Russia Eyes Bitcoin Reserve to Counter Sanctions

Russia is considering establishing strategic Bitcoin reserves to fortify its economy against Western sanctions and growing geopolitical pressure, a move that could accelerate a global trend of governments turning to cryptocurrencies for financial resilience.

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Russian Arms Dealer’s Crypto Wallets Targeted by US Treasury Sanctions

The US Treasury's Office of Foreign Assets Control (OFAC) has imposed full blocking sanctions on 22 individuals and entities across several countries, including Russia and Cyprus, as part of its sanctions evasion network that supports Russia's military-industrial complex.

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Bank of Russia eases digital assets platforms supervision to beat sanctions

The Central Bank of Russia has enacted measures to shield digital asset-using enterprises from sanctions pressures. The move will allow crypto using platforms to operate without fear of sanctions.

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EU narrows Russia’s options further with crypto sanctions

The European Union (EU) commission has imposed a new wave of sanctions on Russia over its invasion of Ukraine, according to an October 6 press statement. The post EU narrows Russia’s options further with crypto sanctions appeared first on CryptoSlate.

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ECB president, Christine Lagarde, warns crypto firms against helping Russia avoid sanctions

The sanctions imposed against Russia by the Western countries have put pressure on cryptocurrency exchanges. Some regulators have expressed concern over how Russia could use cryptocurrencies to avoid these sanctions.

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Playing Politics? EU Adds Crypto to Russia Sanctions, But How

The European Union is attempting to ensure crypto is included amongst the 27-nation bloc’s packages of sanctions on Russia and its oligarchs, says the French Finance Minister Bruno le Maire during a press conference.

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U.S Senate Panel Pushing Treasury’s Yellen To Ensure Russia Doesn’t Use Crypto To Bypass Sanctions

With the risk of Russia dodging the roils of Sanctions placed upon it by Western nations using cryptocurrencies increasingly becoming real, some senate democrats are now questioning how the Treasury Department plans on preventing Russia from bypassing sanctions.

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Why Russia can’t use crypto to evade sanctions

As the war in Ukraine is continuing on its sixth day, sanctions imposed on Russia are both widening and deepening. The post Why Russia can’t use crypto to evade sanctions appeared first on CryptoSlate.

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ECB calls for faster adoption of crypto regulation in response to Russia's possible sanctions evasion

The Chairman of the European Central Bank, Christine Lagarde, sees cryptocurrencies as a tool for possible circumvention of sanctions, which Russia will be able to use if the EU does not speed up work on its cryptocurrency legislation.

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Russia to seize retail deposits if sanctions go too far, official warns

Russia’s largest bank, Sberbank, has denied its own supposedly false statement on being included in the U.S. sanctions list on Thursday.

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World Leaders Condemn Russia’s Attack On Ukraine – Bitcoin Takes Severe Beating

As the attack on Ukraine by Russia commenced as expected in the early hours Thursday, US and world leaders scurried to denounce Russia, warning of harsh consequences for its actions. Russian troops launched their predicted onslaught on Ukraine, ignoring international condemnation and sanctions and warning other countries that any effort at interference would result in […]

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Bitcoin Rises, Stocks Volatile as Sanctions Roll on Russia

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Bitcoin inches past $38K as Wall Street opens to strange calm on Russia sanctions

The feared volatile trading session was yet to appear an hour after the open, with Bitcoin seeing modest gains.

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Latest From Putin And Xi Suggests Growing Political Interest In Bitcoin

Statements from Russia and China suggest the two are unified and prepared to evade economic sanctions, with Bitcoin being a potential tool.

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Digital currencies won’t impact US sanctions, Treasury exec says

Russia’s digital ruble won’t help the country avoid U.S. sanctions because the global economy is “interconnected,” an official said.

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Treasury Department: Digital Assets Ease Economic Sanctions

The US presidential administration sees cryptocurrencies as a tool to circumvent sanctions. The United States imposed so far more than 9,000 sanctions against legal entities and individuals from countries such as Iran, Russia and North Korea.

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Digital Ruble Could Be Tool Against Sanctions, Bank of Russia Says

Russia's central bank says a digital ruble could make Russia less dependent on the U.S. dollar and more resistant to foreign sanctions.

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U.S. “Sanctions Bill from Hell” is a Declaration of War on Europe as Well as Russia

DASKA is a proposed U.S. bill designed to sanction anyone doing business with Russia. Here's why it could backfire tremendously. The post U.S. “Sanctions Bill from Hell” is a Declaration of War on Europe as Well as Russia appeared first on CCN.com

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Russian Startup Turns Aluminium Plant into Bitcoin Mining Facility  

Russia Mining Company (RMC) has taken over the facility of the now-defunct Nadvoitsy Aluminium Plant in the northern Karelia region, which ceased operations in 2018 due to U. S. sanctions. RMC plans to turn the aluminum plant into a mega Bitcoin mining farm that would control 20 percent of the world’s bitcoin (BTC), according to reportsRead MoreRead More.

