Russia | ForkLog

ForkLog 41 08.10.2024

Former Investigator Sentenced to 16 Years for Record Bitcoin Bribe

Former investigator Marat Tambiev has been sentenced to 16 years in a penal colony for accepting a bribe exceeding 2718 BTC (7.3 billion rubles) and $1.5 million. This was reported by RBC. The ex-head of the investigative department of the Tverskoy district committee in Moscow will serve his term in a high-security facility. He is […]

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ForkLog 72 04.10.2024

Russian State Duma Committee Endorses AML Regulations for Digital Ruble

The State Duma’s Financial Market Committee has recommended the first reading approval of a bill to extend AML regulations to participants of the digital ruble platform, as reported by Izvestia. The initiative proposes a multi-tiered model for implementing anti-money laundering requirements. All platform users, except credit institutions, will be categorized by the Bank of Russia […]

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ForkLog 20 04.10.2024

Cryptex Exchange Defendants Placed Under House Arrest

The Zamoskvoretsky District Court of Moscow has imposed pre-trial restrictions on three individuals accused in the case involving the criminal network of the cryptocurrency exchange Cryptex and the anonymous payment system UAPS. At the request of the investigative authorities, the alleged mastermind of the scheme, Alexander Tereshchenko, along with two accomplices, Ruslan and Roman Orekhovsky, […]

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ForkLog 17 02.10.2024

Extensive Raids Uncover Illegal Bitcoin Exchanges in St. Petersburg

Officers from the Economic Crime Department of the St. Petersburg police are conducting searches at 80 locations linked to a network of illegal cryptocurrency exchanges. This was reported by 47news, citing sources. According to the publication, investigative actions in the city and region commenced at 6:00 AM on October 2, under the direction of Russian […]

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ForkLog 32 01.10.2024

Bank of Russia to Scrutinise Cross-Border Bitcoin Transfers by Citizens

The Bank of Russia has mandated 19 financial institutions to examine cross-border transfers by resident individuals related to cryptocurrency purchases. This is outlined in the regulator’s approved inspection programme for late 2024 to early 2025. The regulator aims to assess the volume of digital currency transactions, particularly stablecoins, conducted by Russians abroad. From October to […]

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ForkLog 33 30.09.2024

Survey Reveals 79% of Russians Have Never Used Cryptocurrencies and Do Not Intend To

A survey by the financial marketplace “Sravni” reveals that 94% of Russian residents have never used cryptocurrencies: of these, 79% do not plan to engage with this type of asset in the future, while only 15% expressed a desire to do so, reports TASS. The study involved 1,200 individuals over the age of 18 from […]

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ForkLog 23 30.09.2024

Russia to Introduce ‘Digital LLCs’ as DAO Concept

The Russian Ministry of Finance is set to develop a pilot project for creating digital limited liability companies (LLCs) with corporate agreements enforced through decentralized ledgers, akin to DAOs. This was reported by TASS, citing a statement from Alexey Yakovlev, director of the department of financial policy. Under the project, once an LLC is registered […]

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ForkLog 7 27.09.2024

Russian Tax Authority to Oversee Miners’ Registry

The Federal Tax Service of Russia (FTS) will be responsible for developing and maintaining a registry of cryptocurrency miners. This was announced by Deputy Anton Gorelkin on his Telegram channel. The establishment of the registry is a component of the legislative regulation of mining. Besides the tax authority, the Ministry of Digital Development, Communications and […]

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ForkLog 29 26.09.2024

US Sanctions Target Bitcoin Exchange PM2BTC and Cryptex Platform

On September 26, OFAC added the cryptocurrency exchange PM2BTC, the Cryptex platform, and their alleged administrator, Russian citizen Sergey Ivanov, to its sanctions list. According to the agency, both services are linked to money laundering activities involving ransomware operators and other cybercriminals. The FinCEN determined that nearly half of the transactions processed by PM2BTC were […]

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ForkLog 21 26.09.2024

Binance Continues Limited Service for Russian Users

A year after announcing a complete withdrawal from Russia, the cryptocurrency exchange Binance continues to serve a “limited number of existing Russian users.” This was reported by Cointelegraph, citing a statement from a representative of the trading platform. According to the representative, Binance “adheres to global sanctions regulations” and “fully complies with restrictions on individuals, […]

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ForkLog 110 24.09.2024

Underground Bitcoin Mining Operation Discovered in Dagestan

An underground cryptocurrency mining farm with 17 devices has been discovered in the Sergokalinsky district of Dagestan, according to the republic’s government press service. The ASIC miners and fans were located in a narrow shaft and were illegally connected to the power grid. The case materials have been handed over to law enforcement agencies. With […]

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ForkLog 17 24.09.2024

Russia Suspected of Using AI to Influence US Elections

Russia has generated more AI content to influence the US presidential elections than any other foreign nation, according to a US intelligence official, reports Reuters. The agency reports that Russia is using AI to support Republican candidate Donald Trump and to “discredit” Vice President Kamala Harris, including through conspiracy theories. Russia has a better understanding […]

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