Russia Draws Firm Line on Digital Assets, Keeping Crypto Out of Domestic Payments

Russia has reiterated its firm stance on crypto, drawing a clear distinction between digital assets and traditional currency. While global debate continues over whether crypto can coexist with national currencies, Russian lawmakers are reinforcing a long-held view.

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Russia doubles down on ruble-only rule, keeps Bitcoin out of payments

Russia locks all domestic payments to the ruble, treats Bitcoin only as an investment, but pilots crypto for cross-border trade and rolls out a digital ruble CBDC. Russia has prohibited the use of Bitcoin and other cryptocurrencies as legal tender…

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Russia limits crypto to investment, rules out payments

Russia's stance limits crypto's role in its economy, potentially stifling innovation and affecting global crypto market dynamics. The post Russia limits crypto to investment, rules out payments appeared first on Crypto Briefing.

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EU imposes sanctions on Russia-tied A7A5 stablecoin 

In a move that could affect Russia’s crypto ambitions, the EU has blacklisted the A7A5 stablecoin tied to the state. The European Union has rolled out its 19th round of sanctions targeting Russia, introducing sweeping economic restrictions aimed at sectors…

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Moscow’s $376-B Crypto Milestone Puts Russia Ahead Of Europe

According to Chainalysis, Russia received over $376 billion in on-chain crypto transfers between July 2024 and June 2025, ahead of the United Kingdom’s $273 billion. Related Reading: Crypto On The Menu: US Fastfood Chain Rolls Out Bitcoin Steakburger That metric measures value moved into wallets and addresses tied to Russia during the 12-month window. Based […]

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Hackers exploit Russian smart homes for crypto mining: report

Hackers are exploiting vulnerabilities in Russian smart homes to create botnets, using the infected devices to mine cryptocurrency and launch DDoS attacks. Hackers are reportedly exploiting vulnerabilities in Russian smart homes to mine cryptocurrency and carry out cyberattacks, Russia’s state-controlled…

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Russia’s MinFin says it wants to curb unregulated crypto activity with national infrastructure

The Russian Ministry of Finance says it’s working to regulate crypto by rolling out national infrastructure that would move the local crypto market out of the gray area. Russia‘s Ministry of Finance is stepping up efforts to bring crypto into…

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EU sanctions Russia’s crypto exchange Garantex over its ties to blacklisted banks

The European Union has rolled out a new round of sanctions, adding crypto exchange Garantex, which was already blacklisted by the U.S. Treasury’s OFAC. The European Union has added Russian crypto exchange Garantex to its sanctions list as part of…

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From Russia With Fraud: ‘Crypto Queen’ Diverts Funds To Ukrainian Army

A detained social media influencer could be heading to a Russian penitentiary and staying there for about 10 years to live out her sentence for committing crypto fraud. Valeria Fedyakina, dubbed the “Crypto Queen,” is at the center of multiple charges of large-scale swindling activities that reportedly included funding the Ukrainian military amid the ongoing […]

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Russia-Linked Crypto Addresses May Face US Market Lockout

Crypto addresses owned by traders in Russia could be locked out of the US market as California Democrat proposes bill to empower US Treasury Secretary. The post Russia-Linked Crypto Addresses May Face US Market Lockout appeared first on BeInCrypto.

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Russia’s central bank does not rule out crypto investments with focus on risk evaluation

While Russia’s central bank maintains its stance against crypto as a payment method, recent signals suggest a reconsideration of its stance regarding crypto investments. The Bank of Russia remains steadfast in its position against cryptocurrencies as legal tender within the…

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Russia Turns To Stablecoins In Droves As Sanctions Bite Even Harder

Russians have hopped on stablecoins to circumvent Western sanctions to send trading volumes to new highs. The decision by SWIFT to kick out Russian banks from the network plays a role in the spike in stablecoin use.

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Russia is considering Bitcoin for international trade in 2023: Report

Top crypto news out of Russia says the country is considering accepting Bitcoin (BTC/USD) as well as some cryptocurrencies as a payment option for international trade in 2023. As per local news agency Izvestia, Russian government officials from the Ministry of Finance and the State Duma have confirmed the development.

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Crypto in Eastern Europe

On Thursday 24th of February, 2022, Russia invaded Ukraine. War had broken out in Eastern Europe. Although we’re not here to comment on the political situation in Ukraine and beyond, we can observe one fact: Ukraine’s government turned to crypto in trying times.

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Russia To Roll Out Its Own Digital Ruble In 2024 – In Time For Elections

Russia moves forward with its plans to create its own digital ruble by 2024. Recently, the Central Bank of the Russian Federation (CBR) released a draft proposal outlining the primary monetary policy parameters for the next three years.

