Russia cracks down on unauthorized crypto mining, India promotes CBDCs, and China expands its digital yuan initiative, allowing banks to offer interest on e-CNY wallets.
Russia’s biggest bank, Sberbank, issues the country’s first crypto-backed loan to a Bitcoin mining company, Intelion Data, marking a significant step in the integration of digital coins into traditional banking.
Russia is proposing up to two years of forced labor for unregistered Bitcoin miners, aiming to regulate the industry and address environmental concerns.
Russia proposes prison time and hefty fines for unregistered crypto mining operations to combat power theft and tax evasion.
Russia’s justice ministry proposes new penalties for unregistered crypto miners, including fines and potential prison time, in a bid to regulate the industry and ensure tax compliance.
Sberbank issues Russia’s first crypto-backed loan to a major bitcoin miner, marking a significant step towards the adoption of cryptocurrencies in the country’s financial sector.
Russia’s largest bank, Sberbank, is considering launching crypto-collateral lending services as the country prepares for its July 2026 regulatory framework governing the $376.3 billion crypto market.
Russia and the US discuss Bitcoin mining at Zaporizhzhia Nuclear Power Plant, sparking controversy and potentially marking the beginning of a new era of cooperation.
Russia’s central bank is preparing to allow retail and qualified investors to trade cryptocurrencies, marking a significant step towards crypto adoption in the country.
Bank of Russia plans strict crypto regulations by 2026, introducing retail investor caps and penalties for illegal intermediaries. Learn how this impacts Russia’s crypto market.
###