The Russian government is considering legalizing stablecoin payments while banning the use of cryptocurrencies for the same purpose. The fiat-pegged coins are …
Russia
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Regulation
Russia readies exchange restrictions, trader tests and transactions tracking in new crypto bill
by shayaanby shayaanFinancial regulators in Russia have prepared a bill designed to regulate the country’s cryptocurrency market in the coming months. The legislation introduces …
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Regulation
US senator probes Binance over alleged Iran and Russia sanctions violations
by shayaanby shayaanRichard Blumenthal, the senior Democratic senator from Connecticut, is investigating Binance, the largest crypto exchange by trading volume, over allegations that it …
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Scams
Australian Executive Accused of Selling Cyber Secrets to Russia for Crypto
by shayaanby shayaanIn brief Peter Williams admitted to two counts of theft of trade secrets in Washington. Prosecutors say he received about $1.26 million …
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Mining
Over 5,500 crypto miners come out of the shadow economy as Russia legalizes sector
by shayaanby shayaanRussia’s tax authority has disclosed the number of cryptocurrency miners regularly reporting the digital coins they are producing to the government. The …
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Regulation
Russia drafts penalties for illegal crypto use amid calls to fast-track legalization
by shayaanby shayaanRussia’s monetary authority is behind a new proposal to punish those conducting unregulated operations with cryptocurrencies in the country. The news coincides …
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According to local reports, Russia’s central bank is re-examining its long-standing opposition to stablecoins. First Deputy Chairman Vladimir Chistyukhin said the Bank …
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Scams
Russia Moves to Block WhatsApp, Pushes 100M Users to State-Controlled ‘Surveillance App’
by shayaanby shayaanIn brief WhatsApp said Russia attempted a full block of its service on Thursday, calling the move an effort to funnel over …
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Regulation
Russia passes law recognizing cryptocurrency as property in criminal cases
by shayaanby shayaanMembers of the Russian parliament have passed provisions allowing the state to treat cryptocurrency as property as part of criminal proceedings. The …
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Regulation
Blanket crypto ban targets Russia rails but one chokepoint decides whether flows die or just relocate offshore
by shayaanby shayaanThe European Commission’s 20th sanctions package proposes a comprehensive ban on all cryptocurrency transactions involving Russia, an escalation from targeting specific bad …