Sovcombank becomes the first Russian bank to offer bitcoin-backed loans to individuals and corporations, following a pilot program by Sberbank. The service is available only to legal asset holders. #Update #Crypto $BTC
Russia’s Moscow Exchange to expand digital asset indices and futures, adding $XRP, $SOL, and $TRX this year. Cash-settled contracts will follow Bank of Russia rules. #Update #Crypto $XRP
The Russian government has banned citizens from using the crypto exchange @WhiteBIT due to its support for Ukraine, which includes over $160 million in donations for defense and humanitarian aid. #Breaking #Legal $BTC (-8) ↘
Russia has labeled @WhiteBIT as an “undesirable organization” due to its support for Ukraine, accusing it of facilitating illegal transactions and capital flight. #Breaking #Legal $USDT
@Sberbank issues Russia’s first corporate loan backed by cryptocurrency to Bitcoin mining firm Intelion Data, marking a significant step in integrating digital assets into traditional banking. #Update #Crypto $BTC
Russia’s central bank proposed a framework to legalize cryptocurrency trading for individuals and institutions, allowing purchases up to 300,000 rubles annually with risk assessments. #Update #Crypto $BTC $ETH
Russia’s Finance Ministry confirms cryptocurrency won’t be accepted as legal tender, maintaining its stance against crypto integration into the national economy. #Update #Legal
Russia’s state bank prepares direct cryptocurrency trading, marking a significant step into the crypto sector. This move could impact global crypto markets. #Update #Crypto $BTC
A UK money-laundering network linked to drug trafficking and organized crime has funneled billions into cryptocurrency, aiding Russia’s war efforts; 128 arrests made, £25M seized. #Update #Crypto $BTC
Russia is set to integrate crypto into its financial system, with 20 million users holding $10.15 billion in digital assets, as the central bank allows banks to operate under strict regulations. #Update #Crypto $BTC $ETH
A7A5, backed by sanctioned Promsvyazbank, legally participated in Token2049 per Singapore’s regulations; Bitcoin drops to $122K amid profit-taking. #Update #Crypto $BTC
A ruble-backed stablecoin, A7A5, linked to a sanctioned Russian bank, sponsored Token2049 in Singapore, raising compliance concerns as Bitcoin hits $125K amid ETF inflows. #Update #Crypto $BTC
A network of crypto wallets linked to Russian state entities moved over $8 billion in digital assets, primarily using $USDT, to evade sanctions, per a report from @Elliptic. #Update #Crypto $USDT
The Bank of Russia will enhance oversight on digital-asset activities, including mining and investment, starting next year to boost market confidence and protect investors. #Update #Legal
