Russia

Highlights: US founders are responsible for 43% of global crypto scams in 2024 which is the highest among all nations. Weak regulations and investor trust make the US a major source of crypto fraud and failed projects worldwide. Global cooperation […]

Highlights: Russia is set to ban crypto mining in some regions, such as Siberia and occupied Ukrainian territories.   The new crypto laws will impose taxes on mining while promoting energy efficiency and reporting requirements.   Russia is advancing digital ruble integration […]

Highlights: Russia has passed a law to regulate digital currency turnover and mining activities. The legislation allows banning mining in specific areas and regulating supporting infrastructure. Various federal agencies can now track digital currency transactions for potential illicit activities. According […]

Highlights: Russia plans to tax crypto miners on coins, even if they have not been sold yet. A new two-stage tax system could increase transparency and regulate mining activities. Home-based miners must report earnings and register under the proposed FNS […]

Highlights: A former Russian Chief Investigator received a 16-year sentence for accepting a $65 million Bitcoin bribe. His accused bribe amount is five times larger than Russia’s previous record. The case underscores the rising connections between cybercrime and corruption in […]

Highlights: Russia aims to start crypto payment trials in the coming days. The new update closely followed an early debunk statement from the Russian Stock Exchange, clarifying its stance on the crypto exchanges’ development. Other countries with dwindling economic status […]

Highlights: Telegram criticizes French actions after Pavel Durov’s detention at Paris airport. Russia accuses France of hostility and demands consular access for Durov. Rumble CEO Chris Pavlovski exits Europe, citing France’s arrest of Telegram’s CEO as a threat. Telegram raised […]

Highlights: Russia unveils plans for dual crypto exchanges and stablecoins to aid borderless transactions. The stablecoins will cover the Yuan and BRICS payment system, underscoring a far-reaching target. Legal experts raised concerns about the initiatives’ regulation, with solutions to bypass […]

Highlights: Russia has embraced crypto mining with newly enacted legislation by the nation’s president. The new law became a necessity to salvage the country’s dwindling economy. The global crypto market displayed strength with over 5% appreciations in the past 24 […]

China and Russia are accelerating the use of digital payments for cross-border settlements, completely abandoning traditional banking. Qifa, a China-based payment solution initially launched to facilitate imports between the two countries, affirmed the enhanced use of crypto payments. Qifa cited […]

The Russian Government plans to legalize stablecoins to facilitate cross-border payments. Given the U.S. sanctions imposed after the Ukraine-Russia conflict, this move will simplify Russia’s international funds transfers as an alternative.  A report published by state-run media outlet Izvestia uncovered […]