The Central Bank of Russia (CBR)’s report delved into digital asset regulations, retail investor protection, and other facets as it hailed smart contracts.
Seven people alleged to be criminal enablers of Russian oligarchs could land three decades in the U.S. jail over charges of using shell companies and virtual assets to evade global sanctions.
Digital asset transactions from Europe to Russia had been capped at $9,900, but the European Union says there was still some level of activity, necessitating the total ban.
South Korea doubles down on efforts to track the origins of illegal virtual currency transactions as the U.S. warns of sanctions for those involved, with many fearing are banks from Seoul.
Instead of regulatory control, Russia will work on promoting virtual currencies while local businesses determine what 'cryptos' to be used and which nations are allowed to take part in the initiative.
The OFAC sanctioned addresses linked to Task Force Rusich, a group that has been fighting Russia’s battles since 2015, including the latest war in Ukraine.
The Treasury claimed that the group has been targeting American institutions since 2020 with malware including APT 35, and linked it to Iran’s government.
Prime Minister Mikhail Mishustin focuses on digital assets as he asked regulators to explore their use for the "uninterrupted payment for the supply of goods from abroad and for export."
Two weeks ago, Iran saw the first digital asset import order worth $10 million, and now, digital currency payments have become legalized in the import sector.
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 Kraken exchange boss joins a chorus of other so-called ‘crypto’ advocates in condemning the sanctions against Tornado Cash, saying that "people have a right to financial privacy."