{{dayPoint.date | date : 'd MMMM yyyy'}}

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

Central Bank seeks ban on issuance, mining, circulation of cryptocurrencies in Russia

It is also proposed to establish liability for violating the legal ban on the use of cryptocurrencies as a means of payment for goods, works and services sold and bought by legal entities and individuals, that are residents of the Russian Federation

Bank of Russia HANK50/Shutterstock/FOTODOM

Bank of Russia

© HANK50/Shutterstock/FOTODOM

MOSCOW, January 20. /TASS/. The Bank of Russia has proposed to ban the issuance, mining and circulation of cryptocurrencies in Russia in order to alleviate the dangers caused by the proliferation of cryptocurrencies, the regulator said in a report on Thursday.

"The status of the Russian ruble, which is not a reserve currency, makes it impossible to apply a soft approach in Russia and ignore the growth of risks. In our opinion, additional measures are appropriate," the document says.

In particular, "in order to reduce the threats caused by the proliferation of cryptocurrencies," the Bank of Russia proposes introducing a number of changes to the legislation.

"[It is proposed to] introduce a ban on the issue and (or) organization of the issue, organization of circulation of crypto-currencies (including by crypto-exchanges, crypto-exchangers, P2P platforms) on the territory of the Russian Federation and establish liability for violating this ban," the regulator says in the report.

It is also proposed to establish liability for violating the legal ban on the use of cryptocurrencies as a means of payment for goods, works and services sold and bought by legal entities and individuals, that are residents of the Russian Federation.

"[It is proposed to] introduce a prohibition on investments by financial institutions in cryptocurrencies and related financial instruments, as well as on the use of Russian financial intermediaries and Russia’s financial infrastructure to carry out transactions with cryptocurrencies and establish liability for violating this ban," the Bank of Russia specified.

The regulator believes the prohibition on cryptocurrency mining in Russia would be the best solution.

In December 2021, Chairwoman of the Bank of Russia Elvira Nabiullina said that the Central Bank opposed the use of Russia’s financial infrastructure for cryptocurrency transactions. In June 2021, she named crypto assets as the most dangerous investment strategy.

Also, in December 2021, the regulator’s Deputy Chairman Vladimir Chistyukhin said that the Bank of Russia intends to legislate the rules for the circulation of cryptocurrencies. However, he noted that the regulator does not see a place for cryptocurrency in the Russian financial market.

Russia’s re-election to UNCITRAL confirms its global reputation — Foreign Ministry

Russia got the support of 129 countries in a November 20 vote in New York at the 40th plenary session of the UN General Assembly

US strategic forces ready for Biden-Trump transition — Pentagon

"The nuclear forces is ready on January 19, just like it will be ready on January, 20," Rear Admiral Thomas Buchanan said

Biden’s decision to use ATACMS against Russia may 'blow up in America’s face' — US expert

According to Daniel Davis authorizing US long-range weapons to be used against Russia is "foolhardy to the highest order," "especially because there is no military upside for doing so"

Ex-UK Labor party leader wants PM to clarify situation with Storm Shadow missiles

Jeremy Corbyn called for de-escalation of the situationin Ukraine and the search for a diplomatic solution to achieve peace

US makes mistake by destroying INF Treaty — Putin

The Russian leader stressed that the United States made a mistake by unilaterally destroying the Intermediate-Range Nuclear Forces Treaty in 2019 under a far-fetched pretext

Putin warns West that Russia can respond to any turn of events

"There will always be an answer," the president said

Russia always fulfilled its trade obligations, ready to cooperate with Germany — Putin

"It was underscored that Russia has always been committed to its treaty and contractual obligations in the energy sector and is ready for mutually beneficial cooperation if the German side shows interest in this," the statement says

Romanian presidential candidate vows to end military aid to Ukraine

It is pointed out that Simion’s popularity has propelled him to number two in the polls after Prime Minister Marcel Ciolacu

Russia’s re-election to UNCITRAL confirms its global reputation — Foreign Ministry

Russia got the support of 129 countries in a November 20 vote in New York at the 40th plenary session of the UN General Assembly

Russian forces push Ukrainian troops 10 km away from Lisichansk in LPR — expert

Russian troops have taken new lines and positions northwest of Zolotaryoka as a result of successful operations

Zelensky admits Ukraine can't fight its way back to 1991 borders

Vladimir Zelensky also talked about the Crimean Peninsula, stating that Kiev is ready to "bring Crimea back diplomatically"

