U.S. Senator Richard Blumenthal publicised a formal Senate inquiry into Binance after the latest news reports unveiled that the world’s biggest cryptocurrency exchange reportedly facilitated around ₹1.7 billion in transactions associated with sanctioned Iranian bodies and Russia’s so-called “shadow fleet” of oil tankers. The ranking member of the Senate Permanent
Russia could begin a large-scale blocking of crypto exchange and major digital asset platform websites that are not officially registered in Russia as early as this summer. This move would restrict access for Russian users to foreign crypto services operating without local authorization, because of the tightening digital asset market
Russian officials say citizens move more than $129 billion in crypto each year outside formal oversight, prompting renewed calls for regulation. At the Alfa Talk conference, Deputy Finance Minister Ivan Chebeskov highlighted the scale of adoption. He said Russian citizens generate roughly 50 billion rubles in daily crypto turnover. That
The Russian central bank has started to reconsider its previous opposition to stablecoins, which is a significant change in the country’s digital assets policy. First Deputy Chairman Vladimir Chistyukhin has confirmed that the Central Bank of Russia will conduct a study on the possibility of issuing a stablecoin in the
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.
