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The legislation provides legal clarity and incentives, exempting certain crypto activities from VAT to boost Russia's digital economy.

Iran's digital rial will leverage Shetab network for rapid transactions, boosting the nation's modern banking status within the region.

Crypto tax bill equates digital currencies to property, imposing new financial obligations on miners and traders.

Russian President Vladimir Putin proposed establishing a BRICS digital asset platform to boost investment opportunities in emerging economies.

Russia aims to reduce power grid stress by curbing large-scale mining in energy-deficient areas.

Weakening global markets bolster Bitcoin's role as a decentralized inflation hedge.

TON registered significant year-to-date growth in various on-chain activity metrics, together with a soaring TVL.

Chainalysis warned that Russia could leverage local exchanges like Garantex for tax evasion efforts.

Russia continues its moves toward crypto amid the biting economic sanctions.

Nabiullina said the digital rouble's advantages, such as free transfers for individuals and lower transaction fees for businesses, will drive its adoption.

The proposed use of Bitcoin and crypto aims to address the impact of sanctions and logistical challenges on conventional trade channels.

The bill, which was first introduced a few years ago, is expected to take effect on Sept. 1,  pending final approval from the federation.

Russian president Vladimir Putin's warning come amid the country's plans to regulate the mining sector.

A government draft response outlines the possibility alongside related issues.

Russia is considering regulating the entire transaction chain, from transferring these assets into the country to accumulating and utilizing them for cross-border payments.

Countering the efficiency narrative, Buterin and Smith examine blockchain's potential to enhance democratic resilience through secure, anonymous communication and verifiable voting.

Aksakov also revealed that Russia could start using the digital ruble for international transactions as soon as the second half of 2025.

The urgency conveyed in the letter reflects a growing consensus among U.S. leaders that the regulatory framework surrounding cryptocurrencies needs strengthening to address the sophisticated methods rogue nations employ to evade sanctions.