Russian State Duma passes law on federal budget for 2025-2027

According to the document, federal budget revenues are forecast to be 40.296 trillion rubles ($404.8 bln) in 2025, 41.84 trillion rubles ($420.3 bln) in 2026, and 43.154 trillion rubles ($433.5 bln) in 2027

US admiral says Washington should be ready for talks with Russia, China

The Department of State and other US agencies "should continue to engage our competitors in real and substantive dialogue," Rear Admiral Thomas Buchanan said

Humanitarian crisis in Kiev-controlled Kupyansk district of Kharkov Region near critical

According to Yevgeny Lisnyak, the Ukrainian authorities supply water for a short time, once every three days

EU considers ICC warrants against Netanyahu, Gallant as binding — foreign policy chief

According to Josep Borrell, the situation in the Gaza Strip "is apocalyptic," and "there are no more words" to describe it

US vote at UNSC rejected chance of stopping 'horrific bloodshed' in Gaza, Russian MFA says

"Once again, a chance to free the hostages, who include Russian nationals, has been missed," the statement reads

ICC issues arrest warrants for Netanyahu, Gallant for alleged crimes in Gaza Strip

The Israeli side's objections concerned the court's jurisdiction over the situation in Palestine in general and Israeli citizens in particular, as well as the right of states to conduct investigations independently before referring cases to the ICC

Zelensky begs ‘for his country to be flattened’ — US journalist

"Ukraine should be forever grateful that President Putin is calm, rational and kind - because Zelensky is practically begging for his country to be flattened," American political commentator Jackson Hinkle said

US journalist calls US President Joe Biden’s government 'the fascist state'

Earlier, Tucker Carlson said that Joe Biden's approval of long-range missile strikes by the Ukrainian army deep inside Russia could threaten US people

Biden's decision on missile strikes on Russia is his 'last gasp' — Japanese lawmaker

Earlier, Muneo Suzuki emphasized on his blog that the decision that this decision by Biden on the tail-end of his presidency looked like "a last gasp"

Russian forces successfully advancing in all areas in special military op zone — Putin

The Russian president said that "all the goals we set for ourselves are being achieved"

Washington has no plans of updating nuclear posture after Russia’s test of new missile

"We haven't seen any adjustments that we've observed in their nuclear posture, and we haven't adjusted our nuclear posture in exchange," Department of Defense Deputy Press Secretary Sabrina Singh said

Russian stock market indices in the red on Thursday — market data

The mood in international markets was mainly neutral

Soyuz rocket carrying Progress MS-29 cargo spaceship blasts off from Baikonur spaceport

Progress MS-29 will deliver 2,487 metric tons of cargo to the orbital outpost, including fuel, drinking water, compressed nitrogen, various equipment, food and clothing

Russian troops advance in areas north, south of Velikaya Novoselka in DPR — official

Earlier, Vladimir Rogov stated that a successful offensive by the Russian Armed Forces north of Velikaya Novoselka could allow them to encircle the settlement

Kremlin condemns report on Storm Shadow missile use against Russian targets as escalation

Dmitry Peskov chose not to respond to a question about whether Russia has proof that UK-made Storm Shadow missiles had been used against it

Russia fires ballistic, non-nuclear-tipped missile at Ukrainian aerospace plant — Putin

According to the president, the missile is code-named Oreshnik, which can roughly be translated as hazel bush

Press review: US lets Kiev use anti-personnel mines and Iran may halt uranium enrichment

Top stories from the Russian press on Thursday, November 21st

US is now at war with Russia, Ritter says

According to former US intelligence officer Scott Ritter, the United States "is a direct party to the invasion and occupation of Russian soil," because it helped Kiev plan its incursion into the Kursk Region

Captives, Ukrainian losses: situation in Kursk Region

Over the day, the enemy lost more than 150 people, while five Ukrainian servicemen surrendered

Putin sends message to those seeking to 'add fuel to fire' before Trump’s return — expert

The likelihood of a direct armed conflict with NATO is increasing because some individuals in the alliance are ready to raise the stakes ahead of Trump’s inauguration, Andrey Bystritsky emphasized

IAEA once again fails to hold Kiev responsible for threats to Zaporozhye NPP — diplomat

Russian envoy to international organizations in Vienna Mikhail Ulyanov pointed out that from September 23 to November 12, the Russian servicemen suppressed 556 drones near the plant and Energodar

Enemy has no countermeasures for Russia’s Oreshnik missile — Putin

Speaking in a televised address, the head of state assured that Russia will issue notifications before using this type of missile

