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# Russia

2 days ago
US Lawmakers Urge Treasury Action on Russian Crypto Exchange Sanctions Evasion Bitcoin.com 2 days ago

US Lawmakers Urge Treasury Action on Russian Crypto Exchange Sanctions Evasion

US Congressmen have requested Treasury Secretary Janet Yellen to investigate Garantex, a Moscow-based crypto exchange, for reportedly aiding in sanctions evasion and funding Russia's invasion of Ukraine.

Russian Teens Arrested for ‘Crypto-powered Money Laundering’ – Report Cryptonews 2 days ago

Russian Teens Arrested for ‘Crypto-powered Money Laundering’ – Report

Two Russian teenagers were arrested for their alleged involvement in a cryptocurrency money laundering ring, according to a police source on May 14.

4 days ago
Report: Russian Authorities Propose Steep Fines for Crypto Miners Operating in Residential Apartments Bitcoin.com 4 days ago

Report: Russian Authorities Propose Steep Fines for Crypto Miners Operating in Residential Apartments

Russian authorities aim to impose fines on crypto miners using residential properties to curb rising power outages, by potentially amending the Code of Administrative Offenses for electricity misuse.

5 days ago
Russian Energy Companies Target Private Crypto Miners: Impact on Bitcoin (BTC) and Ethereum (ETH) Markets Coinotag 5 days ago

Russian Energy Companies Target Private Crypto Miners: Impact on Bitcoin (BTC) and Ethereum (ETH) Markets

Russian energy firms plan to crack down on private crypto miners while proposing to legalize industrial mining. This could affect the markets for Bitcoin and Ethereum.

Russian Energy Firms Prepares to ‘Hunt’ Private Crypto Miners Cryptonews 5 days ago

Russian Energy Firms Prepares to ‘Hunt’ Private Crypto Miners

Russian energy firms are set to target and crack down on individuals mining cryptocurrencies at home, as reported on May 12.

JPMorgan Chase Warns Bank's Assets May Be Seized in Russia After $1,4b Write-Off stacker news 5 days ago

JPMorgan Chase Warns Bank's Assets May Be Seized in Russia After $1,4b Write-Off

JPMorgan Chase has warned of the potential seizure of its assets by Russian authorities after declaring a $1.4 billion write-off, reflecting rising geopolitical tensions and financial risks amidst the Russian-Ukraine conflict.

6 days ago
JPMorgan Chase Faces Potential Asset Seizure in Russia Following $1.46 Billion Write-Off: Impact on Crypto Market and Coin Values (JPM) Coinotag 6 days ago

JPMorgan Chase Faces Potential Asset Seizure in Russia Following $1.46 Billion Write-Off: Impact on Crypto Market and Coin Values (JPM)

JPMorgan Chase braces for asset seizure in Russia after a court sides with VTB Bank due to JPMorgan's $1.46 billion write-off, posing potential impacts on the crypto market and coin values.

1 week ago
IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar Bitcoin.com 1 week ago

IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar

Gita Gopinath of the IMF disclosed that nations are reevaluating their reliance on the US dollar due to shocks from the pandemic, Russia's geopolitical situation, and national security concerns.

Russia: a blockchain-based referendum for Vladimir Putin’s electoral victory Cryptonomist 1 week ago

Russia: a blockchain-based referendum for Vladimir Putin’s electoral victory

The exiled opposition leader has introduced a blockchain-based tool using Arbitrum, aimed at challenging Putin's electoral victory.

Blockchain Voting Targets Russian Elections Bitcoinhaber 1 week ago

Blockchain Voting Targets Russian Elections

Mark Feygin has initiated a referendum against the Russian electoral system using a blockchain application called Russia2024, developed by Rarilabs, to safeguard voter privacy and resist surveillance.

Exiled Russian Opposition Leader Launches Blockchain-Based Referendum on Vladimir Putin’s Election Win Coindesk 1 week ago

Exiled Russian Opposition Leader Launches Blockchain-Based Referendum on Vladimir Putin’s Election Win

Mark Fegyin, an exiled Russian opposition leader, has launched a blockchain-based platform to challenge Vladimir Putin's election for a fifth term by allowing Russians to anonymously register a protest vote.

