Russia

Russia to ban cryptocurrencies in September to protect ruble. CBDC pilot ongoing, potential adoption by 2025.

Russian lawmakers have revived plans to prohibit the circulation of cryptocurrencies nationwide, paving the way for the digital ruble.

Russia plans a potential ban on cryptocurrencies, aiming to protect its national currency, the ruble, while accommodating certain exemptions for entities like miners. The proposed legislation reflects a compromise between differing government opinions, prioritising regulatory control over broader crypto adoption.

Explore the uncharted territory of Russia's crypto underworld, where mysterious deaths and ransomware attacks have become an eerie reality. Delve into the dark side of cryptocurrency and uncover the sinister forces at play in this gripping exposé.

China and Russia have almost entirely abandoned the US dollar in all bilateral trade, paving a profitable path for the yuan.

A $20 billion USDT transaction through Russia's Garantex exchange has sparked international investigations, possibly breaching sanctions, with US and UK governments scrutinizing the involvement of shadow banking and geopolitical motives.

通过俄罗斯 Garantex 交易所进行的 200 亿美元 USDT 交易引发了国际调查，可能违反制裁，美国和英国政府正在审查影子银行的参与和地缘政治动机。

Russian police seized 3,200 crypto mining rigs in Siberia. Operators face criminal charges for stealing $2.1 million worth of electricity.

Crypto probe targets Garantex: $20B scrutinized. Focus on Tether transactions. Challenges in enforcing sanctions amid Ukraine conflict highlighted.

CommEx, Binance's successor in Russia, halts operations and stops accepting deposits. Users advised to withdraw assets as platform winds down. Closure follows Binance's sale of Russian business in 2023 amid global scrutiny and regulatory challenges. Former Binance CEO faces legal issues.