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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.
Bank of Russia: Stock Exchanges Should Avoid Crypto-Related Funds
The Central Bank of Russia announced Thursday stock exchanges in the country should avoid listing investment products related to cryptocurrency prices. “The Hash” panel discusses the underlying nuances for central banks controlling the money supply.
Senators Urge E-CNY Ban, Russia Woos Crypto Miners
US Senators urge Team USA to ban the use of E-CNY. Russia woos crypto miners with green credentials, and street performers embrace digital payments. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Russian Industry Association Works to Attract Crypto Mining
The Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (RACIB) is working with local authorities and state-owned enterprises to attract crypto mining firms to the country as they migrate away from China. "The Hash" hosts discuss bitcoin miners breaking new ground in Russia and neighboring Kazakhstan and the implications for the wider mining community.
Russia and China Moving Their CBDC Projects Forward
Central bank digital currency (CBDC) initiatives around the world are ramping up. The Bank of Russia has reportedly named 12 banks to develop a prototype of the digital ruble by December. Meanwhile, the CBDC trials have reached Beijing’s subways as passengers can now use the digital yuan to pay their fares.
Russian Political Activists Are Encouraging Crypto Donations, Education
Russian political activists aligned with Alexei Navalny are asking supporters to make donations using crypto to avoid financial surveillance. The activists are also encouraging their supporters to learn about crypto and are offering educational materials. "The Hash" panel discusses the situation in Russia and the use case of crypto as a censorship-resistant form of money.
Russian Media Company Begs for Crypto Donations as Kremlin Cracks Down on the Press
Meduza, a Russian news outlet, is asking for crypto donations after losing advertising revenue after the Russian Justice Ministry designated the publication as a foreign agent. "The Hash" panel discusses how Meduza's situation presents an excellent use-case for bitcoin and cryptocurrencies.
U.S. Imposes Sanctions on Russia for Cyber Attacks, Election Interference
The U.S. government has imposed new sanctions on Russian entities, including several digital currency addresses, for their involvement in the SolarWinds cyber attack and election interference. Nik De breaks down what we know so far about the sanctions. Plus, Gary Gensler has been confirmed as SEC chairman. Here's what that means for the crypto space.
Russia Floats Blockchain Based System as SWIFT Alternative
The Russian Foreign Affairs Ministry is reportedly considering blockchain technology as an alternative to SWIFT, the global payments network. The country's leaders have recently voiced concerns that they might be cut off from SWIFT, prompting them to search for different options. "The Hash" panel weighs in on the role of blockchain in geopolitical struggles.
Russia's Cybercriminals Are Literally Digging Up Their Crypto Cash-Outs
A service being advertised on a Russian darknet marketplace allows cybercriminals to untraceably cash out of their cryptocurrencies. "The Hash" panel breaks down the extreme lengths being taken, including burying vacuum-packed cash.
