Russia: New law greenlights digital assets use for cross-border payments
The provisions of the newly minted law reveal that only tokenized assets issued by the Bank of Russia are authorized to be deployed in foreign trade payments.
Latest Vladimir Putin News
SEC settles with Erik Voorhees’ ShapeShift over unregistered security sales
The U.S. SEC has issued an order instituting cease-and-desist proceedings against ShapeShift AG, which follows the exchange's submission of an offer of settlement to the regulator.
Putin signs digital ruble bill into law, enabling CBDC in Russia
Under the newly signed law, the Bank of Russia is tasked with storing digital ruble assets and will be the principal operator of the digital ruble infrastructure.
Binance hiring top money laundering lawyer = US criminal charges imminent
Neither the SEC's suit nor the CFTC civil suit filed against Binance/CZ includes money laundering charges—suggesting that the DoJ's long-anticipated criminal case against CZ is just around the corner.
EU bans all digital asset transactions to Russia
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.
Russia nukes digital assets as payments mechanism
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.”
IMF: Russia could evade sanctions by mining BTC
The IMF recently released a report that Russia might have found a way to evade international sanctions stating that block reward mining activities could be used to evade economic boycotts.
US Treasury adds digital currency rules to Russia sanctions guidance
In addition to the new regulations regarding rules for digital currencies, the U.S. Treasury also warned exchanges not to facilitate transactions for individuals or entities on the sanctions list.
UK fast-tracks new law giving gov’t more power to seize digital assets
The U.K. parliament is pushing for the passing of a new economic bill that will give the government greater power to seize digital currencies to curb money laundering.
Russia’s Putin insists ‘too early’ to use digital currency for oil trading
The Russian government hasn't placed a total ban on digital currency in the country, but they have yet to accept it as a legal tender.
Russia is not ready for digital currency payments, Kremlin says
A representative of President Vladimir Putin put it beyond doubt that Russia doesn’t intend to reverse the digital currency payments ban, let alone make it legal tender.
Putin: Russia must monitor increasing criminal use of digital currencies
Russian President Vladimir Putin wants the country’s law enforcement agencies to focus more on the digital currency industry, which he believes is being used increasingly by “criminal elements.”