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Lawmakers say Russia won’t develop state-owned crypto exchange

0xMain
May 29, 2023

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Russian lawmakers have opted not to continue with plans to develop a state-owned crypto exchange. According to a regional newspaper, Izvestia, Russian lawmakers have scrapped plans to institute legislation that would allow the government to build a crypto platform. Instead, the legislature chose...

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Crypto miner migration could give Russia control over 18% of bitcoin hashrate

0xMain
May 8, 2023

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Analysts predict that increasing regulatory pressure, energy costs and tax burden, in countries such as the U.S. and Kazakhstan could lead to a new migration of crypto miners to Russia. The analysts suggest that Russia has the potential to increase its share of...

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US DoJ reportedly investigating Binance for violating sanctions against Russia

0xMain
May 6, 2023

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Binance is reportedly under investigation by the United States Depart of Justice (DoJ) Department’s national security division over suspicions of illegally allowing Russians to evade sanctions and move money through the exchange. Binance accused of breaching Russian sanctions According to five sources who...

Russia ascends to second place in the global bitcoin mining race

0xMain
April 24, 2023

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In a dramatic shift in the global landscape of cryptocurrency mining, Russia has surged ahead to become the world’s second-largest bitcoin (BTC) mining hub, with the US maintaining its position as the leader. This development has significant implications for investors, businesses, and enthusiasts...

Binance claims to comply with sanctions against Russia

0xMain
April 19, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In response to recent reports that Binance has removed restrictions on crypto accounts held by Russian nationals and entities exceeding €10,000 ($12,000), a spokesperson for the world’s largest cryptocurrency...

Pussy Riot’s Tolokonnikova wanted in Russia for ‘offensive’ NFT

0xMain
March 31, 2023

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In a gripping development, Russia’s Interior Ministry has reportedly added Nadya Tolokonnikova from Pussy Riot to its list of wanted persons. The specific criminal offense prompting this action remains unclear. However, earlier this year, Russian authorities initiated an investigation into Tolokonnikova for “insulting...

Russia will use Chinese yuan for transactions, avoiding sanctions

0xMain
March 22, 2023

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A shift in the digital currency environment may occur due to Russia’s latest decision to utilize the Chinese yuan instead of the U.S. dollar in trade settlements with nations in Asia, Africa, and South America. Despite Russia’s choice having nothing to do with...

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Russia pushes foreign CBDC transactions as sanctions tighten

0xMain
January 12, 2023

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Amidst continuous sanctions imposed on Russia for its invasion of Ukraine, the country is accelerating its CBDC program. According to the Jan. 9 report, Russia’s central bank will research two potential cross-border settlement solutions as part of its intentions to move forward with...