Russia News

The Bank of Russia remains skeptical on crypto despite the Russian president viewing it as a potential unit of account.

Russia’s Irkutsk region saw its energy consumption rates surge by 160% following China’s crackdown on crypto mining.

The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.”

The U.S. now accounts for more than a third of the total Bitcoin mining activity, with Kazakhstan and Russia also becoming major locations.

Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade digital assets like Bitcoin.

The Bank of Russia also wants to slow down transactions to crypto exchanges to prevent “emotional” crypto purchases.

The exchange was previously known as BTC-e, though its name was changed to WEX following legal difficulties in 2017.

As Russia works to “more clearly prohibit the use of cryptocurrency,” the country’s largest data center operators aren’t really worried.

The Russian central bank is planning to slow down payments to crypto exchanges and combat suspicious crypto activity.

Countries vie for cryptocurrency miner business as Chinese miners move to greener pastures. Here's where they are ending up.

Russia is moving to regulate cryptocurrency mining after legitimizing the broader crypto industry in January.

Da Vinci’s artwork has received the highest bid at 150,500 BUSD in the Hermitage’s first NFT auction on Binance.

The Russian government keeps insisting that payments in cryptocurrencies like Bitcoin would ruin its financial system.

As 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.

Russian investors now look at digital financial assets as an investment tool rather than just a “hype product,” AFD head Evgeny Masharov said.