Russia bans the general circulation of cryptocurrency to boost ruble dominance and control the crypto market, with exemptions for miners and Central Bank projects. Debate has erupted over the necessity…
Browsing: Russia Crypto Ban
The US Treasury undersecretary has highlighted Russia’s alleged use of Tether (USDT) to bypass international sanctions and finance its military activities. Adewale O. Adeyemo has urged policymakers to grant the…
The US government sanctions aim to disrupt entities facilitating transactions or providing services that assist OFAC-sanctioned entities in circumventing sanctions. Among the entities sanctioned is B-Crypto, a Moscow-based fintech firm…
Bank of Russia admits that the country’s international payments dream is impossible without crypto. Russia is considering establishing a legal framework for cryptocurrencies after seeing its access to the global…
The President’s actions follow different opinions about the issue by the nation’s leaders and regulators. Despite the ban, Putin has previously shown support for Bitcoin mining. On Friday, Russian President…
A working group tasked by President Putin has developed a cryptocurrency “road map” to navigate the digital asset industry in Russia. The draft champions rules and regulations for the crypto…
The Telegram founder said that a crypto ban would slow down the development of blockchain technologies in the country. Russia’s opposition leader Alexei Navalny has shared his view saying it…