#russia

Well-known cryptocurrency platforms like Localbitcoins, Blockchain.com, and Crypto.com have begun to limit or terminate services for Russian accounts in compliance with the most recent EU sanctions aimed at Russia. The actions come after ne

Due to their limited access to international finance, Russian businesses have started transacting in cryptocurrencies with their international partners. Even though these are still relatively small payments, government officials have notice

Some restrictions on Russian banks selling dollars and euros to the general public have been loosened by the Central Bank of Russia. Since currency restrictions have been a major factor in driving up demand for digital coins, the country's

With the introduction of a palladium token, transactions involving digital assets backed by precious metals are now possible in Russia. The rare metal is not a publicly accessible asset in the Russian Federation but is used in jewelry and h

The majority of the financial pyramids discovered in 2022 employed cryptocurrencies in some capacity, according to a recent report from Russia's central bank. Russian scammers have increased their operations in response to Western sanctions

According to Yuri Chikhanchin, the agency's head, the Russian financial watchdog Rosfinmonitoring is prepared to accept the use of cryptocurrencies in cross-border transactions. The declaration strengthens the argument for legalizing intern

The legalization of cryptocurrency mining would be supported by the Central Bank of Russia, provided that the earnings from the activity are converted to fiat currency outside of Russia. The regulator's most recent stance on the subject fol

According to the agency's head, Rosfinmonitoring is looking into hundreds of cases involving cryptocurrencies. The top regulator also informed the Russian president that hundreds of thousands of Russians participate in cryptocurrency transa

The Russian parliament has received a bill that would impose monetary fines on those who erroneously issue or exchange digital currency. The legislation was proposed by the author of another bill that would have prohibited using them as a f

In an interview published by the Economic Times on Sunday, renowned investor Jim Rogers discussed the end of the US dollar and the future prospects for cryptocurrency. Rogers is a former business partner of George Soros, with whom he co-fou

Kazakhstan has become the latest country to show an intention of creating its own fiat-based digital asset, following in the footsteps of its former Soviet handlers, Russia. It was announced via the country's government-supported Astana Int

Russia is striving to lead the global blockchain movement, with President Vladimir Putin even eyeing the creation of a national cryptocurrency. But the real work to spur the world blockchain economy is being implemented far beyond the walls