Russia is taking the lead in developing a common financial infrastructure for the BRICS intergovernmental organization. Russia's initiatives feature distributed ledger technology.

The new law prohibits citizens from buying and selling crypto with fiat on foreign exchanges. By directing the flows through local exchanges, the government aims to increase its control over crypto transactions. At Observers, we imagine Russia could follow the same path.

Russia's recent crypto laws favored mining and cross-border payments with crypto. The new regulations were allegedly approved mainly due to the changing global landscape and Western sanctions.

ECB President Christine Lagarde casts doubt on a digital euro by 2027 — as China silently removes the 'pilot version' markings from its e-CNY application

A new bill prohibiting the organization of the circulation of cryptocurrencies in Russia might pass already this Summer.

Russian users are seeking solutions to access the crypto markets. Global crypto exchanges are mainly prevented from providing their services in the country.

As relations between the Russia and North Korean governments continue to cosy up, a Chainalysis investigation has found that since 2021, Russian crypto exchanges have been laundering stolen crypto used to fund the DPRK nuclear arms program.

In addition to its other compliance-based troubles, Binance is also under investigation in connection with possible violations of the U.S. sanctions on Russia. Local observers report on interesting ways the exchange circumvents the restrictions.