (BTC). But the bank wants...
Russia Releases Bitzlato Co-Founder Anton Shkurenko After Questioning
12.2.2023
Russian authorities have released the recently arrested co-founder of crypto exchange Bitzlato, said to have processed illicit funds worth millions of U.S. dollars. Anton Shkurenko, who was questioned in Moscow, denies the French charges against him that became the reason for his brief detention....
State-backed Crypto Mining Farm under Construction in Russia’s Buryatia
11.2.2023
A new crypto mining facility is being built in the Russian Republic of Buryatia with support from a government-affiliated company. Construction of the infrastructure for the large-scale project is already underway, carried out by a subsidiary of Russia’s largest mining operator, Bitriver. Bitriver...
Russian Government Says It Won’t Rush into Crypto-powered Trade with Iran
10.2.2023
The Russian government has said it is exploring the notion of using crypto in trade deals with Iran – but will not be hurried into action.
Per RIA Novosti, Moscow wants to put a “clear regulatory framework” into place before allowing Russian firms to do business with Tehran in crypto....
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Russian Charged With Laundering Ransomware Proceeds in Crypto Pleads Guilty in US
10.2.2023
A Russian national accused of processing cryptocurrency payments from ransomware attacks has pleaded guilty to money laundering in the United States. The man who was extradited from the Netherlands in mid-August, last year, will be sentenced in April. Russian Crypto Launderer Pleads Guilty in...
Russian Cybercrime Gang Trickbot Sanctioned by US, UK
9.2.2023
The U.S. and U.K. issued joint sanctions on Thursday against seven members of the infamous Russian cybercrime group Trickbot
Digital Gold Traded for Digital Rubles by Russia’s Rosbank
9.2.2023
Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets and the need for digital ruble payments, the banking...
Russian government subsidies crypto mining facility in Siberia
9.2.2023
The facility, which is to open this year, will possess 30,000 crypto mining machines, hire 100 workers and consume 100 megawatts from the power grid
Bitzlato Co-Founder Anton Shkurenko Arrested in Russia, Report
9.2.2023
Russian authorities have reportedly arrested the second co-founder of seized cryptocurrency exchange Bitzlato. The man, who recently promised to restore the platform’s operations from Russia, was detained at the request of Interpol and may face extradition to France. Another Co-Founder...
Nintendo Finally Releasing Switch Game It Delayed Due To Russia Ukraine Invasion
8.2.2023
Nintendo is finally releasing Advance Wars: 1+2: Re-Boot Camp after shelving the Switch remakes for an entire year in the wake of Russia’s invasion of Ukraine.Read more
Russia’s Largest Private Bank Launches Digital Asset Platform
5.2.2023
Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s monetary authority added Alfa-Bank to its register of digital asset issuers this week. Privately-Owned Alfa-Bank Sets Up Digital Asset...
Russia Expands Its Crypto Mining Capacity, Report Reveals
5.2.2023
The total capacity of crypto mining facilities in Russia has been increasing in the past year, despite the market downturn and sanctions, according to a survey of leading operators. Depressed prices of mining equipment and stronger interest from domestic customers have been identified as major...
Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say
3.2.2023
Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s...
Bitzlato to Restore Operations and Withdrawals From Russia, Co-founder Vows
2.2.2023
Russia-linked cryptocurrency exchange Bitzlato, seized by Western law enforcement, plans to relaunch and permit partial withdrawals, a co-founder announced. Members of the trading platform’s team also intend to relocate the business to the Russian Federation. Co-Founder Says Exchange Will...
Russian Crypto Mining Fraudster Jailed for Four Years
2.2.2023
A Russian man has been sent to prison for four years for crypto mining-related fraud.
Per the media outlet 56 Orb, the man is a 47-year-old resident of Orenburg, a southwestern city near Russia’s border with Kazakhstan.
A court in the city heard that the man duped a local entrepreneur into...
US Treasury lists BTC, ETH addresses tied to Russian sanctions evasion group
1.2.2023
The government department said it would impose “full blocking sanctions” on Jonatan Zimenkov and his crypto addresses due to his connections with a sanctions evasion network