MineSpot, a company previously unknown in the crypto mining industry, is opening a 160-megawatt mining venue in Siberia.
The Bank of Russia might launch its own CBDC, a digital ruble, after piloting the project at the end of next year, its chairwoman said.
Russia's central bank says a digital ruble could make Russia less dependent on the U.S. dollar and more resistant to foreign sanctions.
U.S. investors can invest in tokens representing rare metals as Russian mining giant Nornickel expands its tokenization firm.
The Arctic mining farm will host ASICs for customers, who will be charged for their electricity consumption.
Non-qualified investors would be able to buy no more than 600,000 rubles worth of digital assets in one year, or about $7,740.
The Bank of Russia proposed a potential CBDC project Tuesday, but wants public comments before proceeding.
The Russian central bank said it's starting public consultations on the possibilities of issuing a CBDC.
Roskomnadzor blacklisted Binance in June, but apparently only made the cryptocurrency exchange aware of its decision today.
The Ministry of Finance is seeking amendments to the law that would force cryptocurrency users to report wallet balances and large transactions to the tax authorities.
The alleged hackers also manipulated NEO's Gas market with a $5 million crypto infusion.
A significant amount of cryptocurrency activities in the Eastern Europe is related to the dark market and ransomware, according to a Chainalysis report.
Ukraine, Russia and Venezuela are the top three countries by crypto adoption in the world, according to Chainalysis.
Russia's Ministry of Finance wants to ban any cryptocurrency payments, which could be bad news for the country's mining farms.
The solution will be used for remote voting during by-elections for seats in the national parliament on Sept. 13 in two regions.