Top Binance execs in Russia leave as firm considers exiting the market
Binance VP Eastern Europe Gleb Kostarev and CIS Director Vladimir Smerkis have announced they have quit the company.
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Bank of Russia presents digital ruble’s logo and commission fees
From 2025 B2B transactions will cost $0,16 each, while individual customers will pay 0.3% of the total transaction sum when transferring to commercial accounts.
Russia becomes second-largest Bitcoin mining hub after US, claims local miner
Russia becomes the second-largest country in cryptocurrency mining, while the United States retains the top spot; however, unclear regulations in the US could shift the market.
Bank of Russia to set up entities for crypto mining and cross-border settlement: Report
Russia's central bank plans to create new institutions to mine crypto assets and settle international payments.
Blockchain is the answer to Russia's settlement issues, banking exec says
There is no technical reason preventing Russia from creating its own blockchain-based system, blockchain provider Fuse Network's CEO believes.
Ukraine netted $70M in crypto donations since start of Russia conflict
Ether leads the way in donations with $28.9 million received so far, while BTC and USDT donors have chipped in $22.8 million and $11.59 million respectively.
Russia's Sberbank plans to launch DeFi platform on Ethereum
DeFi systems are able to displace the traditional market of banking services, Sber’s Blockchain Lab product director Konstantin Klimenko said.
Iran and Russia want to issue new stablecoin backed by gold
The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like U.S. dollar, the Russian ruble or the Iranian rial.
Russia to begin work on CBDC settlement system in Q1 as sanctions endure: Report
The country's central bank will begin studying two possible cross-border CBDC settlement models this quarter.
Russia's largest bank issued gold-backed digital financial assets
The issuance became the second major operations of the bank with the new class of assets.