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Nalezeno "russia": 2475

Russia’s Largest Private Bank Launches Digital Asset Platform


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


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...

Sberbank Set to Launch Decentralized Finance Platform Based on Ethereum


A recent report details that Russia’s largest financial institution, Sberbank, plans to launch a decentralized finance (defi) platform in May. Konstantin Klimenko, product director of Sberbank’s blockchain laboratory, said that open testing will begin in March. Sberbank’s Defi...

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say


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


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


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...

Russians Offered Ready-made Crypto Exchange Accounts Amid Restrictions


Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity experts told the Russian press. Supply of Crypto...

Ban on Crypto Mining in Residential Areas Proposed in Russia


Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its regions. The stated motive for the proposal is to prevent fires in residential buildings. Amateur miners have been blamed for high loads on the grid causing breakdowns and blackouts. Energy...

Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit


Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to Iran where officials have also signaled interest in such an initiative. Iran and Russia Talk...

Russian Finance Ministry Makes Fresh Bid to Tax Crypto Miners


The Russian finance ministry has launched a fresh attempt to tax crypto miners – in a bid to surmount obstacles thrown up by the nation’s Central Bank and law enforcement agencies.... Read More: Russian Finance Ministry Makes Fresh Bid to Tax Crypto Miners

Binance Processed $346 Million for Crypto Exchange Bitzlato, Report Claims


Cryptocurrency exchange Binance has reportedly processed nearly $346 million in crypto transactions for Bitzlato, the coin trading platform that was shut down in an international law enforcement operation. U.S. authorities say the world’s largest trading platform for digital assets was among...

Ukraine’s Financial Watchdog Reports Blocking Russian Crypto Exchanges


The financial monitoring agency of Ukraine has restricted access to a number of online crypto exchangers operating out of Russia. Some of the coin trading platforms are working with sanctioned Russian banks, the regulatory body announced in a report. Ukrainian Financial Authorities Target Russian...

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