How Kyrgyzstan’s Stablecoin Is Helping Russia Evade Sanctions
A7A5, a ruble-backed stablecoin launched in Kyrgyzstan to help Russia facilitate cross-border payments and bypass international sanctions, has moved $9.3...
Russia
Russia Paying Teenage and Untrained Spies Using Bitcoin: Report
In brief A recent Reuters report details how Russian intelligence agencies used Bitcoin to pay a teenage spy who was...
Crypto CEO linked to Russia accused of laundering $500 million
Signage is seen at the United States Department of Justice headquarters in Washington, D.C., August 29, 2020.Andrew Kelly | ReutersFederal...
Russia’s Largest Bank Sberbank Launches Structured Bonds Tied to Bitcoin
Sberbank, Russia’s largest bank, has introduced a new structured bond that tracks the price of bitcoin and the dollar-to-ruble exchange...
Bank of Russia Approves Crypto Investments for Qualified Investors
Russia’s Central Bank has approved the trading of financial instruments tied to crypto prices for qualified individuals. However, these instruments...
Russian banks to offer crypto products amid rising domestic activity
Russia’s central bank has announced plans to allow financial institutions to offer crypto-linked investment products to qualified investors, according to...
Russia arrests Blum co-founder Vladimir Smerkis on fraud charges
Vladimir Smerkis, a co-founder of the Telegram-based crypto project Blum, has reportedly been arrested in Moscow, Russia, on fraud allegations,...
Central Bank of Russia rates Bitcoin the top global investment since 2022
The Central Bank of Russia has ranked Bitcoin as the most profitable investment over the past year, outperforming traditional assets...
SWIFT battling Russia, China’s crypto use to dodge sanctions
The Society for Worldwide Interbank Financial Telecommunications (SWIFT), the Western-led global financial transfer system, has implemented various control measures for...
Russia Provides Major Update on BRICS Currency Launch
BRICS member Russia is eager to launch a new common currency to challenge the US dollar globally. During the previous...