Russian state-owned conglomerate Rostec has announced plans to launch a stablecoin pegged to the ruble called RUBx, and a payment platform named RT-Pay. The release comes amidst increasing efforts in Russia to implement blockchain technology in state-approved financial services and ongoing pilot projects to issue a central bank-issued digital ruble. RUBx will run on the […]
Russian Sanctions
Stolen Crypto Transfers Through Forbidden Russian Based Exchange
Cryptocurrency on move; the $35 million Atomic Wallet hack’s illicit proceeds are once again in circulation, with sanctioned Russian-based exchange Garantex being the most recent recipient. Elliptic, a blockchain security and compliance company, provided an update on the situation involving the monies stolen from Atomic Wallet on June 13. It claims that the sanctioned Russian-based […]
Latest Russian Sanctions Round by the US Goes for Bitcoin Mining Company
The US Treasury Department stated on Wednesday that it had broadened its list of sanctions to include firms and persons who are suspected of assisting Russia in evading the impact of economic sanctions placed on the country. Treasury sources said the agency is now focusing on Russian commercial bank Transkapitalbank and a network of more […]