Search
Kremlin Reveals Plans to Create a “Politics-Free” BRICS Blockchain-Based Payments System
8.3.2024
Yury Ushakov, an aide of Russian president Vladimir Putin, revealed plans to create a digital blockchain payment system for the BRICS bloc. Ushakov remarked that the countries of the group would benefit from implementing such a system for the use of governments, common people, and businesses...
Bitcoin Will Tumble After Launch of Digital Ruble, Says Russian Economist
7.3.2024
Bitcoin will tumble following the rollout of the digital ruble and other major CBDCs, a Russian economist has claimed.
The post Bitcoin Will Tumble After Launch of Digital Ruble, Says Russian Economist appeared first on Cryptonews
BRICS to Develop Digital Currencies and Blockchain-Based Payment System
5.3.2024
BRICS nations announce plans to collaborate to launch an independent blockchain-based payment system, introducing their own digital currencies to streamline cost-effective transactions.
The post BRICS to Develop Digital Currencies and Blockchain-Based Payment System appeared first on Cryptonews
BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report
5.3.2024
The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital technologies, a report by Russian news agency TASS said
Russian Digital Ruble Pilot ‘on Track,’ Registers About 25K Transactions
5.3.2024
Elvira Nabiullina, Governor of the Bank of Russia, stated that the current pilot test of the Russian digital ruble was “on track,” with several operations being tested, including opening wallets, and interactions with smart contracts. Nabiullina revealed that over 25,000 transactions...
Russian Central Bank Chief Outlines Next Steps for Digital Ruble
5.3.2024
Russian Central Bank Governor Elvira Nabiullina says the country will use “several stages” to roll out its digital ruble.
The post Russian Central Bank Chief Outlines Next Steps for Digital Ruble appeared first on Cryptonews
Alfa-bank: Russian Financial Behemoth Launches Digital Asset Offerings
4.3.2024
Alfa-bank, one of Russia’s biggest financial institutions, has created a “digital financial asset” (DFA) backed by gold, stocks, and cash.
The post Alfa-bank: Russian Financial Behemoth Launches Digital Asset Offerings appeared first on Cryptonews
Russia’s FATF Rating Downgraded Over Crypto Regulation Shortfalls
1.3.2024
The Financial Action Task Force (FATF) has lowered Russia’s rating owing to insufficient oversight of cryptocurrencies, as indicated by regional coverage. According to RBC, this downgrade highlights escalating worries about the country’s capacity to oversee and mitigate dubious...
Russia FATF Rating Downgraded Due to ‘Insufficient Crypto Regulation’
1.3.2024
The Financial Action Task Force (FATF) has downgraded Russia’s compliance rating due to its “insufficient regulation of virtual assets and cryptocurrencies.”
The post Russia FATF Rating Downgraded Due to ‘Insufficient Crypto Regulation’ appeared first on Cryptonews
Bitcoin’s Market Value Overtakes Russia’s Ruble, Enters World’s Top 15 Currencies
29.2.2024
In wake of its recent surge north of $60,000, Bitcoin’s market value has overtaken that of Russia’s Ruble and cemented it as the top 15th most valuable currency worldwide. Will it crack the top 10?
The post Bitcoin’s Market Value Overtakes Russia’s Ruble, Enters World’s Top...
State Duma Approves Use of Russia’s Digital Assets in International Settlements
29.2.2024
State Duma lawmakers have signed off on a bill that will let Russian firms and their partners use the digital ruble and “digital assets” in international settlements.
The post State Duma Approves Use of Russia’s Digital Assets in International Settlements appeared first on Cryptonews
Russian Allies ‘Very Interested’ in Doing CBDC Business with Moscow – Key Lawmaker
28.2.2024
Russian allies are “interested” in using CBDCs like the digital ruble for cross-border settlements, a lawmaker said on February 26.
The post Russian Allies ‘Very Interested’ in Doing CBDC Business with Moscow – Key Lawmaker appeared first on Cryptonews
Russia Hints at Development of CBDC-Based BRICS Bridge Payments System
27.2.2024
Russia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to by Russian Finance Minister Anton Siluanov, would address the fragmentation of the current...
Russian Parliament Set to Approve Use of ‘Digital Assets’ in International Payments
26.2.2024
Russian parliament members could this week approve legislation that will allow firms in the nation to use “digital financial assets” in the international payments space.
The post Russian Parliament Set to Approve Use of ‘Digital Assets’ in International Payments appeared first on Cryptonews
‘Western Agencies Using Crypto to Fund Spies in Russia,’ Lawmaker Claims
22.2.2024
Spies and “agents” from Western countries are using crypto to fund their operations, a leading Russian lawmaker claimed.
The post ‘Western Agencies Using Crypto to Fund Spies in Russia,’ Lawmaker Claims appeared first on Cryptonews
BitRiver to Build New 100MW Crypto Mining Center in Russia
20.2.2024
BitRiver, Russia’s biggest industrial crypto mining firm, has announced it is building a new 100MW data center in Eastern Siberia.
The post BitRiver to Build New 100MW Crypto Mining Center in Russia appeared first on Cryptonews
Crypto in Russia: More People Using Tokens for Payments, Claims Academic
20.2.2024
More people are using crypto in Russia than ever before, a leading Moscow-based academic has claimed.
The post Crypto in Russia: More People Using Tokens for Payments, Claims Academic appeared first on Cryptonews
Bitcoin to Hit 90k Before End of 2024, Says Russian Crypto Industry Chief
15.2.2024
Bitcoin will hit the $90k mark before the end of 2024, the head of a Russian crypto industry body claimed this week. The comments came from the President of the Russian Association of Cryptocurrency and Blockchain (RACIB) Yuri Pripachkin, the Russian-language media outlet CoinSpot reported....
Bank of Russia Detected Over 5,700 Pyramid Schemes in 2023
13.2.2024
The Bank of Russia reported that the number of pyramid schemes and illegal lending providers in Russia rose to over 5,700 in 2023, an increase of 15.5% over the number detected in 2022. Specifically, the number of pyramid schemes detected increased by 46%, relying on the Internet and cryptocurrency...
Two Russian Crypto Mining Centers Shut Down, 400+ Rigs Taken Offline
13.2.2024
Russian crypto mining efforts suffered a setback last week, with police closing two large, illegal data centers. In total, officers said they took over 400 crypto mining rigs offline in raids in Siberia and the republic of Dagestan. Russian Crypto Mining Still in Regulatory ‘Grey Zone’...