Cryptocurrency Market

  • Market Cap: $3,699,505,263,175.49
  • 24h Vol: $378,826,981,669.61
  • BTC Dominance: 52.80%

russian

‘evil-crypto’-can-be-used-in-foreign-trade,-russia’s-deputy-finance-minister-says

‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says

Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing crypto in foreign trade transactions, he indicated. Russia Plans to ‘Experiment’ With Cross-Border Crypto Payments Amid Sanctions […]

‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says Read More »

no-rate-hikes-in-russia,-central-bank-keeps-interest-rate-level-again

No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again

Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures, up to 2.0% for 2023. Bank of

No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again Read More »

almost-50-russian-banks-accept-yuan-deposits-amid-low-demand-for-dollar-accounts

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro Accounts Expected to Drop Further, Requests for Yuan

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts Read More »

brics-currencies-to-have-no-alternative,-former-russian-president-medvedev-says

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says

Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a whole, the Russian politician said. Ruble, Yuan, Other BRICS Currencies to Take Over

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says Read More »

binance-reportedly-removes-restrictions-on-russian-users

Binance Reportedly Removes Restrictions on Russian Users

The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa

Binance Reportedly Removes Restrictions on Russian Users Read More »

us-court-sentences-russian-crypto-ransom-launderer-to-probation-and-fine

US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine

A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the U.S. last year. Oregon Court Sentences Russian for Processing Ryuk Payments A Russian national

US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine Read More »

russia-to-work-with-digital-currencies-of-other-nations

Russia to Work With Digital Currencies of Other Nations

The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled. Digital Ruble Platform to Support Integration With Other CBDCs, Bank of

Russia to Work With Digital Currencies of Other Nations Read More »

russia-developing-payment-gateways-with-partners-like-turkey,-mulling-crypto-settlements

Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements

Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental use of cryptocurrencies in foreign economic activities, its head was quoted as saying. Russia’s Central Bank ‘Actively Working’ With Turkey on New Payment Gateways The

Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements Read More »

russian-law-enforcement-prepares-to-seize-crypto-assets,-seeks-permission-to-set-up-wallets

Russian Law Enforcement Prepares to Seize Crypto Assets, Seeks Permission to Set Up Wallets

Russian investigators are pressing the parliament and government in Moscow for permission to open their own cryptocurrency wallets. This would allow law enforcement agencies to seize digital assets during criminal cases and eventually sell them, something that authorities in the United States and Europe already do. Russian Prosecutors Lobby for Powers to Confiscate and Auction

Russian Law Enforcement Prepares to Seize Crypto Assets, Seeks Permission to Set Up Wallets Read More »

russia-takes-second-place-rank-by-power-capacity-in-crypto-mining,-reports

Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports

Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year. 1 GW of Electrical Power Involved in Crypto Mining in

Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports Read More »