News about RUSSIA

News about Russia

Binance Blocks Crypto Trading for Russian Nationals per EU Sanction

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Binance limits services in Russia due to the EU’s 5th package of sanctions

Binance, the world’s largest cryptocurrency exchange by volume, is adopting major restrictions on users in Russia following the European Union’s fifth package of sanctions against Russia.Binance officially announced Thursday new limitations for Russi...

Binance restricts services in Russia following the EU’s latest sanctions

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U.S. Unleashes New Sanctions Against Russian Oligarchs, Bank And Crypto Miner BitRiver | Bitcoinist.com

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US Treasury Department Imposes Sanctions on Russian Crypto Mining Firm Bitriver

The United States announced that it has added Bitriver, a Russian cryptocurrency mining firm, to its sanctions list. The latest movement is part of the US ongoing efforts to block Russian companies from accessing the global financial network amid...

Binance Set to Curb Services to Russia Users After EU Sanctions

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U.S. Unleashes New Sanctions Against Russian Oligarchs, Bank And Crypto Miner BitRiver

The US Department of the Treasury is targeting companies, oligarchs, and bitcoin miners operating in Russia for the first time ever as the country’s conflict on Ukraine enters its third month. Treasury officials announced Thursday that the depa...

Russian crypto miner Bitriver added to US sanctions list

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US Treasury Dept lists crypto mining firm in latest sanctions against Russia

The United States Treasury Department has added Russia-based crypto mining services provider BitRiver and several subsidiaries as firms facilitating the evasion of sanctions. In a Wednesday announcement, the Treasury Department’s Office of Foreign As...

US Treasury sanctions Russian crypto miners, its first sanction on mining

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New US sanctions targeting “companies operating in Russia’s virtual currency mining industry"

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Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says

Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and circumvent sanctions, the International Monetary Fund predicts in a report. Repercussions of the war in Ukraine continue to reverberate globally and...

Russian tax authority proposes using crypto as a foreign trade payment tool

Russia's Federal Tax Service (FTS) has joined the debate around crypto regulation in Russia with an unexpectedly blunt proposition — to let Russian companies use digital currencies as a payment method when transacting internationally.On Wednesday, lo...

Russia to include crypto into its tax code: Here is what the rules might look like

In the last few months, the standoff between the Central Bank of Russia (CBR) and the country’s Ministry of Finance over crypto regulation has become the key regulatory plot for the Russian crypto community to follow. Simultaneously, however, another...

Russian Bankers Suggest Criminalizing Crypto Storage in Non-Custodial Wallets

Keeping cryptocurrencies in non-custodial wallets may be criminalized in Russia, if authorities accept a proposal from the trade association representing Russian banks. While financial regulators think the idea deserves attention, lawmakers and exper...

Russian Finance Ministry Clarifies Rumors Of Crypto Legalization

Russian Ministry of Finance now “advises” using cryptocurrencies as legal tender? That sounds like an old story. Crypto journalists have reported that the Russian Ministry of Finance pushes for tokens to be treated as legal tender. However, thereR...

Russians Have To Pass Test to Purchase Over $600 in Crypto Every Year

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Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing

The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks bei...

Exmo Trading Platform Stops Services in Russia, Belarus & Kazakhstan

Cryptocurrency trading platform Exmo has it will stop serving traders and customers from Russia, Belarus, and Kazakhstan. The move comes following the Russian invasion of Ukraine which has largely made the global business outlook of the country re...

Crypto firm Exmo exits Russia and Belarus by selling part of its business

London-based cryptocurrency exchange Exmo is the latest crypto trading platform to formally suspend its business in Russia and Belarus due to Russia’s invasion of Ukraine.Exmo is selling its digital asset business in Russia and Belarus to a Russia-ba...

Github suspends accounts of Russian developers linked to sanctioned firms

Major developer platform GitHub has reportedly blocked more than a dozen accounts of Russian developers associated with organizations sanctioned by the United States government. The sanctioned accounts include some of the largest banks in Russia — Sb...

Russian bankers reportedly want to outlaw noncustodial crypto wallets

A major Russian banking association wants to criminalize keeping your own cryptocurrency keys.The Association of Banks of Russia, an organization that includes more than 300 Russian banks and financial institutions, has called on lawmakers to crimina...

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