OKX Limits Services for Russian Citizens
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.
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.
The Bank of Russia has softened its position on cryptocurrencies and has agreed to the international use of such tools to circumvent economic sanctions.
The Russian government is exploring the possibility of supplying electricity to Kazakhstan for the needs of crypto mining companies.

"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)
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