Russia’s Finance Ministry is evaluating the creation of domestic stablecoins pegged to foreign currencies after access to Tether’s USDT was restricted for …
Russian
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Finance
Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future
by shayaanby shayaanRussian Finance Minister Anton Siluanov specified that digital financial assets were among the options that BRICS was considering for securing independence from …
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Regulation
Russian National Set To Forfeit Nearly $23,000,000 After Agreeing To Plead Guilty to Crypto Market Manipulation
by shayaanby shayaanA Russian national who was charged for his role in a crypto market manipulation scheme will give up his access to millions …
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Finance
Survey reveals 30% of Russian banks reluctant to support CBDC adoption: report
by shayaanby shayaanThe digital ruble’s rollout is facing challenges, with 30% of Russian banks unprepared due to outdated infrastructure and reluctance to comply with …
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Adoption
Russian oil firms use Bitcoin, Ethereum, USDT for cross-border payments with China and India
by shayaanby shayaanRussia has started using crypto for oil trades with China and India as it seeks to bypass Western sanctions, Reuters reported on …
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Regulation
Russian central bank proposes 3-year crypto trial for select investors
by shayaanby shayaanThe Bank of Russia has proposed a three-year experimental legal framework that would allow a limited group of investors to trade cryptocurrencies, …
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Markets
Sanctioned Russian Crypto Exchange Garantex Seized, Operators Charged With Money Laundering
by shayaanby shayaanGarantex, a Russian crypto exchange popular with ransomware gangs and darknet markets, has been taken down in an international law enforcement operation, …
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Regulation
EU sanctions Russian crypto exchange Garantex over Ukraine conflict ties
by shayaanby shayaanThe European Union has taken action against Garantex, a Russia-based crypto exchange, as part of its 16th sanctions package targeting entities linked …
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The bitcoin mining ban imposed by Russian authorities has helped reduce the load on the Siberian power grid, thereby avoiding potential power …
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Mining
Russian Power Company Reports $14 Million Loss Due to Illegal Crypto Mining
by shayaanby shayaanRussian power company Rosseti suffered over $14 million in losses in 2024 due to illegal crypto-mining operations, which have led to network …