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Russia News and Articles



Vladimir Putin crypto law

Vladimir Putin Approved a Bill to Ban Crypto Payments

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The president of Russia, Vladimir Putin approved a law that makes cryptocurrency payments not legal in the country. According to the statement, the Ruble is the only accepted monetary unit in Russia. The new law defines that digital assets and rights aren’t accepted as monetary surrogates any...

Japan Russia crypto

US Calls for Japan to Pressure Crypto Miners to Cut Ties with Russia

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The USA urged Japan to put pressure on the country's cryptocurrency exchanges and miners to cut links with Russian crypto operators as a part of Moscow's financial isolation. US diplomats made the request related to the officially licensed crypto exchanges that are operating in Russia. A report by...

BitMex

BitMEX will stop serving Russian users in the EU

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As part of complying with the sanctions legislation of the European Union, the BitMEX cryptocurrency exchange has decided to stop serving Russian users. Over the past few months, many large trading platforms have banned citizens of the Russian Federation from making transactions with digital...

Binance Russia crypto limits

Binance Puts Some Limits on Services for Russian Users

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Major crypto exchange Binance revealed limiting services for Russian users after the European Union's new package of sanctions. The company said that it is required to limit services for natural persons and legal entities in Russia that hold crypto assets worth over 10,000 euros (equal to...

Russia banks crypto wallets

Russian Banks Consider Banning Self-Custody Crypto Wallets

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ARB (Association of Banks of Russia) has suggested banning the use of non-custodial wallets for storing cryptocurrencies. This means that users will need to use traditional exchange accounts. ARB also suggested criminalizing the behavior of not providing wallet private keys to licensed agencies. ...

Russia crypto bill

Russia to Legalize Digital Currencies

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Russia’s Ministry of Finance revealed that it finalized the bill "On Digital Currency." The updated bill includes clarification on crypto trading and mining. Thus, the bill suggests forming regulations for the crypto sector. According to the document, digital currencies can be accepted...

Russia gas bitcoin

Russian Duma Considers Selling Gas and Oil for Bitcoin

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Pavel Zavalny, the head of the Russian Gas Society, said the country allows the possibility of accepting Bitcoin as a means of payment for the export of natural resources. In a press conference, he suggested that the conditions of export may be different for various countries depending on their...

Binance

Binance continues to restrict opportunities for Russian traders

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In early March, the Binance administration announced that the company would not leave the Russian market. However, the exchange will limit the service to users as part of compliance with the sanctions legislation. This week it became known about new restrictions on investors from the Russian...

Russia USA

US authorities may block Russian users of crypto exchanges

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As part of compliance with the sanctions policy, the American leadership is preparing a bill that prevents the use of cryptocurrencies by Russian individuals and legal entities. A bill developed by a group of senators, which included Elizabeth Warren, who advocates strict crypto regulation, was...

Russia

DEX aggregator Matcha blocked transactions from Russian IP addresses

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The aggregator of decentralized exchanges Matcha has deprived users with IP addresses from Russia of the opportunity to make transactions. The original message "trading from Russia is not supported" was later changed to "region is not supported". A similar message can be seen by...

Russia

Japanese crypto exchanges and services will stop serving Russians

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Against the backdrop of increased sanctions pressure and limited access to dollars and euros, the interest of citizens and companies in cryptocurrencies has sharply increased in Russia. Bitcoin exchanges have recorded an increase in investment in both Bitcoin and stablecoins. At the beginning of...

Bitcoin

The USA will stop the circumvention of Russian sanctions with BTC

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Senator Elizabeth Warren is drafting a bill to make it harder to circumvent economic sanctions with digital currencies. This politician represents the camp of supporters of strict crypto regulation in the American establishment. She has repeatedly demanded from Congress and the government to...

Trezor hardware

Satoshi Labs has stopped deliveries of Trezor hardware wallets to Russia

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Against the backdrop of the war in Ukraine, the Czech company Satoshi Labs has suspended the supply of Trezor hardware crypto wallets to the Russian Federation. It is reported by NBC News. “We do not deliver to Russia,” said company representative Christina Mazankov. According to her, the...

Coinbase blocks 25,000+ Russian users

Coinbase Blocks Over 25,000 Russian Accounts

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Leading crypto exchange Coinbase announced blocking over 25,000 addresses that belong to Russian users. The company believes that the users were engaged in illegal activities. An article by the Chief Legal Officer of Coinbase, Paul Grewal, states that the platform is committed to complying with...

Brian Armstrong

Coinbase CEO ruled out blocking all Russian users

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At the end of last week, crypto exchanges announced their withdrawal from the Russian market. The American platform Coinbase was also on this list. Last Tuesday, the press service of this company explained its situation. It reassured the Russians and stressed that the exchange would not block all...

Russia

The CB of Russia didn't soften the attitude towards BTC

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The Bank of Russia still advocates a complete ban on the circulation and mining of cryptos. This was stated by the head of the expert group of the Department of Financial Technologies of the CB of the Russian Federation Maria Telegina. The sanctions did not force the regulator to reconsider its...

Binance

Binance exchange limited service for Russian traders

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This week, many cryptocurrency exchanges have announced that they are no longer serving Russian users. Only the Binance platform has stated that it will not leave the Russian market but plans to comply with the sanctions imposed on the country. At the end of this week, it became known that the...

European Union Russia crypto

EU Acts To Prevent Russia’s Avoiding Sanctions Through Crypto

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The European Union is considering new measures to make sure that Russia can't use digital assets to circumvent economic sanctions. During a video call held on March 2, EU finance ministers and other officials discussed the risks that digital assets could allow Russia to bypass restrictions. The...

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