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Bank of Russia Proposes Limited Crypto Investment Pilot for High-Net-Worth Investors

The Bank of Russia has submitted proposals to the government for a controlled experiment allowing a “limited group of Russian investors” to trade cryptocurrencies,...

US to Release Jailed BTC-e Operator Vinnik in Russia Prisoner Swap

Alexander Vinnik, the jailed former operator of once mighty bitcoin exchange BTC-e, is being released from U.S. custody as part of a prisoner exchange...

Russia Plans to Launch State-Linked Cryptocurrency Exchanges & Stablecoin

Key Takeaways: Russia is launching two state-linked cryptocurrency exchanges and a stablecoin tied to the Chinese yuan  The new exchanges and stablecoin will initially serve major...

Russia Seizes Over $10 Million in Bitcoin in Major Bribery Case

Key Takeaways  The seized amount of 1,032.1 BTC belonged to Marat Tambiev, a former officer in the Investigative Committee of the Russian Federation  Tambiev was convicted...

Russia Imposes Six-Year Ban on Crypto Mining in Select Regions

Key Takeaways The ban, which will last for six years until March 15, 2031 seasonal restrictions will be imposed in three Siberian regions—Irkutsk, Buryatia, and Zabaikalsky. Russia...

Russia Institutes Partial Ban on Crypto Mining to Control Energy Use, Tass Reports

The Russian government imposed a six-year ban on crypto mining in 10 regions due to the industry's high power consumption, Tass reported.The ban, which...

Russia Eyes Bitcoin Reserve to Counter Sanctions

Russia is considering establishing strategic Bitcoin reserves to fortify its economy against Western sanctions and growing geopolitical pressure, a move that could accelerate a...

Hydra Darknet Founder Sentenced to Life in Prison in Russia

Key Takeaways Reportedly, Hydra processed $645 million in crypto transactions tied to illegal activities in 2022 before shutting down As per the U.S. Treasury Department, 86%...

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