Auto Added by WPeMatico
Sberbank is awaiting approval to offer cryptocurrency custody and trading services to its over 110 million customers. The Central Bank of Russia proposed a regulatory draft to regularize crypto investments…
Grinex, a sanctioned crypto exchange serving Russian businesses and individual users, said it was hit by a large-scale cyberattack that resulted in the theft of funds worth more than 1…
The sanctioned crypto-ruble exchange Grinex has suspended all operations following a high-level cyberattack that resulted in the theft of over $13.74 million worth of tether stablecoins. Key Takeaways: Grinex halts…
A set of bills to formalize and regulate crypto transactions was introduced to Russia’s State Duma last week. The legislation amends existing laws to allow both qualified and non-qualified investors…
The institution has asked the government to allow digital financial assets to be issued on open networks like Ethereum, opening national businesses to international investments. Central Bank of Russia governor…
Elvira Nabiullina, the head of the Central Bank of Russia, has declared that first-wave banks were finalizing their preparations to support the digital ruble on day one. She also clarified…
A new Elliptic investigation identifies five major cryptocurrency platforms enabling Russian entities to bypass international sanctions through sophisticated wallet obfuscation and shared infrastructure. Blockchain analytics firm Elliptic released a report…
The rumors of discussions on Russia’s return to the dollar system sparked speculation about the strength of the financial alternatives deployed to bypass sanctions. While the central bank denies being…
The European Union is weighing a blanket ban on all cryptocurrency transactions with Russia, arguing it would be more effective than targeting individual platforms used to bypass sanctions. Shift Toward…
Sberbank, Russia’s largest bank, stated that it was preparing to roll out a program of crypto-backed loans for corporate customers. The institution stressed that it was currently finalizing the infrastructure…