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USDT records new all-time high against Russian ruble as inflation hits
28.2.2022
As an immediate countermeasure against the rising inflation of its fiat currency, the Russian central bank doubled key interest rates on Feb. 28, from 9.5% to 20%
Central Bank of Russia Braces for Turmoil With Nonresident Trading Ban
28.2.2022
Brokers will not be able to execute trades on Russian equities for non-residents as central bank prepares for a tumultuous market opening
Ukraine accepts Bitcoin, Ethereum, USDT donations to fund ongoing war
27.2.2022
The Ukrainian government has reached out to the crypto community on Twitter to raise funds to support its civilians and troops
Russia to seize retail deposits if sanctions go too far, official warns
24.2.2022
Russia’s largest bank, Sberbank, has denied its own supposedly false statement on being included in the U.S. sanctions list on Thursday
Russia’s Finance Ministry Submits Bill to Legalize Crypto Investments, Ban Payments
22.2.2022
Russian Ministry of Finance has prepared and submitted a new bill to expand crypto regulations to the government. The law “On Digital Currency” aims to introduce rules for investment in cryptocurrencies while at the same time cementing a ban on their use in payments. Draft...
Russia’s Finance Ministry introduces digital currency bill, brushes off Central Bank’s objections
21.2.2022
As the public standoff between the two agencies approaches fever pitch, the Ministry of Finance makes a formal move
Clarity pushed back: Russian government fails to forge a consolidated stance on crypto regulation
19.2.2022
Another tentative deadline for the Finance Ministry and central bank to reach a compromise passes as an expected bill does not arrive
Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own Bills
19.2.2022
The Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at regulating cryptocurrencies. The drafts will be presented for public discussions expected to continue until March 18. Media reports have revealed that Bank of Russia has been working on alternative...
Russian finance ministry opens public comment period for the crypto bill
18.2.2022
The Ministry of Finance is seeking industry and public input on how to regulate digital assets by March 18
Bank of Russia Reports First Successful Digital Ruble Transfers Between Users
16.2.2022
Testing of the digital ruble has started in Russia with the country’s central bank announcing the first complete transactions between individual wallets. The monetary authority, a staunch opponent of cryptocurrencies, says its digital currency will create new opportunities for citizens...
Banning Bitcoin in Russia is 'same as banning the internet,' minister says
16.2.2022
Bank of Russia governor Elvira Nabiullina previously argued that banning Bitcoin in Russia was “quite doable."
Digital ruble trial goes live as Bank of Russia insists on Bitcoin ban
15.2.2022
The Bank of Russia reports on the first digital ruble tests as planned but continues to fight against Bitcoin adoption
Russian gov't and central bank agree to treat Bitcoin as currency
9.2.2022
Cryptocurrency transactions of more than 600,000 rubles (roughly $8,000) will have to be declared or be considered a criminal act
Simple math says Russia could collect up to $13B in crypto tax each year
8.2.2022
The analytic note mentioned that the estimates are purely an overview and based on a basic tax slab of 6%, which would be quite different once regulations are set in place
Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report
4.2.2022
Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply...
Russian central bank registers nation’s first digital asset manager
3.2.2022
In late 2021, Bank of Russia deputy governor claimed the bank would allow crypto investment only via foreign firms
Russians Own $215 Billion in Crypto Suggests Estimate Attributed to Government
2.2.2022
Russians may own more cryptocurrency than previously thought, a new estimate reportedly used by the government has indicated. The quoted figure amounts to over a tenth of the global holdings and may serve as an impetus for the government to regulate Russia’s crypto market rather than outlaw...
Russia houses $200B worth of crypto, Kremlin estimates
1.2.2022
According to data from TASS news services, Russians owned nearly 5 trillion rubles worth of cryptocurrencies by December 2021
Law Decoded: Russia flounders, America competes, IMF keeps fuming, Jan. 24–31
31.1.2022
Uncertainty about crypto regulation can engender internal disagreement even within seemingly monolithic governments
Crypto Ban in Russia Can Have Opposite Effect, Medvedev Warns as Opposition Mounts Against Proposal
30.1.2022
Dmitry Medvedev, former president and prime minister of Russia, has voiced his concerns over Bank of Russia’s initiative to ban most crypto operations. Prohibition could bring the opposite result, the Russian politician warned, joining a chorus of opinions against the restrictive policy....