Showing articles in Russia

Russia Considers Special Fund for Confiscated Cryptocurrencies

Russia is evaluating the establishment of a special fund for cryptocurrencies confiscated during criminal investigations.

Economy

Russia Embraces Cryptocurrency for Oil Trade to Circumvent Sanctions

Amidst Western sanctions, Russia is increasingly utilizing cryptocurrencies like Bitcoin and Ethereum for oil transactions with China and India.

Geopolitics

Russia and Iran Embrace Crypto to Avoid Sanctions in Oil Trading

Amidst growing Western sanctions, Russia and Iran are turning to cryptocurrencies like Bitcoin to sustain their oil trade, illustrating a significant shift in global economic practices.

Policy

Bank of Russia's Proposal for Limited Crypto Investment

The central bank aims to create guidelines for crypto services while opening new investment channels for high-net-worth individuals.

Finance

Ukraine's Ceasefire Agreement Boosts Financial Markets; Bitcoin Surpasses $83K

A recent ceasefire agreement between Ukraine and Russia has positively influenced financial markets, leading Bitcoin to reclaim the $83,000 mark.

News

Russian Secret Service's Takeover of Garantex: A Turning Point for Crypto?

The seizure of Garantex, a Russian cryptocurrency exchange, raises questions about the future of unregulated crypto platforms as authorities ramp up efforts against illegal trades.

Finance

Tether Blocks $28 Million USDT on Garantex Amid Sanctions

Tether has suspended $28 million USDT on the Russian exchange Garantex, which is under EU sanctions due to its ties with the Russian government.

Finance

Russia's Stance on Bitcoin Inclusion in Strategic Reserves Remains Unchanged

The Russian Finance Ministry is not including cryptocurrencies in its strategic reserves due to volatility concerns but may reconsider in the future.

Economy

BRICS 2025 Summit: Russia's CBDC Could Challenge the US Dollar

At the upcoming BRICS summit, Vladimir Putin warns that a new Central Bank Digital Currency (CBDC) could undermine the US dollar's dominance in global trade.

Policy

Russia Enacts Six-Year Moratorium on Cryptocurrency Mining Across Ten Regions

In response to energy consumption issues, Russia has introduced a six-year prohibition on cryptocurrency mining in ten selected regions, with potential adjustments based on energy demand.