April’s Top Performer: Nifty Metal Soars by 11% – Is This the Start of a Long-Term Rally? Coinotag 1 week ago

April’s Top Performer: Nifty Metal Soars by 11% – Is This the Start of a Long-Term Rally?

Metal stocks are rallying due to encouraging PMI data from China, consistent economic performance in the US, and heightened demand from Russia for defense and aerospace sectors. These catalysts triggered an 11% increase in Nifty Metal, suggesting the potential onset of an extended market uptrend.

Alexander Vinnik Admits Guilt in BTC-e Scandal: Impact on Bitcoin (BTC) Market Explored Coinotag 1 week ago

Alexander Vinnik Admits Guilt in BTC-e Scandal: Impact on Bitcoin (BTC) Market Explored

Russian national Alexander Vinnik has pleaded guilty to money laundering through BTC-e, affecting the Bitcoin market.

Russia’s Proposed Ban on Cryptocurrencies (BTC, ETH): A Deep Dive into the Controversial Bill Coinotag 1 week ago

Russia’s Proposed Ban on Cryptocurrencies (BTC, ETH): A Deep Dive into the Controversial Bill

Russia is poised to impose a severe restriction on cryptocurrency trading, such as Bitcoin, permitting only qualified investors access, amidst geopolitical tensions and sanctions.

2 weeks ago
BTC-e Operator Alexander Vinnik Pleads Guilty to Money Laundering Conspiracy Charge Coindesk 2 weeks ago

BTC-e Operator Alexander Vinnik Pleads Guilty to Money Laundering Conspiracy Charge

Alexander Vinnik, a Russian national and operator of BTC-e, has pleaded guilty to money laundering conspiracy in relation to his activities with the cryptocurrency exchange.

Iran and Russia Collaborate on Trade Solutions Powered by CBDC: A New Era for Crypto (BTC, ETH) Coinotag 2 weeks ago

Iran and Russia Collaborate on Trade Solutions Powered by CBDC: A New Era for Crypto (BTC, ETH)

Iran and Russia collaborate on CBDC and DFA-powered trade solutions, marking a significant move in the crypto field, impacting Bitcoin and Ethereum.

Iran and Russia Working on Bilateral CBDC-powered Trade Solutions Cryptonews 2 weeks ago

Iran and Russia Working on Bilateral CBDC-powered Trade Solutions

Iran and Russia collaborate on trade solutions using CBDC and DFAs, per an Iranian official.

US Sanctions Target Crypto Addresses Tied to Russian Drone Manufacturer: Impact on Bitcoin (BTC) and Ethereum (ETH) Coinotag 2 weeks ago

US Sanctions Target Crypto Addresses Tied to Russian Drone Manufacturer: Impact on Bitcoin (BTC) and Ethereum (ETH)

The US Treasury's OFAC has sanctioned crypto addresses tied to Russian drone maker OKO Design Bureau, potentially affecting Bitcoin and Ethereum markets.

US Imposes Sanctions on Crypto Addresses Linked to Russian Drone Maker Cryptonews 2 weeks ago

US Imposes Sanctions on Crypto Addresses Linked to Russian Drone Maker

The US Treasury's Office of Foreign Assets Control (OFAC) sanctioned three crypto addresses associated with a developer from OKO Design Bureau, a Russian drone manufacturer.

Russian Crypto Exchange Unable to Process Withdrawals; Angry Users Try to Storm Offices Bitcoin.com 2 weeks ago

Russian Crypto Exchange Unable to Process Withdrawals; Angry Users Try to Storm Offices

Approximately 50 users, angered by withdrawal issues at Beribit, a Russian cryptocurrency exchange, attempted to storm the exchange's Moscow office. The company cited a balance sheet audit for discrepancies as the reason for the withdrawal delays.

