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Russia

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29 May 23

Lawmakers say Russia won’t develop state-owned crypto exchange

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Russian lawmakers have opted not to continue with plans to develop a state-owned crypto exchange. According to a regional newspaper, Izvestia, Russian lawmakers have scrapped plans to institute legislation that would allow the government to build a crypto platform. Instead, the […]

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08 May 23

Crypto miner migration could give Russia control over 18% of bitcoin hashrate

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Analysts predict that increasing regulatory pressure, energy costs and tax burden, in countries such as the U.S. and Kazakhstan could lead to a new migration of crypto miners to Russia. The analysts suggest that Russia has the potential to increase its […]

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06 May 23

US DoJ reportedly investigating Binance for violating sanctions against Russia

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance is reportedly under investigation by the United States Depart of Justice (DoJ) Department’s national security division over suspicions of illegally allowing Russians to evade sanctions and move money through the exchange. Binance accused of breaching Russian sanctions According to five […]

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24 Apr 23

Russia ascends to second place in the global bitcoin mining race

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a dramatic shift in the global landscape of cryptocurrency mining, Russia has surged ahead to become the world’s second-largest bitcoin (BTC) mining hub, with the US maintaining its position as the leader. This development has significant implications for investors, businesses, […]

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19 Apr 23

Binance claims to comply with sanctions against Russia

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In response to recent reports that Binance has removed restrictions on crypto accounts held by Russian nationals and entities exceeding €10,000 ($12,000), a spokesperson for the world’s largest cryptocurrency exchange has reiterated the platform’s commitment to international sanctions compliance. Binance follows […]

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31 Mar 23

Pussy Riot’s Tolokonnikova wanted in Russia for ‘offensive’ NFT

In a gripping development, Russia’s Interior Ministry has reportedly added Nadya Tolokonnikova from Pussy Riot to its list of wanted persons. The specific criminal offense prompting this action remains unclear. However, earlier this year, Russian authorities initiated an investigation into Tolokonnikova for “insulting the religious feelings of believers” – an act now carrying criminal consequences […]

SatoshiChain Brings Bitcoin to DeFi01

22 Mar 23

Russia will use Chinese yuan for transactions, avoiding sanctions

A shift in the digital currency environment may occur due to Russia’s latest decision to utilize the Chinese yuan instead of the U.S. dollar in trade settlements with nations in Asia, Africa, and South America. Despite Russia’s choice having nothing to do with the digital yuan, still, it may increase the digital yuan’s exposure and […]

Pro Russian military groups are using cryptocurrency to raise funds Blockchain intelligence firm

11 Jan 23

Russia pushes foreign CBDC transactions as sanctions tighten

Amidst continuous sanctions imposed on Russia for its invasion of Ukraine, the country is accelerating its CBDC program. According to the Jan. 9 report, Russia’s central bank will research two potential cross-border settlement solutions as part of its intentions to move forward with the country’s digital ruble in the first quarter of 2023. The first […]

Russias Former President Dmitry Medvedev Banning Crypto May Lead to the Opposite Result

01 Jan 23

Draft legislation for the digital Ruble forwarded by legislators in Russia

A group of Russian legislators, headed by Anatoly Aksakov, Chairman of the Financial Market Committee, have proposed draft legislation to create the digital Ruble that the Bank of Russia will issue. The bill outlines the necessary changes to establish the conditions for introducing the central bank-backed currency (CBDC). The proposed draft legislation According to reports, the main […]

01 Jan 23

Former president of Russia says collapse of global financial system will accelerate crypto adoption

Dmitry Medvedev, the former President of Russia, believes that a worldwide financial collapse will result in widespread acceptance of cryptocurrencies. He predicts that both the US dollar and the euro will become less influential as reserve currencies. In a December 26 thread on Twitter, Dmitry Medvedev said the failure of the Bretton Woods monetary control […]

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