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BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future
[Mar 29 3:30 AM] Russian Finance Minister Anton Siluanov specified that digital financial assets were among the options that BRICS was considering for securing independence from third-party nations in the economic trade arena. BRICS Profiles Digital Financial…
Russia’s Cybercrime Skyrockets: 700,000 Attacks, $3 Billion Vanished
[Mar 20 5:30 AM] More than a million Russians have fallen victim to cybercrime, resulting in an estimated $3 billion in damages. Cybercrime accounts for 35% of all crimes in Russia and is increasing by 30% annually, outpacing law enforcement efforts. Russia Faces…
US Extradites Russia-Israel Citizen Linked to Lockbit Attacks
[Mar 15 5:30 AM] A Lockbit ransomware developer has been extradited to the U.S., admitting to coding and consulting for the cybercriminal group, which paid him in cryptocurrency. Lockbit Ransomware Developer Extradited to US in Global Crackdown The U.S. Department…
Unnamed Insiders Allege Russia Taps Crypto Assets to Facilitate Oil Trade With China and India
[Mar 14 4:33 PM] Based on whispers from unnamed insiders quoted by Reuters, Russia is reportedly turning to bitcoin, ether, and stablecoins as tools in its oil trade with China and India. These insiders, described as having “direct knowledge of the…
Russia Is Using Bitcoin and Crypto For Its Oil Trades with China and India
[Mar 14 11:30 AM] Bitcoin Magazine Russia Is Using Bitcoin and Crypto For Its Oil Trades with China and India Amid ongoing sanctions over the war in Ukraine, Russia has turned to bitcoin and other cryptocurrencies to facilitate some of its oil trade with major…
Russia Opens to Cryptocurrency: Central Bank Unveils Trading Sandbox Proposal
[Mar 13 9:30 AM] The Bank of Russia introduced a proposal to allow highly qualified investors to purchase and sell crypto under an experimental framework lasting three years. Nonetheless, peer-to-peer transactions and payments would still be banned under this…
Russia Says No to Bitcoin in Wealth Fund—But Top Official Signals Potential Future Shift
[Mar 8 6:30 AM] Russia is keeping cryptocurrency out of its National Wealth Fund, citing volatility and liquidity concerns, but future economic shifts could open the door to digital assets. Russia Keeps Bitcoin Out for Now—Will Economic Shifts Make Crypto Reserves…
Elliptic Uncloaks $60B in Illicit Garantex Transactions, Aiding US Takedown
[Mar 7 10:30 PM] The U.S. Secret Service, supported by blockchain analytics firm Elliptic, dismantled sanctioned Russian cryptocurrency exchange Garantex and froze $26 million in cryptoassets, authorities announced Friday. U.S. Secret Service, With…
Russia Begins Piloting Digital Gold System for International Settlements
[Mar 7 7:30 AM] The program, currently in its pilot stages, is part of a test to examine the feasibility of using gold assets for finalizing international exchanges involving Russia. Capital Lab partner Evgeny Shatov stated that digital gold assets can help the…
Russia Explores Creating Regulated Crypto Market for Super Qualified Investors
Garantex Website Replaced by Feds’ Seizure Notice in Coordinated Cyber Operation
[Mar 6 9:35 PM] The U.S. Secret Service, collaborating with global law enforcement partners, confiscated the website of Garantex, a Russian cryptocurrency platform accused of enabling illegal financial activities. Previously sanctioned by the U.S. and EU for its…
Russian Exchange Garantex Halts Services as Tether Freezes $28M in USDT Tokens
[Mar 6 2:30 PM] Tether, the largest stablecoin issuer, has immobilized roughly $28 million in USDT tokens on Garantex, a cryptocurrency platform based in Russia. This measure corresponds with the European Union’s sanctions against Garantex, which allege…
Russia Could Develop a Crypto Reserve—Expert Discusses Timeline
[Mar 6 3:30 AM] Russia could develop a cryptocurrency reserve within one to three years, a top mining executive claims, as U.S. policy shifts fuel global interest in crypto’s financial potential. Crypto Reserve in Russia? Industry Insider Says It Could…
France Warns: Seizing Russian Assets Could Wreck Europe’s Economy
[Mar 5 4:30 AM] France is resisting calls to seize frozen Russian assets for Ukraine aid, warning that confiscation would violate international law, destabilize the eurozone, and set dangerous economic precedents. France Stands Firm Against Seizing Russian Assets…
