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Russian Banks Begin Testing Digital Ruble Payments


Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer (C2C) payments and Bank of Russia plans to expand the types of operations in the future. Digital Ruble...

Bank of Russia to Monitor Banks’ Dealings With Crypto Exchangers


The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular interest as the regulator believes these carry risks of financial losses and fraud....

Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining


True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizens’...

Russian Central Bank Proposes Crypto Use and Mining Ban


  The central Bank of Russia today proposed banning the use and mining of cryptoaassets on the country's territory. The proposed ban encompasses crypto exchanges too.  The bank is citing threats to financial stability, economic security, and monetary policy sovereignty to justify this...

Crypto Anonymity Must End, States Top Russian Policymaker


  The Chairman of the State Duma (the Russian parliament)’s Committee on Financial Markets Anatoly Aksakov has insisted that crypto users in the country should be unmasked – and that crypto anonymity should become a thing of the past.... Read More: Crypto Anonymity Must End, States Top Russian...

Russia Busts Revil Ransomware Group on US Request, Arrests 14 Members


Russian law enforcement agencies have dismantled the notorious hacking group Revil, believed to be behind ransomware attacks in the U.S. involving cryptocurrency. Although Moscow is unlikely to hand over Russian citizens to Washington, the operation has been carried out on request from the United...

Russia’s Tinkoff Bank Enters Crypto Space Through Swiss Company Acquisition


The Russian neobank Tinkoff is joining the world of cryptocurrencies with the purchase of a stake in Aximetria, a Swiss-registered and licensed company which provides clients around the world with services and solutions for digital financial assets. Tinkoff Bank Buys Stake in Aximetria TCS Group...

Time to ‘Resolve All Crypto Issues’ Says Russian Parliament


  Russia’s parliament, the State Duma, has said that it wants to “resolve all legal issues with cryptocurrency” – by defining legal terms for cryptoassets, mining, and more. And the chief architect of crypto-related legislation in the country has noted that it is time for miners to start paying...

Power Outages in Russia’s Irkutsk Region Blamed on Home Miners


Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in Russia. Subsidized household energy has turned mining into a source...

Sberbank Launches First Blockchain ETF in Russia


Russian banking giant Sberbank has presented the country’s first exchange-traded fund (ETF) giving investors access to the blockchain space. The new instrument holds securities of companies dealing with cryptocurrencies and the technologies that underpin them. Sberbank Introduces...

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