Russia Archives - Page 5 of 6

Russia Considers Crypto for Settling Grain Exports

Leave a Comment / Crypto News, Cryptocurrency, Russia / best time

The Agricultural Bank of Russia is considering crypto-based tools as an alternative to traditional settlement methods for exporting over 49.5 million tonnes of grain. This measure could open the agricultural commodities market to digital assets, pioneering this use case. Russia Mulls Crypto Settlements for Grain Exports Russia is increasingly open to crypto adoption. The Russian […]

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US Dollar Faces Test as Economist Sees Yuan, Rupee, Ruble Rising

Leave a Comment / de-dollarization, Economics, Russia / best time

Global de-dollarization is surging as a leading economist confirms nations are accelerating the shift to local currencies, reshaping global finance with a powerful multi-currency push. Economist Sees Power Shift as Yuan, Rupee, Ruble Eat Into US Dollar’s Dominance Global de-dollarization is accelerating as countries shift to a multi-currency system, using alternatives to the U.S. dollar

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Russian Couple Kidnapped in Crypto Trap—Escape Sets off Global Hunt

Leave a Comment / Argentina, Featured, Russia / best time

Crypto-fueled chaos strikes again as a Russian couple is rescued from a Buenos Aires kidnapping tied to a digital ransom, sparking a global manhunt. Russian Couple Abducted in Crypto Sting—Kidnappers Flee to UAE A Russian couple has been rescued in Buenos Aires after reportedly being kidnapped and released following a $43,000 ransom paid in cryptocurrency.

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Russian banks to offer crypto products amid rising domestic activity

Leave a Comment / Adoption, Bitcoin, Ethereum, Regulation, Russia, Stablecoins, US / best time

Russia’s central bank has announced plans to allow financial institutions to offer crypto-linked investment products to qualified investors, according to a May 28 statement. The Bank of Russia explained that it will allow instruments such as derivatives, tokenized securities, and other digital financial products that reflect crypto price movements. However, these offerings must be non-deliverable,

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Russia Opens Doors to Crypto Derivatives Access for Select Investors

Leave a Comment / Crypto Regulation News, Derivatives, Russia / best time

The Russia central bank has cleared the way for limited access to crypto-linked financial products, allowing qualified investors to trade derivatives tied to digital assets under strict conditions. In a statement released Wednesday, the Bank of Russia said financial institutions may offer derivative instruments, securities and digital financial assets that reference cryptocurrency prices. However, these

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BRICS Bank Fuels Russia’s De-Dollarization Push—Global Finance Faces Reset

Leave a Comment / brics, Economics, Russia / best time

Russia is turbocharging its de-dollarization drive through the BRICS Bank, championing non-dollar financing and pushing a multipolar system to disrupt Western dominance in global finance. Russia Unleashes Non-Dollar Push With BRICS Bank—Is the USD Era Crumbling? Russian Deputy Foreign Minister Sergey Ryabkov reaffirmed Russia’s strategic engagement with the BRICS New Development Bank (NDB) to advance

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Russian Crypto Mining Giants BitRiver, Intelion Post Combined 0M Revenue for FY2024

Russian Crypto Mining Giants BitRiver, Intelion Post Combined $200M Revenue for FY2024

Leave a Comment / Blockchain News, Crypto Mining, Russia / best time

The Russian crypto mining sector is continuing to grow, new data reveals, with the country’s two biggest firms – BitRiver and Intelion – making $200 million in revenue in FY2024. The data was compiled and published by the Russian media outlet RBC, and shows that BitRiver and Intelion alone have cornered over 50% of the

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AML Agency Tells Russians: Crypto Exchanges Send Us Your Transaction Data

Leave a Comment / Blockchain News, crypto exchange, Russia / best time

Moscow’s AML agency has warned Russians that crypto exchanges and brokers operating in the country are providing police with transaction data. Per the Russian media outlet RBC, the claim came from Olga Tisen, head of the legal department of the Federal Service for Financial Monitoring (Rosfinmonitoring). Warning for Russians: Crypto Exchanges Are Working With Police

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Russian Court Orders Detention of Crypto Game Co-Founder on Fraud Charges

Leave a Comment / Cryptocurrency, Regulation, Russia / best time

Russian law enforcement has arrested the co-founder of the crypto game Blum in Moscow as part of a criminal investigation into large-scale fraud. Smerkis Steps Down as Blum CMO Russian law enforcement arrested Vladimir Smerkis, co-founder of the crypto game Blum, in Moscow as part of a criminal investigation into large-scale fraud. The announcement of

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New Central Bank Crypto Rules ‘Will Ban USDT Trading in Russia’

Leave a Comment / Altcoin News, Russia, USDT / best time

New Central Bank crypto regulations could effectively outlaw Tether (USDT) trading in Russia, experts have explained. However, they say that the new rules would not preclude Russian firms from using USDT or other stablecoins as payment or settlement tools in cross-border trade deals. USDT Trading in Russia: Under Threat? The media outlet RBC reported that

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