Russia

Russia’s Gazprombank suggests slowing down digital ruble launch fearing losses for commercial banks
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12 February, 2023

Russia’s Gazprombank suggests slowing down digital ruble launch fearing losses for commercial banks

The digital ruble has received heightened attention as the government intends to use it to circumvent economic sanctions imposed on...
US flags BTC, ETH wallets linked to Russian sanctions evasion network
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4 February, 2023

US flags BTC, ETH wallets linked to Russian sanctions evasion network

OFAC blacklists the BTC and ETH addresses operated by Jonatan and Vladimirovich Zimenkov, both facing allegations of running a Russian...
US authorities dismantle ransomware-friendly Bitzlato exchange, arrest co-founder
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19 January, 2023

US authorities dismantle ransomware-friendly Bitzlato exchange, arrest co-founder

The DoJ’s complaint against Anatoly Legkodymov, a senior executive and major shareholder of Bitzlato, notes that it was founded in...
Russia studying CBDCs for cross-border payments amid tightening sanctions
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13 January, 2023

Russia studying CBDCs for cross-border payments amid tightening sanctions

Efforts to launch the digital ruble are already in place, with testing client-to-business (C2B) operations by selected financial institutions scheduled...
Digital ruble bill submitted to Russia’s State Duma
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4 January, 2023

Digital ruble bill submitted to Russia’s State Duma

The new draft bill seeks to make the Bank of Russia the “sole operator” of the digital ruble to the...
Russia’s largest bank turns its sights to gold-backed digital financial assets
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31 December, 2022

Russia’s largest bank turns its sights to gold-backed digital financial assets

Sber says digital financial assets are "great alternatives" to regular investments, with a format of "digital gold" with the potential...
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