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Russia to Begin Phased Release of Digital Ruble

Russia's apex bank has revealed that it has started testing its digital ruble project and it will be rolled out with new features starting from 2023. The post Russia to Begin Phased Release of Digital Ruble appeared first on BeInCrypto.

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Russia May Introduce “Targeted” CBDC by 2023

The Bank of Russia, in its latest report, indicated that a digital ruble would be rolled out starting 2023. Bank of Russia Updates on CBDC Russia is forging ahead with...

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Russia plans to roll out digital ruble across all banks in 2024

Bank of Russia started CBDC testing in 2022 and expects to implement an official banking rollout in the year of presidential elections in 2024.

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Deplatformed by PayPal, Antiwar Journalists Speak Out

“If they can do this to us, they can do it to you,” says a writer whose outlet has challenged the neat narratives around Russia’s invasion of Ukraine.

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Astronaut Launches 1st NFT, Raises $500K To Help Ukraine Fight Russia

A former NASA astronaut who spent nearly a year on the International Space Station is the latest public figure to release non-fungible tokens. Scott Kelly is launching his first NFT compilation, “Dreams Out of This World,” today, on International Day of Human Space Flight, to benefit Ukraine’s humanitarian efforts in the face of Russia’s war. […]

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Bitcoin Can Change America’s Energy Destiny

While Russia sends out hopeful hypotheticals, major companies are making real progress in the Bitcoin industry in America.

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Bitcoin Game Theory Intensifies: Russia Accepts Bitcoin For Exports

News out of Russia indicates the country is open to accepting Bitcoin and other hard assets in exchange for oil and other commodity exports.

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Japan Sets Penalties on Crypto Exchanges for Violating Russia Sanctions: Report

Japan's government and financial regulator have laid out the penalties crypto exchanges could face if they fail to comply with sanctions on Russia.

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Market Update: All Major Cryptos On Rise, Commodities Prices Also Increasing

The crypto market is currently rallying after news that President Biden signed an executive order, the first step towards regulating cryptocurrency. It comes out of concerns for Russia’s potential use of digitally mined coins to bypass economic sanctions during times.

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Pushing Russia out of crypto one country at a time: Singapore, Switzerland and Japan will join in the sanctions

Ukraine’s call on banning Russians from the crypto market was rejected by crypto exchange giants like Binance and Coinbase unless law required it. The post Pushing Russia out of crypto one country at a time: Singapore, Switzerland and Japan will join in the sanctions appeared first on CryptoSlate.

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If Ever There Were a Time for Financial Freedom, It’s Now

With Ukraine raising money online and Russia shut out of the financial system, crypto's liberty proposition was put to the test.

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The Russia-Ukraine War Is Becoming A War On Crypto

When Putin set out to invade Ukraine, the world wasn’t sure what he intended. But while threats were being exchanged, a variable that wasn’t considered in the war effort was something Russia was battling to legislate on: Crypto.

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Crypto offers Russia no way out from Western sanctions

Crypto use is likely to grow among ordinary citizens of both nations — though it won’t help Russia’s elite dodge economic restrictions.

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Hillary Clinton Calls Out Crypto Exchanges for Letting Russia Bypass Sanctions

Russians are still able to use cryptocurrency exchanges to circumvent newly imposed sanctions in response to the country’s invasion of Ukraine — and former First Lady Hillary Clinton is absolutely furious.

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Top Russian Bank Quits Europe, Citing Sanctions: Report

Sberbank, one of Russia's largest state-controlled banks, is dropping out of almost all European markets citing Western sanctions.

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Putin Is Temporarily Banning Foreigners From Pulling Money Out of Russia

The ban will reportedly go into effect on Wednesday.

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Facing global sanctions, do cryptocurrencies present a way out for Russia

As the war in Ukraine rages on, an interesting phenomenon that has emerged is the role cryptocurrencies can play during a global crisis of this scale, and the ways in which it can be utilized by both The post Facing global sanctions, do cryptocurrencies present a way out for Russia appeared first on AMBCrypto.

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Coinbase will not freeze Russian accounts despite Ukraine’s request

The vice prime minister of Ukraine, Mykhailo Fedorov, has asked all the major exchanges to freeze the accounts of users in Russia and Belarus. However, some leading exchange platforms are already coming out to deny these requests.

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Russia on the Brink of Being Kicked From SWIFT as Kyiv Heroically Holds

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$170 Million In Futures Liquidate As Bitcoin Recovers Above $38k

Data shows more than $170 million in Bitcoin futures has liquidated over the past 24 hours as the price of the crypto makes sharp recovery above $38k. BTC Price Makes Sharp Recovery From Crash Due To Russia’s Invasion Of Ukraine Following the commencement of the Russian invasion of Ukraine yesterday, the price of Bitcoin took a deep plunge down as investors pulled out of the market.

