Tag: Russia
EU Aims to Disrupt Russian War Funding with Proposed Ban on Digital Asset Transactions
Reading time: < 1 minuteThe European Union is formulating a ban on all cryptocurrency transactions with Russia in a direct effort to cripple Moscow’s ability to finance its military campaign through digital means.
Russian Central Bank to Allow Rich Investors to Trade Crypto
Reading time: < 1 minuteRussia’s central bank has proposed new regulations to permit high net-worth individuals to trade cryptocurrencies during a three-year trial period, according to a statement released Wednesday.
Russian Lawmakers Approve a Crypto Tax Law
Reading time: < 1 minuteThe Russian Parliament’s Federation Council passed a bill on Wednesday that was proposed by the government and outlines the taxation rules for digital currencies.
Russia Proposes 15% Tax on Crypto Trading and Mining Income
Reading time: < 1 minuteThe Russian government has approved proposed changes to the bill on taxing income and expenses related to the mining and trading of digital currency, according to a report from the Finance Ministry.
Binance Will Stop Ruble Support Next Month
Reading time: < 1 minuteThe press office of Binance has announced that transactions in Russian rubles will no longer be allowed starting January 31, 2024.
Binance Stops Transactions in Pairs with the Ruble
Reading time: < 1 minuteBinance will stop processing transactions with major cryptocurrencies paired with the ruble, such as Cardano (ADA), Arbitrum (ARB), Ethereum (ETH), Solana (SOL) and Ripple (XRP).
Binance Could Leave Russia
Reading time: < 1 minuteBinance is reportedly exploring the possibilities of conducting business in Russia, including the possibility of total withdrawal from the jurisdiction.
The Bank of Russia Plans to Test Crypto in International Settlements
Reading time: < 1 minuteThe Deputy Head of the Central Bank has confirmed that the financial authorities are softening their position in order to develop the most effective mechanism for circumventing economic sanctions.
Russia’s Parliament is Developing a Bill on the Launch of a National Crypto Exchange
Reading time: < 1 minuteThe Russian Parliament has started drafting a bill on the creation of a national cryptocurrency exchange.
Binance May Impose Sanctions on Russian Users
Reading time: < 1 minuteThe sanctions against Russia because of its invasion of Ukraine have created a “difficult situation” for Binance to work with Russian users.
