Tag: russia crypto news

May 23 2022

Bitcoin Mining Farm – A Psychiatric Clinic – Uncovered In Moscow’s Oldest Prison

Law enforcement officers have uncovered a psychiatric clinic at Russia's oldest prison that was secretly converted into a bitcoin mining farm. A deputy warden and his accomplices are under investigation for their suspected role in constructing the crypto farm after being accused of stealing electricity to produce digital currencies. The Butyrskaya prison in the Tverskoy District of central Moscow is one of the...

Mar 12 2022

Russians Are Flooding Their Ventures To Dubai Using Crypto

Russians are headed toward crypto platforms of the United Arab Emirates (UAE) in an attempt to save their fortunes, requesting crypto firms to liquidate billions of dollars, as per Reuters. Similarly, some of them want to buy real estate...

Mar 08 2022

Russian Crypto Market Continues To Boom Despite The U.S. Sanctions

According to a report from Bloomberg, sanctions against Russia haven't dampened the enthusiasm of cryptocurrency investors. Bitcoin trading volume in Russian native currency, Ruble, has broken its all-time highs this year on Saturday, per the blockchain...

Feb 28 2022

U.S. Banks Brace For Retaliatory Ransomware Attacks From Russia

Feb 28 2022 Published at Bitcoinist.com under tags  bitcoin russia crypto news

Major U.S. banks are expecting retaliatory ransomware attacks following the imposition of tough sanctions on Russia for invading Ukraine, cyber specialists and executives say. Tensions between Russia and the West worsened Saturday as the US and its allies attempted to block some Russian banks from the SWIFT international payment system and imposed restrictions on the Russian central bank's foreign holdings. SWIFT (Society for...

Feb 19 2022

Russia Looking At $13 Billion In Tax Collections If Crypto Bill Is Approved

Feb 19 2022 Published at Bitcoinist.com under tags  bitcoin btc cbdc crypto cryptoasset

Russia is making a headway in finalizing its crypto bill, with the Ministry of Finance seeking the assistance of the public in improving the regulation of digital assets by middle of next month. A prior notice the ministry calls “On Digital Currency,” will expound on a public consultation to: 1 - Set regulatory rules for...

Feb 17 2022

Russian Finance Minister Supporting Crypto Regulations Rather Than Complete Ban

On Wednesday, February 16, 2022, the Russian financial ministry expressed a soft corner for the development of cryptocurrency. The ministry asked for Government help to regulate crypto investing, trading, and mining in Russia rather than putting a complete ban on it as advised by the central bank of Russia. Related Readings |...

Feb 10 2022

North Korea Fires Crypto Bomb At US, Calls It ‘King of Theft’

North Korea has always hogged the headlines - not only for its "habitual" firing of ballistic missiles (which irks Uncle Sam and his allies) - but also for its passion for (allegedly) stealing other countries' crypto. On Thursday, (Feb. 10), North Korea accused the US of stealing funds and committing underhanded cybercrime just days after the United Nations accused Pyongyang of conducting cyberattacks...

Jan 29 2022

Russia Will Not Ban Crypto; Here’s Why!

The Central Bank of Russia had proposed a blanket ban on crypto just recently, however, there has been a change of plans. The Russian Government has now initiated a formation of a roadmap that will be responsible for introducing restrictions on cryptocurrency. Related Reading |...

Jan 24 2022

Russia’s Central Bank to Ban on Crypto Mining and Trading

Russia, one of the world’s most crypto influential nations, announced its intentions to regulate these digital currencies. The Russian Central Bank recently proposed a ban on crypto mining and trading within its borders. Citing threats that could affect financial stability and citizens' wellbeing. The global cryptocurrency craze has gone too far. Governments are getting scared of...

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