Russia to Enact a Ban on Domestic Operations Of Cryptocurrency Exchanges Bitcoin.com 2 weeks ago

Russia to Enact a Ban on Domestic Operations Of Cryptocurrency Exchanges

Russia is set to prohibit the functioning of cryptocurrency exchanges domestically, while a bill to regulate mining is approved. Digital financial assets including the digital ruble will still circulate.

Draft Law Presented Against Crypto Exchanges in Russia After Scandal! Coinengineer 2 weeks ago

Draft Law Presented Against Crypto Exchanges in Russia After Scandal!

Russia introduces a draft law to prohibit crypto exchanges and their advertising, but allows cryptocurrency transactions and doesn't ban registered mining companies.

Draft Law Presented Against Crypto Exchanges in Russia After Scandal! Coinengineer 2 weeks ago

Draft Law Presented Against Crypto Exchanges in Russia After Scandal!

Russia's State Duma received a draft law aiming to ban cryptocurrency exchanges and their advertising, while leaving cryptocurrency transactions and registered mining companies untouched.

Russia crypto ban starts September 2024, but there’s some exceptions Ambcrypto 2 weeks ago

Russia crypto ban starts September 2024, but there’s some exceptions

Russia announces a ban on cryptocurrency starting September 2024, including strict regulations with certain exceptions not detailed in the article.

Senators Concerned Over Tether’s Use by Sanctioned Nations Coinengineer 2 weeks ago

Senators Concerned Over Tether’s Use by Sanctioned Nations

U.S. Senators express concerns about Tether's stablecoin being used by Russia, Iran, and North Korea to circumvent sanctions, seeking clarification from the Biden administration.

Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability Bitcoin.com 2 weeks ago

Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability

The Bank of Russia, led by governor Elvira Nabiullina, has stated that potential U.S. asset confiscation will not affect Russia's economic stability due to its long-term asset diversification.

New Russian Law Will Legalize Industrial Crypto Miners, Limit Private Mining Cryptonews 2 weeks ago

New Russian Law Will Legalize Industrial Crypto Miners, Limit Private Mining

Russian lawmakers are legalizing industrial crypto mining while potentially restricting private miners.

Total Crypto Ban In Russia Imminent: Lawmakers Confirm Enforcement In 5 Months Bitcoinist 2 weeks ago

Total Crypto Ban In Russia Imminent: Lawmakers Confirm Enforcement In 5 Months

Russian officials plan to impose restrictions on cryptocurrencies by September 1, with upcoming votes to potentially ban crypto transactions.

Why Russia Imposed Ban On Cryptocurrencies? Coinpedia 2 weeks ago

Why Russia Imposed Ban On Cryptocurrencies?

Russia will enforce strict limitations on cryptocurrency circulation starting September 1, 2024, except for assets issued domestically. Anatoly Aksakov's initiative seeks to reinforce the ruble's dominance and security amid geopolitical strife.

Russia Tightens Cryptocurrency Controls to Bolster National Currency Bitcoinhaber 2 weeks ago

Russia Tightens Cryptocurrency Controls to Bolster National Currency

Russia plans to enforce strict cryptocurrency regulations to protect the ruble's stability, restricting foreign crypto activities and encouraging domestic digital assets like the digital ruble.

Russian ‘Crypto Ban’ Could Come into Force by September, Lawmakers Confirm Cryptonews 2 weeks ago

Russian ‘Crypto Ban’ Could Come into Force by September, Lawmakers Confirm

Top Russian lawmakers have confirmed that a potential cryptocurrency ban may be enacted starting September 1.

Cryptocurrency Crisis in Russia: Russian Duma Proposes Bill to Ban Cryptocurrency Exchanges, Users Raid a Crypto Exchange Bitcoinsistemi 2 weeks ago

Cryptocurrency Crisis in Russia: Russian Duma Proposes Bill to Ban Cryptocurrency Exchanges, Users Raid a Crypto Exchange

Russian authorities raided a cryptocurrency exchange for non-payment, and the Duma proposed a bill to ban crypto exchanges.

