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“# Russian ministry wants to legalize Bitcoin mining in specific areas ” While the Russian government continues to work out a regulatory regime for digital assets, a federal ministry has made another proposal regarding the crypto mining industry. Russia’s Ministry of Economic Development has greenlighted the concept of crypto mining regulation in the country, proposing…
“#US offers Ukraine $1 billion loan to support economy amid tensions with Russia” The United States has offered a sovereign loan guarantee to Ukraine of up to $1 billion to support the country’s economy as the Eastern European country prepares for a possible Russian invasion any day, the Department of State announced on Monday. The…
“#Kamila Valieva cleared to compete after appealing doping ban” Russian figure skater Kamila Valieva has been cleared to continue competing in the Beijing Winter Olympics following an appeal on the teen star’s interim ban after she failed a pre-Olympics doping test. The Monday morning decision by the Court of Arbitration for Sport allows the Russian…
“#Bloomberg accidentally reports that Russia invaded Ukraine” Bloomberg made a blunder. The financial news site accidentally reported that Russia had invaded Ukraine Friday afternoon with a headline on its homepage. “Live: Russia invades Ukraine,” read a jarring headline on Bloomberg’s homepage at around 4 p.m. It stayed up for about 30 minutes, according to Olga…
“# Russian central bank registers nation’s first digital asset manager ” The Bank of Russia has registered tokenization service Atomyze as the country’s first digital asset management company, the central bank officially announced Thursday. According to the announcement, the Bank of Russia has formally deemed the rules of the company’s information system and the platform’s…
“# Russian region struggles to keep up with Bitcoin mining energy demands ” As cryptocurrency mining activity grows increasingly common in Russia, one local region is struggling to maintain power stability amid massive inflows of new crypto mining operations. Russia’s Irkutsk Oblast, a federal region and Russia’s major center of trade routes from China, experienced…
“# Russia houses $200B worth of crypto, Kremlin estimates ” Russian citizens reportedly own 16.5 trillion rubles ($214 billion) worth of cryptocurrencies, according to government estimates. A Bloomberg report noted that Russians own about 12% of the total global crypto holdings. The crypto holdings estimates were calculated by analyzing IP addresses of some of the most…
“#Russia sends written response to US over Ukraine crisis proposal” Russia has sent a written response to the United States’ de-escalation proposal regarding the Ukraine crisis after the two countries publicly exchanged verbal blows in a heated U.N. Security Council debate, according to three officials with the Biden administration. The officials, who spoke to the…
“# Law Decoded: Russia flounders, America competes, IMF keeps fuming, Jan. 24–31 ” One of the most fascinating implications of the collision between traditional political institutions and the crypto space is how it can reveal the glaring lack of cohesion within power systems that otherwise look monolithic. Digital assets reside in a parallel policy dimension…
“#Senate may impose the ‘mother of all’ sanctions on Russia” The US ambassador to the United Nations said the Security Council would confront Russia over its military threat against Ukraine as two senators predicted a vote as soon as this week on the “mother of all sanctions” against the Kremlin. Linda Thomas-Greenfield, the US ambassador…