In a pivotal move, the Ministry of Finance has embarked on a mission to simplify the regulatory landscape surrounding Bitcoin transactions, mining, and exports. By treating Bitcoin (BTC) as a commodity, Russia is set to revolutionize the industry, opening up…
Crypto Sanctions Are a Form of Digital Fascism, Says a Russian Regulator
One of Russia’s top regulators believes that the sanctions relating to cryptocurrencies that have been placed on the nation and its people are an example of “digital fascism.” The remarks follow the latest round of sanctions imposed on Russia by…
EU Sanctions Get Russian Journalists and Activists Kicked Off Crypto Exchanges
Russian users of the cryptocurrency exchanges LocalBitcoins, Crypto.com, and Blockchain.com have been advised to withdraw money from their accounts as services will soon be halted for them. Fresh Set Of Sanctions The European Commission last week issued a fresh set…
Chainalysis Report: Ukraine War Accelerated Russian Stablecoin Adoption
The war in Ukraine has affected the world in several ways, which include rising gas and food prices as well as increased political activism. It has also affected Russia’s economy negatively, with Russian investors scrambling to protect their assets. Following…
Russia Restricts Crypto Trading to Curb Capital Flight
Crypto investors in Russia will soon find it difficult to escape plummeting interest rates in savings accounts as the Central Bank of Russia works to prevent capital flight. As per a Dec 30 announcement, the Central Bank of Russia is…
New Russian Prime Minister proposes legislation to streamline crypto market
Russia could be getting ready to make big moves in the cryptocurrency market. The country’s Prime Minister Mikhail Mishustin has appeared to give a green light for the further development of the local crypto market. The prime minister appeared to…
Russia’s Sberbank and S7 ready to Launch Tokenized Flight Ticket System
The largest state-owned bank in Russia, Sberbank, is now working with a major local airline to introduce a Blockchain-based ticket system. S7 Airlines will work closely with Sberbank to develop a new ticket sales platform that will enable clients get…
Russia’s Blockchain E-voting System gets Hacked
Russia’s Blockchain-based voting system for constitutional amendments has reportedly suffered an attack trough an election observer’s node. The issue was reported by state-owned agency TASS, were it was reported that the incident happened on the 27th of June 8PM CET.…
Russia’s Ministry of Justice against Proposed Crypto Ban
Russia’s Ministry of Justice has stood against a new draft proposal that seeks to ban crypto operations in the country. The move by the ministry came barely a week before the ministry of Economic Development distanced itself from the new…
Russia’s largest bank shelves crypto plans despite having a Crypto Bullish CEO
Russia’s largest bank Sberbank is reportedly planning to scrap its crypto plans citing the anti Bitcoin sentiments of government regulators. This news has come off as quite ironic since the bank’s CEO is a popularly known Bitcoin Bull. Despite the…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
