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Is there a crypto thaw in Russia and why?
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Russia’s crypto mining sector is booming, with demand for equipment tripling in just a year. What’s behind this rapid growth? According to a latest report from the Russian news agency PRIME, in Q4 2024, Russia saw a threefold increase in…
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The U.S. Department of Justice has indicted three Russian nationals for operating sanctioned crypto mixers allegedly tapped by North Korean criminals.
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The Russian government has approved a bill regulating the taxation of crypto transactions. What will now change in the country’s tax base? The Russian government has passed a bill regulating cryptocurrency taxation. Prepared by the Ministry of Finance, the bill…
BTC
Bitcoin
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Throughout the years, Russia has been sending conflicting signals over its relationships with cryptocurrencies. Lately, the Kremlin seemingly started to embrace crypto. Is this actually the case? Early crypto regulations in Russia Until the 2020s, cryptocurrency in Russia had effectively…
BTC
Bitcoin
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State Duma lawmaker Adam Delimkhanov says crypto miners in Chechnya will be equated with terrorists, following the ban on cryptocurrency mining in several regions in Russia starting in January 2025. According to Russian news outlet Tsargrad TV, Delimkhanov stated that…
BTC
Bitcoin
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Ukraine is gearing up to block Russia’s use of Bitcoin and other cryptocurrencies in foreign trade, with sanctions already in the works. The government of Ukraine has unveiled plans to impose “sanctions and other solutions” aimed at blocking Russia‘s use…
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The Bank of Russia has approved a new rule that will allow banks to block operations with digital rubles for days if they appear to be linked to fraud. The Bank of Russia has introduced new rules requiring banks to…
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Russia’s central bank is set to develop a new platform that would help it crack down on illegal crypto OTC services and suspicious financial activities. The central bank of Russia is reportedly planning to create a new platform aimed at…
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Russia's Gov't has published a draft resolution on banning or providing restrictions on mining locally. The ban will take effect on Jan. 1, 2025, and run until Mar. 15, 2031.
BTC
Bitcoin
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Elvira Nabiullina, Governor of the Central Bank of Russia, reaffirmed the institution’s position against the use of cryptocurrencies for domestic payments. Speaking at a recent press conference, Nabiullina stated, “We continue to believe that cryptocurrencies should not be used as…
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Former Binance CEO Changpeng ‘CZ’ Zhao creates a thread on X, showcasing news headlines that point to governments establishing strategic Bitcoin reserves, much like the plans introduced in the U.S. In a recent post, CZ shared a headline that showed…
BTC
Bitcoin
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The Bitcoin strategic reserve has been an intensive issue in the past few months since Donald Trump announced these plans to the crypto community; now Russia has followed. Anton Tkachev, Duma state deputy of Russia, has urged the Minister of…
BTC
Bitcoin
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Despite Bitcoin’s recent surge past $100,000, investors in Russia doubt the crypto will hit the $200,000 mark anytime soon. Bitcoin’s (BTC) rise past $100,000 has sparked excitement, though Russian investors aren’t counting on it hitting $200,000 this cycle, according to…
BTC
Bitcoin
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Russian President Vladimir Putin reiterated support for Bitcoin and digital assets as the European powerhouse approached greater crypto adoption.
BTC
Bitcoin
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Russian President Vladimir Putin has signed into law a federal bill introducing taxes on cryptocurrency transactions and officially recognizing cryptocurrencies as property. According to the official document published on Nov. 29, the legislation imposes a personal income tax of 13%–15%…
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Russian crypto holdings on centralized exchanges still worth billions despite volatility, Bank of Russia reveals. Russian crypto holdings on centralized exchanges still amount billions despite nearly a 16% decline comparing to March’s figures, per the Bank of Russia’s latest report.…
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