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Articles with tag "Cryptocurrency"

Irkutsk Bans Cryptocurrency Mining in Region’s South Until 2031

Irkutsk region Governor Igor Kobzev said he had requested the ban due to the “excessively high load” mining placed on the region’s energy system...

Can Crypto Help Russia Beat Western Sanctions?

Russia has increasingly turned to cryptocurrencies to address challenges with ruble transactions. But it's not exactly a silver bullet.
5 Min read

Only Rich People Should Be Allowed to Use Cryptocurrency, Russian Central Bank Says

The Central Bank argues that cryptocurrencies pose significant risks due to their volatility and lack of state backing.
2 Min read

Russia Using Crypto in Chinese and Indian Oil Trade – Reuters

While transactions supported by crypto are still a small part of Russia’s overall oil trade, they are reportedly growing. 
2 Min read

Russia’s Central Bank Delays Mass Rollout of Digital Ruble

“Our intention is to proceed with the mass introduction of the digital ruble somewhat later,” Central Bank Governor Elvira Nabiullina said without...
2 Min read

Crypto Kingpin Alexander Vinnik Back in Russia After U.S. Handover

“I would like to thank everyone, above all, President Vladimir Vladimirovich Putin,” Vinnik said in a video released by Russian state media.
2 Min read

Putin Signs Law on Cryptocurrency Tax

The new regulations come as Russia seeks new sources of income, and to better regulate its sprawling cryptocurrency industry.
1 Min read

Russia Bans Winter Cryptocurrency Mining in Siberia, North Caucasus and Occupied Ukraine

Russia consumes 16 billion kilowatt-hours annually for mining — about 1.5% of its total electricity usage, according to the Energy Ministry.
1 Min read

Russia to Mine Bitcoin in BRICS Countries

The project could see the BRICS group of nations — which already has a combined gross domestic product larger than the G7 — build a crypto-based payment...
5 Min read

Russia Opens Criminal Case Against Cryptex, UAPS Payment System Creators

Last week, the U.S. sanctioned Cryptex and announced that it was charging two Russian nationals in connection with “operating billion-dollar money laundering...
2 Min read

Putin Warns of Blackouts From ‘Uncontrolled’ Crypto Mining

Russia’s Energy Ministry estimates that crypto mining accounts for almost 1.5% of the country’s total electricity consumption.
2 Min read

A Viral Telegram Game Promises Crypto Coins for Clicks. What’s the Catch?

In just a few weeks, Hamster Kombat claims to have amassed 200 million users — sparking concerns from both Russian and Ukrainian authorities.
5 Min read

Binance Crypto Firm’s Successor in Russia Announces Closure

CommEX, which launched in September, had bought Binance’s Russian operations for an undisclosed sum.
1 Min read

Binance Discontinues Trading Pairs With Ruble

The world's largest crypto exchange first announced its gradual withdrawal from the Russian market in September.
1 Min read

Binance to End Support for Ruble Deposits Amid Russia Exit

The crypto exchange urged its users to transfer their rubles to the newly created company CommEX.
1 Min read

World’s Largest Crypto Exchange Exits Russia

The announcement follows reports that the U.S. Justice Department was investigating Binance for possibly violating sanctions.
2 Min read

Binance Restricts Russian Clients to Ruble Transactions

Binance’s restrictions follow reports on a U.S. Justice Department investigation into the company's possible violation of sanctions against Russia....
2 Min read

Russia Becomes World’s Second-Largest Crypto Miner

Russia displaced Kazakhstan, which introduced restrictions on crypto-mining activities in 2022, in the ranking.
1 Min read

Russia’s Finance Ministry Submits Draft Cryptocurrency Regulations

While the country has the world’s third-largest crypto mining industry, the Central Bank sees its trade as risky.

Russian Central Bank Seeks to Ban Crypto Mining, Investment

Russia has the world’s third-largest share in the global crypto mining market behind the United States and Kazakhstan.
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