Russia | ForkLog

ForkLog 23 08.04.2025

Russia Enforces Complete Ban on Cryptocurrency Mining in Southern Irkutsk Region

On April 7th, the Russian government signed a decree imposing a complete ban on cryptocurrency mining in the southern part of the Irkutsk region. This ban will remain in effect until March 15, 2031. The region’s governor, Igor Kobzev, clarified on his Telegram channel that the restrictions apply to 21 districts, the city of Irkutsk, […]

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ForkLog 16 07.04.2025

Russians Triple Their Investments in Cryptocurrencies

Residents of Russia have tripled their investments in cryptocurrencies over the past three years, according to Rossiyskaya Gazeta, citing data from the central bank. In 2022, the median investment in digital assets per household was 18,000 rubles, which increased to 45,000 rubles in 2024. The average investment in cryptocurrencies over three years decreased from 245,000 […]

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ForkLog 64 07.04.2025

Who is behind BestChange? The developer on anonymity, government requests and top assets

For all of BestChange’s 18-year history, the creator of the crypto-exchanger monitor stayed out of the limelight. This is the first public interview with Denis Malkov. In a conversation with ForkLog, the developer spoke about a cyberattack on his first exchange and competition with other aggregators. We asked which coins are most popular with BestChange […]

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ForkLog 11 03.04.2025

Russia Considers Confiscating Bitcoin for State Revenue

The Federal Bailiff Service of Russia (FSSP) is developing a mechanism for confiscating bitcoins to transfer them to state revenue. This was announced by the head of the department, Dmitry Aristov. He emphasized that the methodology for seizing cryptocurrencies is being developed based on a real criminal case, and digital gold is considered a “problematic […]

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ForkLog 14 01.04.2025

Counterfeit Smartphones with Cryptocurrency-Stealing Malware Emerge in Unofficial Stores

Kaspersky Lab has issued a warning about counterfeit models of popular Android smartphones appearing in unofficial online stores. These devices are infected with a new version of the Triada trojan, posing a threat to user security. The company’s statement was reported by RBC. The malware is embedded in the device’s firmware, allowing it to control […]

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ForkLog 25 24.03.2025

Sberbank to Launch Pilot Project with Digital Financial Assets in 2025

Russia’s Sberbank plans to test mechanisms for the secondary market of digital financial assets (DFA) on its platform in the second quarter of 2025, according to a report by Interfax citing a statement from the bank. The pilot project will be trialed on the DFA of the infrastructure holding company “Natsproektstroy.” According to Sergey Popov, […]

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ForkLog 35 24.03.2025

Mining Ban in Russia Reduces Energy Consumption by 300 MW

Restrictions on cryptocurrency mining in several Russian regions have led to an average reduction in energy consumption of 300 MW. This was reported by Kommersant, citing data from the Ministry of Energy. The largest reduction—320 MW—occurred in Siberian regions: parts of the Irkutsk region, Buryatia, and the Trans-Baikal Territory. According to ministry representatives, the mining […]

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ForkLog 16 21.03.2025

Bank of Russia Proposes Restrictions on Cryptocurrency Transactions Outside Experimental Legal Regimes

The Bank of Russia has proposed banning the use of cryptocurrencies for transactions between residents outside experimental legal regimes (ELR). This was reported by RBC, citing a statement from the head of the regulator, Elvira Nabiullina. The central bank believes that digital assets should not be used as a means of payment. They suggested introducing […]

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ForkLog 16 21.03.2025

Illegal Mining Operations Halted in Karachay-Cherkessia with Seizure of 247 Rigs

In the Karachay-Cherkess Republic, law enforcement officials have shut down three illegal cryptocurrency mining operations. One of these operations caused damage amounting to 4.17 million rubles, according to a press release. The perpetrator rented a non-residential building on the outskirts of a village and installed 186 miners that operated around the clock. Modifications to the […]

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ForkLog 38 20.03.2025

Bitcoin Mining Farm Destroyed in Irkutsk Region Fire

A single-story residential house in the village of Baklashi, Irkutsk region, was destroyed by fire. The house contained a cryptocurrency mining farm, according to a report from the local Ministry of Emergency Situations (MChS). The incident occurred on the night of March 20. By the time rescuers arrived, the fire had engulfed the entire structure, […]

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ForkLog 25 20.03.2025

Garantex Operators Launch New Cryptocurrency Exchange

The shuttered Russian bitcoin exchange Garantex is transferring funds to a new platform named Grinex, according to analysts at Global Ledger. ‼️Compliance alert: #Garantex founders launch a new platform 1/ Following Garantex’s shutdown and #Tether freezing its wallets, the founders have launched Grinex. Here’s what we’ve uncovered ? pic.twitter.com/m28einnisn — Global Ledger (@GlobalLedger) March 19, […]

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ForkLog 11 19.03.2025

Russia Considers Law to Classify Cryptocurrencies as Property

The Russian government is reviewing a draft law to classify cryptocurrencies as property, aiming to address issues related to the seizure and confiscation of digital assets. This development was reported by RBC, citing a statement from Alexander Bastrykin, Chairman of the Investigative Committee. “Meticulous joint efforts have been made regarding the necessity of recognizing digital […]

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