Russian President Vladimir Putin’s economic advisor, Maxim Oreshkin, has proposed including crypto assets, specifically Bitcoin mining, in Russia’s balance of payments statistics. He argues that this industry presents […]
Russia Seeks Bitcoin Mining Integration in National Economic Strategy
Maxim Oreshkin, Russia’s presidential economic advisor, is advocating for the integration of Bitcoin mining into the nation’s economic framework, positioning it as a key element of the country’s […]
Russia Targets WEX Corruption: $30 Million in Assets Under Confiscation
The Russian government is taking action against alleged bribery within the cryptocurrency industry, targeting over $30 million in assets connected to Georgy Satyukov, a former Ministry of Internal […]
VTB Bank to Launch Crypto Trading by 2026: Institutional Entry into Russia’s Digital Market
Russia’s second-largest bank, VTB, is poised for a major shift in its operations with the announcement of a planned crypto trading launch through brokerage accounts by 2026. This […]
VTB Bank to Offer Direct Cryptocurrency Exposure, Set to Launch Crypto Trading Services
Russia’s second-largest bank by assets, VTB, is set to revolutionize its investment services by allowing clients direct access to cryptocurrencies. Beginning in 2026, VTB will provide brokerage accounts […]
AI Data Centers & Crypto Farms Set to Double Power Usage in Russia
Russia is facing a potential energy crisis as AI data centers and cryptocurrency mining farms are projected to significantly increase their electricity consumption over the next decade. Moscow […]
Russia Aims to Open Up Crypto Market for Ordinary Citizens
Russia is set to overhaul its crypto regulations, removing a stringent requirement that has restricted ordinary Russians from accessing digital assets. The Bank of Russia and Ministry of […]
EU Implements Tough Sanctions on Russia, Allocating $163 Billion in Frozen Assets to Ukraine
The European Union has enacted its most significant sanctions yet against Russia after lawmakers and member states agreed on a ban covering Russian gas, liquefied natural gas (LNG), […]
Putin Arrives in India for Talks on Bilateral Partnership Amidst Ukraine War
Russian President Vladimir Putin embarked on a state visit to India this Thursday, signaling a continuation of the strong diplomatic ties between the two nations amidst the ongoing […]
Putin and US Envoy Discuss Ukraine Peace Plan in Five-Hour Talks
Vladimir Putin and Kurt Volker, U.S. envoy, engaged in a lengthy five-hour discussion concerning the proposed Russia-Ukraine peace plan. Following the meeting, Yuri Ushakov, Russian Presidential Assistant, confirmed […]
Crypto Mining Impacts Russia’s Currency Market: Kremlin Official Highlights Growth
Russia’s cryptocurrency mining industry is gaining prominence, influencing the country’s currency market and raising questions about its inclusion in economic forecasts. A representative of President Putin’s team has […]
Russia Leans on Crypto Amidst Sanctions Pressures
As international sanctions intensify, Russia is turning to cryptocurrencies for payment and financial stability. This shift comes due to the increasing difficulties moving money across borders and a […]
Russia mulls easing Bitcoin regulations amid sanctions.
With Western sanctions significantly impacting its economy, Russia is exploring ways to ease restrictions on Bitcoin and other digital assets. The Bank of Russia’s first deputy chairman, Vladimir […]
Russia Expands Digital Ruble Pilot Program: Over 20 Banks Join and Crimea Joins the Experiment
The Russian government continues its expansion of the digital ruble pilot program, with over 20 banks now actively participating. This comes as the program gains momentum, processing over […]
Russia Reevaluates Cryptocurrency Rules Amidst Sanctions Pressure
In response to sweeping Western sanctions imposed on Russia following its invasion of Ukraine, the Bank of Russia is exploring ways to ease restrictions on cryptocurrencies. Vladimir Chistyukhin, […]