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PortuguêsThe scandal around sanctioned crypto broker Suex is growing in Russia where one of the co-founders of the OTC platform has been dismissed from his executive post at a bank.…
Continue ReadingAuthorities in Abkhazia have confiscated thousands of mining machines, closing down all large crypto farms, yet they have admittedly failed to put an end to illegal mining operations. The breakaway…
Continue ReadingA court in Tatarstan has extended the detention of Kirill Doronin, founder of Russia’s largest Ponzi scheme in recent times, Finiko. Doronin will spend at least two more months in…
Continue ReadingThe Central Bank of Russia has recently expanded its database of financial market players suspected of illicit activities. Several crypto companies have been added to the list along with entities…
Continue ReadingCryptocurrency addresses allegedly used by Russian exchange Suex, recently placed under U.S. sanctions, have received more than $934 million in crypto assets, blockchain analysis suggests. According to the Treasury Department,…
Continue ReadingThe U.S. Treasury Department has blacklisted Suex, a cryptocurrency broker based in Russia, for its money laundering activities. The platform is suspected of processing hundreds of millions of dollars in…
Continue ReadingReports of the detention of Dmitry Vasiliev, ex-head of the bankrupt cryptocurrency exchange Wex, have been confirmed by authorities in Poland. The former executive of the platform, allegedly involved in…
Continue ReadingTatarstan’s highest court has rejected appeals against arrest warrants issued for three co-founders of the notorious Finiko crypto pyramid. The top representatives of the Ponzi scheme, accused of large-scale fraud…
Continue ReadingDmitry Vasiliev, former chief executive of Russian cryptocurrency exchange Wex, has been detained in Warsaw, the Polish press reported. Vasiliev is wanted in Kazakhstan where he is accused of fraud…
Continue ReadingCentral Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges. The move aims to limit “emotional” cryptocurrency purchases made by…
Continue ReadingThe exchange was previously known as BTC-e, though its name was changed to WEX following legal difficulties in 2017. BBC Russia has reported that Dmitry Vasiliev, the former chief of…
Continue ReadingAs Russia works to “more clearly prohibit the use of cryptocurrency,” the country’s largest data center operators aren’t really worried. BitRiver, the largest cryptocurrency mining colocation services provider in Russia,…
Continue ReadingThe Russian central bank is planning to slow down payments to crypto exchanges and combat suspicious crypto activity. As cryptocurrency investments get more popular in Russia, the country’s central bank…
Continue ReadingThe launch of a digital ruble will be among Russia’s key priorities of digitalization this decade, the country’s financial market development strategy has confirmed. The document claims the issuance of…
Continue ReadingThe central bank of Russia has advised commercial banks on how to identify and block cards and wallet accounts used by shady businesses. Along with illegal forex dealers and financial…
Continue ReadingThe Russian central bank released a new report for banking institutions to limit “shady” transactions. While the guidelines were for the purpose of controlling illicit money transfers, it also reportedly…
Continue ReadingUkraine’s strategic path to Bitcoin adoption would likely include nuclear-powered mining, and holding Bitcoin as a state reserve asset. Just days ago, on 8 September 2021, the Ukrainian Parliament passed…
Continue ReadingCryptocurrency mining should be registered as entrepreneurial activity and taxed as such, according to Anatoly Aksakov, chairman of Russia’s parliamentary Financial Market Committee. The lawmaker also thinks Russian digital currency…
Continue ReadingLaw enforcement in the Russian republic of Tatarstan have made new arrests in connection with the crypto Ponzi scheme Finiko. Two women detained this week are believed to have attracted…
Continue ReadingA high-ranking representative of Russia’s notorious Finiko Ponzi scheme has been arrested in Tatarstan. Ilgiz Shakirov, a businessman from Kazan, rose to the rank of vice president of the crypto…
Continue ReadingRussia is moving to regulate cryptocurrency mining after legitimizing the broader crypto industry in January. As Russian cryptocurrency advocates are working to attract global crypto mining operators, local lawmakers have…
Continue ReadingRussia has no reason to recognize bitcoin, President Putin’s press secretary has noted after El Salvador became the first country to adopt the digital coin as legal tender. In a…
Continue ReadingDa Vinci’s artwork has received the highest bid at 150,500 BUSD in the Hermitage’s first NFT auction on Binance. Despite the Russian state maintaining a mostly unfriendly stance on cryptocurrencies…
Continue ReadingThe Russian government keeps insisting that payments in cryptocurrencies like Bitcoin would ruin its financial system. Amid El Salvador officially accepting Bitcoin (BTC) as legal tender today, the Russian government…
Continue ReadingRussian communications watchdog, Roskomnadzor, has restricted another six VPN providers. The agency says the platforms have facilitated access to information that is banned in the Russian Federation. Roskomnadzor is also…
Continue ReadingUnknown scammers have organized a fake bitcoin giveaway through a Russian government website they hacked. The news of the attack comes after a recent report revealed that damages from crypto-related…
Continue ReadingA local forex organization’s survey found that most Russian investors prefer Bitcoin to gold and forex as an investment. Bitcoin is becoming increasingly popular in Russia, a survey found. The…
Continue ReadingOf all funds sent to illicit cryptocurrency addresses from Eastern Europe, scams attract the greatest amount, according to a new report. In the past year alone, crypto addresses based in…
Continue ReadingAs the largest banking and financial institution in Russia and one of the world’s biggest public companies, Sber’s move into digital assets is a significant one. Sber, the largest banking…
Continue ReadingAn overwhelming majority of Russian investors view cryptocurrencies as a more attractive investment proposition than traditional fiat currencies or gold, a new survey has established. Even among those who have…
Continue ReadingRussian investors now look at digital financial assets as an investment tool rather than just a “hype product,” AFD head Evgeny Masharov said. Cryptocurrencies like Bitcoin (BTC) are getting increasingly…
Continue ReadingThe 34-year old convict was reportedly not able to make use of the stolen mining equipment due to a “lack of relevant knowledge.” Authorities from Russia’s Zavolzhsky district have found…
Continue ReadingRussian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A resident of Yaroslavl has just been found guilty of stealing…
Continue ReadingPresident Vladimir Putin has tasked several ministries and the central bank to prepare to verify information provided by government employees about their digital asset holdings. The order comes as part…
Continue ReadingDifficulty in Bitcoin mining jumps the second time following the mid-July dip as the ecosystem recovers continuously. The Bitcoin mining ecosystem witnesses a mining difficulty that increased after China reported…
Continue ReadingTill Lindemann, lead singer of the German metal band Rammstein, has angered Russia’s renowned Hermitage Museum with a crypto initiative. The musician seeks over a hundred thousand euros for an…
Continue ReadingThe Security Service of Ukraine (SBU) has closed down a number of “underground” crypto exchangers in Kyiv. Officials say the platforms have been making a million dollars in monthly turnover…
Continue ReadingThe Bank of Russia has expressed concerns over the increasing number of local investors pouring their money into Bitcoin. The Russian central bank has once again reiterated its negative stance…
Continue ReadingThe Federal Financial Monitoring Service of Russia is going to start tracking cryptocurrency transactions. The agency has already selected a contractor to develop the platform. The entity is affiliated with…
Continue ReadingA Russian company indirectly backed by Russia‘s largest bank will build a crypto tracking platform as part of a $200,000 procurement contract. Federal authorities in Russia are moving forward with…
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