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Russian Bitcoin Miner Wants To Control 20 Percent of Global BTC Mining

Bitcoin mining will breathe new life in a closed Russian aluminum plant which lost access to American customers following the introduction of U. S. sanctions in April 2018. Russian Mining Company’s (RMC) Dmitry Marichinev wants to ramp up BTC mining across Russia.

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Russia Regulates Digital Rights, Advances Other Crypto-Related Bills

After much deliberation in the past months and years, Moscow has recently taken important steps toward regulating the crypto space. These are part of the efforts to open the way for the development of the Russian digital economy.

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Russia Will Not Legalize Cryptocurrency Anytime Soon, Even Though It Could Help Avoid US Sanctions

The battle between the Russia and the US sanctions have been difficult, which Soyuzmash Vice President Vladimir Gutenev admits. Speaking to the advisory council on military-technical co-operation, the vice president expressed that the current conditions were difficult, and the environment is far from competitive, thanks to the strong pressure from sanctions. Despite weapons already being […]

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Russian Arms Manufacturers Dodge US Sanctions With Bitcoin

Soyuzmash, the Union of Machine Builders in Russia, has asked the Central Bank for permission to accept Bitcoin and stablecoin payments for weapons deals. This, they claim, will help them to circumvent US and international sanctions.

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Venezuela is buying Bitcoin with airport taxes to smuggle in US dollars, report

Venezuela appears to be leveraging cryptocurrencies as part of a larger effort to bypass US sanctions. According to an investigation by Spanish newspaper ABC, President Nicolas Maduro and his administration are using a digital wallet app called Jetman Pay to convert tax revenue from one of the country’s main airports into Bitcoin and other cryptocurrencies.

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Oil coin, gold, nickel and palladium coins: Russian Norilsk Nickel launches stablecoin

The unique ability of cryptocurrencies to realize global payments is already used by several economies, mainly depressed or under sanctions. It seems that Russia intends to go this way – at the expense of nickel and palladium.

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In a bid to avoid US sanctions, Iran sought solace in Bitcoin and blockchain?

Several countries across the world have joined the Bitcoin and cryptocurrency bandwagon, either in full or partial capacity. China, Russia, and Iran have made news in the cryptocurrency industry either due to positive adoption or because of integrating the ingrained technology for their own use cases.

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Study Exposes How Russia, Iran, & China Are Weaponizing Crypto

It’s no secret that foes of the United States – including Venezuela, Iran, Russia, and China – are experimenting with cryptocurrency technology as they seek to render their economies immune to crippling US sanctions.

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Crypto Could Help Russia Escape US Sanctions as Country Looks to Gold-Backed Crypto Asset

The use and prevalence of cryptocurrency have led to a number of disruptions within the global economic system such as many large firms being forced to finally adopt crypto, many major retailers finally accepting cryptocurrency and the general public beginning to question the traditional economic structures that have existed until now. One of the latest […]

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Russian Gold-Backed Crypto Slams the Global US Dollar Standard

By CCN Markets: Russia is continuing to explore the possibility of a gold-backed cryptocurrency for use as a cross-border settlement alternative with other countries. Under heavy sanctions from the US, the potential of a value-pegged cryptocurrency could help Russia escape from the usage of the Dollar as a currency standard.

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Russia’s Massive Oil Industry Considers Using Facebook’s Global Coin

By CCN: According to local reporting, Facebook’s Global Coin might soon be used to value barrels of oil, according to one wide-ranging article about the impact of technology on the Russian economy.

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Russia will launch gold stablecoin – following Iranian PayMon (PMN)

Russia under the press of stifling international sanctions is looking for ways to conduct international settlements. A variant with crypto is being considered – this is reported by the Russian state news agency TASS with reference to Elvira Nabiullina, the head of the Bank of Russian.

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Russia Stunningly Explores a Gold-Backed Crypto to Settle Payments

By CCN: Russia is reportedly considering the implementation of a gold-backed cryptocurrency, according to Russian news outlet Tass. Immutability and censorship-resistance are useful for governments in certain instances, such as conducting international trade in the face of sanctions.

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Venezuela Turns to Crypto and Rubles to Bypass US Sanctions

Coinspeaker Venezuela Turns to Crypto and Rubles to Bypass US SanctionsVenezuela and Russia are discussing an option to use the Ruble and the Petro in their mutual trade settlements.Venezuela Turns to Crypto and Rubles to Bypass US Sanctions

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Venezuela Tries to Avoid US Sanctions By Trading In Rubles and Crypto

Caracas and Russia are in talks to disconnect from USD and exchange rubles and crypto.

