Russia is diving into cryptocurrency to navigate economic hurdles and sanctions. With Bitcoin at the forefront, the nation is reshaping its global trade strategy. Let’s explore how Finance Minister Anton Siluanov and cryptocurrency are playing key roles in this shift. Why Bitcoin and Cryptocurrency Are in the Spotlight Russia has found a new ally in […]

Binance may have announced its exit from Russia, but the connection with the country remains alive. Even after stepping away in 2023, the platform continues to serve Russian users in a limited capacity. This has kept Binance and Russian cryptocurrency enthusiasts linked through different channels, especially Telegram. Despite officially leaving, Binance remains an essential part […]

In the haste to bypass the increasing number of sanctions Russia decided to regulate the crypto exchanges operating in the country in order to use them for cross-border transactions. Controlling All Crypto Exchanges Instead of Only One Russia is making progress in incorporating digital currencies into its financial landscape. The country has abandoned plans for […]

While Putin speaks of a decentralized global economy, he is working on increasing his and Russia’s influence. Putin Believes Decentralization Will Help Global Economy Be More Resilient Russian President Vladimir Putin believes that decentralizing the finance system can strengthen the global economy and enhance its ability to withstand crises. During the second Eurasian Economic Forum, […]

A mysterious hacker group has allegedly stolen cryptocurrency from Russian wallets and donated the funds to Ukrainian volunteers. This modern-day Robin Hood story showcases the power of blockchain and bitcoin technologies in global conflicts. Stealing from Russian Law Enforcement According to crypto experts, the hacker accessed hundreds of wallets likely owned by Russian law enforcement […]

Russia is looking for ways to escape the strain of the Western financial sanctions. Escaping the Sanctions Russia is reportedly developing special institutions to mine and transfer cryptocurrencies across borders. This is in response to the growing economic separation of Russia from the West due to the invasion of Ukraine. The country plans to create […]

PRESS RELEASE On November 20, the heart of the Russian Federation held the eighth Blockchain Conference. Its organizer is the Smile-Expo international company. The large-scale specialized conference brought together 40 speakers from seven countries, including Russia, Ukraine, Switzerland, Germany, and China. 500 attendees came to hear their presentations and observe the products at the demo […]

PRESS RELEASE | November 2018 On November 20, Smile-Expo will hold the eighth Blockchain Conference Moscow, an international conference dedicated to blockchain and cryptocurrencies. The event will bring together developers, investors, blockchain company representatives, as well as leading Russian and foreign industry experts. Activities for guests The conference will involve specialists from seven countries: Switzerland, […]

The biggest private and state owned Russian banks, Sberbank and Alfa-Bank, are piloting cryptocurrency investing for private investors who are looking to diversify their portfolio according to Financemagnates. The most interesting part is that while Alfa-Bank is the largest private commercial bank in Russia, Sberbank is the largest state-owned financial institution in the country with […]

A TV show was released by local media outlet where Russian president Vladimir Putin has expressed his thoughts regarding cryptocurrencies and the technology behind it. Putin claimed that there is no national currency planned to introduce at this point as regulations are yet to come and cryptocurrencies are border-less meaning that research still needs to […]

Gazprombank, one of the major Russian state-owned banks, is going pilot a cryptocurrency service in Switzerland according to local news provider Vedomosti. The service includes some form of cryptocurreny transactions for its clients. Aleksandr Sobol, who serves as the Deputy Chairman of the Board of Gazprombank, stated that Switzerland had been chosen due to the […]

Chairman of the State Duma Committee on Financial Markets, Anatoly Aksakov released an official statement on cryptocurrencies and initial coin offerings (ICOs). The statement goes in detail regarding two documents, one of them is labeled “On Digital Financial Assets” and the other one is “On Alternative Methods of Fundraising”, both will become law by 1th […]