According to a 28 May 2025 filing by the Bank of Russia, financial institutions can offer “qualified investors” financial derivatives, securities, and digital financial assets whose yields are linked to cryptocurrency prices. Notably, this is a three-year-long experiment. In a press release, the Bank of Russia said that the key condition is that such instruments … Read more
Russia is thinking of using the confiscated cryptocurrency in criminal proceedings “for the benefit of the state.” The country may move forward with plans to establish a government cryptocurrency fund using assets confiscated from criminal proceedings. On 20 March 2025, Evgeny Masharov, a member of the Russian Federation’s Public Chamber Commission for public examination of … Read more
As Western sanctions tighten, Russia and Iran are finding creative ways to keep their oil-driven economies afloat using crypto. Russia, with its $192 billion annual oil trade, and Iran, once a major oil exporter, are leveraging digital currencies like Bitcoin to bypass financial restrictions, reshaping global trade under pressure. Russia is increasingly tapping crypto like … Read more
The Russian Finance Ministry revealed that it is not currently planning to include cryptocurrencies in the strategic reserve due to volatility concerns. However, Deputy Finance Minister Vladimir Kolychev suggested that this stance could change once the fund’s liquid assets reach a level equivalent to 7-10% of Russia’s gross domestic product (GDP). “However, for now, the … Read more