Stories from Moscow · Russia

Russian lawmakers are considering a bill to legalize and strengthen control over cryptocurrency operations. The Central Bank chair did not support the use of cryptocurrency as a payment method in Russia.

A Senate committee is scheduled to vote on a framework for cryptocurrency regulation. The proposed framework aims to align crypto market regulation with the taxation logic applied to stocks and securities.

Feminist activist Daria Serenko has been added to Russia's registry of 'terrorists and extremists' by Rosfinmonitoring.

Russia's oil and gas sector is facing financial strain, with budget deficits approaching 6 trillion rubles. Hundreds of oil wells are reportedly being closed as a result of these economic pressures. The US federal budget deficit is projected to reach $2 trillion this fiscal year, exceeding 6% of GDP. This increase is attributed to rising spending on mandatory programs and interest on debt, coupled with reduced revenue.

Russian inflation expectations among the population increased to 13.0% in May, up from 12.9% in April.

A Russian government commission has approved a draft bill to regulate digital currency transactions. The Central Bank chair, Elvira Nabiullina, did not support the introduction of cryptocurrency as a payment method.

European nations are increasing their purchases of Liquefied Natural Gas (LNG) from the Yamal facility in anticipation of a potential ban on Russian gas. This strategic move aims to secure energy supplies amidst geopolitical tensions.

Support for Russian President Vladimir Putin has reached its lowest point since the full-scale war began.

The Russian government has approved draft bills for the regulation of cryptocurrencies. The legislation aims to capture positive trends in the crypto market to help investors achieve profit growth. ZyAlpha has launched an AI cryptocurrency quantitative trading system as part of this trend. The proposal aims to legalize operations with cryptocurrency while strengthening control over the sector. A ban on cryptocurrency kiosks may be headed to Minnesota. Separately, the Criminal Assets Bureau and Europol seized €30 million in cryptocurrency. A Chicago cryptocurrency company founder was indicted in a $10 million money laundering conspiracy. The State Duma has introduced legislation to govern cryptocurrency transactions, with illegal circulation of crypto set to become a criminal offense.

Russian Central Bank Governor Elvira Nabiullina proposed expanding liability for cryptocurrency operations.