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The program, currently in its pilot stages, is part of a test to examine the feasibility of using gold assets for finalizing international exchanges involving Russia. Capital Lab partner Evgeny Shatov stated that digital gold assets can help the nation bypass sanctions and reduce its dependence on the dollar. Russia Is Testing Digital Gold-Based International … Read more
Russia is pushing forward with a regulated cryptocurrency market, limiting access to “super-qualified” investors under a strict legal framework to ensure financial stability and security. Russia’s Crypto Overhaul: Strict New Market May Change Everything The Russian Finance Ministry and central bank are discussing the creation of a regulated cryptocurrency trading market for highly experienced investors, … Read more
The U.S. Secret Service, collaborating with global law enforcement partners, confiscated the website of Garantex, a Russian cryptocurrency platform accused of enabling illegal financial activities. Previously sanctioned by the U.S. and EU for its alleged role in laundering funds, the exchange abruptly halted operations post-seizure and disclosed that Tether had immobilized $28 million in digital … Read more
Tether, the largest stablecoin issuer, has immobilized roughly $28 million in USDT tokens on Garantex, a cryptocurrency platform based in Russia. This measure corresponds with the European Union’s sanctions against Garantex, which allege ties to Russian governmental entities and illicit networks, particularly amid Russia’s military operations in Ukraine. Garantex Warns Users: ‘All USDT in Russian … Read more
Russia could develop a cryptocurrency reserve within one to three years, a top mining executive claims, as U.S. policy shifts fuel global interest in crypto’s financial potential. Crypto Reserve in Russia? Industry Insider Says It Could Happen in 1-3 Years As more countries consider buying bitcoin following U.S. President Donald Trump’s plan to make the … Read more
France is resisting calls to seize frozen Russian assets for Ukraine aid, warning that confiscation would violate international law, destabilize the eurozone, and set dangerous economic precedents. France Stands Firm Against Seizing Russian Assets for Ukraine Aid France remains opposed to seizing frozen Russian assets to fund military aid for Ukraine, warning that such a … Read more
Russia’s digital ruble rollout is delayed as the central bank refines its economic model, despite a successful pilot with 15 banks, 1,700 citizens, and 30 businesses participating. Bank of Russia Delays Digital Ruble Rollout The Bank of Russia has delayed the full-scale rollout of its central bank digital currency (CBDC), the digital ruble, which was … Read more
As Russia anticipates a possible return of Western corporations, President Vladimir Putin has instructed his cabinet to prioritize domestic firms over foreign businesses seeking to re-enter the market. This move follows economic sanctions imposed after Russia’s 2022 invasion of Ukraine, which led to the departure or downsizing of over 1,800 foreign companies. Recent talks between … Read more
BRICS nations are accelerating efforts to create independent payment systems, aiming to bypass Western financial dominance. BRICS Advances Alternative Payment Systems to Reduce Western Dependence BRICS nations are actively discussing the development of alternative payment platforms to reduce their dependence on American financial systems, Tass reported on Feb. 19, citing Russian Foreign Minister Sergey Lavrov. … Read more
Russia’s Supreme Court is pushing to classify cryptocurrency as property in penal cases, aiming to strengthen law enforcement’s ability to track, freeze, and confiscate illicit digital assets. Russia’s Supreme Court Advances Crypto Legalization Efforts Russia’s Supreme Court has taken an increasingly active role in defining the legal status of cryptocurrency, with its latest efforts focusing … Read more
