Russia plans to implement cross-border crypto payment rules
According to a fintech specialist in the Russian State Duma, Russia may be the first nation in the world to permit cross-border cryptocurrency transfers while outlawing domestic cryptocurrency payments. On Tuesday, Russian Prime Minister Mikhail Mishustin gave the cabinet the official order to reach an agreement on crypto legislation in Russia by December 19, 2022. […]
Russians within European Union banned from using BitMEX
BitMEX cryptocurrency exchange in an attempt to strengthen compliance with the European union’s sanctions against Russia is restricting its services to Russian users. Cointelegraph has discovered that BitMEX is altering its policy regarding prohibited jurisdictions in order to comply with the different restrictive restrictions adopted by the European Union. On Monday, the BitMEX cryptocurrency exchange […]
Gazpromneft, BitRiver partner to provide hosting services for crypto
Russian gas giant Gazpromneft aims to reduce its carbon footprint by providing its flare gas for Bitcoin mining following a recent partnership with BitRiver a leading crypto-mining service provider. Gazpromneft, Russia’s state-owned gas company, has partnered with BitRiver, Russia’s leading crypto-mining colocation services provider, to provide hosting services for major crypto-mining operations. The firms officially […]
Sber to complete its first digital currency transaction
Russian banking giant Sber is ready to close its first digital currency transaction employing the bank’s unique digital asset platform in the near future. In an interview with the state-backed news agency TASS on June 15, Anatoly Popov, deputy chairman of Sber’s executive board, revealed Sber’s plans to conclude such a merger. Following a series […]
Russian Security Agency Moves To Make Crypto Exchanges Share Data With Crime Investigators
The crypto bill is accompanied by a proposed Russia’s ban on advertising non-licensed cryptocurrency services. Russia’s Federal Security Service (FSB) and Ministry of Internal Affairs (MVD) have submitted review notes on the country’s Finance Ministry’s upcoming “crypto bill.” Law enforcement agencies advocate for crypto firms to share transaction data with investigators and for the terms […]