Russia's largest private bank, Alfa-Bank, has begun testing cryptocurrency trading services for qualified investors, signaling a major step in digital asset integration.
Russia's largest bank, **Sberbank**, is set to launch a **crypto wallet service** integrated into its **Sberbank Online** and **SberInvestments** platforms, pending a new bill's September enactment.
Japan's SBI Crypto has ceased operations of its 12th largest Bitcoin mining pool while Russia pushes ahead with its digital ruble despite EU sanctions.
Russia's central bank governor confirms the digital ruble will launch on September 1, despite EU's preemptive sanctions from 2025.
The European Union is reportedly moving to broaden its sanctions against Russia by proposing a ban on transactions involving 11 cryptocurrency platforms.
A British teenager has been sanctioned by Russia, allegedly for his research into the nation's use of cryptocurrency to bypass international restrictions.
Russia has sanctioned a British teenager following claims that the A7A5 stablecoin, designed to bypass sanctions, was used to fund the Ukraine war.
Despite Western sanctions, the Russian ruble-backed stablecoin A7A5 has processed over $110 billion in transactions, CertiK reports.