Russia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners

Russia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners

Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. New arrangements will allow Kazakhstan’s miners to buy electricity directly from the Russian power generation and distribution giant Inter RAO. Miners in Kazakhstan to Source Energy From the Russian Federation Crypto mining enterprises operating in […]

Russia Said to Allow Crypto Mining in Regions With Hydroelectric and Nuclear Power

Russia Said to Allow Crypto Mining in Regions With Hydroelectric and Nuclear Power

Cryptocurrency mining should be allowed in areas with excess energy and prohibited in those that experience deficits, according to Russian officials preparing to legalize it. An expert from the crypto industry has recently marked the regions where Moscow is likely to authorize mining and the ones where it will probably ban the extraction of digital […]

Settlements With China — Russia Plans Next Step for Digital Ruble

Settlements With China — Russia Plans Next Step for Digital Ruble

Russia intends to use its digital ruble, to be introduced early next year, for payments with its key ally, China. Authorities in Moscow hope other nations will be willing to adopt the Russian digital currency in trade, which will allow the country to circumvent sanctions imposed over the Ukraine war. Russian Federation Eyes Digital Ruble […]

Russian Exchanges Ready to Launch International Crypto Payments, Lawmaker Reveals

Russian Exchanges Ready to Launch International Crypto Payments, Lawmaker Reveals

The largest exchanges in Russia are ready to begin operating with cryptocurrencies right after authorities legalize cross-border settlements in crypto, according to a leading member of the Russian parliament. The stock and commodity trading platforms in Moscow and St. Petersburg are working to develop this market, the high-ranking official added. Russia’s Top Exchanges Waiting for […]

Crypto Payments May Not Help Russia Bypass Sanctions, Experts Say

Crypto Payments May Not Help Russia Bypass Sanctions, Experts Say

Russia is preparing to authorize international crypto payments but people involved in the industry doubt this would allow the country to circumvent sanctions. At the same time, the United States has been tightening the noose, recently targeting the use of cryptocurrencies to dodge the financial restrictions imposed by the West with new legislation in Congress. […]

Russia Starts Developing Mechanism for International Crypto Payments

Russia Starts Developing Mechanism for International Crypto Payments

Financial authorities in Russia have begun work on a mechanism to facilitate the employment of cryptocurrencies for settlements with other nations amid sanctions. The country’s central bank and finance ministry have already agreed on a draft law regulating cross-border crypto payments. Regulators in Russia Move Toward Legalizing Use of Cryptocurrency in Foreign Trade Russian authorities […]

Erdogan Suggests Turkish-Russian Payment System, Local Media Reports

Erdogan Suggests Turkish-Russian Payment System, Local Media Reports

Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been working with them to facilitate payments by Russian tourists visiting the country. President Erdogan […]