News with the tag "Russia"

Russia’s position on cryptocurrencies has undergone a significant shift in recent years, moving from strict opposition to a more nuanced and strategic approach. Once advocating a total ban on digital assets, the Bank of Russia is now proposing a regulatory framework that would permit wealthy individ...

In the ever-turbulent world of digital currencies, where fortunes can be made and lost in the blink of an eye, the voice of caution often comes from the traditional financial sector. This time, it’s Elvira Nabiullina, the Governor of the Russian Central Bank , who has once again stepped into the lim...

A Russian national who was charged for his role in a crypto market manipulation scheme will give up his access to millions worth of assets after striking a plea deal with US prosecutors. In November, the U.S. Justice Department filed charges against the crypto market maker Gotbit’s CEO and founder A...

In a groundbreaking move that’s sending ripples through the cryptocurrency world, Russia’s Civic Chamber has proposed a novel solution for managing digital assets seized from criminal activities. Imagine a dedicated vault, not for gold or cash, but for cryptocurrencies – a crypto fund designed to sa...

A member of Russia’s Civic Chamber is pushing for the creation of a government-managed fund comprised of seized cryptocurrency assets. Reports from local media state that the proposal came from legal activist Evgeny Masharov, who outlined the initiative as a structured mechanism for holding and util...

Russia is considering a plan to direct confiscated cryptocurrency into a special fund, with proceeds from its use allocated to social initiatives. Yevgeny Masharov, a member of the Public Chamber of the Russian Federation, expressed support for the proposal, which is part of a broader effort to defi...

Garantex, a Russian crypto exchange sanctioned by the US, is reportedly back in business under a new name, Grinex, after moving funds and users to the platform. A report from Swiss blockchain analytics firm Global Ledger claims that Garantex has shifted its liquidity and customer balances to Grinex....

The Central Bank of Russia has piloted a testing program in the Tatarstan region to test smart contracts for the digital ruble. The Central Bank of Russia has approached the Tatarstan region with a proposal to help pilot the digital ruble, with a specific focus on testing smart contracts, as origina...

Russia’s central bank, along with the directive of the nation’s president, Vladimir Putin, has submitted proposals to the government to allow a limited group of local investors to buy and sell cryptocurrencies. According to the announcement , the initiative could first be in a three-year experimenta...

Russia has reportedly turned to cryptocurrencies to facilitate its oil trade with India and China, using digital assets to circumvent Western sanctions. While fiat currencies like the UAE dirham still dominate the majority of transactions, digital assets are becoming a small but growing component of...