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Iran’s First Ever Bitcoin ATM Unveiled in Tehran

On April 24, 2019, the first bitcoin ATM in the Islamic Republic of Iran was revealed at the 12th International Exhibition of Exchange, Bank and Insurance in Tehran.

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Just In: Russia Considers Crypto To Bypass US Sanctions

Russian news agency, TASS, reports that Russian President Vladimir Putin’s advisor has suggested the state of Crimea adopt a digital… The post Just In: Russia Considers Crypto To Bypass US Sanctions appeared first on Invest In Blockchain.

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Adviser to President of Russia Proposes Digital Currency in Crimea

An adviser to the president of Russia has proposed to adopt a digital currency in Crimea to attract investors and avoid sanctions

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Mueller Report: Russia Used Bitcoin to Fund DNC Hacks

An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U. S. presidential election, the Mueller Report claims.

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Bitcoin’s Meteoric Rise Exposes Bitter Irony of Russia’s Crypto Skepticism

For anyone thinking of promoting bitcoin as an investment, Russia might not be the ideal place to set up shop. According to the Russian Public Opinion Research Center (VTsIOM), around 65% of Russians consider bitcoin to be a “disadvantageous investment.

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New Survey Finds 74% of Russians are Familiar with Bitcoin

A public opinion poll in Russia has shown that only one-third of people in the country do not think Bitcoin (BTC) is a viable investment. This survey result comes as recent reports claim Russian oligarchs are buying up BTC to bypass US sanctions.

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Russians Bought $8.6 Billion in Bitcoin, Says Kremlin Economist

Russian economist, Vladislav Ginko, is out with another bold claim. This time he says that some companies and wealthy individuals in Russia have bought 1. 8 million bitcoin (about $8. 6 billion).

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Russia Parliament Approves Swift-Alternative but Moves Crypto Bill to April

Two very contrasting events took place in Russia lower house parliament last week. In the first, the State Duma approved the international use of a Swift-like financial network to eliminate the risks of western sanctions.

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Russian Gold Stockpile Grows as Analysts Warn of Global Recession

Following sanctions imposed on Russia, Putin is supporting a mass gold stockpile expansion and a sale of U. S. debt holdings. With a trade war blazing, and sanctions laid across countries to force North Korea and its associates into submission, what happens to other economies? Countries like Russia are using this opportunity to step away from America’s mounting debt.

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U.S. Treasury Sanctions Russia-Based Bank Allegedly Backing Venezuela’s Petro

The United States Treasury Department has imposed further sanctions on Russia, this time adding bank Evrofinance Mosnarbank, jointly owned… The post U.S. Treasury Sanctions Russia-Based Bank Allegedly Backing Venezuela’s Petro appeared first on Invest In Blockchain.

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Putin’s Bitcoin Regulation Deadline Might Not Lead to Actual Crypto Rules

Bitcoin skeptic Vladimir Putin has set a July 2019 deadline for crypto regulations to be put in place in Russia. Putin made the announcement on the Kremlin website in a February 27 notice. In his order, President Putin told the Russian State Duma and the Council of the Federation of Russia to adopt cryptocurrency rules by July 1.

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Recent Russian Rumor Resurfaces Saying Country is Buying 1 Million Bitcoin Worth Billions to Avoid US Sanctions

Is There Any Truth to the Recent Rumor That Russia Has Just Bought a Million Bitcoin (BTC) Coins? If controversial crypto commentator Vladislav Ginko is to be believed, the Russian government has recently purchased a massive total of 1 Million BTC tokens from unknown sources. Ginko, who claims to be a tenured professor at the […]

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Iran releases gold-backed cryptocurrency

Another country that faces a financial crisis due to the US sanctions issues its own national cryptocurrency. A group of Iranian banks presented a PayMon pegged to gold. Islamic revolution in digital Four Iranian banks (Bank Mellat, Bank Melli Iran, Bank Pasargad, and Parsian Bank) presented PayMon cryptocurrency, each coin of which is backed to gold reserves.

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Pavel Durov – the Hope of Davos-2019. And of Institutionals?

This year’s World Economic Forum is clearly a failure. It is ignored by leading leaders of states, from America and the UK to China and Russia. It is not even clear why the Russian oligarch Deripaska made great sacrifices, the abandonment of his assets – only to get out of the sanctions and go to […]

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The Bullish News Keep Coming, but They Are Doing More Harm Than Good

Recently, a report emerged that indicated that Russia intended to invest billions in Bitcoin. The report by an Australian publication cited U. S sanctions as the reason Russia was turning to cryptos.

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