Russia Hits Pause on Digital Ruble—Mass CBDC Adoption Delayed
[Mar 2 4:30 AM] Russia’s digital ruble rollout is delayed as the central bank refines its economic model, despite a successful pilot with 15 banks, 1,700 citizens, and 30 businesses participating. Bank of Russia Delays Digital Ruble Rollout The Bank of Russia has…
Putin Eyes Western Companies’ Comeback as US-Russia Tensions Shift
[Feb 24 4:30 AM] As Russia anticipates a possible return of Western corporations, President Vladimir Putin has instructed his cabinet to prioritize domestic firms over foreign businesses seeking to re-enter the market. This move follows economic sanctions imposed…
BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems
[Feb 23 2:30 AM] BRICS nations are accelerating efforts to create independent payment systems, aiming to bypass Western financial dominance. BRICS Advances Alternative Payment Systems to Reduce Western Dependence BRICS nations are actively discussing the…
Russia’s Supreme Court Moves to Classify Crypto as Property
[Feb 22 4:30 AM] Russia’s Supreme Court is pushing to classify cryptocurrency as property in penal cases, aiming to strengthen law enforcement’s ability to track, freeze, and confiscate illicit digital assets. Russia’s Supreme Court Advances Crypto Legalization…
Russia’s Wealth Chief: Biden’s Policies Crushed US Dollar While Strengthening Moscow
Russian Bitcoin Mining Ban Yielding Results in Siberia
[Feb 21 10:30 AM] The bitcoin mining ban imposed by Russian authorities has helped reduce the load on the Siberian power grid, thereby avoiding potential power rationing and restrictions necessary to preserve the region’s outdated energy infrastructure…
Russian Power Company Reports $14 Million Loss Due to Illegal Crypto Mining
[Feb 19 7:45 AM] Russian power company Rosseti suffered over $14 million in losses in 2024 due to illegal crypto-mining operations, which have led to network congestion, equipment damage, and criminal investigations. Unauthorized Crypto Mining Results in Heavy…
Hungary’s Economy Rises as US-Russia Talks Fuel Market Optimism
[Feb 19 3:30 AM] Hungary’s economy is rebounding as potential peace talks between Russia and the U.S. fuel market optimism, with leaders stressing the financial benefits of diplomatic progress. Hungary’s Economy Gains as Peace Talks Show Promise Diplomatic…
Visa and Mastercard Could Make a Comeback in Russia
[Feb 19 2:30 AM] Visa and Mastercard may attempt a comeback in Russia, but the country’s financial system has already moved on. Could they reclaim lost ground, or is it too late? Visa and Mastercard May Be Returning to Russia Visa and Mastercard may attempt to…
Russia Declares SWIFT ‘Dying’ as Crypto Reshapes Finance
[Feb 18 4:30 AM] Russia claims it can reconnect to SWIFT anytime but questions its relevance as digital finance evolves. Could SWIFT become obsolete as BRICS nations develop alternatives? Russia Calls SWIFT Obsolete—Is Crypto the Key to the New Financial Order?…
BRICS Set to Dominate 40% of Global Economy by 2030, Russian Official Says
[Feb 18 2:30 AM] BRICS is set to dominate 40% of the global economy by 2030, while the West’s share shrinks to 27%, Russian Economic Minister Maksim Reshetnikov said. Global Power Shift: BRICS Economy Surges While the West Faces Sharp Decline The BRICS alliance is…
Russia Prioritizes BRICS and G20, Calls G7 ‘Outdated’ and Irrelevant
US May Lift Russian Sanctions if Ukraine Talks Progress, Expert Says
[Feb 14 3:30 AM] The U.S. may lift sanctions on Russia if Ukraine negotiations progress, an expert says, as the Trump administration commits to immediate diplomatic talks amid shifting global economic alliances. Potential US Sanctions Relief on Russia Amid Ukraine…
Trump and Putin Discuss Ukraine, US Dollar, and Cooperation: ‘We Agreed to Work Together’
[Feb 14 1:30 AM] Donald Trump has announced a game-changing dialogue with Vladimir Putin, agreeing to fast-track Ukraine peace talks, plan mutual visits, and launch immediate high-level negotiations. Trump: ‘We Agreed to Work Together, Very Closely, Including…
Convicted BTC-e Operator Alexander Vinnik Freed in US-Russia Prisoner Swap
[Feb 12 8:14 PM] Alexander Vinnik, a jailed Russian IT specialist and operator of the defunct crypto exchange BTC-e, is set to return to Russia as part of a prisoner exchange that has allowed school teacher and former diplomat Marc Fogel to return to the U.S…