The digital frontier of finance just got a lot more complicated for some. In a significant move that underscores the growing intersection …
Russian
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In brief Russian weapons manufacturer Rostec will launch its own stablecoin. The RUBx token will run on the Tron network, according to …
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Russian companies are offering investment insurance policies tied to the value of Bitcoin, the leading cryptocurrency by market capitalization. The new products …
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Two major Russian insurance firms, Renaissance Life and BCS Life Insurance, have launched investment life insurance policies (ILIPs) linked to Bitcoin, according …
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Regulation
U.S. Treasury Sanctions Russian Crypto Wallet Linked to Ransomware Operations
by shayaanby shayaanThe U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has just added the bulletproof hosting (BPH) services provider Aeza Group to …
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In brief Russia’s Aeza Group has been designated for supporting global cybercriminal activity. OFAC also sanctioned executives and affiliated entities in Russia …
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Scams
Russian Mother and Self-Styled ‘Crypto Expert’ Jailed Over $23M Bitcoin Scam
by shayaanby shayaanIn brief Self-styled Russian crypto expert “Bitmama” has been sentenced to seven years in prison for a $23 million Bitcoin fraud disguised …
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Finance
Russian crypto transactions in foreign trade exceed $12 billion this year
by shayaanby shayaanCrypto payments between Russia and its partners in trade this year are approaching 1 trillion rubles in fiat equivalent, revealed a high-ranking …
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Illegal Truck-Based Mine: Russian authorities found a KamAZ truck with 95 mining rigs stealing village power in Buryatia. Seasonal Mining Ban: Crypto …
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Analysis
Russian giant Sberbank launches Bitcoin bonds to expand Russian exposure to crypto
by shayaanby shayaanSberbank, Russia’s largest lender, has introduced a new structured bond product offering exposure to Bitcoin (BTC), marking a significant step in integrating …