Russia’s cryptocurrency market is experiencing a rapid acceleration, with total digital asset holdings among its citizens and institutions surging past the 2 trillion ruble mark, equivalent to over $25.4 billion. This significant growth, reported by GIS Mining CEO Vasily Girya at the St. Petersburg International Economic Forum (SPIEF-2025), reflects a powerful wave of institutional confidence…
Global Cybercrime Network Disrupted as DOJ Moves to Return Funds to Victims In a major international law enforcement operation, the U.S. Department of Justice (DOJ) has seized over $24 million in cryptocurrency linked to Rustam Rafailevich Gallyamov, a Russian national alleged to be a key architect behind the Qakbot malware network. The DOJ announced the civil forfeiture complaint on May 22, intensifying its…
Cryptocurrency holders in Russia now face a new hurdle when contesting their blockchain property rights in courts. Per a recent understanding of federal legislation, citizens must first register their digital assets with the Federal Tax Service (FTS) for their claims to be adjudicated in court. It is claimed that without this declaration, courts are barring…
Mosca, a cryptocurrency exchange in Moscow that enabled cash payments of up to 100,000 USDT on a daily basis, was recently raided by the police. This came at the same time as the Russian government was contemplating the banning of cash-to-cryptocurrency conversions. While Mosca stated that they could neither confirm nor deny a link to…
Russia to Launch Crypto Exchange, Geared Towards Elite Investors Russia is about to create a state-owned cryptocurrency exchange that will exclusively serve “super-qualified investors.” This plan, which was made public by the Minister of Finance, Anton Siluanov, mirrors Russia’s gradual effort to legalize controlled crypto transactions bound to territorial restrictions, geopolitically. A State-Run Platform: Bringing…
Australian Fighter and College Teacher Charged as Mercenary While Captured Fighting in Russia A 33-year-old teacher named Oscar Jenkins is facing formal charges from Russian authorities on a five-year imprisonment sentence for war crimes after being captured while engaged in fighting for the republican side of the war in the Ukraine-Russia conflict. Counterstrike Broncos Balasik.…
Russia Targets Crypto in Illegal Online Gambling Moscow’s increasing focus on cryptocurrency as a payment method on illegal online gambling websites could be attributed to the perceived risks associated with such activities, especially concerning the accessibility of these platforms to underage individuals. The newest initiatives seek to prevent payment-related transactions in cryptocurrency for the online…
A report by The New York Times has received plenty of pushback after it claimed that an Indian aerospace and defense company, Hindustan Aeronautics Limited (HAL), allegedly dealt sensitive technology to a Russian agency on a weapons supply blacklist. However, sources have quickly come out to counter these allegations, calling them “factually incorrect and misleading”…
