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The U.S. Treasury Department has imposed sanctions on crypto addresses associated with Russia’s Garantex in its latest action against the Houthis and their funding operations. The U.S. Department of the Treasury’s Office of Foreign Assets Control has imposed sanctions on…
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The Bank of Russia is reportedly pushing back the digital ruble’s launch to mid-2026 as banks face hurdles in migrating from foreign software amid sanctions. Russia‘s central bank, the Bank of Russia, is considering delaying the full launch of its…
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While Western darknet markets faltered, Russian platforms dominated Bitcoin and TRON drug sales, analysts at TRM Labs say. Darknet marketplaces saw a slight revenue bump in 2024, bringing in over $1.7 billion, with Russian-language platforms still leading the way in…
Feature
The current status of crypto in Russia is far from loose—let's look at the current ambiguity surrounding new rules and regulations.
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Hackers are exploiting vulnerabilities in Russian smart homes to create botnets, using the infected devices to mine cryptocurrency and launch DDoS attacks. Hackers are reportedly exploiting vulnerabilities in Russian smart homes to mine cryptocurrency and carry out cyberattacks, Russia’s state-controlled…
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Russia is considering a plan to direct confiscated cryptocurrency into a special fund, with proceeds from its use allocated to social initiatives. Yevgeny Masharov, a member of the Public Chamber of the Russian Federation, expressed support for the proposal, which…
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Garantex, a Russian crypto exchange sanctioned by the US, is reportedly back in business under a new name, Grinex, after moving funds and users to the platform. A report from Swiss blockchain analytics firm Global Ledger claims that Garantex has…
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The Central Bank of Russia has piloted a testing program in the Tatarstan region to test smart contracts for the digital ruble. The Central Bank of Russia has approached the Tatarstan region with a proposal to help pilot the digital…
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Brazil seems to favor blockchain for BRICS cross-border trade, moving away from talk of a joint currency. Brazil may be exploring blockchain to improve BRICS — which includes Russia, India, China, along with other members — trade transactions, with the…
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The digital ruble’s rollout is facing challenges, with 30% of Russian banks unprepared due to outdated infrastructure and reluctance to comply with the central bank’s CBDC plans. A recent survey conducted by tech firm Flant and Diasoft found that around…
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Russian oil firms are using Bitcoin, Ethereum, and stablecoins to convert Chinese yuan and Indian rupees into roubles for trade as Western sanctions persist. Faced with Western sanctions, Russian oil firms are actively turning to cryptocurrencies to move money between…
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The Russian Ministry of Finance says it’s working to regulate crypto by rolling out national infrastructure that would move the local crypto market out of the gray area. Russia‘s Ministry of Finance is stepping up efforts to bring crypto into…
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The Bank of Russia has submitted proposals to the government to establish a regulated framework for cryptocurrency investments under a three-year experimental legal regime. The initiative, following directives from the Russian president, would permit a restricted group of investors to…
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Sanctioned crypto exchange Garantex has shut down its services shortly after Tether froze nearly 2.5 billion in worth of USDT in Russian rubles. Russia‘s largest and sanctioned cryptocurrency exchange Garantex has temporarily shut down all of its services after Tether…
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Tether
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Russia mulls experimental cryptocurrency trading for top-tier investors, with a $250,000 minimum asset holding. Russia is exploring the idea of launching experimental cryptocurrency trading for top-tier investors, a move that would allow a select group to participate in the cryptocurrency…
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The U.S. Treasury sanctioned an Iranian national for operating Nemesis, a darknet drug marketplace, and blacklisted almost 50 crypto addresses tied to it. The U.S. Treasury has taken action against Behrouz Parsarad, an Iranian national behind Nemesis, a darknet marketplace…
