Russia Intends to Sell Electricity to Kazakhstan for Crypto Mining
The Russian government is exploring the possibility of supplying electricity to Kazakhstan for the needs of crypto mining companies.
Binance Will Keep Offering its Services to Russian Users
The European Union is preparing a new sanctions package against Moscow.
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.
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.
