Russia | ForkLog

ForkLog 13 13.02.2025

Russia to Introduce Bitcoin-ETF Linked Structured Bond

Investment company Finam will offer qualified investors a six-month structured bond with the underlying asset being BlackRock’s Bitcoin-ETF, according to Vedomosti, citing a company representative. Finam’s bond will be denominated in rubles, with returns calculated in dollar terms based on the Central Bank’s exchange rate. The minimum investment amount is 200,000 rubles, with a brokerage […]

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ForkLog 18 13.02.2025

Illegal Bitcoin Farm with 2 MW Capacity Shut Down Near Irkutsk

Employees of the Irkutsk Electric Grid Company, in collaboration with law enforcement, discovered an illegal mining farm with over 130 installations in the workers’ settlement of Markova, according to SIA. A local resident set up containers and cabins with equipment on four plots of land. She illegally connected to an overhead power line and ran […]

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ForkLog 7 12.02.2025

In 2024, 77% of Russian Pyramids Accepted Cryptocurrency Contributions

Throughout 2024, the Central Bank of Russia identified 5510 entities with characteristics of financial pyramids, 77% of which accepted contributions in cryptocurrencies (in 2023, this figure was 50%). According to the regulator, pseudo-investment offers “with guaranteed income” are also spreading offline. Nearly 20% of projects with signs of financial pyramids had more than two online […]

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ForkLog 13 12.02.2025

Russian Provider Zservers Sanctioned for Aiding LockBit

The United States, Australia, and the United Kingdom have imposed sanctions on the Russian secure hosting provider Zservers for offering services to the LockBit ransomware group. ? SANCTIONED: Russian cyber entity ZSERVERS, the launchpad for crippling ransomware attacks, and their UK front, XHOST Internet Solutions LP. The UK is cracking down on the Russian cybercrime […]

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ForkLog 6 11.02.2025

Bank of Russia Identified as Initiator of BestChange Block

The Bank of Russia has been identified as the initiator behind the blocking of the cryptocurrency exchange aggregator BestChange, according to comments made by the service’s lawyers to ForkLog. They speculate that the restrictions may have been imposed due to legal requirements concerning mining, particularly those preventing the advertisement of digital currencies to the general […]

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ForkLog 11 10.02.2025

BestChange Cryptocurrency Aggregator Blocked in Russia

Roskomnadzor has restricted access to the website of the cryptocurrency exchange aggregator BestChange.ru within Russia. The service team reported this development. According to them, the aggregator continues to operate. Users have access to an official mirror and extensions for popular browsers. “The extension provides access to the main monitoring tools: it makes it easy to […]

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ForkLog 19 06.02.2025

Sberbank Plans Joint AI Research with China

Sberbank intends to collaborate with Chinese researchers on joint AI projects. This was reported to Reuters by the first deputy chairman of the board, Alexander Vedyakhin. “Sberbank has many scientists. Through them, we plan to conduct joint scientific projects with researchers from China,” he stated. The top manager did not specify with whom the bank […]

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ForkLog 43 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 20 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 13 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 16 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 15 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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