News
Over 40 fake Firefox extensions impersonating popular crypto wallets have been used in an ongoing campaign to steal users’ wallet credentials.
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Russia News
Russia, or the Russian Federation, is the world’s biggest country in terms of land mass. On a map, Russia sits above Kazakhstan, Mongolia and China. Russia dwarfs China in geographic coverage but not in population, although Russia still has one of the largest populations globally. The ruble serves as Russia’s national currency.
Cryptocurrency usage in Russia faces restrictions due to legislation, including President Vladimir Putin’s 2020 law legalizing but banning crypto use for goods. A 2022 bill, at odds with the Bank of Russia, treats crypto as an investment tool, not legal tender. It proposes fines of up to 500,000 rubles for individuals and 1 million rubles for companies engaged in crypto trading or issuance.
Additionally, the Bank of Russia is actively developing a central bank digital currency, with plans to expand the pilot program by 2023 and achieve a full launch in 2025. Moreover, cryptocurrencies cannot be used for payments in Russia, and stringent criteria apply to exchanges and over-the-counter desks for licensing. Foreign exchanges must register in Russia to operate. All crypto-to-fiat transactions require bank accounts, and users must undergo Know Your Customer checks with banks and exchanges, reflecting Russia’s cautious stance on cryptocurrency regulation.
- News
The US Treasury has sanctioned a crypto wallet containing $350,000 tied to the alleged cybercrime hosting service Aeza Group.
2916 - Explained
Russian miners packed 95 crypto rigs into a KamAZ truck. The scam is now busted, but the case reveals how mobile farms exploit weak energy enforcement in remote areas.
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Countries that ban crypto payments often have no restrictions on using crypto abroad, but such legal overlaps may attract scrutiny from global regulators like the FATF.
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With a $151 million market cap, A7A5 has reportedly been involved in $9.3 billion of transactions with Grinex, the supposed successor to the sanctioned Garantex exchange.
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Russia will continue taking measures to encourage crypto mining businesses to register with the tax authority, including imposing bigger penalties for violations.
3039 - Analysis
Throughout the last 10 years, Bitcoin’s price has remained resilient to war and armed conflict.
4663 - Analysis
The demand for an offline digital cash option has been intensifying since Russia invaded Ukraine. Is there a role for blockchain?
2921 - News
Russian authorities found 95 mining rigs and a mobile transformer in a KamAZ truck illegally tapping power meant for a village in Buryatia.
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Cybersecurity firm Kaspersky says the Librarian Ghouls may be hacktivists, based on their reliance on legitimate, third-party utilities, a technique commonly associated with similar groups.
2717 - News
Evita Pay founder Iurii Gugnin has been accused of using sanctioned Russian banks to launder millions into the US, with the funds used in part to undermine American interests.
3735 - News
The situation involving Garantex “undermines the illusion of control that many still cling to,” according to Global Ledger co-founder and CEO Lex Fisun.
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Since the IBIT ETF futures are only available to accredited investors, the latest crypto developments in Russia left many retail players unimpressed.
9732 - News
Russia’s largest commercial bank, Sber, launched a Bitcoin-linked bond product that’s now trading on OTC markets and may soon be listed on the country's top stock exchange.
3951 - News
Russian banks have started rolling out crypto investment products tied to the price of Bitcoin following a greenlight from the central bank.
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