Category: Russia

Investment Fund Focused on Crypto Mining to Be Created in Russia

March 3, 2023 Caden

The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian Crypto Mining Sector to Attract Shareholders Through Investment Fund Work has begun to set…

Bank of Russia, Crypto, crypto mining, Cryptocurrencies, Cryptocurrency, equipment, establishment, fund, Hardware, investment, investment fund, Mining, mutual fund, Regulations, rules, Russia, russian

Briton Wanted by US for Advising North Korea on Crypto Arrested in Russia

February 23, 2023 Caden

A British national wanted with a red notice from Interpol for consulting North Korea on cryptocurrencies has been detained in Moscow. U.S. authorities allege that the man helped the regime in Pyongyang to bypass sanctions using digital assets. U.K. Citizen Sought by U.S. for Violating North Korea Sanctions Apprehended in a Moscow Hostel The Russian…

American, Arrest, Arrested, Blockchain, blockchain technologies, Brit, British citizen, Briton, Crypto, crypto entrepreneur, crypto technologies, Cryptocurrencies, Cryptocurrency, detained, evasion, INTERPOL, News, north korea, pyongyang, Russia, russian, Sanctions, U.S., US

Russia Releases Bitzlato Co-Founder Anton Shkurenko After Questioning

February 12, 2023 Caden

Russian authorities have released the recently arrested co-founder of crypto exchange Bitzlato, said to have processed illicit funds worth millions of U.S. dollars. Anton Shkurenko, who was questioned in Moscow, denies the French charges against him that became the reason for his brief detention. Shkurenko Says Potential Case Against Him in Russia Won’t Interfere With…

Anton Shkurenko, Arrest, Bitzlato, Charges, co-founder, Crypto, crypto exchange, Cryptocurrencies, Cryptocurrency, Europol, Exchange, Exchanges, extradition, France, french, INTERPOL, Prosecutor's, Release, Russia, russian, Shkurenko

Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization

January 7, 2023January 27, 2023 Caden

During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that it is further distancing itself from U.S. dollar dependence by purchasing the Chinese yuan on foreign exchange markets. Roughly around the same…

brics, BRICS national currencies, Chinese Yuan, commodity, currency market, de-dollarization, Economics, Elena Fabrichnaya, Energy, Federation Assembly, international financial system, Legislation, national currencies, OIL, parliamentary forum, R5 currency, Rand, real, renminbi, reserve currencies, reserve currency, ruble, rupee, Russia, Russian International Affairs Council, Sberbank, Settlement, summit, US Dollar, Valentina Matvienko, Vladimir Putin, Yaroslav Lissovolik

Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say

December 19, 2022January 27, 2023 Caden

Russian authorities are finding it hard to cash out digital assets they have gotten hold of, prosecutors have warned. They have also urged the government to recognize cryptocurrency as property, allow departments to have digital wallets and use crypto exchanges. Prosecutor’s Office Insists Russian Investigators Should Have Cryptocurrency Wallets Russian prosecutors are convinced that investigative…

confiscation, courts, Crypto, crypto assets, crypto exchanges, crypto wallets, Cryptocurrencies, Cryptocurrency, Digital Assets, Investigations, investigators, property, prosecutor, Prosecutor's, prosecutor's office, Regulation, Regulations, Russia, russian, Seizure

New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament

October 29, 2022January 27, 2023 Caden

A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian parliament after the rejection of an earlier bill which was aiming to allow domestic crypto payments as well. Draft Legislation on Crypto Mining Allows Russian…

bill, Crypto, crypto miners, crypto mining, crypto payments, Cryptocurrencies, Cryptocurrency, draft law, international settlements, Law, lawmakers, Legislation, legislative proposal, lower house, Miners, Mining, mining bill, parliament, Russia, russian, Sanctions, State Duma

War Spurs Crypto Activity in Russia and Ukraine, Chainalysis Reports

October 15, 2022January 27, 2023 Caden

The deadly conflict that started with Russia’s assault on Ukraine has increased crypto-related activity in both countries, according to Chainalysis. Fiat inflation and sanctions pressure led to several spikes in transaction volumes this year, the blockchain forensics firm has found, while Eastern Europe as a whole sustained its role in the global crypto ecosystem. Russians…

Activity, Chainalysis, conflict, Crypto, Crypto activity, crypto assets, crypto payments, crypto transactions, Cryptocurrencies, Cryptocurrency, Currency, Eastern Europe, Economy, Fiat, inflation, News, region, report, restrictions, Russia, Sanctions, Stablecoins, transactions, Ukraine, War

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’

June 21, 2022January 27, 2023 Caden

Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since 2015. While many have dismissed the ruble’s exchange rate, Charles Lichfield,…

Bank of Russia, Central Bank, Charles Lichfield, China, conflict, Crude Oil, cut rate, Economics, EU, Gas, India, interest rate, Martin Armstrong, OIL, Peace Talks, rouble, ruble, ruble crash, ruble falls, ruble plunges, Ruble Rises, Ruble strength, Russia, russia bank run, Russia Ruble, russian bank run, russian sanctions, Sanctions, Ukraine, Ursula Von Der Leyen, Vladimir Putin, War, Western Allies, Youtuber Jake Broe

Ukraine Raises Over $100,000 From Cryptopunk NFT Sale

June 21, 2022January 27, 2023 Caden

The government of Ukraine has sold a Cryptopunk NFT donated in support of the war-torn country a few months ago. The token has been purchased by an unidentified buyer who spent more than $100,000 in ethereum for the collectible, the country’s digital transformation ministry said. Ukraine Government Sells Donated Cryptopunk Token for 90 ETH Ukrainian…

Collectible, conflict, Crypto, Cryptocurrencies, Cryptocurrency, cryptopunk, Cryptopunk NFT, Donation, donations, fundraising, Funds, News, nft, NFTs, Russia, russian, Token, Tokens, Ukraine, ukrainian, War