A stablecoin pegged to the Russian ruble has quietly processed more than $9.3 billion in transactions just four months after its launch, according to a Financial Times investigation. The digital asset, named A7A5, debuted in February 2025 in Kyrgyzstan and is marketed as the first ruble-backed stablecoin designed for cross-border ...
Russians currently hold over $25.4 billion worth of cryptocurrencies, reflecting a significant surge driven by rising institutional investments. This growth highlights the expanding role of crypto assets within Russia’s financial landscape despite regulatory uncertainties. Russians’ Crypto Holdings Top $25.4 Billion Amid Surging Institutional Investment https://t.co/pLGEwx7AB4 — Cryptocurrency (@cryptocurrency) June 24, ...
A Russian couple recentlyescaped from a kidnapping ordeal orchestrated through a cryptocurrency scam, sparking an international search for the perpetrators. 🚨 A Russian couple running a crypto biz in Buenos Aires, Argentina, was kidnapped for a $43K digital ransom. Police rescued them, but the suspects fled to UAE, now on ...
Russia’s state-owned Sberbank is positioning itself at the forefront of its regulated crypto market, preparing to step in as a market maker and liquidity provider for upcoming digital asset exchanges. As Russia gears up to launch regulated platforms, Sberbank aims to play a pivotal role in shaping the nation’s evolving ...
Russia is preparing new legislation aimed at streamlining the process of confiscating digital assets. The proposed bill intends to clarify and enhance the legal framework for seizing cryptocurrencies and other digital property in criminal cases. This move reflects the government’s growing focus on regulating the digital asset space amid rising ...
Russia has long had a love-hate relationship with cryptocurrency. Now, with a new proposal seemingly favouring the ultra-wealthy, the country stands at a crossroads: is this a step toward mainstream adoption or just another method to keep crypto in the hands of an elite few? Historically, the Bank of Russia ...
Russia’s Ministry of Finance and the Central Bank have announced plans to launch a crypto exchange exclusively for “super-qualified investors” under an experimental legal framework. This initiative aims to legalize and regulate crypto operations, moving them out of the shadows. Still, it will not operate domestically; instead, it will function ...
In response to recent sanctions and wallet freezes linked to the crypto exchange Garantex, Russian finance officials are considering the development of a national stablecoin to safeguard the country’s financial infrastructure from foreign interference. According to reports on by Reuters and Russian state news outlet TASS, Osman Kabaloev, deputy director ...
A prominent Russian economist has suggested that Moscow’s cryptocurrency adoption may have significantly stabilized the ruble in recent months. This claim was made by Professor Oleg Vyugin from the National Research University Higher School of Economics (HSE), according to a report by Russian news outlet RIA Novosti. Vyugin, who has ...
The launch of Russia's digital ruble has been postponed to mid-2026 as the Central Bank continues to address technical and regulatory challenges in collaboration with major financial institutions. Initially set for July 1, 2025, the delay was confirmed by Central Bank Chairperson Elvira Nabiullina, who did not provide a specific ...
