Russia – Page 51 – DIGIT INFO

Crypto Exchanges Binance and Whitebit Offer Help for Ukrainian Refugees

The global crypto community has actively supported humanitarian efforts in Ukraine and two crypto exchanges are also looking to help Ukrainian refugees abroad. Binance, the largest coin trading platform, and the Ukrainian Whitebit have turned their attention to the Ukrainians who had to leave their country as a result of Russia’s invasion. Binance to Launch […]

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Russian Finance Ministry Amends Bill ‘On Digital Currency,’ Adds Crypto Mining Provisions

The Ministry of Finance of the Russian Federation has revised a draft law designed to regulate the country’s crypto space, introducing provisions for cryptocurrency mining. The bill has been resubmitted to the government and may be adopted during the parliament’s spring session. Updated Law ‘On Digital Currency’ Filed With Russian Government Russia’s Ministry of Finance […]

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Monero defies crypto market slump with 10% XMR price rally — what’s next?

XMR price cup-and-handle pattern fetches a bold $10,000 price prediction for 2023.

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EU Bans High-Value Crypto Services to Russia in New Round of Sanctions

European institutions are closing crypto loopholes for Russia with the latest package of penalties imposed by the EU over Moscow’s aggression against Ukraine. The new sanctions prohibit the provision of “high-value” crypto-asset services to Russian entities and residents. EU Limits Russian Crypto Wallet Deposits to €10,000 Expanding its sanctions in response to the Russian military […]

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‘I’ve never paid with crypto before’: How digital assets make a difference amid a war

For many Ukrainians and Russians, digital assets have become the means to support themselves and their loved ones during the crisis.

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Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels

Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to protect the nation’s currency as the Bank of Russia revealed a fixed price for gold and rubles. Furthermore, after pegging the fiat currency to gold, […]

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EU bans providing ‘high-value crypto-asset services’ to Russia

Prohibiting crypto services was one of three financial measures the European Commission proposed in addition to an import ban on Russian coal.

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Russians collectively hold $130B in crypto, prime minister says

Russians reportedly hold about $130 billion in cryptocurrency but the government is yet to adopt crypto legislation.

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Bank of Russia Rejects Idea of Using Cryptocurrency to Circumvent Sanctions

Bank of Russia Rejects Idea to Use Cryptocurrency to Circumvent Sanctions

The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary authority believes this is hardly an option as Western regulators are already taking steps to prevent such transactions. Employing Bitcoin to Evade Sanctions Not Possible, Central Bank of Russia Says […]

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Russia’s Sberbank Denies Involvement in Recently Launched ‘Sbercoin’

Sberbank, the largest bank in the Russian Federation, has denied connection to a new cryptocurrency called “sbercoin.” The project is offering high returns to buyers of the token, which was launched shortly after Bank of Russia allowed Sberbank to issue digital currencies. Sbercoin Traded on Pancakeswap Exchange, Not Issued by Sberbank A crypto project called […]

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