Russian Duma considers exchange ban as Beribit clients demand crypto, receive chocolate The Block 2 weeks ago

Russian Duma considers exchange ban as Beribit clients demand crypto, receive chocolate

Clients of Russian crypto exchange Beribit occupied its offices, demanding the release of funds, amidst a Russian Duma proposal to ban exchanges.

Russia’s Legislative Body Considers Diving Into Crypto – Will They Mine Or Maul It? Bitcoinist 2 weeks ago

Russia’s Legislative Body Considers Diving Into Crypto – Will They Mine Or Maul It?

Russia contemplates legalizing and regulating crypto mining with new legislation that aims to foster the industry while addressing risks.

3 weeks ago
Bank of Russia and Rosfinmonitoring Reveal Fiat-to-Crypto Tracking System Pilot Bitcoin.com 3 weeks ago

Bank of Russia and Rosfinmonitoring Reveal Fiat-to-Crypto Tracking System Pilot

The Bank of Russia and Rosfinmonitoring introduced a pilot 'know your crypto customer' system that connects users' fiat operations to their activities on the blockchain. Five Russian banks are participating in the pilot set to conclude in April 2023 but it may extend.

Analysts: Confiscation of Russian Assets in the US Would Supercharge De-Dollarization Bitcoin.com 3 weeks ago

Analysts: Confiscation of Russian Assets in the US Would Supercharge De-Dollarization

Analysts predict that the U.S. REPO Act's seizure of Russian assets could accelerate de-dollarization globally, as nations fear asset confiscation.

BRICS Bloc Mulls Stablecoins, CBDC-Based System for International Settlements Bitcoin.com 3 weeks ago

BRICS Bloc Mulls Stablecoins, CBDC-Based System for International Settlements

The BRICS bloc, which includes Russia, is exploring the adoption of stablecoins and connected central bank digital currencies (CBDCs) for international settlements, according to Russian Deputy Foreign Minister Sergey Ryabkov.

Russia Warns US of Further Aggravation After Funding Bill Passes Amid Heightened Geopolitical Strife Bitcoin.com 3 weeks ago

Russia Warns US of Further Aggravation After Funding Bill Passes Amid Heightened Geopolitical Strife

Following a series of U.S. funding bills for Ukraine, Israel, and Taiwan, Russia's Foreign Ministry has warned the U.S. of worsening relations. Amid these geopolitical tensions, gold prices are strong, but Bitcoin is down 12% from its peak.

4 weeks ago
Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments Bitcoin.com 4 weeks ago

Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments

Anatoly Aksakov of the Russian State Duma suggests digital financial assets may supplant fiat for international payments. These assets, under central bank regulation, are unofficially used for global settlements.

Russian Ministry Officials ‘Took BTC, ETH Bribes from Crypto Exchange Exec’ Cryptonews 4 weeks ago

Russian Ministry Officials ‘Took BTC, ETH Bribes from Crypto Exchange Exec’

Russian Ministry of Internal Affairs officials allegedly accepted a $53.2 million bribe in BTC and ETH from a crypto exchange executive, as reported by a major newspaper.

1 month ago
Bank of Russia Supports Cryptocurrency Usage for International Settlements Bitcoin.com 1 month ago

Bank of Russia Supports Cryptocurrency Usage for International Settlements

The Bank of Russia will endorse the use of cryptocurrencies for international settlements. Governor Elvira Nabiullina suggests starting with a sandbox approach, while national digital assets could be used without such measures.

Digital Ruble Rollout Will Cost Russian Banks $536m a Year – Experts Cryptonews 1 month ago

Digital Ruble Rollout Will Cost Russian Banks $536m a Year – Experts

Financial analysts have estimated that the planned implementation of the digital ruble could cost the Russian banking sector approximately $536 million annually.

Bitcoin Faces Uncertainty as Geopolitical Tensions and Market Predictions Stir Investor Nerves Bitcoinhaber 1 month ago

Bitcoin Faces Uncertainty as Geopolitical Tensions and Market Predictions Stir Investor Nerves

Investors are anxious as Bitcoin's value swings amidst ongoing geopolitical strife, potentially leading to crucial market movements.

