Russia | ForkLog

ForkLog 46 25.12.2024

Russia to Monitor Cryptocurrency Exchanges via Drop Accounts

The Bank of Russia, in collaboration with Rosfinmonitoring, is developing a platform to monitor suspicious transactions by individuals and facilitate the exchange of this information among credit institutions. This was revealed to RBC by Bogdan Shablya, head of the Central Bank’s Financial Monitoring and Currency Control Service. The initiative aims to combat the use of […]

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ForkLog 79 24.12.2024

Russian Authorities Arrest S-Group Founders Over $100 Million Fraud

Russian police have dismantled the operations of Sincere Systems Group LTD (S-Group), suspected of defrauding clients of over $100 million under the guise of investments. This was reported by the Ministry of Internal Affairs of Russia. According to case materials, S-Group, established by Ukrainian citizens, has been operating in Russia since 2020, with branches in […]

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ForkLog 38 24.12.2024

Russia Imposes Mining Ban in Several Regions

The Russian government has approved a list of regions and territories where cryptocurrency mining and participation in mining pools will be prohibited from January 1, 2025, to March 15, 2031, as reported by TASS. The restrictions specifically affect Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, and Chechnya. Additionally, in certain areas of the Irkutsk region, Buryatia, […]

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ForkLog 22 18.12.2024

Russia Conducts First Cross-Border Transactions with Digital Financial Assets and Plans QR Code for CBDC

In 2024, Russia conducted its first cross-border transactions with digital financial assets (DFAs), engaging in operations with Belarus. This was reported to Izvestia by Anatoly Aksakov, head of the State Duma Committee on Financial Markets. According to him, the DFA market is expected to experience a breakthrough next year, particularly in the realm of international […]

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ForkLog 35 17.12.2024

Russia Develops AI Tool to Curb Emotional Trading

Russian developer Seamless has introduced an AI tool designed to prevent traders from making decisions during emotional upheavals, according to «RIA Novosti». The “Neurotrader” monitors the emotional state and stress levels of users during trading, prohibiting the opening of new positions at critical moments. Built on Neiry technologies, the solution enables effective risk management in […]

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ForkLog 28 16.12.2024

Moscow Exchange to Broaden Access to Digital Financial Assets by 2025

The Moscow Exchange’s marketplace, Finuslugi, will offer broad access to the purchase of digital financial assets (DFA) in the first half of 2025, as reported by TASS. According to Igor Alutin, Senior Managing Director of the Moscow Exchange for Retail Business and Electronic Platform Development, the initial DFA issuances have successfully undergone testing, and the […]

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ForkLog 11 16.12.2024

Over 10 Million Russian AI Users at Risk

More than 10 million Russians are at risk of exposing confidential data due to the use of counterfeit neural networks. This statement was made by Sergey Ponomarenko, Director of LLM Products at MTS AI, in a conversation with «RIA Novosti». According to him, fraudsters exploit the difficulty of accessing popular AI models like ChatGPT, Dall-E, […]

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ForkLog 68 11.12.2024

T-Bank Releases 32 Billion Parameter LLM to the Public

T-Bank has made two large language models (LLM), T-Pro and an updated version of T-Lite, publicly accessible. This was reported by Vedomosti, citing a bank representative. The professional version of the neural network boasts 32 billion parameters, while T-Lite has 7 billion. The latter was introduced in July 2024. The number of parameters indicates a […]

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ForkLog 37 09.12.2024

Russian Finance Ministry Urged to Establish Bitcoin Reserve

Anton Tkachev, a State Duma deputy from the New People faction, has approached Russian Finance Minister Anton Siluanov with a proposal to establish a strategic bitcoin reserve, according to a document cited by TASS. Tkachev argues that traditional currency reserves, including yuan, US dollars, and euros, are subject to volatility, sanctions, and inflation, posing a […]

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ForkLog 28 09.12.2024

Assets Seized from Former Investigator Accused in WEX Bribery Case

Assets valued at over 2.1 billion rubles have been seized in the investigation of a cryptocurrency bribery case involving former head of the BST of the Russian Ministry of Internal Affairs, Georgy Satyukov. This was reported by RIA Novosti. According to the investigation, Satyukov and his subordinate Dmitry Sokolov offered protection services to Alexey Bilyuchenko […]

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ForkLog 16 09.12.2024

Russia Proposes Framework for Seizing Cryptocurrencies

The Investigative Committee of Russia has drafted a bill outlining the procedures for the seizure, confiscation, and arrest of digital currencies. This was announced by the head of the agency, Alexander Bastrykin, in an interview with RIA Novosti. The document proposes amendments to criminal and criminal procedural legislation. For these purposes, cryptocurrencies are recognized as […]

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ForkLog 33 05.12.2024

UK Cracks Down on Russian Cryptocurrency Laundering Network

The NCA, with the aid of international partners, has dismantled extensive Russian money laundering networks using cryptocurrencies, linked to drug and arms trafficking, ransomware, and espionage activities. Operation Destabilise: NCA disrupts $ multi-billion Russian money laundering networks with links to, drugs, ransomware and espionage, resulting in 84 arrests. Read the full story ➡️ https://t.co/24qU98Ld4e pic.twitter.com/ZjPmXuFvuZ […]

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