Russia’s financial system is preparing for a major shift toward regulated cryptocurrency activity, with Sberbank, the country’s largest bank, at the center of the buildout. The bank has committed to launching core crypto infrastructure, including a digital depository, by December…
Bank of Russia Governor Elvira Nabiullina declared on Thursday that the country’s central bank digital currency (CBDC) – digital ruble – is prepared for widespread adoption, two months before a September 1 deadline. Speaking in St Petersburg, Nabiullina said “everything…
Moscow’s push to bring its cryptocurrency market under control has entered a new phase with the Russian government submitting a legislation to the State Duma that would make operating outside state-sanctioned crypto infrastructure a criminal offense. Under the proposed law,…
Sanctioned Kyrgystan-registered cryptocurrency exchange Grinex has halted trading after attackers pulled over one billion Russian rubles from its wallets, with the platform attributing the breach to foreign state actors and calling it a deliberate assault on Russia’s financial system. Grinex…
Key Takeaways In a major development, Russia’s central bank has, for the first time, openly linked the country’s growing Bitcoin mining industry to the strengthening of the Ruble— the nation’s national currency—marking a notable shift in tone from an institution…
Key Takeaways The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against the crypto exchange Garantex Europe OU, its ‘successor’ platform Grinex, and three Garantex officials and six Russia- and Kyrgyz Republic-based companies. “By…
Key Takeaways A high-stakes crypto transaction in a Seoul hotel ended in a violent attempted robbery, leading to the arrest of one Russian national and an international manhunt for two others. As per local media reports, South Korean police have…
Key Takeaways Vladimir Smerkis, a former Binance regional executive and co-founder of crypto tap-to-earn app Blum, has been formally detained by Russian authorities on suspicion of large-scale fraud, according to a ruling issued by the Zamoskvoretsky District Court. As per…
Key Takeaways Russia is preparing to introduce a cryptocurrency exchange aimed exclusively at individuals classified as “super-qualified” investors, as part of a regulated pilot framework intended to bring greater oversight to the country’s digital asset activity. The plan was confirmed…
Key Takeaways The Central Bank of Russia has proposed allowing a restricted group of investors to trade crypto under a three-year experimental framework. The initiative, which has now been submitted to the government for review, seeks to introduce regulated access…
