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Trade Minister Expects Russia to Legalize Cryptocurrency
19.5.2022
Cryptocurrencies will be eventually legalized, a member of the Russian government has opined. The question is when this will happen, Trade Minister Denis Manturov stated as new crypto-related legislation advanced in the State Duma this week. Crypto Legalization Is Current Trend, Russian Minister...
Russia will inevitably legalize crypto payments says trade minister
19.5.2022
“The question is when this will happen, how it will happen and how it will be regulated. Now both the Central Bank and the government are actively engaged in this,” said trade minister Denis Manturov
Russia’s First Digital Financial Assets Expected This Year, Lawmaker Says
18.5.2022
The first digital financial assets based on Russian blockchains may be issued as early as this year, a high-ranking parliamentarian announced. Three platforms are already registered as issuers, said Anatoly Aksakov, who chairs the Financial Market Committee at the State Duma, the lower house...
Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown
15.5.2022
Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground coin minting, carry out regular raids against such facilities....
Top Video Game Artists Adopt NFTs to Help Ukraine, Collection to Release on Official MetaHistory Museum
15.5.2022
Since the outbroke of the Russian-Ukrainian war, many celebrities, social activities, and visual artists joined the league of supporting Ukraine by cryptocurrency and NFT artworks. And the trend just doesn’t stop. Now, a group of top-notch artists bring the support and devotion to...
Russian Crypto Mining Giant Bitriver Considers Challenging US Sanctions
12.5.2022
Russia’s Bitriver, one of the largest operators of crypto mining data centers, may take legal action against the U.S. over the decision to place it under sanctions. The company insists it does not help the Russian government to circumvent international restrictions. Bitriver Rejects...
Independent Russian News Site Meduza Raises Over $200,000 in Crypto
11.5.2022
Pressure from the Kremlin and sanctions from the West have forced Russian news outlet Meduza to increasingly rely on cryptocurrency donations to fund its independent journalism. As the restrictions imposed over Moscow’s invasion of Ukraine have prevented its Russian readers from contributing...
5 US States Issue Emergency Orders to Shut Down Metaverse Casino With Alleged Russian Ties
11.5.2022
Regulators in five U.S. states issued emergency orders on Wednesday requiring a metaverse casino with alleged Russian ties to immediately halt the sale of its non-fungible tokens (NFTs), citing fraud, deceit and registration violations
Putin Obliges Election Candidates to Report Crypto Holdings Outside Russia
11.5.2022
President Vladimir Putin has approved amendments to his own decree requiring Russian citizens running for office to declare their property abroad. The updated regulation lists cryptocurrencies among the assets that candidates should report to the state. President Putin Requires Russian Officials...
Indie Russian news firm raises $250K in crypto after sanctions cripple finances
11.5.2022
Russian independent media Meduza has managed to raise $250,000 in funding in order to continue providing unbiased news on the war in Ukraine
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...
Majority of Russia’s Financial Pyramids in Q1 Linked to Crypto, Scammers Exploit Sanctions Topic
8.5.2022
Many of the financial pyramids identified in Russia during the first quarter of the year have been associated with cryptocurrencies, a top central bank official has revealed. Fraudsters are actively exploiting the hot topics of the day, including the sanctions theme. Pyramids Offer Russian...
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...
Russian Bitcoin Trading Remains Down on Binance
6.5.2022
Trading volume in the market for bitcoin (BTC) against Russian rubles (RUB) remains down on Binance after the exchange limited the activity of some Russian users last month.
As of Thursday this week, the 24-hour trading volume in the BTC/RUB pair on Binance stood at BTC 144, up slightly from...
Missiles And Massacres: Ukrainian Game Developers Persist Amid The Russian Invasion
5.5.2022
When you hear the air alerts in the capital city of Ukraine, game developer Oleksandr Sienin told Kotaku, you make a judgment call. Maybe you wait in a safe place for the suggested 30 to 60 minutes minutes after the alerts go off, because you know that they denote missiles that could potentially...
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...
Anonymous Hackers Claim to Have Breached Russian Payment Service Provider Qiwi
4.5.2022
A hacking group linked to the Anonymous collective has allegedly hit the popular Russian payment processor Qiwi. Network Battalion 65 announced on social media it had managed to gain access to the platform’s databases — a claim the company has denied. Anonymous Affiliate Hacks Russian...
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...
Ukrainian Soccer Club Shakhtar to Raise Humanitarian Funds Through NFT Sale
2.5.2022
Shakhtar Donetsk, a leading soccer team in Ukraine, will sell a collection of non-fungible tokens (NFTs). The club intends to auction several signed jerseys to raise funds for Ukrainian citizens affected by the ongoing war with Russia. FC Shakhtar Donetsk to Auction Digital Collectibles With Help...