Digital Ruble Launch Nears Despite Hurdles
The Central Bank of Russia plans to roll out the digital ruble by year-end, pending completion of pilot nuances. #Update #Crypto (+3) →
Russia
Digital Assets Boost BRICS Future
Russian Finance Minister Anton Siluanov stated BRICS is considering digital financial assets for economic independence in trade. #Update #Crypto (+3) →
Bitcoin Trading Proposal for Wealthy Investors
The Central Bank of the Russian Federation proposes a three-year trial allowing wealthy investors to trade crypto assets, aiming to enhance transparency while warning of potential losses. #Update #Crypto $BTC (+3) ↗
Extradition: US Sends Hacker to Trial
Rostislav Panev, linked to @Lockbit_Ransomware, was extradited to the U.S. for coding and consulting for the group, receiving cryptocurrency payments (March 14). #Breaking #Legal (+9) ↗
Bitcoin Powers Russia Oil Trade
Russia reportedly uses $BTC, $ETH, and $USDT in oil trades with India and China to bypass sanctions, says @Reuters. Russian exchange Garantex suspends operations amid sanctions. #Update #Crypto $BTC (-3) ↘
Bitcoin Rejected by Russia Wealth Fund
Russia excludes $BTC from its National Wealth Fund due to volatility, but economic shifts may later favor digital assets. #Update #Crypto $BTC (-3) ↘
Cryptocurrency: Elliptic Uncovers $60B Garantex Scandal
The U.S. Secret Service, aided by @elliptic, dismantled Russian crypto exchange Garantex and froze $26M in assets after uncovering $60B in illicit transactions. #Breaking #Legal (+9) ↗
Crypto Exchange Garantex Stops Amid Tether Sanctions
@Garantex suspends operations after @Tether blocks wallets holding over 2.5 billion rubles amid EU sanctions, impacting $USDT in Russian wallets. #Breaking #Legal $USDT (-8) ↘
Tether Freezes $27M Halts Garantex Exchange
@Tether_to freezes $27M USDT on Garantex, halting operations amid sanctions against the Russian-linked exchange. #Breaking #Legal $USDT (-8) ↘@Tether_to freezes $27M USDT on Garantex, halting operations amid sanctions against the Russian-linked exchange. #Breaking #Legal $USDT (-8) ↘
Europe Risks Economic Fallout: France Warns
France resists calls to seize frozen Russian assets for Ukraine aid, citing international law violations and eurozone destabilization risks. #Update #Legal (0) →
US-Russia Tensions Shift: Western Firms Return
Russia prioritizes domestic firms over Western corporations as President Putin anticipates foreign businesses’ market return following 2022 sanctions. #Update #Legal (+3) →
BRICS Develops New Payment Platforms
BRICS nations are accelerating efforts to establish independent payment systems, aiming to bypass Western financial dominance, Russian Foreign Minister Sergey Lavrov confirmed on Feb. 19. #Update #Finance #BRICS (+3) ↗
Crypto Classified as Property in Russia
Russia’s Supreme Court aims to classify cryptocurrency as property in penal cases, enhancing law enforcement’s ability to manage illicit digital assets. #Update #Legal #Crypto (+4) ↗
US Dollar Falls Russia Gains Power
Kirill Dmitriev of the Russian Direct Investment Fund claims Biden’s sanctions weakened the U.S. dollar and cost American companies $300 billion, enhancing Russia’s self-reliance. #Update #EconomicPolicy (-6) ↘