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Draft Law About NFTs Submitted to Russian Parliament
21.5.2022
Lawmakers have filed a bill with the State Duma aimed at introducing the term NFTs to Russian legislation. The authors of the draft say the rights of those who own non-fungible tokens need to be protected as Russians are currently dealing with NFTs at their own risk. Russian Deputies Propose...
Russians Based Abroad Say They Can’t Withdraw Funds from Binance
16.5.2022
Russian users – even some not located in the aggressor state of Russia – are complaining that they are having problems using the crypto exchange Binance.
The Telegram-based Russian financial news channel Banksta reported that the Binance exchange had “decided to punish Russians, regardless...
Coinbase Warns Some Russian Users Their Accounts May Be Blocked, Report Reveals
9.5.2022
Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions. Coinbase...
Moody’s: Cryptocurrencies Unlikely to Help Russia Evade Sanctions
7.5.2022
Russia’s ability to employ cryptocurrencies to circumvent international sanctions is restricted by the limited size of the crypto market, according to Moody’s. Despite increased use in small transactions, low liquidity is another factor preventing Russians from exploiting the utility...
Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners
7.5.2022
The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a bill tailored to regulate cryptocurrency mining to the Russian parliament. Russian Miners Using...
Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions
5.5.2022
Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. Visa and Stripe Halt...
Crypto Industry Lobbies Against Bills Targeting Russian Oligarchs Evading Sanctions Using Cryptocurrency
3.5.2022
The crypto industry is lobbying U.S. lawmakers against two bills aimed at preventing Russian oligarchs from using cryptocurrency to avoid sanctions. The U.S. and many other countries placed sanctions on them after Russia began its invasion of Ukraine. Bills Preventing Wealthy Russians From Using...
Binance Limits Services to Russian Users to Comply With EU Sanctions
22.4.2022
Following the latest round of EU restrictions against Russia, digital asset exchange Binance is limiting services to Russian clients. The company pledged to lead the industry in implementing the sanctions and urged all major trading platforms to follow. Crypto Exchange Binance Cuts Services...
Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
18.4.2022
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict...
Crypto Exchange With Belarusian Roots Halts Operations for Russian Users
14.4.2022
Currency.com, a crypto exchange founded and initially licensed in Belarus, has suspended operations for Russian clients. The restrictive measure comes in response to Russia’s assault on Ukraine, the platform said, noting that customers in other jurisdictions will not be affected....
Belarus-born crypto platform halts operations for Russians in response to invasion of Ukraine
12.4.2022
“In these circumstances we can no longer continue to serve our clients from Russia,” said Vitalii Kedyk, CEO of Currency.com’s Ukraine arm
Russians’ EU Crypto Investments Capped at 10K Euros
8.4.2022
Measures set out by the EU Friday aim to stop oligarchs circumventing financial sanctions that target conventional bank accounts
Russians collectively hold $130B in crypto, prime minister says
8.4.2022
Russians reportedly hold about $130 billion in cryptocurrency but the government is yet to adopt crypto legislation
As More Russians Support Massacre in Ukraine, Here's How Some Big Crypto Companies Respond
6.4.2022
Many crypto companies are taking steps to support Ukrainian users on their platforms, but few are willing to go beyond official sanctions and ban users from Russia altogether despite shocking massacres in Ukraine and the fact that more Russians are supporting this war.
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Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says
2.4.2022
With sanctions cutting off Russia from global finances, Moscow’s motivation to establish a domestic market infrastructure for digital assets grows, a top official at the Russian finance ministry has noted. The comment comes as Russians are losing access to foreign crypto platforms. Russia...
Japan Considers Stricter Crypto Regulations in Light of Russia Sanctions
1.4.2022
Authorities in Japan are planning to introduce tougher new rules for crypto operators as part of efforts to prevent Russia from using cryptocurrencies to evade sanctions. The legislative initiative comes after Tokyo asked digital asset exchanges to strengthen transactions monitoring this month....
Developers Fighting & Fleeing Russians Somehow Releasing Switch Game Next Month
29.3.2022
Sherlock Holmes: The Devil’s Daughter is a game that has been out for six years now on PC, and has also been ported to the PS4 and Xbox One. Next month it’ll be hitting the Nintendo Switch, which might not sound like big deal, except for the fact it’s a port that’s practically a miracle effort...
ECB Chief: Cryptocurrencies Are ‘Certainly’ Being Used to Circumvent Russian Sanctions
23.3.2022
The European Central Bank (ECB) warns cryptocurrencies are being used to evade sanctions by Russians. ECB President Christine Lagarde warns crypto firms against becoming “accomplices” in the crime. ECB President Lagarde Is Certain About Crypto Being Used to Evade Russian Sanctions...
Young Russians View Crypto as Safe Investment Amid Economic Uncertainty, Poll Finds
18.3.2022
As western sanctions increase the pressure on their country’s economy, many young Russians consider cryptocurrency to be a “reliable and profitable” investment option. According to a recent study, the share of Russian citizens who know about bitcoin has reached two thirds...
Japanese Crypto Exchanges Told to Block Sanctioned Russians’ Crypto Transactions
14.3.2022
Japan’s top financial regulator, the Financial Services Agency (FSA), and the Ministry of Finance have told domestic crypto exchanges to suspend all transactions with Russians and Belarusians who have been hit with international sanctions.
Per Nikkei and Reuters, Tokyo is moving “in line with...