Russia is set to introduce a comprehensive framework for crypto in July, which is one of the most organized efforts by Russia to regulate cryptocurrencies. The government is working to ensure that all crypto-related activities are regulated within a legal framework and do not operate in a gray zone. This
Russia is preparing a new crypto law, which makes people use it in everyday life instead of treating it as a special or experimental asset. This plan was announced by Anatoly Aksakov, who was the head of the financial market committee in the State Duma. Earlier, Russia only allowed crypto
The central bank of Russia laid out regulations allowing non-qualified investors to trade a few cryptocurrencies, as per the policy submitted to the government for review. This proposal will further allow qualified as well as non-qualified investors to trade crypto under different conditions, while keeping a ban on crypto for
The VII Crypto Summit will be the main event of this autumn for the crypto industry! In just 2 weeks, the main crypto event of the autumn will take place in Moscow, which will determine the development of cryptocurrency in Russia for the coming years. More than 10 thousand visitors
The US Treasury Department has sanctioned Russia-based Aeza Group, a major step in the direction of breaking cybercriminal infrastructure. The operation is against a bulletproof hosting service that is accused of facilitating ransomware activities and information theft campaigns in various criminal groups. Major Action Against Criminal Activities The sanctions imposed
The Russian Agricultural Bank is thinking to keep crypto-based tools as an alternative to traditional settlement methods for exporting more than 49.5 million tonnes of grain. This step will help in amalgamating commodities market to digital assets, introducing this use case. Russia is very active in terms of crypto adoption.
Russia’s Central Bank is set to introduce new regulations that could effectively limit Tether (USDT) use within the country. According to experts, trading USDT may no longer be allowed on domestic exchanges due to worries over international sanctions and wallet freezes. However, it seems that using USDT and similar stablecoins
While cryptocurrencies are rapidly revolutionising financial systems, the Society for Worldwide Interbank Financial Telecommunications (SWIFT) is trying to prevent their misuse to circumvent sanctions by Russia and China. At the London Digital Assets Summit on May 6, Tom Zschach, SWIFT’s Chief Innovation Officer, laid out how the company is enhancing
The Finance Ministry and Central Bank of Russia are expectedly to work on introducing a crypto exchange for elite investors under an experimental legal regime. The Russian Media Group RBC reported on April 23 that during a ministry meeting, the Finance Minister of Russia, Anton Siluanov, mentioned that the exchange
With more strict Western sanctions, Russian oil companies are using more and more cryptocurrencies to trade with India and China, Reuters. This reflects the part played by cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and stablecoins like Tether (USDT) in avoiding traditional financial rules. Crypto as a Tool to Trade Russian
