Largest Bank of Russia Prepared to Offer Cryptocurrency Trading Services
In recent developments, sberbank is awaiting approval to offer cryptocurrency custody and trading services to its over 110 million customers. The Central Bank of Russia proposed a regulatory draft to…
Russia introduces bill to criminalize unregistered crypto services
In recent developments, individuals and groups would be required to register with the Bank of Russia before offering certain crypto services, or potentially face fines and prison time. Looking closer,…
Russia-linked crypto exchange Grinex halts trading after $14M hack
In recent developments, grinex has been accused by US authorities of assisting Russia and other entities in evading sanctions and laundering funds for Russia-linked hackers. Looking closer, market participants highlight…
Russia Moves to Formalize Cryptocurrency Market With New Legislation
In recent developments, a set of bills to formalize and regulate crypto transactions was introduced to Russia’s State Duma last week. The legislation amends existing laws to allow both qualified…
Russia moves to narrow crypto trading to regulated intermediaries
In recent developments, russia approved a draft crypto bill package that would push trading through licensed intermediaries and cap retail purchases at $3,700 annually. Looking closer, market participants highlight key…
Russia targets unregistered crypto miners with new criminal penalties
In recent developments, russia’s justice ministry proposed fines and prison for illegal crypto mining, as officials say most miners still haven’t joined the tax register. Looking closer, market participants highlight…
Bitcoin tops $90,000, Oil rises as Russia-Ukraine peace hopes falter
In recent developments, russia and Ukraine conducted attacks on key energy infrastructure, affecting peace deal prospects despite ongoing diplomatic efforts. Looking closer, market participants highlight key drivers such as liquidity…
Russia’s central bank signals shift toward retail crypto access
In recent developments, russia’s central bank has submitted draft that would allow non-qualified investors to purchase crypto, but only under strict conditions. Looking closer, market participants highlight key drivers such…
Central Bank of Russia Acknowledges Bitcoin Mining as a Ruble Strengthening A…
In recent developments, the Central Bank of Russia recently referred to the properties of bitcoin mining and how it could help strengthen the Russian ruble. Elvira Nabiullina, head of the…
Belarus blocks ByBit, Bitget, OKX as Russia clamps down on crypto gray area
In recent developments, belarus blocked major crypto exchange domains the same day Russia signaled it may ease regulated crypto access requirements while clamping down on the gray market. Looking closer,…
