Bitcoin News / Bitcoinist - 1 year ago
Following Russia’s invasion of Ukraine, the US Department Of Justice (DOJ) has been applying sanctions to stop financial institutions from facilitating Russian residents. In its recent actions, many financial firms, including crypto companies,...
Bitcoin News / Bitcoin.com - 1 year ago
Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the launch...
Bitcoin News / Bitcoin.com - 1 year ago
The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the...
Bitcoin News / Bitcoinist - 1 year ago
One of the reasons regulators frown at crypto transactions is anonymity. For instance, with crypto mixers such as Tornado Cash, crypto users can send and receive money without compromising their personal information.
Unfortunately, this system also...
Bitcoin News / Bitcoin.com - 1 year ago
A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurren...
Bitcoin News / Bitcoin.com - 1 year ago
Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The platform is restricting access to peer-to-peer (P2P) transactions in U.S. dollars and euros for traders based in...
Bitcoin News / Bitcoin.com - 1 year ago
Internet users in Russia have been targeted in an email campaign advertising the launch of an alleged cryptocurrency issued by the state. Potential victims are encouraged to follow a link to the website of the fraudulent investment scheme, security e...
Cryptocoins News / Blockchain - 1 year ago
The Russian Association of Crypto Industry and Blockchain (RACIB) has written an open letter to President Vladimir Putin urging him to address the risks of delayed cryptocurrency regulations in Russia. The letter argues that Russia has been too slow...
Cryptocoins News / The Cointelegraph - 1 year ago
Russia’s existing regulatory stance on the cryptocurrency industry would potentially lead the country to “direct financial losses,” the RACIB argued. As Russia continu...
Bitcoin News / Bitcoin.com - 1 year ago
The organization representing Russia’s crypto and blockchain sector has urged Vladimir Putin to spur regulatory efforts. The association fears the Russian Federation may lag behind other nations if it maintains its conservative approach towards new f...
Bitcoin News / Bitcoin.com - 1 year ago
Three Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. In addition, the court has also ordered them to fully compensate the victim for the damages, prosecutor...
Cryptocoins News / The Cointelegraph - 1 year ago
The transaction was performed through the Masterchain blockchain platform, which is the Russian national blockchain network. Moscow Credit Bank has issued a blockchai...
Bitcoin News / Bitcoin.com - 1 year ago
A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that demand for yuan payment...
Bitcoin News / Bitcoin.com - 1 year ago
Russian marketplaces on the dark web have continued to operate despite Western sanctions and efforts to shut them down, according to a report accessing the illicit blockchain space amid the world’s “first crypto war.” Ransomware actors and high-risk...
Bitcoin News / Bitcoinist - 1 year ago
According to a research by blockchain analytics firm Inca Digital, popular crypto exchanges Huobi and KuCoin have been criticized for not adhering with sanctions placed on Russia as a result of its invasion of Ukraine.
Inca Digital revealed that the...
Bitcoin News / Bitcoin.com - 1 year ago
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in pee...
Cryptocoins News / EthereumWorldNews - 1 year ago
Huobi and KuCoin are reportedly processing transactions tied to sanctioned Russian banks.& Customers are able to trade on the crypto exchanges using debit issued by the sanctioned banks.& Tether is reportedly used by both exchanges to cater...