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Apple Pay to halt support for Russian banks sanctioned on war in Ukraine

Russians cashed out over $1.3 billion from banks on the first day of Russia’s invasion of Ukraine, the largest amount since the onset of COVID-19.

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Dogecoin And Shiba Inu Crash Down 20% As Russia-Ukraine War Breaks Out

Memecoins Dogecoin and Shiba Inu have crashed down over 20% following the war breakout between Russia and Ukraine. Dogecoin And Shiba Inu Suffer Big Losses After Russia-Ukraine War Commences War breaking out has historically been massive bearish news for markets, and sure enough, the largest memecoins in the crypto sector have taken a deep plunge […]

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Russia-Ukraine conflict: An overview of what crypto-investors should know

As Ukraine reports the country is being invaded, Russia claimed it was carrying out a "special military operation." However, with civilians hearing explosions in Ukraine, the world is on high alert anThe post Russia-Ukraine conflict: An overview of what crypto-investors should know appeared first on AMBCrypto.

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Bitcoin Investors Haven’t Responded To Russia-Ukraine War With Large Inflows (Yet)

On-chain data shows Bitcoin investors haven’t moved large amounts to exchanges in response to the Russia-Ukraine war (at least for now). Bitcoin Exchange Reserve Doesn’t Spike Up Following The War Breakout Between Russia And Ukraine As pointed out by an analyst in a CryptoQuant post, the BTC reserve hasn’t moved significantly after the news of the Russia-Ukraine war.

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Ukraine Is Better ‘Armed’ Than Russia In Crypto Adoption As War Breaks Out

Ukraine has an advantage in terms of crypto adoption over Russia, research shows, as the latter launches an invasion of Ukraine. Chainalysis, a market research firm, rated Ukraine fourth globally in its 2021 Global Crypto Adoption Index (GCAI), which tracks the amount and value of cryptocurrency exchanged in a country.

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Ukraine's crypto legalization amid border tensions and how that may pan out

The Ukrainian forces amidst their ongoing tensions with their neighbor, Russia, developed a new relationship with digital assets. Bitcoin donations soared to Ukrainian volunteer and hacking groups, soThe post Ukraine's crypto legalization amid border tensions and how that may pan out appeared first on AMBCrypto.

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Bitcoin Crashes 7% as Russia Roils Markets

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Russia Goes Bullish On Bitcoin With Proposed Crypto Mining Tax Reduction

The Russian Ministry of Economic Development (RECD) has announced that it would cut a significant percentage of taxes on Bitcoin mining activities within the region. This announcement, which was reported by local news source Izvestia, further explained the plans of the Kremlin government to encourage more mining investment within the region by mapping out strategic […]

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Bank of Russia Maintains Crypto Ban Stance As It Begins To Test Country’s CBDC

The Bank of Russia has started conducting trials for its own CBDC. The announcement coincides with the central bank’s plans to launch the CBDC project’s pilot phase in early 2022. Despite President Vladimir Putin’s request that his government and central bank work out an uniform regulatory framework for crypto assets rather than a complete prohibition, […]

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Bank Of Russia Successfully Kicks Off Digital Ruble Trials While Fears Of An Absolute Bitcoin Ban Linger

Despite President Vladimir Putin asking his government and the central bank to hammer out a common regulatory regime for crypto assets instead of a complete ban, no consensus has been reached so far.

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De-Dollarization Drive: Russia Could Turn To Crypto For A Way Out Only Under These Conditions

Russia plans to stop all unregulated crypto activities within the country. But the CBR will accept compliant cryptocurrency investment in stablecoins that can be backed by gold reserves to compete against the US Dollar.

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Thai companies shell out millions to join the Bitcoin mining bandwagon

China might have labeled Bitcoin and cryptocurrency mining "obsolete" in the country. But its exit from the sector has proven to be a boon for countries like the USA, Russia, and Kazakhstan where mostThe post Thai companies shell out millions to join the Bitcoin mining bandwagon appeared first on AMBCrypto.

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Russia’s largest bank launches the first blockchain ETF in the country

Sberbank, the largest bank in Russia, has rolled out the first blockchain exchange-traded fund (ETF) in the country. The financial institution announced this news on December 30, noting that the ETF is titled Sberbank – Blockchain Economy exchange-traded fund (SBIF).

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Central bank acknowledges Russia's leading role in crypto industry, outlines major risks

The cryptocurrency market is growing at an exceptional rate. In fact, many countries are vying for the top spot in terms adoption. As it turns out, a top contender in the $2.8 trillion market, is RussThe post Central bank acknowledges Russia's leading role in crypto industry, outlines major risks appeared first on AMBCrypto.

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