Russia
Russia’s Largest Bank Sberbank Launches Structured Bonds Tied to Bitcoin
The structured product gives exposure to BTC price changes and USD/RUB exchange shifts.
Russia Says Financial Institutions Can Offer Crypto-Linked Instruments to Qualified Investors
The Bank of Russia said "financial institutions may offer qualified investors financial derivatives, securities, and digital financial assets whose yields are linked to cryptocurrency prices."
Russian Police Arrest Suspect in $3.2M Illegal Mining Operation: Report
A similar mining scheme occurred in the region in 2022.
Binance's Former Russia Head, Blum Co-Founder Arrested in Connection to Fraud Case
Smerkis worked for Binance from 2022 for just under two years.
Russia's Finance Ministry to Offer Crypto Trading to 'Highly-Qualified' Investors: Report
The exchange will "legalize crypto assets and bring cryto operations out of the shadows," Finance Minister Anton Siluanov said
Russia Turns to Crypto to Bypass Western Sanctions in Oil Trade: Reuters
While fiat currencies remain the primary method, crypto is seen as a convenient and flexible tool for transactions.
Bank of Russia Proposes Crypto Investment Pilot for High-Net-Worth Investors
The central banks aims to establish standards for crypto-related services and increase market transparency while expanding investment opportunities for wealthy investors.
Ukraine Ceasefire Breakthrough Sends Markets Into Green; Bitcoin Retakes $83K
Also giving a boost was an easing in trade tensions between the U.S. and Canada.
Tether Freezes $28M USDT on Russian Crypto Exchange Garantex
"Tether has entered the war against the Russian crypto market and blocked our wallets worth over 2.5 billion rubles," Garantex said.
U.S.-Sanctioned Countries Such as Iran Leaning Heavily Into Crypto: Chainalysis
A new report from the analytics firm says that sanctioned jurisdictions and groups were responsible for 39% of illicit crypto transactions last year.
