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.
Russian Central Bank Lists “Systemic Threats” of Cryptocurrencies
The Bank of Russia has published a report for 2021, in which it has pointed out the risks associated with cryptocurrencies.
Russia Wants to Force Citizens to Mine Bitcoins Using Russian-made Devices
The Ministry of Industry and Trade of the Russian Federation believes that Russian miners should use locally-made devices.
Bank of Russia Admits it Cannot Use Cryptos to Avoid Sanctions
The use of cryptocurrencies to circumvent sanctions, especially in terms of payments for large amounts, is impossible.
Hydra and Garantex Hit by US Sanctions
The US Department of the Treasury has imposed sanctions on the darknet marketplace Hydra and the cryptocurrency exchange Garantex.
Russian Ministry of Finance Says Sanctions Are a Motivation for Development of Infrastructure for Crypto Market
The country should now be more motivated to create its own infrastructure for the cryptocurrency market.
