Russia’s Rosseti Eyes Crypto Mining to Utilize Power Surplus
Rosseti, Russia’s largest power grid operator, plans to utilize underutilized power centers for crypto mining, aiming to boost revenue…
Russia’s President Vladimir Putin Backs Bitcoin
Vladimir Putin, the President of Russia, has stated that Bitcoin cannot be prohibited and has expressed his support for the advancement of…
Hydra Market Founder Get Life Sentence in Russia
Hydra market founder, Stanislav Moiseev, was sentenced to life in prison by a Russian court for running a $5 billion crypto-fueled black…
Russians Hold $6.8B in Crypto on Exchanges
The Bank of Russia says that Russian crypto holdings on centralized platforms are still worth billions of rubles, even though the prices are…
Russia Passes Crypto Tax Law, Updates Digital Currency Rules
Russia’s Federation Council approved a new crypto tax law classifying digital currencies as property, exempting mining and transactions…
Russia-linked Hackers Exploit Firefox, Windows Flaws
RomCom, a Russian-linked hacker gang, is targeting Firefox browser users and Windows device owners in Europe and North America with two new…
Vladimir Putin Backs New Crypto Mining Limits
From 2024 to 2031, Russia will implement energy caps, impose taxation on regulated operations, and impose crypto mining restrictions in 13…
Russia to Ban Crypto Mining in Occupied Ukraine Starting December
Russia will ban crypto mining in occupied Ukrainian territories, including Donetsk, Lugansk, Zaporizhia, and Kherson, starting December 2024,…
Russia Accepts 15% Tax on Crypto Mining, Transaction
According to a November 19 Interfax article, Russia has accepted an amendment to a draft bill imposing taxes on cryptocurrency transactions…
Russia Proposes Regional Crypto Mining Restrictions
Although the crypto mining industry has been declared pertinent for Russia by the authorities, their actions demonstrate that the development…
Russian Banks: CBDC Costs too High for Small Lenders
Experts caution that the substantial investment necessary to participate in the digital ruble platform may be prohibitive for small Russian…
Discord Ban in Russia
The Washington Post reports that Russia is blocking the chat app Discord, joining Facebook and X, which have been blocked since the war with…
BitRiver Sees Russia Surpassing U.S. in Bitcoin Mining
Crypto mining company BitRiver, under sanctions, says that Russia may soon be able to mine more than the U.S. because of better rules U.S.…
Survey Shows 20% of Russians Use Crypto
According to a recent survey, approximately 20% of Russians have utilized cryptocurrency, while 66% know its existence but lack comprehensive…
BitRiver CEO Worth $230M, Russia Outpace US
According to a Bloomberg article, Igor Runets, the CEO of BitRiver, is valued at $230 million. The chief of crypto mining has stated that…
Russia to Test Crypto Payments for Military Imports
The Russian government has established a focus group to investigate the potential of crypto payments in foreign commerce under an experimental…
Russia plans to launch Crypto Exchanges
A Kommersant report noted that Russia might consider creating at least two crypto exchanges to support foreign economic activity. According to…
BRICS Officially Introduces New SWIFT-Like Financial System
The BRICS nations are now looking to create a new financial system to compete with the SWIFT system, which has some similarities. The BRICS…
Ukraine Speeds Up AI War Drones
A handful of Ukrainian entrepreneurs are creating AI systems to operate a massive fleet of drones, sending conflict into uncharted territory…
Russia’s Kaspersky Labs to Exit U.S. Market
On Monday, over a month after the Biden administration banned US sales of Kaspersky Labs, the Russian anti-virus software firm announced it…