Bitcoin Magazine Unregistered Bitcoin Mining in Russia May Soon Come With Up to Two Years of Forced Labor Russia is preparing to escalate its crackdown on unregistered cryptocurrency mining, proposing…

Bitcoin Magazine Sberbank Issues Russia’s First Crypto-Backed Loan in Pilot Deal With Major Bitcoin Miner Sberbank has issued Russia’s first loan backed by crypto, extending financing to Intelion Data, one…

The Central Bank of Russia recently referred to the properties of bitcoin mining and how it could help strengthen the Russian ruble. Elvira Nabiullina, head of the institution, stated that…

After peaking above $123,000 on July 14, bitcoin fell to around $116,221 before stabilizing above $117,000 by July 15. Traders are advised to monitor the support zone between $117,000 and…

Rostec announced that it will promote this stablecoin and an associated payment platform as a secure method for conducting transactions, approved by the Russian Central Bank. The payment system will…

The Central Bank of Russia announced that large payments using the digital ruble framework will debut in 2026, providing an official update after the postponement of its launch in March.…

Tether, the largest stablecoin issuer, has immobilized roughly $28 million in USDT tokens on Garantex, a cryptocurrency platform based in Russia. This measure corresponds with the European Union’s sanctions against…

Alexey Zhikharev, director of the Renewable Energy Development Association (REDA), revealed that cryptocurrency mining accounts for almost 1% of Russia’s energy consumption. He stated that as the industry grows, miners…

Anton Siluanov, Russia’s Finance Minister, has clarified how cryptocurrency will be utilized in the country’s financial system now that mining has become legal. Siluanov stated that international settlements will be…

Ripple CEO loses his long-term bank account, Russia publishes new crypto law, BRICS payment system aims to be a SWIFT substitute, and more in this Week in Review. Week in…