Vladimir Putin, President of Russia, agrees that a new digital payment system is needed for global settlements. According to proponents of the new payment system, no banks nor third parties are necessary to process transactions. This information was leaked to the public by one of the regional media outlets. Distributed
Despite the critical condition of the crypto market, the adoption rates of the crypto industry is growing on a large scale. Even though the market is highly fluctuating, users are showing great interest in crypto space. Witnessing these positive outcomes, Russia is moving forward to launch a “National Cryptocurrency Exchange”
Among Russian banks, VTB Bank is the first to design a prototype that would let customers utilize the digital equivalent of the country’s fiat currency to fund accounts and make transactions using the bank’s mobile app. The bank’s press service indicated that in 2023, certain customers will be given the
Crypto.com had added Russia to the list of nations it would not provide service. Bitmex, another marketplace, will also implement new limits. A number of service providers in the sector have made efforts to comply with the new restrictions imposed around a week after the European Union approved another set
The article also made accusations of “Russophobia” on behalf of the Meta. Meta appealed the decision in a Moscow court. Their appeal, however, was denied. Russia’s conflict with the West has reached a new level of intensity. Federal Financial Monitoring Service Rosfinmonitoring has classified the social networking business Meta as
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
