Russia

Russia to Launch Unified Facial Payment System

January 23, 2025 Bitcoin.com

bitcoin.com

Russia will have a unified facial payment system by the second half of 2025, aiming to onboard millions as non-card payment systems gain preference. Sber and NSPK, which operates the Mir card payment system, will join forces to establish standards and achieve interoperability. Sber and NPSK Join Forces to Launch Facial Payment System in Russia […]

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Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

January 18, 2025 Bitcoin.com

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Russia and Iran are forging a confidential financial system to replace SWIFT, signaling a bold move to bypass Western dominance and reshape global economic power dynamics. Russia and Iran Deepen Ties in Push to Abandon SWIFT Completely Russia and Iran are collaborating to establish a secure financial messaging system as an alternative to the SWIFT […]

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Russian Sentenced to Seven Years in Prison for Sending Crypto Assets to Ukrainian Military: Report

January 16, 2025 The Daily Hodl

Bitcoin

An employee of a diamond mining company in Russia was reportedly sentenced to seven years in prison for providing financial assistance to the military forces of Ukraine. According to local media outlet Izvestia, a man from the Mirninsky district of Yakutia is now detained in a maximum security prison after using cryptocurrency to repeatedly transfer […]

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Russian National Jailed for Funding Ukrainian Forces With Crypto

January 16, 2025 Bitcoin.com

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A Russian national was sentenced to seven years in prison for high treason involving cryptocurrency. The individual repeatedly transferred funds to a unit of the Ukrainian Armed Forces using crypto. Russian National Sentenced to 7 Years in Jail for Using Crypto to Fund Ukrainian Forces One of the first cases involving crypto funding and treason […]

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Dedollarization Advances: Russia and Myanmar Discuss National Currency Payment System

January 15, 2025 Bitcoin.com

bitcoin.com

Efforts to trade using national currencies are intensifying, as nations aim to reduce reliance on the U.S. dollar and Western financial systems while boosting economic independence. Russia’s Plans for National Currency Payment Systems Signal Declining Dollar Use Countries worldwide are increasingly opting for national currencies in trade agreements, reducing reliance on the U.S. dollar and […]

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Russia Tightens Digital Asset Rules With Stricter Trade Oversight Standards

January 12, 2025 Bitcoin.com

bitcoin.com

Russia’s central bank now mandates the registration of foreign exchange trade contracts involving digital rights, aiming to enhance oversight, integrate cryptocurrencies, and ensure financial stability. Bank of Russia Tightens Grip on Crypto Deals and Digital Tokens Russia’s central bank, the Bank of Russia, has introduced regulations to manage foreign exchange operations involving digital rights. Digital […]

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DOJ Indicts 3 Russians for Operating Crypto Mixers Linked to Cybercrime

January 11, 2025 Bitcoin.com

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Russian nationals face charges for allegedly using cryptocurrency mixers to launder proceeds from ransomware, wire fraud, and theft, obscuring illicit funds’ origins, the DOJ says. Russian Nationals Face DOJ Charges for Laundering Cryptocurrency Theft Proceeds The U.S. Department of Justice (DOJ) announced on Jan. 10 the indictment of three Russian nationals for operating cryptocurrency mixers […]

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Russia Begins Liquidating Seized Bitcoins From Bribery-Convicted Official

January 10, 2025 Bitcoin.com

bitcoin.com

The Russian government has started selling part of the 1,032 bitcoins seized from former investigator Marat Tambiev, convicted of taking bribes. Russian Authorities Seize Real Estate Belonging to Bribery-Convicted Official The Russian government has reportedly begun selling a portion of over 1,032 bitcoins (BTC) seized from a former investigator, Marat Tambiev, who was convicted of […]

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Telegram CEO Flags Rising EU Censorship While Russia Preserves Open Access

January 1, 2025 Bitcoin.com

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Russian Telegram users now have more media freedom than Europeans, as EU censorship grows—raising alarms over the future of free expression across digital platforms. Pavel Durov Exposes Media Censorship Divide Between EU and Russia Telegram’s CEO, Pavel Durov, has criticized media restrictions in the European Union, highlighting what he described as greater freedom for Russian […]

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Russia’s Largest Bank Joins Digital Ruble Pilot Program Ahead of 2025 Launch: Report

December 31, 2024 The Daily Hodl

Blockchain

Russia’s largest bank has reportedly joined the country’s digital ruble pilot program ahead of a mid-2025 launch of the central bank digital currency (CBDC). The Russian news agency Interfax reports that Russia’s top financial institution, Sberbank, is now a participant in the program, which conducts transactions with digital rubles. The pilot will eventually involve 22 […]

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