Russian Power Giant Rosseti Embraces Bitcoin Mining to Monetize Excess Capacity
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US Charges 2 Russian Nationals in Crypto Money Laundering Scheme, Offers $10 Million Bounty
U.S. authorities have charged Russian citizens Sergey Sergeevich Ivanov and Timur Shakhmametov for allegedly operating a cryptocurrency money laundering service tied to Russian cybercrime. The U.S. Department of State has issued a $10 million bounty for information leading to the arrest or conviction of each. International Crackdown on Russian Cybercrime The United States Treasury, in
Russian Ministry Officials ‘Took BTC, ETH Bribes from Crypto Exchange Exec’
Last updated: April 18, 2024 19:30 EDT | 3 min read Russian Ministry of Internal Affairs officials took a $53.2 million Bitcoin and ETH bribe from a crypto exchange executive, a major newspaper in the country claimed this week. Per Kommersant, the officials were named Georgy Satyukov and Dmitry Sokolov, employees at “one of the
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Russian Fintech Startups Join Digital Ruble Pilot
Last updated: April 7, 2024 19:30 EDT | 2 min read Russian fintech firms have begun joining the country’s digital ruble pilot, as the Central Bank looks to widen the scope of its CBDC project. Per the Russian media outlet Cnews, SimbirSoft and Sinara Lab will help the Central Bank and its banking partners “implement
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Russian Banking Association Launches ‘Digital Assets Council’
Last updated: January 30, 2024 23:57 EST | 2 min read Russia’s biggest securities and banking association has launched a “council” for the self-regulation of “digital assets.” Per RBC and an official National Association of Stock Market Participants (NAUFOR) announcement, the NAUFOR’s Board of Directors created the council on January 30. NAUFOR is a self-regulatory
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Russian Lawmakers Urge Central Bank to Rethink Digital Ruble Plans
Source: Alex Zarubi/Unsplash Russian lawmakers want the country’s Central Bank to ditch its current retail model digital ruble in favor of a wholesale alternative. Per Interfax, three State Duma committees submitted a joint response to the Central Bank’s monetary policy report for 2024-2026. The committees said they want the Central Bank to “return to considering”
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More Russian Banks Say They’ll Join Digital Ruble Pilot – CBDC Advances?
More Russian Banks Say They’ll Join Digital Ruble Pilot – CBDC Advances? Source: Vladimir/Adobe More Russian banks will join the digital ruble pilot, with Center-invest Bank, which mainly operates in the nation’s south, set to trial the CBDC next year. Per Rostov Gazeta, Center-invest Bank has “signed a digital ruble [partnership] agreement with the [CBDC’s]
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