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Crypto Miners in Russia’s Irkutsk Region Fined Almost $1.7 Million This Year

Authorities in the energy-rich Russian region of Irkutsk have imposed hefty fines on crypto miners this year for illegal use of electricity to produce digital currencies. Power utilities have also…

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Ukraine Blocks Crypto Wallet Used to Raise Funds for Russian Forces

The law enforcement and counter-intelligence agency of Ukraine has managed to seize the funds in a cryptocurrency wallet used to finance the Russian military campaign in the country. Officials in…

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Russian Caught Mining Crypto in Covid-19 Clinic

An IT specialist working for a medical institution in Russia’s Altai Republic has been detained for illegally mining cryptocurrency at the premises of a Covid-19 hospital. The man minted digital…

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Moscow Exchange Prepares to List Digital Financial Assets by Year End

Russia’s largest market for equities, bonds, and derivatives, the Moscow Exchange, intends to launch a product based on digital financial assets by the end of the year, an executive has…

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Leading Japanese Online Broker SBI to Pull Out of Russia’s Crypto Mining Sector

SBI Holdings, the largest online brokerage in Japan, is shutting down its crypto mining business in the Russian Federation. Amid mounting uncertainty over the future of such investments due to…

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Russian Accused of Laundering Cryptocurrency From Ransomware Attacks Extradited to US

A Russian national suspected of laundering ransomware payments in cryptocurrency on behalf of cybercriminals targeting hospitals has been extradited to the U.S. by the Netherlands. The man was allegedly involved…

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Electricity Consumption of Russian Crypto Miners Spikes 20 Times in 5 Years, Research Finds

Power needs of cryptocurrency miners in Russia have grown significantly since 2017, with consumption of electrical energy seeing a 20-fold increase over the five-year period. In 2021, the minting of…

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Bank of Russia Aims for Full Launch of Digital Ruble in 2024

The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according to a paper detailing its monetary policy priorities for the…

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Crypto Exchange BTC-e Operator Vinnik Reportedly Denied Bail in US, Maintains Innocence

Alexander Vinnik, the alleged owner and operator of the infamous cryptocurrency exchange BTC-e, has been found not eligible for release on bail in the United States, where he was recently…

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Alleged BTC-e Operator Alexander Vinnik in US Custody After Immediate Extradition From Greece

Russian IT specialist Alexander Vinnik, accused of owning and running the infamous crypto exchange BTC-e, has been handed over to the U.S. This week, Greek authorities proceeded with the extradition,…

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