Altcoins
Surge in Russian Crypto Mining Registrations
The number of registered crypto mining firms in Russia has surged dramatically as new regulations take effect, indicating a significant shift in the industry.
Adoption
Sberbank of Russia Aims to Manage Your Cryptocurrency Like a Traditional Bank Account
Sberbank, Russia's largest state-owned bank, is seeking approval to offer custody services for digital assets, including cryptocurrencies, amid a shifting regulatory landscape.
Finance
Russia Establishes a Registry for Crypto Mining Equipment to Strengthen Oversight
A new registry by Russia's Ministry of Energy aims to regulate the cryptocurrency mining industry and enforce compliance with tax and energy consumption rules.
Crypto
Rostec, Russia's State-Owned Giant, to Launch Ruble-Backed Stablecoin and Payment Platform on Tron
Rostec is set to introduce RUBx, a stablecoin pegged to the Russian ruble, alongside RT-Pay, a new payment platform.
Crypto
Sberbank Unveils Bitcoin-Linked Structured Bonds in Russia
Sberbank has launched structured bonds that provide exposure to Bitcoin's price and the dollar-ruble exchange rate.
Finance
Russia's Central Bank to Allow Financial Institutions to Provide Crypto-Linked Instruments
The Bank of Russia has announced that it will permit financial institutions to offer crypto-linked financial products to qualified investors.
Crypto
Russian Law Enforcement Apprehends Suspect in Cryptocurrency Fraud Case Worth $3.2 Million
A suspect has been arrested in Russia for a crypto mining fraud scheme that defrauded victims of 270 million rubles.
Crypto
Bank of Russia Approves Crypto Investments for Select Investors
The new policy allows qualified investors in Russia to engage with cryptocurrency through financial instruments linked to crypto prices.
Business
Former Binance Russia Leader Arrested Amid Fraud Investigation
Vladimir Smerkis, the ex-head of Binance's operations in Russia, faces allegations related to a major fraudulent scheme.
Finance
Russia Introduces Crypto Trading for Qualified Investors
Russia's finance ministry will launch a crypto exchange aimed at highly-qualified investors, according to Finance Minister Anton Siluanov.
Adoption
Russia's Exploration of a National Stablecoin Amid Rising Adoption
The rising trend of stablecoins is set to hit a $2 trillion valuation by 2028 as Russia considers its own stablecoin amid financial sanctions.
Crypto
Russia Considers National Stablecoin Following US Action on Garantex Wallets
A senior Russian finance official calls for a state-backed stablecoin as the US enforces actions against Garantex, raising concerns over reliance on foreign assets.
Altcoins
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.
Crypto
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.
Crypto
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.
Altcoins
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.
Blockchain
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.
Crypto
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.
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