News about RUSSIA

News about Russia

Russia has no plans for a total crypto ban, lawmaker says

Russia will not impose a total ban o cryptocurrency transactions in the country as some reports claimed. That’s according to Anton Gorelkin, the Deputy Chairman of the State Duma Committee on Information Policy, Information Technologies, and C...

Russia prepares for total crypto ban as geopolitical tensions rise

submitted by /u/0xJonnyDee [link] [comments]

Russia to Enforce Crypto Restrictions, Exempting Miners and Central Bank Projects

In Brief Russia bans non-Russian crypto, effective Sept 1, exempts miners. It aims to strengthen ruble, control crypto amidst geopolitical tensions. Debate persists; Finance Minister of Russia advocates regulated use. Starting September 1, Russia w...

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

Russia is dipping its toes into the world of cryptocurrency with a proposed bill aimed at legalizing and regulating crypto mining within its borders. The bill, submitted to the State Duma, the lower house of parliament, seeks to strike a balance betw...

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

The Bank of Russia and Rosfinmonitoring revealed the existence of a ‘know your crypto customer’ system pilot, that aims to link the fiat operations of crypto users with their blockchain actions. The pilot, which has been ongoing since 202...

Bank of Russia and Rosfinmonitoring Reveal Fiat-to-Crypto Tracking System Pilot – Regulation Bitcoin News - Bitcoin.com News

Bank of Russia and Rosfinmonitoring Reveal Fiat-to-Crypto Tracking System Pilot – Regulation Bitcoin News& & Bitcoin.com News

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

Analysts are pondering the effects of the approval of the Rebuilding Economic Prosperity and Opportunity (REPO) Act by the U.S. House. The execution of seizures for over $6 billion of Russian assets held in U.S. institutions would “supercharge&...

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

Amid ongoing global tensions, the price of gold remains robust at $2,391 per troy ounce, while bitcoin continues to trade at a 12% deficit from its peak value. Recently, the U.S. House of Representatives approved a series of funding bills for Ukraine...

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

Chairman of the Russian State Duma Committee on the Financial Market Anatoly Aksakov stated that digital financial assets, issued by institutions regulated by the central bank, could replace fiat channels for international settlements. Aksakov also a...

Binance, CommEX and Others in Sanctioned Russia

submitted by /u/KingSash [link] [comments]

Bank of Russia Supports Cryptocurrency Usage for International Settlements

The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in...

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

Elvira Nabiullina, head of the Russian central bank, has stated that the mass launch of the digital ruble will take five to seven years. This appears to contradict recent suggestions by the chairman of the State Duma Committee on the Financial Market...

US Treasury official targets Tether USDT stablecoin in Russian sanction evasion

submitted by /u/RadonRanger1234 [link] [comments]

Bank of Russia: Russians Transacted $51 Billion in Crypto During 2023

The Bank of Russia noted that Russian nationals transacted $51 billion (4.78 trillion rubles) in crypto during 2023. According to an annual report issued by the bank, its investigations found that volume flows equivalent to the number, especially in...

WSJ: Russia using cryptocurrency to avoid sanctions

submitted by /u/KI_official [link] [comments]

UK, US Probe $20B in USDT Transfers by Sanctioned Russian Crypto Exchange

The U.K. and the U.S. are reviewing tether transactions, valued at $20 billion, processed by the sanctioned cryptocurrency exchange Garantex. Digital currency transactions and crude oil sales are believed to be a significant source of foreign currenc...

I'm looking for the Russian version of the Bitcoin Standard book

I want to buy this book for my wife and russian is her native language. I've been googeling some shops but they are out of stock. Is there a fu bitcoin subreddit discord or anything where i can get in contact with someone? submitted by ...

US, UK Probe $20B Crypto Transfers Linked to Russian Exchange: Report

Authorities from the US and the UK are investigating cryptocurrency transactions passing through Russian exchanges. Recent revelations have suggested that over $20 billion in crypto transfers have been flagged for investigation.According to a report...

US, UK look into $20 billion USDT entering sanctioned Russian exchange

submitted by /u/LinguiniN00dle [link] [comments]

Russia to Clarify Cryptocurrency Mining Gray Areas, Including Payments

Anton Siluanov, the finance minister of Russia, is prepared to discuss the gray areas surrounding cryptocurrency mining and the use of its proceeding for payments. In a recent lecture, Siluanov stated that the government needed to agree “on wha...

Russia Discusses Testing Digital Ruble for Budget Payments

The Central Bank of Russia and the Russian treasury are considering testing using the Russian CBDC, the digital ruble, to complete budget settlements. The tests would involve using this CBDC to make payments to businesses and citizens and receiving p...

Russian Crypto Firms Face Sanctions By US Treasury For “Supporting Evasion”

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a new round of sanctions on crypto-related companies linked to Russia. The measure is part of the US government’s efforts to combat OFAC-designated entities from ev...

US sanctions 13 crypto firms for alleged involvement with Russian banks