Russia

Nearly 3 Million Have Enrolled in the Russian Unified Biometric System

January 31, 2025 Bitcoin.com

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About 3 million citizens have registered their personal data on the Russian Unified Biometric System. Authorities state that the population is warming to the use of these technologies, as 80% of registrations occurred last year. Russian Unified Biometric System Gets Closer to 3 Million Users Registered The Russian state biometric data cache is getting larger. […]

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Czech Central Bank Eyes Bitcoin? Governor Takes Step Toward BTC Reserves

Russian Grid Operator Rosseti Eyes Crypto Mining to Power Up Underused Plants

January 27, 2025 Bitcoin.com

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Rosseti, Russia’s electric grid operator, is exploring crypto mining to utilize electricity from power plants with low consumption. This could involve building mining centers and potentially coordinating their placement nationwide. Boosting Rosseti’s Revenues The Russian electric grid operator, Rosseti, is reportedly interested in establishing crypto mining centers powered by power plants with low utilization rates. […]

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Czech Central Bank Eyes Bitcoin? Governor Takes Step Toward BTC Reserves

Russian State Duma Profiles Digital Ruble as a Sanctions-Sidestepping Tool

January 27, 2025 Bitcoin.com

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The Russian State Duma is considering using the digital ruble to maintain transparency in public spending and to sidestep sanctions. Deputy Chairman of the State Duma Committee on Economic Policy Artem Kiryanov highlighted the importance of these use cases for Russia’s future. Russian State Duma Acknowledges Digital Ruble Could Be Used to Avoid Sanctions The […]

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Czech Central Bank Eyes Bitcoin? Governor Takes Step Toward BTC Reserves

Russia and Indonesia Actively Discuss Mechanisms to Ditch US Dollar

January 26, 2025 Bitcoin.com

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Russia and Indonesia are moving toward ruble-rupiah trade settlements as sanctions and Russia’s SWIFT exclusion drive efforts to establish sustainable, dollar-free financial systems. Indonesia-Russia Trade Sees Shift to Ruble and Rupiah Settlements The global trend of reducing dependence on the U.S. dollar in international trade is gaining momentum, with nations increasingly exploring alternatives. Indonesia and […]

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Czech Central Bank Eyes Bitcoin? Governor Takes Step Toward BTC Reserves

Russia to Launch Unified Facial Payment System

January 23, 2025 Bitcoin.com

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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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Czech Central Bank Eyes Bitcoin? Governor Takes Step Toward BTC Reserves

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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Czech Central Bank Eyes Bitcoin? Governor Takes Step Toward BTC Reserves

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

January 16, 2025 The Daily Hodl

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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 […]

The post Russian Sentenced to Seven Years in Prison for Sending Crypto Assets to Ukrainian Military: Report appeared first on The Daily Hodl.

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Czech Central Bank Eyes Bitcoin? Governor Takes Step Toward BTC Reserves

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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Czech Central Bank Eyes Bitcoin? Governor Takes Step Toward BTC Reserves

Dedollarization Advances: Russia and Myanmar Discuss National Currency Payment System

January 15, 2025 Bitcoin.com

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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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Czech Central Bank Eyes Bitcoin? Governor Takes Step Toward BTC Reserves

Russia Tightens Digital Asset Rules With Stricter Trade Oversight Standards

January 12, 2025 Bitcoin.com

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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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Czech Central Bank Eyes Bitcoin? Governor Takes Step Toward BTC Reserves