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Nearly 3 Million Have Enrolled in the Russian Unified Biometric System


About 3 million citizens have registered their personal data on the Russian Unified Biometric System. Authorities state that the population is warming to the use of these technologies, as 80% of registrations occurred last year. Russian Unified Biometric System Gets Closer to 3 Million Users...

Russian Grid Operator Rosseti Eyes Crypto Mining to Power Up Underused Plants


Rosseti, Russia’s electric grid operator, is exploring crypto mining to utilize electricity from power plants with low consumption. This could involve building mining centers and potentially coordinating their placement nationwide. Boosting Rosseti’s Revenues The Russian electric grid...

Russian State Duma Profiles Digital Ruble as a Sanctions-Sidestepping Tool


The Russian State Duma is considering using the digital ruble to maintain transparency in public spending and to sidestep sanctions. Deputy Chairman of the State Duma Committee on Economic Policy Artem Kiryanov highlighted the importance of these use cases for Russia’s future. Russian State...

Russia and Indonesia Actively Discuss Mechanisms to Ditch US Dollar


Russia and Indonesia are moving toward ruble-rupiah trade settlements as sanctions and Russia’s SWIFT exclusion drive efforts to establish sustainable, dollar-free financial systems. Indonesia-Russia Trade Sees Shift to Ruble and Rupiah Settlements The global trend of reducing dependence on...

Russia to Launch Unified Facial Payment System


Russia will have a unified facial payment system by the second half of 2025, aiming to onboard millions as non-card payment systems gain preference. Sber and NSPK, which operates the Mir card payment system, will join forces to establish standards and achieve interoperability. Sber and NPSK Join...

Russian National Jailed for Funding Ukrainian Forces With Crypto


A Russian national was sentenced to seven years in prison for high treason involving cryptocurrency. The individual repeatedly transferred funds to a unit of the Ukrainian Armed Forces using crypto. Russian National Sentenced to 7 Years in Jail for Using Crypto to Fund Ukrainian Forces One of...

Russia Tightens Digital Asset Rules With Stricter Trade Oversight Standards


Russia’s central bank now mandates the registration of foreign exchange trade contracts involving digital rights, aiming to enhance oversight, integrate cryptocurrencies, and ensure financial stability. Bank of Russia Tightens Grip on Crypto Deals and Digital Tokens Russia’s central bank,...

DOJ Indicts 3 Russians for Operating Crypto Mixers Linked to Cybercrime


Russian nationals face charges for allegedly using cryptocurrency mixers to launder proceeds from ransomware, wire fraud, and theft, obscuring illicit funds’ origins, the DOJ says. Russian Nationals Face DOJ Charges for Laundering Cryptocurrency Theft Proceeds The U.S. Department of Justice...

Russia Begins Liquidating Seized Bitcoins From Bribery-Convicted Official


The Russian government has started selling part of the 1,032 bitcoins seized from former investigator Marat Tambiev, convicted of taking bribes. Russian Authorities Seize Real Estate Belonging to Bribery-Convicted Official The Russian government has reportedly begun selling a portion of over 1,032...

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