Russia to Ban Cryptocurrency Mining in Select Regions Amid Power Concerns
Key Insights Russia plans to ban cryptocurrency mining in six North Caucasus and occupied Ukrainian regions from December 2024 through…
Russia Introduces Exved Crypto Settlements System Leveraging Tether for Trade
Key Insights Russia launches Exved platform for corporate cross-border crypto settlements using Tether Enables domestic firms to ease B2B forex…
WalletConnect Blocks Russian Users to Comply with Sanctions
Key Insights WalletConnect has blocked access for Russian users to adhere to escalating sanctions related to the conflict in Ukraine.…
IMF Upgrades Russia’s 2023 Economic Growth Forecast, Cautions on 2024
Key Insights The IMF has raised its 2023 economic growth forecast for Russia to 2.2%, a significant increase from the…
World Oil Prices Surge as Russia Bans Fuel Exports
Key Insights Brent oil prices rose by 0.7% and WTI by 0.85% amid Russia’s ban on fuel exports. Fears that…
Bitcoin Conversion into Rubles is Money Laundering in Russia
Key Insights Rosfinmonitoring comments on the Supreme Court decision recognizing bitcoin-to-rubles conversion as money laundering. Transactions with property obtained illegally…