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Putin: Russia Examining Digital Currencies for Independent Payments

Putin: Russia Examining Digital Currencies for Independent PaymentsVladimir Putin highlighted that Russia is examining the use of national digital currencies to implement an independent and supranational alternative payment system. However, he also outlined the intricacies of building such a platform, given the level of integration of major trading partners with the current financial system. Russian President Acknowledges Relevance of Digital Currencies for […]

Arbitrage trading in crypto, explained

Russian Cybercriminal Extradited to US in Crypto Crime Case

Russian Cybercriminal Extradited to US in Crypto Crime CaseA Russian cybercriminal, Deniss Zolotarjovs, has been charged in the U.S. with crimes related to his involvement in a cybercrime organization known for extorting victims and laundering cryptocurrency. The 33-year-old Moscow resident was indicted in Cincinnati, Ohio, on charges of conspiracy to commit money laundering, wire fraud, and Hobbs Act extortion. Arrested in Georgia in […]

Arbitrage trading in crypto, explained

87% of Russians Aware of Cryptocurrency, 42% Familiar With Hamster Kombat, Survey Shows

87% of Russians Aware of Cryptocurrency, 42% Familiar With Hamster Kombat, Survey ShowsA survey by the All-Russian Public Opinion Research Center reveals high awareness of cryptocurrency among Russians but limited knowledge of the Telegram game Hamster Kombat. Despite 87% being aware of cryptocurrency, only 42% know of Hamster Kombat. The game’s popularity is mainly among young, tech-savvy Telegram users, with a significant gap between awareness and active […]

Arbitrage trading in crypto, explained

Russia to Enact a Ban on Domestic Operations Of Cryptocurrency Exchanges

Russia to Enact a Ban on Domestic Operations Of Cryptocurrency ExchangesRussia is preparing to enact a ban on the organization of cryptocurrency exchanges in the country via the approval of a bill that regulates mining activities. According to statements made by Russian Duma Financial Market Chairman Anatoly Aksakov, digital financial assets like the digital ruble will be allowed to circulate. State Duma to Enact Ban […]

Arbitrage trading in crypto, explained

North Korean Hackers Tapping Russian Crypto Exchanges To Funnel Illicit Digital Assets, According to Chainalysis

North Korean Hackers Tapping Russian Crypto Exchanges To Funnel Illicit Digital Assets, According to Chainalysis

A market intelligence firm says that hackers from North Korea are using Russian crypto exchanges known to launder money to move stolen digital assets. In a new blog post, crypto analytics platform Chainalysis says on-chain data reveals that hacking groups linked with North Korea are using Russian crypto exchanges to launder funds stolen from the […]

The post North Korean Hackers Tapping Russian Crypto Exchanges To Funnel Illicit Digital Assets, According to Chainalysis appeared first on The Daily Hodl.

Arbitrage trading in crypto, explained

Tax Authority Slated to Become Main Crypto Regulator in Russia

Tax Authority Slated to Become Main Crypto Regulator in RussiaRussia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market participants. Russians to Report Crypto Holdings and Transactions to Their Tax Service […]

Arbitrage trading in crypto, explained

Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says

Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official SaysRussian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature to Vote on Crypto Laws by End of July The State Duma, the lower house of […]

Arbitrage trading in crypto, explained

Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say

Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts SayIncreasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe. Under such a scenario, Russia has what it takes to occupy up to 18% of the global bitcoin hashrate, they claim. Russia May Attract Half […]

Arbitrage trading in crypto, explained

Digital Assets for 1 Billion Rubles Issued in Russia in a Month

Digital Assets for 1 Billion Rubles Issued in Russia in a MonthPlatforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s Digital Assets Market Livens Up as Capital Markets Dry Up for Russian […]

Arbitrage trading in crypto, explained

Binance Reportedly Investigated in US for Russia Sanctions Violations

Binance Reportedly Investigated in US for Russia Sanctions ViolationsCryptocurrency exchange Binance is facing a U.S. probe over suspected violations of sanctions against Russia, according to a media report. The inquiry is looking into whether the trading platform was used by Russians to circumvent financial restrictions imposed over Moscow’s invasion of Ukraine. Crypto Exchange Binance Faces Another US Probe, Sources Say The U.S. Department […]

Arbitrage trading in crypto, explained