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business sell-off

World’s Largest Crypto Exchange Exits Russia

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

currency cut-off

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....

growth industry

Russia Becomes World’s Second-Largest Crypto Miner

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

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.

currency control

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.

Georgia’s Mountainous Cryptocurrency Problem

The legendary mountain region of Svaneti has turned into a cryptocurrency mint, resulting in chronic electricity shortages.

CRYPTO CRACKDOWN

Russia Mulls Crypto Investment Ban – Reuters

Central Bank concerned about financial stability risks from Russians' large cryptocurrency portfolios.

'avalanche-like increase'

Siberia Sounds Electricity Alarm Over China’s Crypto Crackdown

The Irkutsk region is seeing an influx of Bitcoin mining from nearby China, where virtual currencies are illegal, thanks to its cheap energy costs.

U.S. Sanctions Russia-Based Cryptocurrency Exchange Over Ransomware

The Treasury Department said SUEX, which operates out of Russia, was connected to ransomware attacks.

Russia's Hermitage to Sell Digital Art as NFT Tokens

The Hermitage will bring out a limited series of NFTs, including a digital copy of Leonardo da Vinci's "Madonna Litta."

World’s Youngest Crypto Billionaire Vitalik Buterin Donates $1Bln to Virus-Hit India

The move caused token prices to drop by up to 65%, Forbes reported, potentially reducing the amount of aid India receives.

financial crime

U.S. Officials Arrest Russian Suspect in Alleged $336M Bitcoin Laundering Scheme

Roman Sterligov was allegedly the main operator of a bitcoin mixing platform that helped users anonymize their payments, especially on the dark web.

Russian Opposition Finds Refuge in Bitcoin

Putin critic Alexei Navalny’s team sees the decentralized nature of cryptocurrencies as a useful tool for circumventing the Russian authorities.

Inside Russia’s Plans For a Digital Ruble

Russia's Central Bank is eyeing up a new “digital ruble” — a regulated, controlled and legal alternative to cryptocurrencies.

Russian Bank Issues First Crypto-Backed Loan

Cryptocurrency tokens were used as collateral for a personal loan for the first time in Russia.

cross-border laundering

N.Zealand Freezes Assets of Alleged Russian Cyber Criminal

Police said Alexander Vinnik had likely victimized "thousands, if not hundreds of thousands, of people globally."

U.S. Arrests Cash-Flaunting Russian Rapper for Cryptocurrency Laundering

The FBI alleges that Maxim Boyko is a “significant cybercriminal” who launders stolen funds for other cybercriminals.

Crime Doesn't Pay

Russian Bitcoin Suspect Extradited, Charged in France

His lawyers say he's a genius who is considered a threat to the international banking system.

Russia’s ‘Orthodox Tycoon’ Is Bankrolling a Monarchist Movement. But Where Does He Get His Money?

About 30% of Russians have monarchist views, but when Malofeyev talks about monarchy, it is not an abstract concept.

Russia’s FSB Linked to $450M Bitcoin Disappearance – BBC

Russian security services obtained the cryptocurrency for “the FSB fund,” BBC investigation says.

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