Ukraine was warned about possible missile strike — Pentagon

Department of Defense Deputy Press Secretary Sabrina Singh gave no answer to the question of how could Ukraine prepare for this kind of attack

Russian troops raise flag in central Kurakhovo in Donetsk region — politician

Russian army units have advanced much farther into the city’s northern part, in particular, along the southern bank of the Kurakhovo reservoir, Vladimir Rogov specified

US provides temporary carveout for Sakhalin-2 related transactions with Gazprombank

The United States introduced sanctions against Gazprombank earlier today

Zelensky to have no input if Russia, US negotiate, ex-Prime Minister says

Previously, Elon Musk said on the X social platform, commenting on Zelensky’s supposition that the United States cannot force Ukraine to "sit and listen" at the negotiating table because Ukraine is an independent country, that Zelensky has an "amazing sense of humor"

Decision on strikes inside Russia seals US puppet Zelensky’s fate — commentator

The New York Times reported earlier, citing sources, that US President Joe Biden had authorized the use of US-made ATACMS tactical ballistic missiles for strikes inside Russia

Ukrainian frontline may 'collapse' under onslaught of Russian forces — BBC

According to the experts, Ukraine’s incursion into Russia’s borderline Kursk Region turned out to be a "strategic catastrophe" amid "manpower shortages"

Residents of Kupyansk, Kovsharovka in Kharkov Region returning to their homes

People are refusing to go to safer places because of Ukraine's unwillingness to provide basic sanitation for refugees

NATO enters conflict, Russia has every right to attack its targets now — expert

Col. (Ret.) Lawrence Wilkerson confirmed to TASS that the launch of ATACMS missiles would be impossible without "US/NATO satellite feeds and/or personnel"

US missile defense base in Poland long among Russian army’s targets — Foreign Ministry

Maria Zakharova stated that the US-NATO construction project, ongoing for nearly a decade with complete disregard to Russian security concerns, has consistently been a focus of Russia's attention

Russia not obliged to notify anyone about launch of intermediate-range missile — Kremlin

"No, there have been no notifications, for Russia has no such obligation with regard to intermediate-range missiles," Dmitry Peskov emphasized

Moscow won’t allow US to silence UNSC as Washington backs Israel — Russian UN envoy

According to Vasily Nebenzya, the Security Council should "bring peace, stability and prosperity to the Middle East"

Ukrainian special services assemble unit for sabotage attacks in Kupyansk — official

According to Yevgeny Lisnyak, the special services threaten people with criminal charges of collaborationism if they refuse to join the unit

Press review: Uranium costs soar as Moscow updates nuclear doctrine and US OKs attacks

Top stories from the Russian press on Wednesday, November 20th

Russian embassy warns UK about dangers of calling for Moscow’s ‘defeat’

According to th statement, London is promoting new rounds of escalation

Trump may soon start talks with Russia following Biden’s decision on ATACMS — news agency

According to Andreas Kluth, the decision on ATACMS may have been another attempt by the current Washington administration to provide Ukraine with support until the president-elect comes to power

Russia’s reaction to Austrian OMV’s failure to pay for gas justified — MFA

The company stated it would seek damages amounting to 230 million euro for failing to receive the contracted volume of gas from the Russian company for delivery to Germany

FACTBOX: What is known about UAV attacks on Russian regions

During the night, air defenses intercepted and destroyed two Ukrainian UAVs in the skies over the Rostov and Volgograd regions

China holds US responsible for disrupted defense ministers' meeting in Laos

Wu Qian stated that the United States must immediately correct its mistakes, "honestly respect China’s main interests, and seek to create favorable conditions for high-level contacts between the military of the two countries"

West’s decision on missile strikes gives Russia free hand to attack NATO bases — expert

According to Dmitry Suslov, retaliatory measures may include the handover of more advanced weapons to the forces "that are directly fighting against the US, particularly, in the Middle East"

Trump to continue using Ukraine to contain Russia — Valdai program director

"The US continues to benefit from the Ukrainian crisis, regardless of which administration is in power," Andrey Sushentsov said

Lukashenko tells Putin situation is "starting to get tense with Wagner"

The Belarusian leader noted that they want to go to Warsaw

ATACMS missiles unlikely to keep Kiev from losing conflict — American expert

Daniel Davis also noted that "continuing to ignore reality" would only increase "the ultimate cost of losing" the conflict for Ukraine

Humanitarian situation in Gorlovka harsh as Ukraine targets key infrastructure — DPR head

