Russia | ForkLog

ForkLog 16 07.03.2025

US Justice Department Reports on Garantex Domain Seizure

The US Department of Justice confirmed the seizure of Garantex domains and the freezing of $26 million in the cryptocurrency exchange’s wallets. According to the press release, the trading platform facilitated money laundering by transnational criminal organizations, including terrorist groups, and violated international sanctions. Since 2019, the exchange’s digital asset turnover has amounted to at […]

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ForkLog 22 07.03.2025

Expert Analyzes Impact of Garantex Wallet Blockade

The situation surrounding the blockade of wallets of the Russian exchange Garantex by Tether is multifaceted, involving international sanctions and anti-money laundering efforts. This was explained to ForkLog by Fyodor Ivanov, Director of Analytics at Shard. Ivanov noted that American regulators accused Garantex of laundering money for the darknet marketplace Hydra and hacker groups back […]

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ForkLog 27 07.03.2025

Russian Cryptocurrency Reserve Not Yet on the Agenda, Says Deputy Gorelkin

The establishment of a strategic cryptocurrency reserve (SBR) in Russia is “not yet being discussed” at the state level, according to Deputy Anton Gorelkin. He reported this. The statement comes amid the creation of an SBR in the United States, which involves the storage of confiscated digital assets. “There is no talk yet of purchasing […]

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ForkLog 49 06.03.2025

Russian Official Labels Cryptocurrencies as ‘Sanctions Evasion Tool’

Sanctions will not entirely block Russians’ access to the cryptocurrency market, stated Deputy Anton Gorelkin. He made these remarks in response to the blocking of wallets of the Russian exchange Garantex by Tether. The latter added 89 addresses to its sanctions list. According to Gorelkin, digital assets will continue to be used as a tool […]

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ForkLog 84 06.03.2025

Garantex Halts Operations Following USDT Wallet Freeze

Tether has frozen the wallets of the Russian exchange Garantex, amounting to over 2.5 billion rubles. The platform has temporarily ceased operations and is seeking a resolution to the issue. According to the Garantex team, all USDT in Russian wallets could be at risk. 6 March 2025 | 14:30Update: Plasma founder Ilya Maksimenko suggested that […]

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ForkLog 16 03.03.2025

250 Bitcoin Miners Shut Down in Irkutsk Region

An illegal mining farm with 250 devices was discovered in Shelekhov, Irkutsk region, according to a report by the city prosecutor’s office. The equipment was located in a non-residential building and belonged to an individual not listed in the registry of citizens engaged in cryptocurrency mining. Moreover, Shelekhov district is among the areas where digital […]

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ForkLog 18 03.03.2025

Digital Financial Assets to be Integrated into General Tax Base

The Ministry of Finance and the Bank of Russia have endorsed the proposal to incorporate income and expenses from digital financial assets (DFA) into the general tax base. This was reported by Kommersant, citing a statement from Deputy Finance Minister Alexei Sazanov. Currently, transactions involving all DFAs are accounted for separately, making them less advantageous […]

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ForkLog 22 27.02.2025

Delay in Launch of Digital Ruble in Russia

The planned July 1 mass launch of the digital ruble has been postponed at the request of participants in the pilot project. This was reported by Interfax, citing a statement from the head of the Central Bank, Elvira Nabiullina. According to her, 15 banks and about 30 companies risk missing the deadline for launching operations. […]

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ForkLog 27 25.02.2025

Russia Initiates Crackdown on ‘Dropovods’ and Crypto Exchanges

The Russian Ministry of Internal Affairs is conducting a nationwide operation to gather information on cryptocurrency transactions and establish a new registry. The list will include ‘drops, dropovods, arbitrageurs, crypto exchanges, and P2P,’ according to the Telegram channel Cartesius channel.

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ForkLog 25 24.02.2025

EU Sanctions Target Russian Crypto Exchange Garantex

The European Union has included the Russian cryptocurrency exchange Garantex in its 16th package of sanctions against Russia for aiding in the circumvention of restrictions. “For the first time, the European Council has decided to impose sanctions on the cryptocurrency exchange Garantex, based in Russia, which is closely linked to Russian banks under EU sanctions,” […]

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ForkLog 87 21.02.2025

Russia’s Mining Farms Surpass 11 GW in Capacity

The number of mining farms in Russia grew by 7% in 2024, reaching 136,600. At the beginning of 2025, their combined capacity exceeded 11 GW, reports Kommersant, citing an assessment by MTS EnergyTool. Russians are most actively mining Bitcoin, which accounts for 90% of the capacity, along with Litecoin, Kaspa, EthereumPoW, and Monero. The EnergyTool […]

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ForkLog 20 21.02.2025

Bitpapa Lists CryptoRuble for Trading

The P2P marketplace Bitpapa has commenced trading of the CryptoRuble (RUBT). This was announced by Exved CEO Sergey Mendeleev on his Telegram channel. According to him, the platform did not need to enter into any agreements with the coin’s developers to do so. “Any service can integrate the CryptoRuble without asking anyone, gaining instant access […]

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