Russian cryptocurrency miners who want to escape prosecution by the state will be required to file tax returns. This would include detailing their earnings and providing authorities with information about their digital assets, including wallet addresses. That’s what the Moscow government is considering doing, at least in terms of a
Yandex, the most popular search engine in Russia, now offers its users data on more than 140 of the most widely used cryptocurrencies in addition to information on the currencies of dozens of other nations. The newest update to the business’s currency converter now includes cryptocurrency rates, the company said.
As of April 1, 2023, the first consumer pilot of Russia’s central bank digital currency (CBDC) will be introduced by the Bank of Russia. According to Russia’s first deputy governor Olga Skorobogatova, digital ruble transactions involving 13 regional banks and many retailers will be introduced by the Russian central bank.
Interfax reported that Moscow-based state-owned financial services provider Sberbank is developing a decentralized finance (DeFi) application. According to Konstantin Klimenko, head of products for the blockchain lab at Sberbank, the platform is now under closed beta testing. Based on Ethereum, the platform will be compatible with the Web3 wallet MetaMask.
An organization called Kraken, not to be confused with the well-known cryptocurrency exchange of the same name, has hacked into Solaris, a major marketplace for narcotics and other illegal items. Solaris reportedly gained between 20% and 25% market share after authorities shut down Hydra, the prior leader in this sector,
According to reports, the Russian government and the Central Bank of Iran are discussing the possibility of forming a collaboration to develop a new stablecoin that may simplify cross-border transactions. The value of the token will be tied to that of gold. Vedomosti, a Russian news site, claims that officials
Draft legislation on the digital ruble, the CBDC issued by Russia’s monetary authority, has been submitted by a group of Russian legislators headed by the Chairman of the Financial Market Committee Anatoly Aksakov. Moreover, the paper proposes amendments to the law that would pave the way for its implementation. The
Reports indicate that Alex Holden is a Ukrainian-born cyber intelligence professional. Emigrated to the United States from Kyiv as a youngster in the 1980s. Now resides in Mequon, Wisconsin, and claims to have hacked into Solaris, one of Russia’s major online drug marketplaces. His Hold Security crew helped him steal
The Bank of Russia intends to evaluate the use case of cryptocurrency for international payments within the regulatory sandbox framework. Olga Skorobogatova, the first Deputy Chairperson of the central bank stated this on Monday as per Tass. Skorobogatova stated that “They are currently preparing to test the use of cryptocurrency
A key figure in the organization of Russia’s greatest financial pyramid in recent years, Finiko, has been arrested in the United Arab Emirates. After the arrest of Zygmunt Zygmuntovich. The other co-founder of the Ponzi scam, last month, news of Edward Sabirov’s incarceration in an Arab nation comes as a
