Russia | ForkLog

ForkLog 69 05.02.2025

Deribit to Cease Services for Russian Clients in Compliance with Sanctions

The cryptocurrency options platform Deribit announced it will cease servicing Russian citizens and residents, with certain exceptions. Under the new rules, the platform will restrict access for: Russian citizens, unless they are also citizens of a European Economic Area (EEA) country or Switzerland, or reside there; individuals residing in Russia who do not hold citizenship […]

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ForkLog 29 03.02.2025

Russian Tax Authority Introduces Bitcoin Mining Section on Website

The Federal Tax Service (FTS) of Russia has introduced a section for miners in users’ personal accounts, allowing them to report the receipt of digital currency. Individuals must fill out the “Mining” form, while legal entities and individual entrepreneurs are required to complete the “Digital Currency Mining” form. The latter two must be included in […]

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ForkLog 21 29.01.2025

KAMAZ and Sber to Launch ‘Digital Kilometres’

A subsidiary of KAMAZ, ‘Digital Kilometre’, will launch a digital financial asset (DFA) on Sber’s platform with the same name. The programme aims to support the production of trucks. The DFAs are available to employees of both organisations and a wide range of investors, including legal entities, through the Digital Kilometre app. The minimum investment […]

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ForkLog 21 28.01.2025

Russia Tests Digital Ruble in Budget Operations

The Bank of Russia, the Ministry of Finance, and the Treasury conducted tests of specific operations with the digital ruble within the budgetary process at the end of 2024, as reported by RBC. Details remain undisclosed, but the Ministry of Finance indicated that the parties are exploring this application of CBDC. However, the ministry emphasized […]

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ForkLog 32 27.01.2025

Russia’s ‘Grey’ Miners Cause Annual Losses of 10 Billion Rubles

Russian illegal miners steal electricity worth billions of rubles annually. MTS combats underground farms through a special energy consumption analysis system. The Ministry of Energy considers it prudent to ban cryptocurrency mining in certain regions until additional generating capacities are established. Billions in Losses The total damage from electricity theft for cryptocurrency mining in Russia […]

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ForkLog 81 22.01.2025

Russian Innovator Develops Crypto Boiler Using Antminer Devices

A forum user on “Habr” known as teamtimteam integrated a bitcoin miner into a home heating system, earning a net monthly income of 23,000 rubles. The project took a year to complete. Since 2023, the enthusiast, alongside an engineer colleague, studied hydrodynamics literature, consulted with plumbers, and created 3D models of the future installation. In […]

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ForkLog 77 21.01.2025

Hamster Kombat Partner Ordered to Pay 2.5 Million Rubles in Business Dispute

The Arbitration Court of St. Petersburg and Leningrad Region has ordered the alleged co-founder of the Telegram clicker Hamster Kombat, Eduard Gurinovich, to pay 2.5 million rubles following a lawsuit by a Tyumen entrepreneur. The case was reviewed by the first instance in December 2024. According to the ruling, in April 2023, the plaintiff, Viktor […]

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ForkLog 22 17.01.2025

Irkutsk courts confirm 650 million rubles in damages from crypto mining

Over the past five years, Irkutskenergosbyt won 1,348 court cases against miners who illegally used electricity, for a total of nearly 650 million rubles. The rulings have taken effect and the defendants were ordered to pay damages. 104 claims were paid before judgments were handed down. In all, the utility filed 2,113 lawsuits against “grey” […]

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ForkLog 47 15.01.2025

Bitmama faces up to 10 years in prison

Law-enforcement authorities have charged Valeria Fedyakina, known as Bitmama, with fraud in a case involving the theft of cryptocurrencies and fiat totaling at least 2.2bn rubles, TASS reported. Investigators say she solicited investments in digital assets, promising high returns, after which the funds disappeared. In one episode, losses amounted to about 800m rubles. A court […]

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ForkLog 15 14.01.2025

Russia opens case over illicit crypto exchange via Rapidpay

Officers of Russia’s Interior Ministry detained four people accused of organising the illegal movement of funds via the Rapidpay payment system, the ministry’s spokeswoman Irina Volk said. According to investigators, the illegal service catered to cryptocurrency exchange outlets, betting shops, online casinos and fraudulent call centres. To keep payments anonymous, Rapidpay’s creators used e-wallets and […]

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ForkLog 25 14.01.2025

Makhachkala unplugs 408-device bitcoin farm

Dagestan’s power utility uncovered a large cryptocurrency-mining farm in Makhachkala that was illegally connected to the grid, according to acting director of Dagenergo, Arsen Gadzhiev. He said the facility hosted 408 ASIC miners. The amount of stolen electricity exceeded 27m kWh. Damages were estimated at more than 180m rubles. Case materials have been handed over […]

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ForkLog 52 09.01.2025

Russia to seize record bitcoin bribe of 1bn rubles for state coffers

As part of enforcement proceedings, bailiffs have begun transferring 1,032.1 BTC—valued at more than 1bn rubles at the time of the offence—seized from convicted former investigator Marat Tambiev in a record-bribe case to the state, TASS reported. The funds will be moved from a Ledger Nano X hardware wallet to a government account. At the […]

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