Russia


Policy

Bank of Russia Fields Banking Industry Concerns Over Digital Ruble Proposal

Russian banks fear being left out of the central bank's proposed digital currency system, according to a report.

russia central bank

Policy

Russian Prime Minister Pledges to 'Civilize' Crypto Market and Prevent Scams

Changes to the law will bring Russia's crypto users more protections against fraud, said Mikhail Mishustin.

Russian Prime Minister Mikhail Mishustin

Markets

Russian Hospitalized After Bitcoin Mining Farm Sets Apartment on Fire

A poorly managed mining farm in St. Petersburg, Russia, set an apartment on fire and injured the operator, according to a report.

Bitcoin ASIC miner (CoinDesk Archives)

Policy

Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting

Russia's Ministry of Finance has proposed legal amendments that would relax planned tax requirements for crypto holders, if passed.

Russian government building

Finance

Russian Hydropower Giant Opens Bitcoin Mining Farm

En+, one of the world's largest energy producers, is joining forces with crypto firm BitRiver to open new mining farms in Russia.

Bratsk hydropower plant owned by En+

Markets

A New Company Claims It’s Opening the Biggest Mining Farm in Russia

MineSpot, a company previously unknown in the crypto mining industry, is opening a 160-megawatt mining venue in Siberia.

minespot

Policy

Digital Ruble 'Promising,' Pilot Likely in 2021, Says Bank of Russia Chief

The Bank of Russia might launch its own CBDC, a digital ruble, after piloting the project at the end of next year, its chairwoman said.

Elvira Nabiullina, Bank of Russia chief

Policy

Digital Ruble Could Be Tool Against Sanctions, Bank of Russia Says

Russia's central bank says a digital ruble could make Russia less dependent on the U.S. dollar and more resistant to foreign sanctions.

Bank of Russia

Finance

Russian Metal Giant’s Tokenization Firm Expands to America

U.S. investors can invest in tokens representing rare metals as Russian mining giant Nornickel expands its tokenization firm.

Jeanine Hightower-Sellitto, CEO of Atomyze LLC

Markets

A Russian Company Is Opening a Mining Farm in the Arctic

The Arctic mining farm will host ASICs for customers, who will be charged for their electricity consumption.

Former nickel smelting plant in Norilsk, Russia