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Russia’s central bank now mandates the registration of foreign exchange trade contracts involving digital rights, aiming to enhance oversight, integrate cryptocurrencies, and ensure financial stability. Bank of Russia Tightens Grip on Crypto Deals and Digital Tokens Russia’s central bank, the Bank of Russia, has introduced regulations to manage foreign exchange operations involving digital rights. Digital … Read more
Russian nationals face charges for allegedly using cryptocurrency mixers to launder proceeds from ransomware, wire fraud, and theft, obscuring illicit funds’ origins, the DOJ says. Russian Nationals Face DOJ Charges for Laundering Cryptocurrency Theft Proceeds The U.S. Department of Justice (DOJ) announced on Jan. 10 the indictment of three Russian nationals for operating cryptocurrency mixers … Read more
The Russian government has started selling part of the 1,032 bitcoins seized from former investigator Marat Tambiev, convicted of taking bribes. Russian Authorities Seize Real Estate Belonging to Bribery-Convicted Official The Russian government has reportedly begun selling a portion of over 1,032 bitcoins (BTC) seized from a former investigator, Marat Tambiev, who was convicted of … Read more
The Bitcoin seized from former ICRF employee Marat Tambiev will be turned into Russian state revenue from a hardware crypto wallet. Go to Source
Russian Telegram users now have more media freedom than Europeans, as EU censorship grows—raising alarms over the future of free expression across digital platforms. Pavel Durov Exposes Media Censorship Divide Between EU and Russia Telegram’s CEO, Pavel Durov, has criticized media restrictions in the European Union, highlighting what he described as greater freedom for Russian … Read more
Alexey Zhikharev, director of the Renewable Energy Development Association (REDA), revealed that cryptocurrency mining accounts for almost 1% of Russia’s energy consumption. He stated that as the industry grows, miners will increasingly employ renewable energy sources. Russia’s Cryptocurrency Mining Energy Expenditure Nears 1% of the Nation’s Total The growth in Russia’s cryptocurrency mining industry energy … Read more
Russia is set to make the digital ruble mandatory for banks and large merchants by 2025, pushing widespread adoption through universal QR code payments. Russia Moves to Mandate Digital Ruble for Banks and Merchants A bill has been introduced to Russia’s State Duma that seeks to make the use of the digital ruble, Russia’s central … Read more
Russia’s largest bank, Sberbank, has joined the expanding digital ruble pilot, signaling stronger momentum as the country advances its central bank digital currency initiative. Russia Expands Digital Ruble Pilot with Key Banking Giants Sberbank, Tbank, and Tochka Bank have officially joined Russia’s digital ruble pilot program, the Central Bank of Russia has revealed through its … Read more
This week’s Crypto Biz explores Bitcoin’s landmark year, Crypto.com’s new custody service, Russia’s partial ban on crypto mining and taxes on staking rewards in the US. Go to Source
Russia recently enacted a ban on crypto mining operations in 10 regions until 2031, citing high energy consumption issues as the cause. Deputy Prime Minister Alexander Novak stated that this list might expand. Russia Issues Crypto Mining Restrictions in 10 Regions The future of cryptocurrency mining in Russia is in jeopardy. The Russian cabinet recently … Read more