Russia
Asia Morning Briefing: Why Russia-Linked Stablecoin Issuer A7A5 Could Exhibit at Token2049 Despite Singapore Sanctions
Singapore made a bold move in its usual foreign policy of neutrality by sanctioning Promsvyazbank, a bank associated with the ruble stablecoin issuer A7A5, due to Russia's invasion of Ukraine. But A7A5 was able to legally make an appearance at Token2049 because the conference is organized by a Hong Kong entity.
U.S. Blacklists Crypto Network Behind Ruble-Backed Stablecoin and Shuttered Exchange Garantex
U.S. officials accused Garantex, Grinex, A7A5 token issuers and executives of laundering ransomware proceeds and evading sanctions.
Russia Creates Registry of Crypto Mining Equipment to Tighten Oversight
Officials say the list will help identify miners and enforce new tax and energy rules as Russia formalizes the crypto sector.
Russian State Giant Rostec Plans Ruble-Pegged Stablecoin, Payment Platform on Tron: TASS
RUBx, based on the Tron blockchain, will be anchored to the Russian ruble and integrated with the country’s banking system.
Moscow Exchange Launches Bitcoin Futures for Qualified Investors
Sberbank, Russia’s largest bank, is also launching bitcoin futures and structure bonds tied to BTC.
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