Illegal Crypto Mining: Russian Police Seize More than 3,200 Rigs in Siberia Raids Cryptonews 1 month ago

Illegal Crypto Mining: Russian Police Seize More than 3,200 Rigs in Siberia Raids

Russian authorities have confiscated over 3,200 cryptocurrency mining rigs from four unauthorized data centers in Siberia, signaling a crackdown on illegal crypto mining activities in the region.

CBDC in Russia: The pilot project of the digital ruble could see the light as early as 2025 Cryptonomist 1 month ago

CBDC in Russia: The pilot project of the digital ruble could see the light as early as 2025

Russia plans to pilot a digital ruble by 2025 with a goal towards mass adoption by 2030, becoming part of a global trend of developing central bank digital currencies (CBDCs).

Russian Central Bank Chief: Mass Adoption of Digital Ruble Expected in 5 to 7 Years Bitcoin.com 1 month ago

Russian Central Bank Chief: Mass Adoption of Digital Ruble Expected in 5 to 7 Years

Russian Central Bank Governor Elvira Nabiullina estimates a 5 to 7-year timeline for mass adoption of the digital ruble, conflicting with earlier State Duma Committee projections for a launch next year.

Russian Government Crypto Chief: Mining Regulation Is Our Priority Cryptonews 1 month ago

Russian Government Crypto Chief: Mining Regulation Is Our Priority

Chairman of Russia's government crypto working group prioritizes Bitcoin mining regulation.

Russian Fintech Startups Join Digital Ruble Pilot Cryptonews 1 month ago

Russian Fintech Startups Join Digital Ruble Pilot

Russian fintech companies are entering the digital ruble pilot, expanding the Central Bank's CBDC initiative.

Best Crypto to Buy in 2024: BlockDAG Presale Leads Uniswap Price Prediction and Toncoin Surge with $10.8M Presale Fundraising Cryptonomist 1 month ago

Best Crypto to Buy in 2024: BlockDAG Presale Leads Uniswap Price Prediction and Toncoin Surge with $10.8M Presale Fundraising

The crypto landscape is in flux with Russia's events impacting Uniswap's growth and Toncoin's surge. The BlockDAG presale, seen as the best buy for 2024, successfully raised $10.8M, highlighting market uncertainty.

4 months ago
Mining in Russia in 2024 Ultramining 4 months ago

Mining in Russia in 2024

Russia is preparing to legalize cryptocurrency for international settlements, improving its position in the global mining market. Mining in Russia offers low costs and high profit potential. Despite challenges and criticism, the Russian government acknowledges the financial benefits of cryptocurrencies and plans to regulate and tax the mining industry.

6 months ago
Mining: Tariffs, Electricity Costs Ultramining 6 months ago

Mining: Tariffs, Electricity Costs

This article discusses the factors impacting the cost of electricity for cryptocurrency mining, including equipment type, efficiency, cooling systems, and regional tariffs. It covers the importance of understanding local electricity rates for accurate cost calculation and how to reduce electricity costs by using efficient hardware, negotiating tariffs, or using renewable energy.

Mining in 2023 Ultramining 6 months ago

Mining in 2023

Cryptocurrency mining in 2023 is highly competitive but still relevant. With reduced equipment costs and legalized mining in countries like Russia, there are opportunities, especially for energy-efficient mining with a ROI averaging 12 months. However, increased difficulty and volatility present challenges for individual miners.

1 year ago
Russia Moves Forward on Digital Ruble Legislation, Opens Door for Crypto Tax Payments Ultramining 1 year ago

Russia Moves Forward on Digital Ruble Legislation, Opens Door for Crypto Tax Payments

Russia's State Duma is advancing legislation on the digital ruble to facilitate foreign digital currency transactions and enable tax payments with it. The bill promotes interoperability with other national digital currencies, highlighting efforts to bypass restrictions from other countries. Amendments will continue to be taken in, with tests scheduled to start after some delays.