Auto Added by WPeMatico

Russia Considers Jail Time for People Helping Crypto Scammers Launder Proceeds

The interior ministry of Russia has decided to go after those providing money-laundering services to crypto fraudsters, suggesting they should go to prison. The department wants to introduce criminal liability…

Continue ReadingRussia Considers Jail Time for People Helping Crypto Scammers Launder Proceeds

Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks

A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The…

Continue ReadingRussian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks

Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says

Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in international settlements, the head of the agency, Yuri Chikhanchin, has indicated. The statement adds to growing support…

Continue ReadingCrypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says

Russia’s Finance Ministry Supports Circulation of Stablecoins in Country

The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurrencies could lay…

Continue ReadingRussia’s Finance Ministry Supports Circulation of Stablecoins in Country

US Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, Report Unveils

U.S. diplomats have reportedly called on authorities in Tokyo to increase pressure on Japanese crypto exchanges and miners to sever links to Russia. The request was made to deepen Moscow’s…

Continue ReadingUS Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, Report Unveils

Proposal to Set Up Russian Crypto Exchange Circulated in Moscow

Russia may establish a dedicated exchange to carry out cryptocurrency transactions locally, a high-ranking member of the State Duma has suggested. The new platform can be hosted by the Moscow…

Continue ReadingProposal to Set Up Russian Crypto Exchange Circulated in Moscow

Russian State Duma Adopts Law Banning Payments With Digital Financial Assets

The lower house of Russian parliament has adopted a law prohibiting the use of digital financial assets in payments. To implement the restriction, exchange operators have been obliged to reject…

Continue ReadingRussian State Duma Adopts Law Banning Payments With Digital Financial Assets

Roskomnadzor Media Watchdog Unblocks Leading Russian Crypto News Outlet

Russia’s mass media regulator, Roskomnadzor, has restored access to a major Russian crypto news portal. Bits.media was recently blocked as a result of proceedings in a regional court that its…

Continue ReadingRoskomnadzor Media Watchdog Unblocks Leading Russian Crypto News Outlet

Demand for Hardware Crypto Wallets Increases Amid Currency Restrictions in Russia

Hardware wallets designed to securely store cryptocurrency have seen a several-fold increase this spring in Russia, on the backdrop of currency restrictions introduced amid foreign sanctions. Ledger and Tangem have…

Continue ReadingDemand for Hardware Crypto Wallets Increases Amid Currency Restrictions in Russia

Alexander Vinnik Serves Prison Term in France but No Freedom in Sight

Having served his five-year prison sentence in France, Russian IT and crypto specialist Alexander Vinnik is now facing a return to Greece and possible extradition to the United States. A…

Continue ReadingAlexander Vinnik Serves Prison Term in France but No Freedom in Sight