Russia

The Bank of Russia is considering a plan to permit cryptocurrency purchases, but only for a limited category of highly experienced investors. This potential policy shift comes under a newly proposed experimental legal framework.…
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Last year, Russia's Rosseti Group claimed losses of more than $14 million due to unlawful cryptocurrency mining.Rosseti Group, a Russian power grid firm, said that "dark" cryptocurrency mining networks caused more than 1.3 billion…
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Rosseti intends to convert dormant power into revenue for Russia's utility by recycling surplus energy through Bitcoin mining.According to the local news agency TASS, Rosseti, Russia's state-owned electricity company, is purportedly…
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A government commission may modify the Russian crypto mining prohibition in response to energy demand assessments, but it is currently focused on energy-subsidized regions.The Council of Ministers has authorized the Russian crypto…
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Authorities arrested 84 Russians and seized £20 million in cash and crypto to break up a laundering network.US and European authorities participated in the NCA-led operation. The operation led to 84 arrests and the confiscation of…
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U.S. authorities have initiated charges against Russian media executives and have sanctioned entities that are associated with an effort to influence American elections.The administration of President Joe Biden has imposed sanctions…
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Given the traceability of blockchains and the potential for even more stringent sanctions against Russia, experts are skeptical that it will be successful.Recent statements from senior Russian leaders indicate that the law's objective…
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A recent analysis from TRM Labs suggests that hackers who speak Russian dominate the ransomware industry, grabbing roughly 70 percent of the revenue from illegal crypto transactions in the year 2023.A total of approximately $320…
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The Russian government will not outright prohibit the use of cryptocurrencies, contrary to what some have said.A politician in Russia has denied reports that the nation is considering a total ban on cryptocurrency turnover due to…
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Firms in Russia will be able to employ "digital financial assets" in the international payments area if lawmakers in the country pass new laws this week.Even though many Russian companies are currently trading with foreign partners…
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