Total Crypto Ban In Russia Imminent: Lawmakers Confirm Enforcement In 5 Months | Bitcoinist.com

Russian lawmakers have announced their intention to introduce restrictions on the circulation of crypto assets, which could be implemented as early as September 1.

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Russian Crypto Firms Face Sanctions By US Treasury

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a new round of sanctions on crypto-related companies linked to Russia. The measure is part of the US government’s efforts to combat OFAC-designated entities from evading sanctions through virtual asset services.

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Russian Central Bank Identifies Crypto Link In “Almost All” Financial Scams Detected In 2023 | Bitcoinist.com

The Bank of Russia, in its latest report, revealed a concerning rise in financial scams with crypto-related elements in 2023. The number of entities involved in illegal activities, including financial pyramids, allegedly increased by 15.

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