RUSSIA
Pro-Russian Group Raises $400K in Crypto to Support Russian Military Actions
Pro-Russian groups are raising funds through cryptocurrencies to support Russian military operations as the Russian-Ukrainian war continues.
Russia Plans to Use Digital Rouble In Settlements with China, Says Lawmaker
Russia used to resist legalizing crypto. However, it is now willing to embrace the use of cryptocurrency for cross-border payments due to geopolitical tensions.
Moscow Exchange Drafts Bill to Offer Digital Financial Assets and Securities Trading
According to local media reports, Russia’s Moscow Stock Exchange (MOEX) is drafting a bill aimed at making digital assets available for trading on the stock exchange as securities and directly as digital financial assets.
Russia to Permit Partial Bitcoin Mining
Despite the back-and-forth stance toward crypto in Russia, serval Russian departments have reached a consensus that Bitcoin mining should be legalized in areas rich in electricity.
Russian Crypto Startup InDeFi to Launch Ruble Stablecoin following DAI Model
The new stablecoin project has no connection with the Bank of Russia’s digital ruble. The stablecoin will be pegged to ruble fiat currency.
Russia Collaborates With Other Countries to Setup Stablecoin Cross-border Clearing Platform
Russia is already working with several countries to establish clearing platforms for cross-border settlements of stablecoins, according to the state-backed TASS news agency.
Russian Finance Ministry on Track to Legalize Crypto for Cross-Border Payments
The current economic landscape in Russia is forcing both the Central Bank and the Ministry of Finance to rethink their approaches to cryptocurrencies.
UK Requests Crypto Exchanges to Report Suspected Sanction Breaches
The UK authorities have introduced the new rules in response to Russia’s invasion of Ukraine. The regulations cover all valuable digital assets.
Russian PM Considers Digital Assets for Cross Border Payment
Mikhail Mishustin, the Prime Minister of Russia, has hinted at the need to incorporate digital assets into the country’s economy as a way to ensure sustainable payment for goods and services in international trade.
Japan's Financial Giant SBI Group to Shut Down Crypto Mining Operations in Russia
Japanese financial giant SBI Group announced that it will shut down its crypto mining operations in the entire country of Russia.
Russian Sberbank Conducts First Digital Asset Trade on its Blockchain Platform
Sberbank expects digital assets trading to be rolled out to the bank’s customers later this year.
Russia Mulling the Idea to Build a Crypto Platform on the Moscow Stock Exchange
Russian lawmakers are mulling the idea that the government could create a cryptocurrency trading platform that will be an offshoot of the Moscow Stock Exchange.
Russia’s Central Bank Makes U Turn about Crypto Usage in International Payments
As a change of tune, Russia’s central bank is relieving its previous tough stance about cryptocurrencies by allowing their usage in international payments, as reported by Reuters.
Binance Scores Big Win as Newly Licensed Exchange in Italy
Binance cryptocurrency exchange has just scored a big win as its Italian offshoot, dubbed Binance Italy, has received approval to operate in the country by the Organismo Agenti e Mediatori (OAM).
Russia Mulling Crypto for Cross-Border Payments
Russia is reportedly mulling the plans to allow cryptocurrencies for cross-border payments as on one of the survival measures explorable as the country continues to battle sanctions from the West for its invasion of Ukraine