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Russian Crypto Exchange Unable to Process Withdrawals; Angry Users Try to Storm Offices
1.5.2024
Approximately 50 users of Beribit, a Russian cryptocurrency exchange, recently tried to storm the company’s Moscow offices to demand their digital assets. Beribit’s management has attributed the delay in processing withdrawal requests to an audit initiated following the discovery of discrepancies...
Russia to Enact a Ban on Domestic Operations Of Cryptocurrency Exchanges
30.4.2024
Russia is preparing to enact a ban on the organization of cryptocurrency exchanges in the country via the approval of a bill that regulates mining activities. According to statements made by Russian Duma Financial Market Chairman Anatoly Aksakov, digital financial assets like the digital ruble will...
Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability
30.4.2024
The Bank of Russia has dismissed the effect that a future confiscation of Russian assets in the U.S. might have on the nation’s economic stability. Elvira Nabiullina, governor of the bank, stated that Russia has been diversifying its asset portfolio for many years and that the assets to...
New Russian Law Will Legalize Industrial Crypto Miners, Limit Private Mining
30.4.2024
Russian lawmakers are set to legalize the nation’s industrial crypto mining sector, but could impose limits on home-based “private” miners.
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Russian ‘Crypto Ban’ Could Come into Force by September, Lawmakers Confirm
29.4.2024
A Russian “crypto ban’ could roll out as early as September 1, top lawmakers in the country have confirmed.
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Bank of Russia and Rosfinmonitoring Reveal Fiat-to-Crypto Tracking System Pilot
27.4.2024
The Bank of Russia and Rosfinmonitoring revealed the existence of a ‘know your crypto customer’ system pilot, that aims to link the fiat operations of crypto users with their blockchain actions. The pilot, which has been ongoing since 2023, involves five banks in Russia and is expected...
Russia Warns US of Further Aggravation After Funding Bill Passes Amid Heightened Geopolitical Strife
22.4.2024
Amid ongoing global tensions, the price of gold remains robust at $2,391 per troy ounce, while bitcoin continues to trade at a 12% deficit from its peak value. Recently, the U.S. House of Representatives approved a series of funding bills for Ukraine, Israel, and Taiwan. Following the bill’s...
Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments
19.4.2024
Chairman of the Russian State Duma Committee on the Financial Market Anatoly Aksakov stated that digital financial assets, issued by institutions regulated by the central bank, could replace fiat channels for international settlements. Aksakov also acknowledged that while not being controlled...
Russian Ministry Officials ‘Took BTC, ETH Bribes from Crypto Exchange Exec’
19.4.2024
Russian Ministry of Internal Affairs officials took a $53.2 million bribe from a crypto exchange executive, a major newspaper in the country claimed this week.
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Bank of Russia Supports Cryptocurrency Usage for International Settlements
16.4.2024
The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style experimental regime. In contrast...
Digital Ruble Rollout Will Cost Russian Banks $536m a Year – Experts
15.4.2024
Digital ruble rollout plans could cost the Russian banking sector a total of $536 million per year, financial analysts have claimed.
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Illegal Crypto Mining: Russian Police Seize More than 3,200 Rigs in Siberia Raids
12.4.2024
Russian police have seized over 3,200 crypto mining rigs in raids on four large “illegal” data centers in Siberia.
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Russian Government Crypto Chief: Mining Regulation Is Our Priority
9.4.2024
The Russian government crypto working group chairman believes Bitcoin (BTC) mining regulation is now a priority for Moscow.
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Russian Fintech Startups Join Digital Ruble Pilot
8.4.2024
Russian fintech firms have begun joining the country’s rapidly progressing digital ruble pilot as the Central Bank looks to widen the scope of its CBDC project.
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Vladimir Putin Pushes Russia To Make Consoles To Compete With PlayStation And Xbox
4.4.2024
If you thought the current landscape of video game consoles and handhelds was already packed, the entirety of Russia has something to say about that. At the very least, Russia’s president Vladimir Putin does, since he’s issued a mandate: produce Russian video game consoles to compete with the...
Russian Crypto Exchange Transactions Worth $52B Last Year – Central Bank
3.4.2024
Russian crypto exchange transactions amounted to almost $52 billion in 2023, the nation’s Central Bank has revealed.
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Bank of Russia: Russians Transacted $51 Billion in Crypto During 2023
2.4.2024
The Bank of Russia noted that Russian nationals transacted $51 billion (4.78 trillion rubles) in crypto during 2023. According to an annual report issued by the bank, its investigations found that volume flows equivalent to the number, especially in bitcoin and ether, were attributed to Russian...
Tinkoff Bank Wins ‘Digital Assets’ Operating Permit in Russia
1.4.2024
Tinkoff Bank, one of Russia’s biggest banking players, has won a license to issue and sell “digital financial assets” (DFAs) in the country.
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UK, US Probe $20B in USDT Transfers by Sanctioned Russian Crypto Exchange
29.3.2024
The U.K. and the U.S. are reviewing tether transactions, valued at $20 billion, processed by the sanctioned cryptocurrency exchange Garantex. Digital currency transactions and crude oil sales are believed to be a significant source of foreign currency for Russia. Russia Sanctions Busting The U.K....
Russian Government, Central Bank ‘Come to Consensus on Crypto’
28.3.2024
Russian government bodies, the nation’s anti-money laundering agency, and the Central Bank have reportedly “come to a consensus” on crypto policy.
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