Tag: Russia
News about Russia.
Russian Lawmakers Greenlight Crypto Tax Bill
Reading Time: < 1 minuteRussian lawmakers have given their approval to the government’s proposal for a crypto tax bill, which will require Bitcoin miners to pay taxes on their earnings.
Russia Considers 15% Tax on Crypto Earnings
Reading Time: < 1 minuteRussia’s Ministry of Finance yesterday put forth a draft amendment proposing a 15% tax on earnings made from cryptocurrency.
Binance Will Stop Ruble Transactions by End of the Month
Reading Time: < 1 minuteIn December, Binance announced that it will stop processing Russian ruble transactions by the end of January, in compliance with Western sanctions policies.
Elliptic Finds Connection with Russia of Laundering of Assets Stolen from FTX
Reading Time: < 1 minuteElliptic experts have concluded that a Russian-linked broker or intermediary was likely involved in laundering some of the funds stolen from FTX in November 2022.
UK Says Huobi and KuCoin Violates Sanctions Regime Against Russia
Reading Time: < 1 minuteThe Bank of England has admitted that platforms like Huobi and KuCoin have continued to facilitate Russian banks’ circumvention of financial sanctions.
Binance Abandons Sberbank and Tinkoff Names
Reading Time: < 1 minuteBinance, which has an internal peer-to-peer platform, had replaced the Sberbank and Tinkoff card names with “green” and “yellow” respectively.
Russia’s Parliament Approves Law on Introduction of Digital Ruble
Reading Time: < 1 minuteThe State Duma of the Russian Federation has passed in the second and third read ings a law which lays the groundwork for the integration of the central bank digital currency (CBDC).
US DoJ Suspects Binance of Violating Sanctions Against Russia
Reading Time: < 1 minuteThe US Department of Justice and Department of Homeland Security are jointly conducting an investigation into Binance Holdings Ltd. over possible violations of US sanctions against Russia.
Binance Bans P2P Transactions in USD and EUR for Russian Users
Reading Time: < 1 minuteCitizens of Russia, as well as any individuals residing in the country, are now prohibited from using the Binance P2P service to purchase or sell dollars and euros.
Russia to Launch a Crypto Exchange Next Year
Reading Time: < 1 minuteBy mid-2023, an official cryptocurrency exchange controlled by the authorities may appear in the country.
Russia and Cuba May Use Cryptocurrencies to Avoid Sanctions
Reading Time: < 1 minuteTo carry out mutual settlements bypassing such restrictions, countries can use digital currencies.
Bybit Will Not Ban Russian Users
Reading Time: < 1 minuteCrypto exchange Bybit will not impose restrictions for Russian users.
US Exchange Kraken Bans Registration of Russian Users
Reading Time: < 1 minuteKraken has banned users from Russia from registering accounts and has also limited accounts “based in Russia.”
Russia May Introduce a Ban on Crypto Transactions
Reading Time: < 1 minuteAnatoly Aksakov has recently proposed to legally ban the use of cryptocurrencies as a means of payment in Russia and hold accountable for settlements in them.
Russia Will Remove Restrictions on Crypto International Payments
Reading Time: < 1 minuteThe Ministry of Finance of Russia wants to allow international payments in cryptocurrencies for any industry without restrictions.
Russia Plans to Introduce Cryptos into the Country’s Civil Code
Reading Time: < 1 minuteRussia has recently proposed to legalize cross-border crypto transactions in 2023, however, this will require changes in the Civil Code.
Russia’s Federal Tax Service and Ministry of Internal Affairs to Fight Shadow Currency Exchange
Reading Time: < 1 minuteThe Federal Tax Service of Russia has instructed the territorial authorities to identify violations related to the purchase and sale of foreign currency bypassing banks.
Elliptic Identifies Russian Crypto Assets Affected by Sanctions
Reading Time: < 1 minuteElliptic has said it had turned over information to US authorities about a digital wallet allegedly linked to sanctioned Russian officials and oligarchs.
IMF Predicts Russia’s Imminent Default Due to Sanctions
Reading Time: < 1 minuteRussia’s sovereign default is no longer an “unlikely event” as economic sanctions prevent the country from using its foreign exchange reserves to repay debt.
Coinbase Freezes 25,000 Accounts of Russia-related Users
Reading Time: < 1 minuteCoinbase has announced it has frozen more than 25,000 addresses associated with Russian individuals and legal entities.
Mining Pool BTC.com Suspends Registrations of Russian Users
Reading Time: < 1 minuteMining pool BTC.com suspended the registration of new users from Russia on March 5, 2022.
Hillary Clinton Criticizes Crypto Exchanges for Helping Russians Avoid Sanctions
Reading Time: < 1 minuteFormer US presidential candidate Hillary Clinton has said she is “disappointed” that some crypto exchanges are still serving Russian citizens.
Google Allocates $15M to Help Ukraine Repel Russian Army
Reading Time: < 1 minuteUS-based tech giant Google has allocated $15 million to Ukraine.
WhiteBIT, CEX.io and Kuna Introduce Restrictions for Russian Users
Reading Time: < 1 minuteCryptocurrency exchanges Kuna, WhiteBIT and CEX.io have introduced restrictions for users from Russia due to the war in Ukraine.
Russian Authorities May Receive 1 Trillion Rubles Per Year From Crypto Taxation
Reading Time: < 1 minuteThe Russian authorities have estimated they will be able to receive up to 1 trillion rubles annually in taxes from participants in the crypto market.
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