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Russia's Lawmaker Proposes Bitcoin Reserve to Mitigate Geopolitical Risks
- The proposal involves using Bitcoin as an alternative to traditional state reserves in currencies like the U.S. dollar, euro, and yuan.
- Bitcoin is considered a decentralized and secure asset that is immune to geopolitical pressures.
Tuesday, 10/12/2024 | 20:45 GMT by
Jared Kirui
Putin Touts Bitcoin as Russia Embraces Crypto to Counter Sanctions
- Recent laws in Russia exempt crypto mining from VAT and have established a clear regulatory framework for the sector.
- The Russian President asserted that no one can ban Bitcoin, highlighting its resilience in the financial space.
Wednesday, 04/12/2024 | 15:31 GMT by
Jared Kirui
BTC over USD: Will BRICS Adopt Putin's Ambitious Alternative Payment System?
- At the BRICS Summit 2024, there was discussion of blockchain and alternative payment systems.
- Earlier this month, the European Central Bank published a report hostile towards Bitcoin.
Friday, 25/10/2024 | 10:53 GMT by
Sam White
CySEC Extends Russia-Linked Otkritie Broker Director Ban Implementation by Six Months
- The decision to prohibit Otkritie Broker Ltd's sole director from exercising management duties was postponed.
- This marks the second six-month delay in implementing the ban announced by the regulator.
Wednesday, 02/10/2024 | 10:31 GMT by
Damian Chmiel
US Charges Two Russian Nationals in Money Laundering Scheme Involving Crypto Exchanges
- DOJ, in partnership with international partners, seized domain names connected to illegal crypto exchange operations.
- One individual is accused of laundering over $1.15 billion through crypto transactions.
Thursday, 26/09/2024 | 21:27 GMT by
Jared Kirui
Binance Serves Users Despite 2023 Exit, Sees 43% Decline in Russian Traffic
- The firm's Russian-language Telegram channel remains active, providing updates to 130,000 subscribers.
- It claims to have exited Russia; despite a drop, the country still accounts for 6% of its total website traffic.
Thursday, 26/09/2024 | 08:33 GMT by
Tareq Sikder
Russia Legalizes Cryptocurrency Mining in New Law Signed by Putin
- The legislation only allows registered Russian legal entities and individual entrepreneurs to engage in cryptocurrency mining.
- It also permits trading foreign digital financial assets on Russian blockchain platforms.
Thursday, 08/08/2024 | 20:00 GMT by
Jared Kirui
Moscow Exchange Pauses Dollar and Euro Trading Following Latest US Sanctions
- Russian central bank plans to use over-the-counter trading data for official exchange rates.
- The bank has urged individuals and companies to buy and sell USD and euros from local banks.
Wednesday, 12/06/2024 | 17:46 GMT by
Jared Kirui
CommEX Shuts Down Only 6 Months after Acquiring Binance's Russia Business
- The platform suspended services from March 20 and will complete the shutdown of website access by May 10.
- Operated by a Seychelles-registered firm, details regarding ownership and operations of CommEX remain limited.
Monday, 25/03/2024 | 11:36 GMT by
Tareq Sikder
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