Cryptocurrencies

Russian investors seek assistance in darknet to recover blocked crypto assets

Service offers to release Russian investors’ assets blocked on international crypto exchanges are springing up in the darknet, reports Russian business daily Kommersant. Among the methods used are the transfer of the funds to an unblocked account, the renewal of accounts submitting fake KYC information, etc. The cost of such services may vary between 35% and …

Russian investors seek assistance in darknet to recover blocked crypto assets Read More

How Russian neo-Nazi paramilitary fighters steal cryptocurrency through Ukrainian charity sites — and use it to fund the war

The paramilitary group Rusich is one of multiple Russian far-right and neo-Nazi organizations that have fought in the war in Ukraine. Because it’s not an official part of the Russian Armed Forces, Rusich has had to find alternative ways of funding its members’ military equipment and medical needs — and has found the perfect solution in cryptocurrency.  Meduza special correspondent …

How Russian neo-Nazi paramilitary fighters steal cryptocurrency through Ukrainian charity sites — and use it to fund the war Read More

Bitcoin mining revenue in Russia grew 18 times in 4 years before “worst quarter”

The revenue from bitcoin mining in Russia has increased 18 times between 2017 and 2021, according to a new report by computing hardware distributer Intelion Data Systems, quoted by RBC Crypto. During the period, the total grew from 7 billion rubles in first studied year (below $114 million, at current exchange rates) to 128 billion …

Bitcoin mining revenue in Russia grew 18 times in 4 years before “worst quarter” Read More

War spurs crypto activity in Russia and Ukraine

The deadly conflict that started with Russia’s assault on Ukraine has increased crypto-related activity in both countries, according to Chainalysis. Fiat inflation and sanctions pressure led to several spikes in transaction volumes this year, the blockchain forensics firm has found, while Eastern Europe as a whole sustained its role in the global crypto ecosystem.

EU bans crypto services for Russians in new sanctions over Ukraine escalation

The Council of the European Union has announced new sanctions against Russia on the backdrop of the deepening military conflict in Ukraine. The new measures include a full ban on the provision of wallet, account, or custody services for crypto assets to Russian persons and residents.  The measure will apply regardless of the value of these assets, according to …

EU bans crypto services for Russians in new sanctions over Ukraine escalation Read More

Bank of Russia, finance ministry agree on crypto mining regulation, law expected soon

The Central Bank of Russia (CBR) and the Ministry of Finance (Minfin) have adopted a joint position on the regulation of crypto mining. The bitcoin-related activity has been expanding in the energy-rich nation, both as a profitable industry and as a source of additional income for many Russians. Anatoly Aksakov, chair of the parliamentary Financial Market …

Bank of Russia, finance ministry agree on crypto mining regulation, law expected soon Read More

US asks Japan to pressure crypto exchanges, miners working with Russia

The United States has urged Japan to put more pressure on cryptocurrency exchanges and mining companies that continue to work with Russians. The U.S. wants the Japanese entities to end their business relations with Russia, thus adding to its financial isolation from the rest of the world. The request, made by American diplomats, is targeting …

US asks Japan to pressure crypto exchanges, miners working with Russia Read More

Reuters: Binance built ties to a Russian FSB-linked agency

Just one day after Binance announced it was deactivating the accounts of its major clients in Russia in order to comply with EU sanctions, Reuters reveals how, starting from April 2021, the world’s leading crypto exchange secretly shared client data with the Russian authorities. At the time, Russia’s financial intelligence unit Rosfinmonitoring (Rosfin) was “seeking to trace …

Reuters: Binance built ties to a Russian FSB-linked agency Read More

Russian minister calls for urgent legalization of crypto mining

Cryptocurrency mining needs to be regulated “as soon as possible,” Russian Deputy Minister of Energy Evgeniy Grabchak said during Russia’s first national conference of legal bitcoin miners, held recently in Irkutsk. The Siberian oblast, where electricity rates start at just $0.01 per kWh, has been dubbed “the mining capital of Russia” as coin minting in the …

Russian minister calls for urgent legalization of crypto mining Read More

Investors turn to crypto funds, companies as Russia-Ukraine crisis escalates

Global investors are scooping up stakes in cryptocurrency funds and companies, as they seek exposure to a sector many believe could withstand the fallout from the Russia-Ukraine conflict. Research firm Fundstrat, in its latest note to clients, said venture capital (VC) buyers invested around $4 billion in the crypto space in the last three weeks …

Investors turn to crypto funds, companies as Russia-Ukraine crisis escalates Read More

Cryptoasset sector told by UK regulators to comply with Russian sanctions

Financial services firms including those in the cryptoasset sector were warned by Britain’s regulatory bodies on Friday that they were expected to ensure sanctions imposed against entities and individuals in Russia and Belarus were complied with. “We are working closely with partners in government and law enforcement both here and abroad, including regulatory authorities, to …

Cryptoasset sector told by UK regulators to comply with Russian sanctions Read More

Russia weighs pros and cons of using crypto to evade Western sanctions

As Western powers began cutting off its access to the SWIFT interbank payment system, Russia could turn to cryptocurrency to bypass sanctions. This Monday Sergey Glazyev, a former Russian minister and advisor to President Putin, made this suggestion in an interview to Russian TV channel RBC.  Cryptocurrencies can become an alternative for settlements with Western countries, allowing Russia to continue …

Russia weighs pros and cons of using crypto to evade Western sanctions Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.