Russia plays a complex role in the cryptocurrency and Web3 sector. Although the government has adopted an ambiguous stance on crypto regulation, the country is home to one of the most active blockchain developer communities. Moscow and other Russian cities are innovation centres for blockchain, with companies working on smart contracts, DeFi and digital payment solutions.
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Elliptic's 26 September report reveals how sanctioned Russian entities, through a wallet network run by fugitive Ilan Shor, moved more than $8 billion in digital assets, circumventing Western restrictions and relying on stablecoins such as USDT.
Ukraine passes a law to legalise and tax cryptocurrencies, introducing clear rules on the digital market.
The United States sanctioned the ruble-anchored stablecoin A7A5. Since OFAC's announcement, the token has lost 13% of its value.
Beijing responds to EU sanctions against Chinese banks for crypto services to Russia, hitting two Lithuanian institutions.
Largest illegal Bitcoin mining network with stolen electricity discovered in Russia: over USD 4 million in damages.
The ruble-linked A7A5 stablecoin moved $9.3 billion in just four months, raising questions about possible links to Russian sanctions and exchanges.
Over 5,000 mining farms operate in Tatarstan, a Russian region that accounts for 3% of the national cryptomining market.
Belarus will launch the digital rouble in 2026 to ensure financial security and facilitate cross-border payments, in cooperation with Russia.
Toncoin registers a 40% increase in one week. We analyse the causes and future prospects of this Telegram-linked cryptocurrency.
Gotbit CEO Alexey Andryunin admitted guilt in a lawsuit for fraud and market manipulation. The US will confiscate $23M in crypto.
Garantex, after US and EU sanctions, launches new Grinex platform, attracting millions in transactions. Find out how to challenge the international blockade.
Tether has frozen Garantex's funds in excess of 2.5 billion roubles. The exchange has suspended operations and Russian users fear further freezes.
