Latest News on RUSSIA

News

Russia largest bank is moving forward with the plan

Sberbank, Russia's biggest bank, will begin open DeFi platform testing in April 2023.

Zach Anderson

Feb 05, 2023

| 0 Min Read

#RUSSIA #ETHEREUM #SBERBANK #DEFI #METAMASK

News

Binance shuts down accounts in relation to Bitzlato investigation

The U.S. Department of Justice announced action against Binance, which blocked accounts due to the Bitzlato probe.

Jessie A Ellis

Jan 31, 2023

| 0 Min Read

#BITCOIN #RUSSIA #BUSINESS #CRYPTOCURRENCY EXCHANGE #BINANCE

News

Binance linked to illegal cryptocurrency platform Bitzlato

Binance is related to Bitzlato, according to FinCEN. The obscure platform collected $206 million from darknet marketplaces, $224 million through frauds, and $9 million from ransomware perpetrators.

Zach Anderson

Jan 21, 2023

| 2 Min Read

#BITCOIN #CRYPTOCURRENCIES #RUSSIA #FINCEN #BINANCE #REGULATION

News

Allegations of fraud against Compass Mining after company cuts ties with Russian

Compass Mining customers are suing for $2 million for fraud. The firm terminated connections with Russian hosting provider Bit River and didn't restore clients' Bitcoin machines. It cut connections with Bit River over non-applicable US sanctions.

Rebeca Moen

Jan 20, 2023

| 0 Min Read

#BITCOIN #CRYPTOCURRENCIES #RUSSIA #MINING #LAW #BUSINESS #BITCOIN PRICE #PAYMENTS #BITCOIN MINING #SANCTIONS #REGULATION

News

U.S. sanctions: Customers suing Compass Mining

Compass Mining customers are suing for $2 million for fraud. The firm terminated connections with Russian hosting provider Bit River and didn't restore clients' Bitcoin machines. It cut connections with Bit River over non-applicable US sanctions.

Luisa Crawford

Jan 20, 2023

| 2 Min Read

#BITCOIN #CRYPTOCURRENCIES #RUSSIA #MINING #LAW #BUSINESS #BITCOIN PRICE #PAYMENTS #BITCOIN MINING #SANCTIONS #REGULATION

News

Iran and Russia Seek A Gold-Backed Stablecoin

Iran and Russia are planning a gold-backed cryptocurrency. In Astrakhan, Russia began accepting Iranian goods, a stablecoin would function. Instead of utilizing dollars, rubles, or rials, the initiative would allow cross-border transactions.

Terrill Dicki

Jan 16, 2023

| 0 Min Read

#IRAN #RUSSIA #STABLECOIN #PERSIAN GULF AREA

News

Gold-Backed Digital Assets Were Issued By Russia's Biggest Bank

The first gold-backed digital financial assets were issued by Russia's biggest bank, Sber (previously Sberbank) (DFAs). Gold-backed DFAs represent certified monetary rights whose price and volume rely on gold prices. In July, Sber issued three-month assets worth 1 billion roubles.

Rebeca Moen

Dec 27, 2022

| 0 Min Read

#DFAS #SBERBANK #RUSSIA

News

Russian law legalises crypto mining, sales under 'experimental legal system'

Cryptocurrency mining and sale of the cryptocurrency mined could be legal in Russia if a bill is passed by parliament. A Russian platform for cryptocurrency sales will be set up if the law is passed, and Russian miners will be able to use foreign platforms. Russian currency controls and regulations would not apply to the transactions, but they would have to be reported to the Russian tax service.

Terrill Dicki

Nov 19, 2022

| 0 Min Read

#CENTRAL BANK #RUSSIA

Exchanges

Binance Continues to Provide Services to Unrestricted Russians Despite EU Sanction

Binance exchange is still serving nonsanctioned Russian users according to one of its Executives

Godfrey Benjamin

Oct 30, 2022

| 2 Min Read

#BINANCE #RUSSIA #CRYPTOCURRENCY #EU SANCTIONS

Politics

Dapper Labs Restricts Russian-based NFT Accounts, Abides by EU Sanctions

Dapper Labs said it is complying with new sanctions approved by EU member states amid Russia’s continued escalating conflicts in Ukraine.

Nicholas Otieno

Oct 10, 2022

| 3 Min Read

#DAPPER LABS #RESTRICTION #NFT #RUSSIA #EU #SACTION

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