Latest News and Articles about Russia
Russia Loses Millions Yearly to Illegal Crypto Mining Crisis
Russia Bleeds Millions Yearly as Illegal Crypto Miners Siphon Resources Russia, a land of vast energy reserves and frigid winters ideal for cooling crypto mining rigs, is losing millions of dollars each year to a shadow economy of illegal miners. A recent exposé by Ren TV lays bare the scale of this underground operation, costing […]
Read MoreRussia Loses $122M to Illegal Crypto Mining as Regulation Falters
Russia Loses $122M to Illegal Crypto Mining: Regulation Struggles Persist Russia’s vast landscapes, cheap power, and bone-chilling winters have turned it into a crypto mining paradise—but the nation is paying a hefty price for its inability to rein in the chaos. The country is bleeding over $122 million (10 billion rubles) annually in uncollected taxes […]
Read MoreRussia’s $12 Billion Crypto Trade in 2025: Sanctions Dodge or Dangerous Bet?
Russia’s $12 Billion Crypto Trade in 2025: Sanctions Evasion or Risky Gamble? Is cryptocurrency Russia’s secret weapon against Western sanctions? In the first half of 2025, the nation shattered records by facilitating foreign trade settlements worth 1 trillion rubles—approximately $12 billion—using digital assets. Announced by Kremlin business advisor Boris Titov at the Crypto Summit 2025 […]
Read MoreRussia’s Fiscal Crisis: Could Bitcoin Be the Ultimate Lifeline?
Russia’s Fiscal Collapse: A Perfect Storm for Crypto Adoption? Russia’s economy is in deep trouble, hammered by crashing oil prices, ballooning war costs, and growth forecasts that are barely a pulse. The Kremlin’s latest 2026 budget paints a dire picture of deficits and desperation, raising a critical question for our community: could Bitcoin and decentralized […]
Read MoreRussia Halts Crypto Mining Bans: Bitcoin Boost or State Control?
Russia Slams Brakes on Crypto Mining Bans: A Bitcoin Lifeline or State Leash? Russia has abruptly halted plans to expand cryptocurrency mining bans across several regions, citing fears of plummeting tax revenues and energy profits. This policy U-turn, straight out of a high-stakes government meeting, reveals a gritty clash between crippling energy shortages and the […]
Read MoreRussia Raises Digital Asset Limits, Tightens Bitcoin Restrictions Amid Sanctions
Russia Boosts Digital Asset Investment Limits Amid Sanctions, Tightens Bitcoin Control Russia’s Central Bank (CBR) has dropped a significant update, proposing to raise the annual investment limit for non-qualified investors in Digital Financial Assets (DFAs) from 600,000 rubles (roughly $7,600) to 1 million rubles (over $12,600). Alongside this, legal entities are getting a free pass […]
Read MoreRussian Crypto Mining Giants BitRiver and Intelion Hit $200M Revenue in FY2024
Russian Crypto Mining Giants BitRiver and Intelion Report $200M Revenue in FY2024 In the heart of Russia, BitRiver and Intelion have showcased the robust growth of the crypto mining sector, amassing a combined revenue of $200 million in Fiscal Year 2024. Dominating over 50% of the market, these industry leaders underscore the potential of decentralized […]
Read MoreRussia’s New Bill Targets Crypto Crime: Bitcoin Classified as Property for Seizure
Russia’s New Crypto Bill: Classifying Bitcoin as Property Russia is taking decisive action against crypto-related crime with a new bill from the Ministry of Justice. The bill classifies digital currencies like Bitcoin as property, enabling the seizure and confiscation of these assets during criminal proceedings. This move aims to disrupt the activities of criminals who […]
Read MoreRussia’s Kraken Dominates Darknet: 68% Surge Amid Global Crypto Decline
Russia’s Kraken Surges 68% Amid Global Darknet Crypto Downturn In 2024, global darknet cryptocurrency sales saw a 15% decline due to heightened law enforcement efforts, but Russia’s darknet market, Kraken, bucked the trend with a 68% increase in crypto transactions, amassing $737 million. This surge positioned Kraken as the leading darknet market by annual revenue […]
Read MoreBlum Co-Founder Arrested in Russia on $15M Fraud Charges, Shaking Crypto Scene
Russian Authorities Detain Blum Co-Founder on Fraud Charges In a shocking turn of events, Vladimir Smerkis, a former Binance executive and co-founder of the Blum tap-to-earn app, was detained on fraud charges, shaking the foundations of the Blum project. Former Binance executive arrested in Russia Charges stem from alleged fraud at The Token Fund and […]
Read MoreRussian Lawmaker Predicts Bitcoin Surge Due to India-Pakistan Tensions
Top Russian Lawmaker: India-Pakistan Tensions Will Drive up Bitcoin Prices Anatoly Aksakov, a prominent Russian lawmaker and Chairman of the State Duma’s Committee on the Financial Markets, has predicted that escalating tensions between India and Pakistan will lead to a surge in Bitcoin prices. India-Pakistan tensions to boost Bitcoin prices Bitcoin used in international weapon […]
Read MoreRussia Launches State-Controlled Crypto Exchange for Elite Investors
Russia’s Crypto Leap: A State-Controlled Exchange for the Elite Russia is taking a significant step into the cryptocurrency world with plans to launch a state-controlled exchange exclusively for high-net-worth investors. This move, under an experimental legal framework, marks a shift in policy but also raises questions about the broader adoption of digital assets in the […]
Read MoreRussia Expands Crypto Mining Bans: Energy Concerns Drive New Restrictions
