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Mikhail Mishustin – Russia’s Prime Minister – believes the Russian population collectively holds more than 10 trillion rubles ($130 billion) worth of cryptocurrencies. He assumed that most of those individuals…
For many Ukrainians and Russians, digital assets have become the means to support themselves and their loved ones during the crisis.
Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to…
The European Union (EU) has imposed the fifth round of sanctions against Russia in light of its continuing war against Ukraine. The council has targeted cryptocurrency wallets as it aims…
Prohibiting crypto services was one of three financial measures the European Commission proposed in addition to an import ban on Russian coal.
Russians reportedly hold about $130 billion in cryptocurrency but the government is yet to adopt crypto legislation.
US Treasury Secretary Janet Yellen alerted that Putin’s “special military operation” in Ukraine “will have enormous economic repercussion for the world.” She added that the US authorities plan to impose…
The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary authority believes this is hardly…
Sberbank, the largest bank in the Russian Federation, has denied connection to a new cryptocurrency called “sbercoin.” The project is offering high returns to buyers of the token, which was…