Russia News and Articles

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...

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...

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...

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...

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...

According to Ripple CEO Brad Garlinghouse, the Russian authorities will not be able to use digital currencies to circumvent financial sanctions. Talks about the use of such tools in states under sanctions pressure have been going on over the past few years. For example, Iran has repeatedly stated...

Animoca Brands, leading gamification, blockchain, and AI company makes its services unavailable for Russian users as the number of sanctions against the country is increasing for invading Ukraine. In an interview with Bloomberg, Animoca co-founder Yat Siu said that the step will affect subsidiaries...

The American crypto company Coinbase, which owns the bitcoin exchange of the same name, announced the end of servicing Russian investors. Another marketplace, Kraken, said it was ready to follow the same path. However, it needs an order from the relevant supervisory authorities, said its CEO, Jesse...

The Russian government confirmed the proposed Minfin concept of regulating the crypto industry. According to the official announcement by the government, the industry will be regulated to ensure investor protection. Thus, cryptos will be integrated into the financial system. The government...

Anton Siluanov, Russia’s Minister of Finance finds that crypto should be regulated and not forbidden. As local media informs, the politician wrote a letter to the PM, Mikhail Mishustin and proposed to legalize crypto trading via banks. Previously, the Bank of Russia issued a paper, suggesting a...

The president of Russia, Vladimir Putin does not totally agree with the position of the country's Central Bank that crypto mining and trading should be banned. Today, during the meeting with the government members, Putin talked about crypto regulations. Referring to the paper released recently by...

In November 2021, as part of the implementation of the CBDC concept, the Bank of Russia announced tests of a platform for transactions with the crypto ruble. As Deputy Chairman of the Central Bank Olga Skorobogatova noted, the regulator, together with several largest banks, intends to implement the...

Today Russia’s Central Bank issued a report on the crypto industry, trends, risks, and regulations. The regulator announced its plans to enhance regulations on unbanked cryptos and stablecoins. The institution proposes a full crypto ban, including issuance and operations. It also offers to...

Russia’s Central Bank considers forbidding crypto investments, two financial market sources standing close to the institution told Reuters. As the report informs, the regulator assumes that an increasing number of crypto transactions presents risks to financial stability. In 2020, Russia gave...

At the end of the summer, American law enforcement officers confiscated about $ 2.3 million in digital currency from a hacker from Russia. The criminal is currently in the territory of the Russian Federation. We are talking about Alexander Sikerin, who may be associated with the REvil hacker group,...

The management of the Bank of Russia strongly opposes the recognition of bitcoin as a legal payment instrument. The head of the Central Bank Elvira Nabiullina, periodically confirms her tough position and calls BTC a fraud and a financial pyramid. Soon, the regulator promises to publish its...

The State Duma of the Russian Federation together with Ministries of Economic Development, and Energy are considering legalizing and regulating the crypto mining sector in the country. According to the press release published by the news provider Izvestia, the authorities find this will be...

Several Russian laws and codes will be amended in connection with the launch of the digital ruble. The CB of the Russian Federation noted that the necessary amendments and a roadmap for the implementation of the asset are going to be developed based on the results of testing a model of the digital...