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Russia News

Telegram Crypto Project Blum Co-Founder Vladimir Smerkis Arrested

The Zamoskvoretsky District Court approved holding Smerkis in custody during the investigation. Smerkis is linked to investor losses related to The Token Fund...

Russia Eyes Ruble Stablecoin with 7 Key Criteria, Faces Regulations

Mendeleev suggested a Russian stablecoin should follow DAI's overcollateralization model while remaining compliant with Russian regulations. Despite technical feasibility, Mendeleev expressed skepticism about...

Russia Mulls Stablecoin for Trade as Tether Freezes Funds

Russia's Finance Ministry official proposes creating a national stablecoin for international trade amid sanctions.Russia seeks alternatives after Tether froze $28.5 million linked to sanctioned...

Russia Mulls Own Stablecoin After Tether Freezes Garantex Wallets

Russian finance ministry official calls for development of domestic stablecoin following Tether's freezing of $27 million linked to sanctioned exchange Garantex.US Department of Justice...

Russia Faces Energy Crisis, May Import Electricity from China

Russia faces severe energy shortages caused by the Ukraine war, Western sanctions, and cryptocurrency mining demand, transforming it from an energy exporter to a...

Russia Proposes Cryptocurrency Fund Using Seized Assets to Boost Financial Strategy

Russia proposes creating a cryptocurrency fund utilizing confiscated digital assets to improve efficiency in managing seized funds. The initiative aligns with growing global...

Russia Uses Bitcoin to Bypass Sanctions in Trade with China and India

Russia is using cryptocurrencies to facilitate trade with China and India, circumventing international sanctions imposed following its invasion of Ukraine.The Bank of Russia is...

Russia Turns to Cryptocurrencies to Evade Western Sanctions in Oil Trade

Russia's oil companies are increasingly using cryptocurrencies like Bitcoin, Ether, and Tether to facilitate trade with China and India, circumventing Western sanctions.The crypto-enabled oil...

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JPMorgan Expands JPM Coin to Base, Eyes Retail and Multi-Currency Use

JPMorgan has launched its dollar-backed stablecoin, JPM Coin (JPMD), for institutional transfers on the Base blockchain network. The system allows...

Report: 16 Blockchains Have Built-in Fund Freezing Mechanisms

Sixteen blockchains have built-in fund freezing features, while 19 more can add this with small protocol changes.Three types of...

Peraire-Bueno Bros Face Retrial in $25M Ethereum Fraud Case

Anton and James Peraire-Bueno face a potential retrial for alleged fraud and money laundering involving a $25 million Ethereum...

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