Miners Account for More Than 2% of Total Energy Consumption in Russia
More than 2% of the total amount of electricity generated in Russian is consumed by citizens and companies involved in crypto mining.
Moody’s: Cryptos Will Not Help Russia Avoid Western Sanctions
According to analysts from international rating agency Moody’s, cryptos are not an effective solution for Russia to circumvent sanctions.
Visa and Stripe Suspend Bankoff Cards
The Bankoff service announced on May 3 to its customers Visa and Stripe were suspending the company’s virtual cards.
Binance to Limit Functionality of Accounts Belonging to Russian Users with More Than 10,000 Euros
Cryptocurrency exchange Binance continues to limit the opportunities for Russian traders.
Central Bank of Russia: Pilot Settlements with the Digital Ruble Will Start Next Year
The Bank of Russia Governor Elvira Nabiullina has said that the tests of the national digital currency (CBDC) are going well.
Binance Introduces Restrictions for Russian Users
Crypto exchange Binance has announced restrictions for the accounts of residents of Russia whose total value of crypto assets exceeds €10,000.
IMF Fears Russia Could Bypass Sanctions with Bitcoin Mining
The International Monetary Fund (IMF) believes that Russia can avoid economic sanctions through cryptocurrency mining.
