Russia Archives

Russia’s parliament makes changes to its draft bill on CBDCs

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28 May, 2023

Russia’s parliament makes changes to its draft bill on CBDCs

The changes to the CBDC draft bill include debt operation, the Russian central bank’s participation, and the access of the...

Business

Steven Stradbrooke

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9 May, 2023

Binance probed for helping Russia dodge economic sanctions

May is taking a bad turn on Binance as the exchange is under investigation for violating economic sanctions against Russia,...

Russia’s central bank to create block reward mining entities to circumvent sanctions: report

Business

Wahid Pessarlay

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23 April, 2023

Russia’s central bank to create block reward mining entities to circumvent sanctions: report

Bank of Russia Gov. Elvira Nabiullina told members of the State Duma that the banking regulator had approved a pilot...

Business

James Field

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7 April, 2023

Sanctions, Russia and ‘crypto crime’

After Russia invades Ukraine, sanctions are back on the agenda, and when it comes to getting around them, misuse of...

Russia wants BRICS nations to explore new trade currency

Business

Wahid Pessarlay

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4 April, 2023

Russia wants BRICS nations to explore new trade currency

India and Russia should take the lead in forming a financial relationship to ultimately create a new common currency, according...

Plans for Russia’s digital ruble pilot delayed indefinitely

Business

Wahid Pessarlay

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2 April, 2023

Plans for Russia’s digital ruble pilot delayed indefinitely

Reports disclosed that the bill had only managed to scale through the first reading in the State Duma, the lower...

Blockchain will provide best solution to Russia’s settlement problems, banking expert says

Business

Wahid Pessarlay

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18 March, 2023

Blockchain will provide best solution to Russia’s settlement problems, banking expert says

First Deputy Chairman of the Board of Sberbank Alexander Vedyakhin described distributed ledger technology as the future of the banking...

Russian bank issues first blockchain-based bank guarantee in Chinese yuan

Business

Wahid Pessarlay

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7 March, 2023

Russian bank issues first blockchain-based bank guarantee in Chinese yuan

Moscow Credit Bank guarantee was issued on the Masterchain blockchain platform and was denominated under Chinese yuan worth around $144,600.

UK’s Christopher Emms denies arrest in Russia over alleged involvement with North Korea

Business

Wahid Pessarlay

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25 February, 2023

UK’s Christopher Emms denies arrest in Russia over alleged involvement with North Korea

The British national stresses there is no truth to the allegations the U.S. throws, pointing out that information gathered by...

4 Forsage founders indicted in Oregon over $340M Ponzi scheme

Business

Wahid Pessarlay

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25 February, 2023

4 Forsage founders indicted in Oregon over $340M Ponzi scheme

The founders paraded Forsage as a DeFi investment platform that could give lucrative returns on deposits and claimed that the...

Bank of Russia to pilot digital ruble with real transactions in April

Business

Wahid Pessarlay

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24 February, 2023

Bank of Russia to pilot digital ruble with real transactions in April

For the first time, Russia will move ahead with its central bank digital currency pilot program involving 13 banks and...

Bitriver to open 100 MW mining facility following subsidy from Russia

Tech

Steve Kaaru

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17 February, 2023

Bitriver to open 100 MW mining facility following subsidy from Russia

Russia is capitalizing on most countries’ anti-mining stance and is directly supporting the construction of a $12.3 million mining facility...

Russia

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