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Crypto Exchange Currency.com Attacked After Halting Services in Russia
20.4.2022
Currency.com, a Belarus-based online crypto trading platform, said it became a target of a failed cyber-attack on the day the exchange announced it was halting services for residents of Russia.
The exchange confirmed the attack in a press release, detailing that it was a distributed “denial...
Ukrainian crypto and blockchain firms survive despite ongoing conflict
20.4.2022
Executives at nonfungible token service provider Finch are planning to open an office in Miami, while many employees of blockchain firm NEAR have gathered in Lisbon
Russian tax authority proposes using crypto as a foreign trade payment tool
20.4.2022
The Ministry of Finance “partially supported” the proposition, adding that it needs further consideration
Russian Bankers Suggest Criminalizing Crypto Storage in Non-Custodial Wallets
20.4.2022
Keeping cryptocurrencies in non-custodial wallets may be criminalized in Russia, if authorities accept a proposal from the trade association representing Russian banks. While financial regulators think the idea deserves attention, lawmakers and experts doubt it’s possible to implement such...
Russia to include crypto into its tax code: Here is what the rules might look like
20.4.2022
Amendments to the tax code have passed the first round of parliamentary consideration in February
Financial Stability Board, IMF Warn of ‘Cryptoization’ Risks in Wake of Russia-Ukraine War
20.4.2022
The Basel-based Financial Stability Board (FSB) has echoed sentiments expressed by the International Monetary Fund (IMF), with both bodies warning that in the wake of the war in Ukraine, an “acceleration of cryptoization in emerging markets” could be on the cards....
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Republic of Ireland to Prohibit Political Cryptocurrency Donations
20.4.2022
The government of Ireland is preparing to ban political parties from accepting campaign donations in cryptocurrency. The move aims to block the perceived threat of Russian interference in the European nation’s elections against the backdrop of a clash between the West and Moscow over the...
Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing
19.4.2022
The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being ready to participate yet. Bank of Russia...
Crypto Exchange EXMO Exits Russia, Sells User Base There to Unnamed Buyer
18.4.2022
EXMO is also giving up its clients in Belarus and Kazahkstan following Russia's invasion of Ukraine
Global Economy Outlook Cut Again, Another Crypto Exchange Leaves Russia & Belarus + More News
18.4.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Global Economy Outlook Cut Again, Another Crypto Exchange Leaves Russia & Belarus + More News
No Truth in Reports that Russia’s Finance Ministry Wants Crypto to Become ‘Legal Tender’
18.4.2022
Reports stating that the Russian Ministry of Finance now “recommends using cryptocurrencies as legal tender” appear to be very wide of the mark.
A number of crypto-related media outlets have made the claim that the ministry has pushed for a move that would put tokens on the same footing as...
Crypto firm Exmo exits Russia and Belarus by selling part of its business
18.4.2022
Russia-linked crypto exchange Exmo will no longer provide services to users from Russia, Belarus and Kazakhstan
Github suspends accounts of Russian developers linked to sanctioned firms
18.4.2022
Despite its promise to cater to the needs of individual developers, the latest wave of sanctions has forced the open-source platform to even block former employees of sanctioned firms
Russian bankers reportedly want to outlaw noncustodial crypto wallets
18.4.2022
The Association of Banks of Russia has previously collaborated with Binance as part of its expert center focused on crypto regulation
Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
18.4.2022
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict...
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
17.4.2022
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market for digital assets. Russian...
Alleged Hydra Administrator Dmitry Pavlov Reportedly Arrested In Russia
16.4.2022
A district court in Moscow has arrested a man whom local media reports identify as Dmitry Pavlov, alleged administrator of the recently shut down darknet market Hydra. Russian authorities believe he has been involved in drug-related crime punishable by up to 20 years in prison. Moscow Court Arrests...
Crypto Twitter reacts as Russian gov’t reviews finalized crypto bill
16.4.2022
Russia’s finance ministry shared the amended and finalized crypto bill with the government, which recommends using cryptocurrencies as legal tender
Russian Chamber of Commerce Suggests Using Cryptocurrencies in Settlements With Africa
14.4.2022
Employing crypto in cross-border payments is one of the proposals put forward by the Russian Chamber Of Commerce lobbying for more cooperation with African countries. Amid unprecedented sanctions limiting Russia’s ability to trade internationally, the head of the board has urged...
Russia should use crypto for payments with Africa, commerce exec says
14.4.2022
Russia should deploy cryptocurrencies and CBDCs for settlement and payments with Africa, the president of the Chamber of Commerce and Industry believes