Tag: Russia
News about Russia.
Crypto Exchange Network Accused of Helping Russia Evade Sanctions, Says Elliptic
Reading Time: < 1 minuteA group of five crypto exchanges is allegedly enabling Russians to bypass international sanctions, stepping in after the shutdown of the Russian platform Garantex last year.
European Union Drafts Plan to Halt Crypto Transfers to Russia Amid Sanctions Evasion Concerns
Reading Time: < 1 minuteA draft proposal within the European Union calls for a comprehensive ban on cryptocurrency transactions involving Russia, targeting the Kremlin’s suspected use of digital assets to bypass sweeping economic sanctions.
Russia’s Sberbank to Expand Crypto-Backed Lending for Corporate Clients
Reading Time: < 1 minuteRussia’s largest financial institution, Sberbank, has announced plans to begin issuing loans backed by cryptocurrency to its corporate clients, citing significant market demand.
Russia to Enact Crypto Rules in July, Opening Market to Retail Traders
Reading Time: < 1 minuteRussia is preparing to introduce a comprehensive regulatory framework for cryptocurrencies this July, which will open participation in the local crypto market to retail investors.
Russia Labels WhiteBIT as ‘Undesirable,’ Banning Crypto Exchange
Reading Time: < 1 minuteRussia has declared the crypto exchange WhiteBIT an “undesirable” organization, effectively prohibiting its operations within the country.
Russia Eyes New Path for Retail Crypto Investment, Lawmaker States
Reading Time: < 1 minuteRussia is reportedly preparing to grant retail investors limited access to the cryptocurrency market.
Bank of Russia Aims for 2026 to Enact Unified Crypto Rules and Penalties
Reading Time: < 1 minuteThe Bank of Russia has unveiled a plan to consolidate the country’s fragmented cryptocurrency regulations into a single, enforceable framework by mid-2026.
Russian Official Proposes State Crypto Bank to Curb Crime
Reading Time: < 1 minuteA Russian official has proposed the creation of a state-backed cryptocurrency bank to legitimize the digital asset sector and support miners.
Sber Pioneers Regulated Bitcoin-Linked Bonds in Russia
Reading Time: < 1 minuteIn a move blending traditional finance with digital assets, Sber—Russia’s largest bank—has rolled out a regulatory-compliant Bitcoin-linked bond.
Russia Considering Launch of a Crypto Exchange
Reading Time: < 1 minuteThe Finance Ministry and Central Bank of Russia are set to launch a crypto exchange for highly qualified investors, Finance Minister Anton Siluanov announced during a ministry board meeting.
Russia’s Central Bank May Allow Crypto Trading for Wealthy Investors
Reading Time: < 1 minuteThe Bank of Russia has proposed legislation for a three-year experimental regime allowing crypto investment by wealthy individuals.
Russia Bans Cryptocurrency Mining for 6 Years
Reading Time: < 1 minuteThe Russian government has approved a list of regions and territories where cryptocurrency mining will be prohibited next year.
Russian Lawmakers Greenlight Crypto Tax Bill
Reading Time: < 1 minuteRussian lawmakers have given their approval to the government’s proposal for a crypto tax bill, which will require Bitcoin miners to pay taxes on their earnings.
Russia Considers 15% Tax on Crypto Earnings
Reading Time: < 1 minuteRussia’s Ministry of Finance yesterday put forth a draft amendment proposing a 15% tax on earnings made from cryptocurrency.
Binance Will Stop Ruble Transactions by End of the Month
Reading Time: < 1 minuteIn December, Binance announced that it will stop processing Russian ruble transactions by the end of January, in compliance with Western sanctions policies.
Elliptic Finds Connection with Russia of Laundering of Assets Stolen from FTX
Reading Time: < 1 minuteElliptic experts have concluded that a Russian-linked broker or intermediary was likely involved in laundering some of the funds stolen from FTX in November 2022.
UK Says Huobi and KuCoin Violates Sanctions Regime Against Russia
Reading Time: < 1 minuteThe Bank of England has admitted that platforms like Huobi and KuCoin have continued to facilitate Russian banks’ circumvention of financial sanctions.
Binance Abandons Sberbank and Tinkoff Names
Reading Time: < 1 minuteBinance, which has an internal peer-to-peer platform, had replaced the Sberbank and Tinkoff card names with “green” and “yellow” respectively.
Russia’s Parliament Approves Law on Introduction of Digital Ruble
Reading Time: < 1 minuteThe State Duma of the Russian Federation has passed in the second and third read ings a law which lays the groundwork for the integration of the central bank digital currency (CBDC).
US DoJ Suspects Binance of Violating Sanctions Against Russia
Reading Time: < 1 minuteThe US Department of Justice and Department of Homeland Security are jointly conducting an investigation into Binance Holdings Ltd. over possible violations of US sanctions against Russia.
Binance Bans P2P Transactions in USD and EUR for Russian Users
Reading Time: < 1 minuteCitizens of Russia, as well as any individuals residing in the country, are now prohibited from using the Binance P2P service to purchase or sell dollars and euros.
Russia to Launch a Crypto Exchange Next Year
Reading Time: < 1 minuteBy mid-2023, an official cryptocurrency exchange controlled by the authorities may appear in the country.
Russia and Cuba May Use Cryptocurrencies to Avoid Sanctions
Reading Time: < 1 minuteTo carry out mutual settlements bypassing such restrictions, countries can use digital currencies.
Bybit Will Not Ban Russian Users
Reading Time: < 1 minuteCrypto exchange Bybit will not impose restrictions for Russian users.
US Exchange Kraken Bans Registration of Russian Users
Reading Time: < 1 minuteKraken has banned users from Russia from registering accounts and has also limited accounts “based in Russia.”
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