Russia

After Tether Ban, Russia Eyes Ruble-Pegged Stablecoin, Says Finance Ministry.
A top finance ministry official has stated that Russia ought to be considering its own stablecoins that are backed by fiat money. A Reuters report from April 16 stated that…

Putin Proposes Russian Regions with Surplus Power to Mine Cryptocurrency.
President Vladimir Putin says Russian regions with extra power should mine cryptocurrency. However, he advised miners to avoid places where networks are under strain. On November 19, the Russian President…

Russia Unveils New Cryptocurrency Legislation to Increase State Control Over Digital Assets.
On Friday, the Russian government published a paper outlining a bill that President Vladimir Putin signed into law, expanding the rules governing digital money. This new law greatly expands government…

Russia Proposes Tax on Unrealized Gains for Crypto Miners.
Russian cryptocurrency miners may be required to pay taxes on coins they haven’t yet sold, according to plans revealed by the Federal Tax Service (FNS) to tax them on unrealized…

Crypto Mining Permitted Under Russian Law.
A proposal to legalize cryptocurrency mining and the sale of the extracted digital currency was introduced to the Russian State Duma, the country’s lower house of parliament, on November 17.…

Legalizing Cryptocurrency in Russia: New Laws to Ensure Cooperation With the Law.
A new law establishing international legal cooperation between Russia and other nations was signed by Bekir Bozdag, the head of the Turkish Ministry of Justice, and Prosecutor General of the…

U.K Introduces New Laws to Control Crypto Advertisements.
The British government has come up with new legislative measures to control cryptocurrency advertisements and prohibit unlicensed crypto providers from providing their services. Minister Andrew Griffith highlighted amendments to the…

US Congress keen to know what role cryptocurrencies played in Russia-Ukraine conflict.
As the war between Russia and Ukraine goes to yet another level, the US Congress is keen to know the exact role of cryptocurrencies in the conflict. On Tuesday, the…

Moscow Exchange writing bill for the Russian Central Bank: Report.
The Moscow Exchange (MOEX) is drafting a bill that will foresee trading in digital financial assets (DFAs) and securities for the Russian Central Bank. Sergei Shvetsov, the MOEX supervisory board…

Russia could use cryptocurrencies to evade Western sanctions: US Treasury.
Russian President Vladimir Putin could use cryptocurrencies to get past Western sanctions, says Elizabeth Rosenberg, US Treasury’s assistant secretary for Terrorist Financing and Financial Crimes. This was in reply to…
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