$400,000 have been raised since the beginning of the invasion in February. The entity bought things like survival gear and ordinary military gear. According to an analysis by blockchain intelligence company TRM Labs, pro-Russian organizations are using crowdfunding campaigns. In order to raise a substantial quantity of Bitcoin and other
Formerly, Russian citizens were permitted to hold up to 10,000 Euros in crypto. More billionaires, top military leaders, and propagandists have been sanctioned. The European Council of the EU issued the eighth round of sanctions on Russia on Thursday. All cryptocurrency wallets, accounts, and custody services are now illegal for
Roskomsvoboda, a Russian NGO keeping tabs on web censorship, reports that the OKX cryptocurrency trading website has been banned in the country. OKX is based in Seychelles. According to Roskomsvoboda’s blacklist database. The IP addresses associated with Okx.com were banned after a decision from the prosecutor general’s office (No. 73/3-105-2022).
Mining companies in Kazakhstan will allow using the Russian power supply for their activities. Due to electricity shortage, almost 200 firms were shut down in Kazakhstan last year. Russia is prepared to provide Kazakhstan with the extra electricity needed to operate the nation’s crypto mining plants. With the assistance of
On Monday, Snowden officially became a Russian citizen. Snowden has been an advocate of BTC and has been involved in development of Zcash. U.S. cyberattacks and abroad surveillance operations have continued for over a decade after whistleblower Edward Snowden revealed the US government’s extensive surveillance infrastructure to spy on Americans
Russia is preparing to allow international cryptocurrency payments. Moscow is now rushing to pass regulations governing the issuance, circulation, and use of digital currencies. Russian authorities announced this week that they had begun developing a mechanism for cross-border settlements with crypto assets, to reduce sanctions pressure on the Russian economy
DFA receipts may be exchanged as securities as per the proposal. Those who aren’t ready to engage with distributed ledgers can benefit from this. In order to allow depositories to issue receipts for digital financial assets (DFAs). Russia’s primary equity and derivatives market has proposed new laws. Under the lack
The Russian Ministry of Finance and its central bank have agreed on a proposed law. Crypto mining should be restricted to areas with plenty of available electricity. According to a report from the Russian news agency Tass. The Russian Ministry of Finance and its central bank have agreed on a
The Russian government has entrusted the Central Bank and the Ministry of Finance. Vladimir Putin emphasized Russia’s potential as a currency minting destination. To help shape the future of the digital financial asset (DFA) market in the Russian Federation, Prime Minister Mikhail Mishustin has instructed the Ministry of Finance to
The major aim will be to reduce the harmful impact of sanctions. Proposals to legitimize the use of digital financial assets in negotiations. Rostec, Russia’s biggest industrial and technological corporation, is getting ready to launch a project to include cryptocurrencies in international commerce. The major aim will be to reduce
