Places Russia

The EU says its sanctions will potentially weaken Russia's industrial capacity to continue its war in Ukraine.

The authorities blacklisted Okx.com's IP address on October 4.

Binance launches Global Advisory Board to support responsible regulation of crypto, Russia's regulators agree to allow crypto use in international payments and much more in this edition of CryptoSlate Wrapped Daily.

Russia apex bank and its finance ministry had previously held opposing views on the use of crypto.

The U.S. wants to understand how crypto is impacting sanctions enforcement and take strong measures to prevent evasion.

Prime minister Mikhail Mishustin noted that the country's financial system would have to adjust because of the economic sanctions imposed by western authorities.

Russia is developing a digital platform that will allow it settle cross-border transactions with more friendly countries using commodity-backed stablecoins.

Russia has faced increased scrutiny and sanctions from western countries over its Ukraine invasion, forcing a rethink of its stance towards crypto.

Hacktivist group Belarusian Cyber Partisans listed NFTs of Belarusian President Lukashenko passport information for sale on OpenSea only for the collection to be promptly delisted.

The Security Service of Ukraine said it has arrested an individual who was raising funds via crypto to support Russian forces.

The legislation comes after the central bank finally showed signs of support for crypto payments over the last few months.

The Russian government agencies disagree on the viability of stablecoins, but perhaps a compromise can be reached in developing a ruble-backed stablecoin.

Russia approved a draft bill to exempt cryptocurrency issuers from VAT as part of its ongoing pro-crypto legislation.

While the Russian government is looking to adopt crypto for international payments, the Central Bank and Finance Ministry are yet to reach a consensus on crypto regulation.

Russian government agencies are yet to agree on whether crypto should be regulated or banned.

Coinbase has asked select users to provide documents that prove they are not subject to EU sanctions before May 30.

A Reuters report stated that Russia requested for information concerning the country’s opposition leader from Binance.

Binance's latest restrictions target Russian citizens and entities that hold over $10,885 in their crypto wallets.