Alexander Vinnik called on Russian authorities to negotiate with Washington for his extradition back to Russia in exchange for U.S. citizens detained in Moscow, according to reports.
Following a barrage of sanctions and an ongoing row with the West, Russia is reportedly seeking to diversify its payment transactions with virtual currencies while mulling regulations to prevent misuse.
Russia is examining the potential use of digital assets in foreign trade transactions, betting on the tool as a gateway to boost and innovate the economy and ramp up cybersecurity.
SBI had remained tightlipped about its association with BitRiver, but sources now reveal it has lost tens of millions of dollars after ending this relationship.
The recently arrested software developer behind the Tornado Cash ‘coin mixer’ reportedly has links to Russia’s top security agency, adding yet another layer of controversy to an already sketchy ‘crypto’ service.
Denis Mihaqlovic Dubnikov and his co-conspirators, who are yet to be identified, are accused of laundering as much as $70 million extracted using the Ryuk malware variant.
Russia recently released its "Main Directions for the Unified State Monetary Policy," which highlighted policies for 2023, as well as the periods of 2024 and 2025.
The bill amends certain banking laws to permit the use of digital assets as investment vehicles, with the goal of increasing “the investment attractiveness of the use of digital rights by businesses.”
The head of Russia's State Duma Committee on financial markets, Anatoly Aksakov, has introduced the proposal to launch a regulated digital assets exchange for the Russian market.
The Bank of Russia says that stablecoins are risky because the underlying pool of assets doesn’t belong to the user, and there’s no guarantee of redemption.
Rosfinmonitoring's head Yuri Chikhanchin said that the agency has been using software to track digital assets transactions and has also identified specific criminal use cases of the assets.
Sber executed a billion rubles (around $16 million) digital financial asset issuance with its subsidiary SberFactoring as the platform's first transaction on July 9.
