Russia News

Starting Nov. 15, the Binance cryptocurrency exchange will stop accepting deposits in Russian rubles. Withdrawals will continue until Jan. 31, 2024. Users with fiat balances in Russian rubles can transfer funds to CommEX for free, according to the announcement. At…

A Russian-speaking crypto ransomware gang LockBit has attacked ICBCFS arm in the U.S. Cryptocurrency ransomware gang LockBit has attacked the U.S. arm of the Industrial and Commercial Bank of China Financial Services (ICBCFS). Currently, it prevents the bank from settling…

A Russian court has ruled that American crypto exchange Coinbase failed to localize the personal data of its Russian clients. A court in Moscow on Nov. 9 has fined U.S.-based cryptocurrency exchange Coinbase 1 million rubles (nearly $11,000) for failing…

OFAC targets Ekaterina Zhdanova for laundering over $100m via crypto, evading sanctions for Russian oligarchs and aiding ransomware affiliates.

Crypto’s largest centralized exchange reportedly plans to end its partnership with Advance Cash, a Central American-based payment processor facilitating ruble transactions for Binance users.

The web3 protocol said its decision followed legal guidance from the U.S. Treasury while debunking unverified reports of restrictions on non-sanctioned countries.

By tracking crypto transactions, the Russian government seemingly wants to make a regulatory field for state corporations to enter the market.

As narratives about corruption in Ukraine evolve, the Ministry of Digital Transformation hopes blockchain could solve that problem. While Ukraine still ranked the second most corrupt country in Europe, after Russia, it is now exploring new ways to battle corruption…

Russia’s Finance Ministry official hopes that liquidity from the crypto market will help the local business to overcome sanctions pressure. Digital financial assets (DFAs), a tokenized form of traditional financial instruments issued by Russian-only companies, appear to have failed to…

Blockchain analytics firm Elliptic has released new findings that suggest a Russian-linked entity may be behind the high-profile hack of cryptocurrency exchange FTX. The revelation comes as part of an ongoing investigation into the theft of a staggering $477 million…

Russia’s second-largest bourse is ready to be the first in the country to add support for cryptocurrencies. Saint Petersburg Stock Exchange (SPB Exchange) will list a whole set of cryptocurrencies, including Bitcoin (BTC), once the government legalizes the industry, local…

The move is expected to help Russia’s economy evade sanctions and do business bypassing SWIFT. The Bank of Russia has started working on a regulatory framework to allow foreign banks to open accounts to access the digital ruble, Russia’s version…

Russia seems to be making big bets on its digital ruble as Vladimir Putin hopes the digitization would help the country evade U.S. sanctions

Crypto exchanges in Estonia and Latvia reportedly helped Russians circumvent sanctions and convert rubles into other currencies

Russian clients leaving Binance after its exit. CommEX not favored. P2P activity drops by 10-30%

Hong Kong-based OTCs say the region has become a safe harbor not only for crypto multimillionaires but for ordinary people, too.