[Dec 16, 2024 10:30 AM] Alexander Babakov, Deputy Chairman of the Russian State Duma, called out President-elect Trump’s recent threats regarding the hypothetical implementation of a 100% tariff regime on the BRICS bloc, stating that such an application was…
[Dec 13, 2024 4:30 AM] Seizing Russia’s frozen assets risks catastrophic fallout, including collapsing trust in global financial systems, destabilizing the euro, and sparking severe retaliatory measures. Confiscating Russia’s Assets Could Backfire Catastrophically…
[Dec 9, 2024 10:01 PM] Follow Nikolaus On 𝕏 Here For Daily Posts Today, Russian state-owned domestic news agency, RIA Novosti, reported that State Duma Deputy Anton Tkachev proposed creating a strategic bitcoin reserve for Russia, claiming they have obtained a copy…
[Dec 6, 2024 3:30 AM] Russia is set to integrate its central bank digital currency (CBDC), the digital ruble, into its federal budget system starting next year, with nationwide adoption targeted by July 1, 2025, President Vladimir Putin announced at the 15th VTB Russia…
[Dec 4, 2024 2:29 AM] Hydra market founder Stanislav Moiseev and 15 of his accomplices were jailed for between 8 and 23 years for their involvement in the darknet market and crypto mixer.
[Dec 1, 2024 5:30 AM] BRICS expansion is progressing without setbacks, as no invited countries have declined partnership offers, with the finalized list expected before year-end, Russian officials confirm. BRICS Expansion Gains Momentum: No Declined Invitations Russia…
[Nov 30, 2024 4:30 AM] Russia’s central bank, the Bank of Russia, has revealed that over 80% of major Russian exporters’ revenues are now denominated in rubles and “friendly” currencies, marking a significant shift from Western currencies. Deputy…
[Nov 30, 2024 2:30 AM] Russia officially declares cryptocurrency as property, unleashing groundbreaking tax rules: mining exemptions, progressive income taxes, and steep corporate levies starting in 2025. Crypto Officially Property in Russia After Putin Signs Landmark…
[Nov 28, 2024 8:58 AM] The Russian Federation Council’s approval of the new crypto taxation regime comes amid Bitcoin hitting all-time highs against Russia’s national currency, the ruble.
[Nov 28, 2024 3:30 AM] Russia’s new crypto tax law classifies digital currencies as property, exempts mining from VAT, and mandates detailed reporting, signaling a seismic shift in regulation. Russia’s New Crypto Tax Rules Signal a Major Shift in Digital Currency…
[Nov 22, 2024 9:30 AM] Russia has revealed that it will respond in kind to the actions of Western governments, which are preparing to make a $50 billion loan to Ukraine collateralized by frozen Russian assets, potentially escalating this conflict. Russia Preparing…
[Nov 22, 2024 3:30 AM] Russia’s foreign trade is defying Western sanctions, with rising imports, resilient transaction systems, and projected economic growth outpacing stagnating Western economies. Western Sanctions Meet Resistance as Russia’s Trade Surges Russian…
[Nov 20, 2024 11:45 AM] If approved, the restrictions would seriously affect Russia’s crypto mining operations, as some key local industry firms have a heavy presence in regions like Irkutsk.
[Nov 20, 2024 6:30 AM] Russia’s governmental commission on electricity development approved cryptocurrency mining restrictions on Monday, set to take effect on Dec. 1 with subsequent enforcement covering Nov. 15 to March 15 annually through 2031. Deputy Energy Minister…
[Nov 17, 2024 7:30 AM] The Russian Energy Ministry has officially proposed limiting crypto mining activities in certain special regions affected by energy shortages. The authorities have the right to impose such a ban following the enactment of the recent national…
[Nov 16, 2024 7:30 AM] Russia’s issuance of digital financial assets could reach 10 trillion rubles (approximately $101.36 billion) by 2026, according to Sberbank Deputy Chairman Anatoly Popov. Speaking in Moscow, Popov noted that the current market volume for digital…
[Nov 14, 2024 5:30 AM] Sberbank CEO Herman Gref announced that using cryptocurrencies as a payment method within Russia is currently prohibited by law and is unlikely to be allowed in the near future. Speaking at the “FI day. Blockchain: on the edge of a new…
[Nov 13, 2024 10:36 PM] China-Russia cooperation is helping to stabilize the region and avert a global crisis, according to Zhang Hong, a research fellow at the Chinese Academy of Social Sciences. Zhang emphasized that as permanent members of the UN Security Council…
[Nov 13, 2024 5:30 AM] The use of national and alternative currencies in Russia-India trade has reached nearly 90%, according to Russian First Deputy Prime Minister Denis Manturov. Speaking at a Russian-Indian intergovernmental commission meeting, Manturov emphasized the…
[Nov 12, 2024 4:30 AM] Russia’s central bank reported a record high of $207.7 billion in gold reserves for October. Gold’s share in Russia’s total international reserves rose from 31.5% in September to 32.9%, the highest level since November 1999, when it reached 34%…
[Nov 11, 2024 12:30 AM] A proposed BRICS digital asset platform could ignite unprecedented investment in South Asia, Africa, and Latin America, driving growth in emerging markets. Digital Assets at the Core of BRICS’ Ambitious New Investment Platform Russian President…
[Nov 8, 2024 11:29 PM] Kremlin spokesman Dmitry Peskov noted that the abuse of the U.S. dollar as a political instrument has caused other nations to be concerned about potential roadblocks to using the currency in the future. Kremlin Highlights Nations’ Concerns on…
[Nov 7, 2024 2:30 PM] Anton Siluanov, Russia’s Finance Minister, has clarified how cryptocurrency will be utilized in the country’s financial system now that mining has become legal. Siluanov stated that international settlements will be the primary use case…
[Nov 7, 2024 4:30 AM] Russia is reshaping global finance, pivoting from the dollar to local currencies as more nations rally for alternatives to U.S. dominance in global transactions. A New Currency Frontier? Russia’s Strategy Signals Global Shift Kremlin spokesman…
[Nov 3, 2024 12:30 PM] Ripple CEO loses his long-term bank account, Russia publishes new crypto law, BRICS payment system aims to be a SWIFT substitute, and more in this Week in Review. Week in Review Ripple’s CEO recently disclosed the closure of his 25-year-old bank…
[Nov 3, 2024 1:30 AM] Russia’s sweeping crypto mining regulations took effect Nov. 1, transforming the industry with strict energy caps, mandatory registration, and stringent oversight. Russia’s Crypto Law Takes Effect, Sparking Changes in Energy and Oversight On Nov…
[Nov 1, 2024 8:51 AM] Russia’s crypto mining laws have filled the “regulatory vacuum,” but there is still a lot of legal uncertainty about many aspects of regulation.
[Nov 1, 2024 3:30 AM] Google faces a spiraling fine from Russia, surpassing two undecillion rubles and doubling weekly, with potential service blocks looming as tensions escalate. Google and the Unending Fine: How a 36-Digit Debt May Be Just the Start Tech giant Google…
[Oct 31, 2024 4:30 AM] Russia reveals that over 30 nations are pursuing deeper engagement with BRICS, aiming to finalize an expansion list by the year’s end amid unprecedented alliance growth. Russia Confirms Over 30 Countries Eye Deeper BRICS Alliance Russia plans to…
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