According to EU regulations, Localbitcoins, Crypto.com, and other providers suspend services for Russians.
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
October 16, 2022
Russians can still access cryptocurrency exchanges. Report Unveils New EU Sanctions Despite
Following the most recent round of EU sanctions, a number of cryptocurrency exchanges, including international platforms, did not impose any new limitations on Russian users, according to Russian crypto media. In an effort to put more press
October 13, 2022
Russian businesses are trading in cryptocurrencies despite the absence of regulations, officials admit
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
October 10, 2022
Limitations on Purchasing Dollar and Euro Cash are Relaxed by the Russian Central Bank
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
August 28, 2022
Russia Issues Digital Token to Encourage Palladium Investments
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
July 20, 2022
According to Bank of Russia, more than half of this year's financial pyramids in Russia involved cryptocurrency.
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
July 17, 2022
Bank of Russia is prepared to legalize cryptocurrency mining if miners export coin production
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
July 04, 2022
400 cases involving cryptocurrencies are being looked into by Russia's financial watchdog, the director informs Putin
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
June 30, 2022
Russia has proposed a law that would impose fines for the unauthorized issuance and exchange of digital assets.
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
June 24, 2022