Russia Tightens Crypto Mining Stranglehold: What’s Driving the Latest Bans? Russia’s Ministry of Energy is set to extend crypto mining bans to three more regions amidst growing concerns over energy consumption and grid stability. New bans considered for Karelia, Penza Oblast, and parts of Khakassia Existing restrictions in Dagestan, Irkutsk, and Krasnoyarsk Energy Minister prioritizes […]
Read MoreRussia’s Moscow Exchange Set to Test Cryptocurrency Trading
Russia’s Bold Leap into Crypto: Moscow Exchange to Test Digital Asset Trading Russia’s Ministry of Finance has announced a groundbreaking move to test cryptocurrency trading on the
Read MoreRussia Bypasses Sanctions with BTC, ETH, USDT in Oil Trade with India, China
Russia’s Strategic Pivot: Using Bitcoin, Ethereum, and USDT to Bypass Western Sanctions in Oil Trade Amidst escalating geopolitical tensions, Russia is increasingly using cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and USDT to trade oil with India and China, sidestepping Western sanctions and showcasing the disruptive potential of decentralized finance. Russia uses BTC, ETH, and USDT […]
Read MoreEU Targets Garantex: Escalating Sanctions in Crypto-Financial Warfare with Russia
EU Sanctions Russian Crypto Exchange Garantex: A New Front in Financial Warfare The European Union has escalated its financial sanctions against Russia by targeting Garantex, a Russian cryptocurrency exchange, marking a significant move in the ongoing geopolitical chess game. EU sanctions Garantex over its links to sanctioned Russian banks. Garantex claims operational resilience despite new […]
Read MoreRussia’s Power Grid Suffers $14.2M Loss from Illegal Crypto Mining, Eyes Legal Operations
Russia’s Power Grid Loses Over 1.3 Billion Rubles to Unauthorized Crypto Mining Russia’s power grid operator, Rosseti Group, has reported staggering financial losses of over 1.3 billion rubles ($14.2 million) in 2024 due to unauthorized “black” mining operations. These illicit activities have wreaked havoc on the grid, but Rosseti is now pivoting towards legal mining […]
Read MoreCrypto Sanctions Evasion Hits $15.8 Billion in 2024: Iran, Russia Lead
Crypto and Sanctions: $15.8 Billion Used to Circumvent Restrictions in 2024 In 2024, the use of cryptocurrencies to bypass international sanctions has surged to an astonishing $15.8 billion, showcasing the dual nature of decentralized finance. This trend not only highlights the innovative potential of digital currencies but also brings to light significant challenges to global […]
Read MoreRussia’s Bitcoin Mining Surges 7% in 2024 Despite Energy and Regulatory Hurdles
Russia’s Bitcoin Mining Sector Grows 7% in 2024 Amid Regulatory Challenges and Energy Issues Russia’s Bitcoin miners are not just mining for gold; they’re consuming enough power to light up a small country. In 2024, the sector has seen a 7% increase in mining farms, totaling 136,600 units, but this expansion comes with its own […]
Read MoreBestChange Unblocked in Russia After Brief Ban: Navigating Crypto Regulatory Challenges
Russian Crypto Aggregator BestChange Unblocked After Brief Ban, Highlighting Regulatory Tightrope On February 10th, the Russian crypto exchange data aggregator BestChange was abruptly blocked by the federal communications watchdog Roskomnadzor, only to have its website restored on February 20th. BestChange, a service known for providing users with comprehensive exchange rate data and comparison tools for […]
Read MoreRussia and Iran Use Crypto to Bypass Sanctions Amid Economic Isolation
Russia and Iran Leverage Crypto to Navigate Western Sanctions In 2024, Russia and Iran increasingly utilized cryptocurrencies to sidestep Western sanctions, highlighting the adaptability of these nations amid economic isolation. A Chainalysis report revealed that sanctioned entities received $15.8 billion in crypto, representing 39% of illicit transactions, showcasing both the power and the peril of […]
Read MoreRussia Proposes Bitcoin as Property: New Crypto Laws Target Digital Crime
Russia’s Investigative Committee Proposes New Crypto Legislation: Bitcoin as Property Russia’s digital crime rate has surged by 10% in 2024, prompting new legislative measures to tackle crypto-related offenses. The country’s Investigative Committee, led by Alexander Bastrykin, has proposed classifying Bitcoin and other digital assets as property. This move aims to streamline legal processes, especially in […]
Read MoreRussia’s 2025 Crypto Tax Laws: A New Era for Bitcoin and Mining
Russia’s 2025 Crypto Tax Laws: Navigating the New Frontier Russia is set to implement new cryptocurrency regulations in 2025, aiming to bring clarity and structure to its burgeoning crypto market amidst economic challenges and U.S. sanctions. New tax laws effective January 1, 2025. Cryptocurrencies recognized as property. Mining operations exempt from Value Added Tax (VAT). […]
Read MoreRosseti Boosts Bitcoin Mining with Idle Energy, Amid Russia’s Crypto Surge
Russia’s Largest Power Company, Rosseti, Turns Idle Energy into Bitcoin Profits Russia’s largest government-supported power company, Rosseti, has announced a strategic move to support Bitcoin mining by utilizing unused power stations, aiming to maximize unused energy capacity, generate additional revenue, and boost regional economic development through tax contributions. This initiative comes amidst a wave of […]
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