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A Moscow court has ordered the seizure of the crypto wallet of one of the alleged administrators of darknet market Hydra. Media reports reveal, however, that the man — who…
The Russian Central Bank is open to the idea of cryptocurrencies being used for cross-border settlements, an official stated on Tuesday. The announcement comes as various departments and legislators come...
According to Russia’s Ministry of Industry, local cryptocurrency enterprises consume more than 2% of the total electricity volume in the nation. The lawmakers are concerned that this exceeds some sectors…
Crypto mining falls under the “gray zone” in Russia, which means even though it's not banned, it doesn’t fall under the purview of law which could pose risks for those…
A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a…
Russia is reportedly considering allowing cryptocurrencies to be used as means of international payments. This comes at times when the country is under heavy scrutiny from almost all western countries.…
The Central Bank of Russia (CBR) has accelerated the development of its digital ruble in response to Western sanctions. The monetary authority now intends to pilot transactions with the new…
The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to…
Authorities in Russia are mulling over the possible use of digital currencies for international payments, a high-ranking official from the finance ministry has indicated. If recognized as property, he noted,…
Moscow has adopted a positive stance toward digital assets after its invasion of Ukraine triggered a sharp response from Western nations in the form of sanctions.