Russia Legalizes Crypto Mining
Russian President Vladimir Putin has signed a new law aimed at reducing the country’s dependence on the United States dollar in international trade.
Russian President Vladimir Putin has signed a new law aimed at reducing the country’s dependence on the United States dollar in international trade.
Russian users of crypto exchanges Bybit and OKX will now no longer be able to withdraw funds to accounts with Sberbank and Tinkoff Bank.
Due to the requirements of Russian regulators, OKX cryptocurrency exchange amended on June 19 the service for Russian citizens by restricting their access to a number of products.
Russia has proposed to introduce passport identification of users of crypto exchanges.
Russia’s Parliament received a new draft law on the regulation of the mining industry last week.
Kraken has joined the list of cryptocurrency services that have stopped offering their services to Russian users.
The authorities of the European Union have just approved a new sanctions package including clauses prohibiting Russians from using crypto wallets and trading platforms for transactions with digital assets.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
Altcoins Banks Bitcoin Blockchain chain China crypto Cryptocurrency Crypto exchanges Crypto mining Crypto regulations Decentralized Finance Elon Musk ETH Exchange-traded fund Facebook Fintech France Funding GameFi Hackers India Investment Iran Japan Metaverse NFTs North Korea Russia Sanctions South Korea Stablecoins Technologies Tesla The city of Minsk Mazowiecki in Poland Twitter UK Ukraine US