Russia’s Central Bank Opposes Recognition of Stablecoins as a Means of Payment
The Central Bank of Russian believes it is impossible to recognize cryptocurrencies and stablecoins as means of payment.
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Russia Agrees on Bill to Regulate Mining Industry
The Ministry of Finance and the Bank of Russia have recently approved the final version of the regulatory framework for individuals and legal entities involved in cryptocurrency mining.
BitMEX Bans Russian Users in the EU from Accessing its Services
Crypto exchange BitMEX has decided to stop offering its services to Russian users to comply with the sanctions imposed by the European Union.
Miners Account for More Than 2% of Total Energy Consumption in Russia
More than 2% of the total amount of electricity generated in Russian is consumed by citizens and companies involved in crypto mining.
Moody’s: Cryptos Will Not Help Russia Avoid Western Sanctions
According to analysts from international rating agency Moody’s, cryptos are not an effective solution for Russia to circumvent sanctions.
Visa and Stripe Suspend Bankoff Cards
The Bankoff service announced on May 3 to its customers Visa and Stripe were suspending the company’s virtual cards.
Binance to Limit Functionality of Accounts Belonging to Russian Users with More Than 10,000 Euros
Cryptocurrency exchange Binance continues to limit the opportunities for Russian traders.