Russia


Policy

Russian Energy Minister Says Miners Should Pay More for Electricity

Using energy at retail rates for crypto miners is unacceptable, Nikolay Shulginov said.

Mining machines (GreenBelka/Shutterstock)

Policy

Putin Says Crypto Can’t Yet Replace Dollar in Settling Oil Trades: Report

The Russian president said it’s too early for that.

Russian President Vladimir Putin (Shutterstock)

Videos

Putin Signals Tolerance of Cryptocurrencies

CoinDesk’s Nikhilesh De discusses the specifics, reactions, and implications for Russian President Vladimir Putin saying crypto has value but cannot yet replace the U.S. dollar in settling oil trades.

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Videos

Putin: Crypto Can’t Yet Replace Dollar in Settling Oil Trades

Reacting to Russian president Vladimir Putin saying he doesn’t think crypto can replace the U.S. dollar in settling oil trades yet, though he believes it has value. Merkle Science’s Mary Beth Buchanan discusses the implications for Russia potentially warming up to crypto.

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Videos

US Sanctions Enforcer Blacklists a Crypto Exchange for First Time

The U.S. Treasury Department added Russia-based crypto exchange Suex.io to its list of specially designated nationals (SDNs) for its alleged role in facilitating cryptocurrency transactions for ransomware attackers. Labeled a “specially designated national,” Suex.io is in a category with suspected terrorists.

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Finance

Bank of Russia Sees Digital Ruble as a Key Project

The Russian central bank’s deputy chairwoman sees no obstacles to the launch of a CBDC.

Elvira Nabiullina, Bank of Russia chief

Finance

Eastern Europe Received Over $1B of Illicit Crypto in a Year: Chainalysis

The region is second highest for cryptocurrency scams, behind only Western Europe, a report says.

Hacker attacking internet

Markets

Founder of Alleged $95M Ponzi Nabbed in Russia, 3 More Sought

Finiko was labeled as a Ponzi scheme by the Bank of Russia but still attracted millions in investment.

Finiko founders Marat Sabirov, Kirill Doronin and Edvard Sabirov (left to right)

Videos

Russia’s Financial Monitoring Agency Will Pay $200K for Crypto Transaction Surveillance

Rosfinmonitoring, Russia’s agency for preventing crime financing and money laundering, will pay 14.7 million Russian rubles ($200,000) for a proprietary bitcoin transaction tool that helps identify crypto users and see if they are involved in criminal activities. "The Hash" squad discusses the local and international implications for Russia finally dabbling into the transaction monitoring space after three years in the making.

Recent Videos

Policy

Russia's Financial Monitoring Agency Wants to Identify and Profile Crypto Users

Rosfinmonitoring will pay $200,000 for a tool to identify crypto users and see if they are involved in criminal activities.

Detective board with evidence