More than 80,000 users were left without power in Gorlovka on Tuesday morning due to the Ukrainian armed forces' shelling

Russian troops liberate Dalneye community in Donbass region over past day

Russia’s Battlegroup South inflicted roughly 380 casualties on Ukrainian troops and destroyed a British-made howitzer and four US-made artillery guns in its area of responsibility over the past day

Russia ready to assist Serbia in building oil pipeline via Hungary — Transneft

"This will make it possible for them to be more independent in oil supplies and significantly increase volumes of oil delivered to the territory of Serbia for internal consumption," Vice President Vladimir Kalanda said

Defeating Ukrainian forces near Olgovskaya wood, enemy losses: situation in Kursk Region

The Russian Armed Forces have completed the destruction of a Ukrainian battlegroup blocked in the area of the Olgovskaya wood

West launched missiles targeting Russia’s Bryansk, Kursk Regions — Putin

Russian air defenses repulsed all attacks, the Russian president said

Ex-German chancellor never expected Russia to tolerate Ukraine’s NATO membership — memoir

Angela Merkel added that another fallacy was the belief that the status "would act as a deterrent," and that Moscow "would accept these developments without taking action"

Ukrainian conflict acquires global elements after strikes with Western missiles — Putin

It is reported that the conflict in Ukraine, provoked by the West, has acquired elements of global nature

NATO deployment to Ukraine would mark its entry into the war, Russian diplomat warns

According to Maria Zakharova, the Estonian minister is inciting other NATO members to engage in a venture that is "bound to fail"

US Congressman urges to impeach Biden for allowing strikes deep into Russia

"By authorizing long range missiles to strike inside Russia, Biden is committing an unconstitutional Act of War that endangers the lives of all US citizens," Thomas Massie said

US forces strike Houthi sites with seaborne missiles — TV

According to Al Arabiya, US warships fired at least four missiles at Houthi-operated facilities in the Al-Matina area around 90 km south of the province’s administrative center

Russia encircles largest Ukrainian fortification in southern DPR — security services

"The enemy positioned in the fortified area in Velikaya Novoselka in the south of the DPR is already trapped in a kill zone," the source said

US sanctions against Gazprombank will not affect gas supplies to Hungary — Ministry

The United States introduced sanctions against Gazprombank earlier today

Final test launch of Russia's new RS-26 Rubezh ballistic missile successful — designer

The RS-26 Rubezh missile based on the previous RS24 Yars is expected to be put on combat dutiy in 2015.

Japanese lawmaker praises Putin's restraint amid decision to strike deep into Russia

Top EU diplomat Josep Borrell confirmed that the US administration had lifted restrictions for US-supplied missiles to be used for strikes up to 300 kilometers inside Russia

Lavrov arrives in Brest for two-day working visit — correspondent

The top Russian diplomat will also hold an official meeting with his Belarusian counterpart Maxim Ryzhenkov

Russia to use revenues from frozen assets of Western investors — Finance Minister

Tit-for-tat measures will be implemented after receiving information about unfriendly actions of Western countries, Anton Siluanov noted

Bank of Russia’s officials hit by US sanctions

The head of the financial monitoring and currency control service of the Russian Central Bank was also added to black lists

Turkey seeks justice against Israel for genocide in Gaza — Erdogan’s Party

Previously, the media reported that the International Criminal Court had issued an arrest warrant for former Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant for presumed war crimes and crimes against humanity committed between October 8, 2023, and May 20, 2024, in Palestine, including in the Gaza Strip

IN BRIEF: What Putin said about Russia’s new missile, and Moscow’s response to the West

Moscow used its new Oreshnik medium-range hypersonic ballistic missile in response to the West’s decision to authorize strategic-depth strikes on Russia

US decision on missile strikes aimed at provoking Russia, expert says

According to Andrey Sushentsov, Biden is under pressure from Washington’s allies and "the hawks" in his government who believe that the US is not providing enough support to Kiev

Canada neglects its sovereignty by approving transfer of land mines to Kiev — diplomat

According to Oleg Stepanov, since the authorities of the country have long acted, "especially in security matters, according to the rule 'what Uncle Sam says, so Ottawa will do' and don’t blush about this."

