Inside Russia's Crypto Rules

Cryptocurrencies and U.S. Sanctions Evasion: Implications for Russia

Russia may use cryptocurrencies to make up for its lost revenues and finance the war in Ukraine. In March 2022, CSIS argued that ...

Russia Is About to Try Using Crypto to Get Around Sanctions

CoinDesk viewed a copy of the law using google translate. It said “during the circulation of digital currency in the Russian federation …

Is it easy to hide money in the crypto economy? The case of Russia

Where DFA seems to be a rather generic and UDR a technical term, “digital currency” is a new term in Russian regulation whose distinct implications are not yet ...

Putin signs law on legalizing cryptocurrency mining in Russia

Putin signs law on legalizing cryptocurrency mining in Russia ... MOSCOW, August 8. /TASS/. Russian President Vladimir Putin signed a law legalizing ...

New Russian Law Permits Use of Crypto in Global Trade Settlements

Russia legalizes the use of Bitcoin and other cryptocurrencies for international trade to counter Western sanctions and address payment ...

Russia weighs risk of embracing crypto for international payments

Cryptocurrencies are currently not allowed for payments inside Russia, and the new law is unlikely to change that. Earlier, the central bank ...

Putin Signs Law Legalizing Cryptocurrency Mining in Russia

The new legislation specifies that only Russian legal entities and individual entrepreneurs registered with the government will be allowed to ...

Putin Legalizes Cryptocurrency Mining in Russia: New Law Sets ...

Vladimir Putin made the cryptocurrencies mining legal in Russia, marking a substantial shift from past views on digital assets.

Putin Signs Law to Regulate Crypto Mining in Russia

Russian President Vladimir Putin signed into law on Aug. 8 a bill that regulates cryptocurrency mining in Russia, with the legislation slated to ...

Cryptocurrency in Russia | Latest News by Cointelegraph

Moreover, cryptocurrencies cannot be used for payments in Russia, and stringent criteria apply to exchanges and over-the-counter desks for licensing. Foreign ...

Crypto regulatory affairs: US Treasury targets Russia-linked ... - Elliptic

The Treasury's Office of Foreign Assets Control (OFAC) sanctioned Cryptex, a crypto exchange registered in Saint Vincent and Grenadines, for ...

Crypto takes center stage in the war in Ukraine and sanctions ...

In the words of the world's biggest crypto trading platform, a blanket ban on Russians “would fly in the face of the reason why crypto exists.” 67 Only South ...

Russia passes new cryptocurrency law in effort to dodge Western ...

Russia on July 30 passed a law that will allow businesses to use cryptocurrencies in international trade, as the Kremlin seeks ways to circumvent Western ...

Russian Lawmakers Vote to Also Tighten Crypto Mining Rules

Russian lawmakers vote to tighten rules on cryptocurrency mining, while also paving the way for it to be used in cross-border payments as a ...

Russia's road map for crypto regulation - Crystal Intelligence

On Thursday, January 20, 2022, the Central Bank of Russia proposed a ban on cryptocurrencies as well as crypto mining. The proposed ban was meant to prevent ...

Russia prepares a crackdown on crypto - bne IntelliNews

Under the new law, Russian miners will be obliged to report total amounts of the crypto they have mined to the tax service, also providing ...

Russia to allow crypto for payments in International Trade | WION

Russian lawmakers passed a bill on Tuesday that will allow businesses to use crypto currencies in international trade, as part of efforts to ...

Frequently asked questions on crypto-assets concerning sanctions ...

Are crypto-assets and in particular cryptocurrencies covered by these ... persons residing in Russia, or legal persons, entities or bodies established in ...

Cryptocurrency Operations Expand in Russia - Jamestown

The region's traditional challenges surrounding money laundering and the rule of law make the use of cryptocurrencies and blockchain-based ...

Navigating Russia Sanctions Compliance in the Crypto Space

The task force declared that combating the “use cryptocurrency to evade US sanctions, launder proceeds of foreign corruption, or evade US responses to Russian ...