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Russia is preparing a bill that would specify the requirements and procedures for the confiscation of digital assets, taking into account the specific circumstances surrounding these actions. The Russian Ministry of Justice emphasized that anonymity and the lack of centralized control over these assets have hampered these efforts. Russia to Introduce Bill Specifying Procedures to … Read more
Russian law enforcement has arrested the co-founder of the crypto game Blum in Moscow as part of a criminal investigation into large-scale fraud. Smerkis Steps Down as Blum CMO Russian law enforcement arrested Vladimir Smerkis, co-founder of the crypto game Blum, in Moscow as part of a criminal investigation into large-scale fraud. The announcement of … Read more
De-dollarization is exploding across Eurasia as 93% of EAEU trade now flows through national currencies, signaling a decisive pivot from the U.S. dollar and reshaping global finance. Russia Says 93% of EAEU Trade Now in National Currencies as Dollar Use Crumbles A rising trend of de-dollarization is reshaping trade across Eurasia, as national currencies increasingly … Read more
Russia and China have nearly eliminated the U.S. dollar from their bilateral trade, conducting transactions in rubles and yuan as de-dollarization reshapes global economic power structures. Almost All Russian-Chinese Foreign Trade Operations Now in Rubles and Yuan Following a high-level meeting with Chinese President Xi Jinping on May 8 in Moscow, Russian President Vladimir Putin … Read more
According to reports, Euroclear is set to proceed with the confiscation of $3 billion in Russian assets to compensate Western investors for losses incurred from asset forfeitures in the country. If executed, this move risks jeopardizing the clearance platform that handles trillions. Euroclear to Seize $3 Billion in Russian Assets A move that might put … Read more
BRICS is surging ahead with unstoppable momentum, rapidly abandoning the U.S. dollar, building resilient payment systems, and forging a historic new economic frontier beyond Western control. Lavrov Confirms BRICS Ditching US Dollar Fast Russian Foreign Minister Sergey Lavrov has highlighted the growing use of national currencies among BRICS members in place of the U.S. dollar … Read more
The Central Bank of Russia announced that large payments using the digital ruble framework will debut in 2026, providing an official update after the postponement of its launch in March. Central Bank of Russia: Digital Ruble to Be Launched in 2026 The irruption of central bank digital currencies (CBDC) in the lives of Russian citizens … Read more
A bold crypto revolution is underway as Russia launches a regulated crypto exchange for elite investors, dragging digital assets into legality, led by the Finance Ministry and the central bank. Russian Central Bank and Finance Ministry Aim to Drag Crypto out of the Shadows Russian Finance Minister Anton Siluanov announced at a recent Ministry of … Read more
Three more regions in Russia have applied to join others in limiting bitcoin mining activities due to the high energy consumption of these operations. The Ministry of Finance stated that it is still undecided whether these new regions will impose a full mining ban or only restrictions during the heating season. Russia Attacks Bitcoin Mining … Read more
According to the Central Bank of Russia, 53.5% of all imports to the country were paid for with Russian rubles in February, marking a historic record. Currencies from unfriendly countries, including the U.S. dollar, accounted for only 17.2%, representing a success for a nation facing unilateral sanctions from the U.S. government. Russia Pays Imports Mostly … Read more