US, NATO decision on strikes continues policy of escalation — Putin

"Experts are well aware - and the Russian side has repeatedly underscored this - that it is impossible to use these weapons without direct participation of military specialists from the countries that produce these weapons," the president said

No Western sanctions to limit Russia’s foreign trade — minister

All restrictions that Western countries impose affect themselves in the first place, Russian Finance Minister Anton Siluanov added

Preliminary data shows anti-ship missile downed over Sevastopol waters — official

Governor Mikhail Razvozhayev said that all emergencies services currently work in the high alert mode

Russian ambassador says UK prime minister doesn’t understand situation in Ukraine

Turning to the Labour Party’s domestic policies, Andrey Kelin said Starmer’s plans to spur the economy were "not met with applause by the population

Biden's decision to use ATACMS on Russia threatens to kill Americans — Tucker Carlson

The journalist also criticized US House of Representatives Speaker Mike Johnson (a Republican representing the state of Louisiana) for "not even mentioning it in public or in leadership meetings" with factions in the lower house of Congress

US not seeking confrontation with Russia, but will continue assistance to Kiev — Pentagon

Department of Defense Deputy Press Secretary Sabrina Singh also claimed that Washington, while helping Ukraine, is not attempting to turn the conflict into a large-scale regional confrontation that spills beyond the country’s borders

Putin orders protection of critical infrastructure, including Crimean Bridge — Kremlin

Kiev has not accepted the legitimate results of the 2014 referendum, in which the people of Crimea and Sevastopol voted to become part of Russia, and is displeased by the operation of the Crimean Bridge, which connects the Kerch Strait with the Krasnodar Region

Trump to rely on forces that brought him to power — Russian presidential aide

Nikolay Patrushev agreed that Trump, when he was still a candidate, "made many statements critical of the destructive foreign and domestic policies pursued by the current administration"

Russia hit Ukrainian military-industrial facility in response to use of Western missiles

It is reported that the Russian Armed Forces carried out a combined strike at a Ukrainian military-industrial complex on November 21

Trump seeks to restore peace in entire world — transition team on Putin’s address

Trump’s inauguration will take place on January 20, 2025

Kiev suffering fiasco on entire front line — aide to DPR head

Igor Kimakovsky said that "if the West is not physically involved in this war, that is, if NATO is not involved, then Ukraine is actually losing"

NATO supports Ukraine not out of charity but for its own strategic interests — deputy head

Boris Ruge argued that NATO now has hundreds of thousands of troops that could be deployed to the alliance's eastern flank or elsewhere within ten days

Russia to address NATO’s engagement in strikes deep inside country — SVR

Sergey Naryshkin observed that the military and political elites in the West are increasingly recognizing the gravity of Russia's intentions and the need for greater caution in their actions

Russian air defense deflects attacks with Western missiles — Putin

"As a result, the goals that the enemy apparently set have not been achieved," the Russian leader said

Xi Jinping calls for unification of more voices for peace in Ukraine

"We need to bring together more voices of peace and pave the way for a political solution to the Ukrainian crisis," Chinese president said

Russian army pushes Ukraine out of Kurakhovo water reservoir’s north shore

According to Igor Kimakovsky, the only road the Ukrainian armed forces could use to leave the city is under Russia’s control

US decision on strikes inside Russia stems from malice rather than strategy — journalist

According to Sumantra Maitra, Washington’s move will not improve Kiev’s situation

Media from unfriendly states will be admitted to Putin's annual press conference — Kremlin

The last Direct Line Q&A session and year-end press conference was held on December 14, 2023

Newly arrived Ukrainian soldiers rob, loot in Kharkov Region’s Kupyansk

According to Lisnyak, local residents report that Ukrainian military personnel are stealing furniture, transformers, construction materials and humanitarian aid remaining in the settlements, and then selling it to private business owners

Ukraine has around 50 ATACMS missiles — The Times

According to the report, the Ukrainian military has sufficient launchers that are capable of firing them

China slams US nuclear policy for undermining global stability

The United States continues to modernize its nuclear triad, Lin Jian noted

Moscow hopes West will thoroughly analyze Russia's nuclear doctrine — ambassador

Andrey Kelin also recalled that the policy of the Russian leadership enjoys the full support and confidence of the country's population

Press review: Russian air defenses can down Western missiles as EU conducts live exercise

Top stories from the Russian press on Tuesday, November 19th

Weapons supplied to Ukraine cannot reach Russian territory, Spanish defense minister says

The New York Times reported on November 17 that US President Joe Biden had authorized the use of US-supplied ATACMS tactical ballistic missiles for strikes inside Russia

Putin’s Q&A session and press conference to be held on one of December Thursdays — Kremlin

"The direct line and press conference are being prepared," Dmitry Peskov said