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After a long time, Russia agreed to regulate the cryptocurrency sector.

Published

4 years ago

February 10, 2022

After a long battle over the country’s position on cryptocurrencies, different Russian state bodies have agreed on the best way to regulate the cryptocurrency sector.

The cryptocurrency trend has now reached the shores of Russia. The latest developments in the Russian economy show the possible chances of Russia moving forward towards accepting cryptocurrency by agreeing to regulate the cryptocurrency sector.

In an announcement on an official government page on Tuesday, February 8th, it is stated that cryptocurrencies, such as Bitcoin, should integrate Russia’s financial system but under supervision.

The government has determined the future of digital currencies in Russia. The turnover of such financial assets will be regulated by the state with strict obligations for all participants in the professional market and an emphasis on the protection of the rights of ordinary investors.

Statement from Russian Intuitional bodies concerning cryptocurrencies acceptance

According to the document released by Russian officials, the goal of regulation is to incorporate the mechanism of digital currency circulation into the financial system and guarantee control over cash flows in the credit institution circuit.

It is also stated that it would impose a need on market players to notify individuals about the heightened dangers connected with digital currency.

This announcement is accompanied by a nine-page paper outlining criteria for various actors in the industry, including investors, exchanges, and P2P. However, although addressing mining, a significant business in the country, the text does not detail this subject.

In short, this is a step forward for the country, as the Central Bank engaged in the conversation. Previously, the Russian Central Bank had planned outright to prohibit the usage of Bitcoin in the nation.

Users or crypto buyers have to provide complete identification on these platforms before making any purchase in any cryptocurrency. These newly drafted regulations are expected to come into effect from the second half of 2022 or next year.

Statement from Russian Intuitional bodies concerning cryptocurrencies acceptance

Russia can benefit from cryptocurrencies.

In addition to the usage of Digital Currencies such as Bitcoin, it is worth mentioning that Vladimir Putin, Russia’s president, has already been contacted about using cryptocurrencies instead of the dollar to sell oil other items.

Returning to the document published on Tuesday, February 8th, Russian entities point out that the main reason for this approval is to get cryptocurrencies out of this gray area of legislation.

Among the reasons is the growth in adoption. After all, according to the note, there are 12 million cryptocurrency users in the country related to 2 trillion rubles. In other words, this represents 7% of the capitalization of the entire cryptocurrency market.

As for mining, the sector that the Central Bank wanted to ban, the document points out that Russia is the third-largest Bitcoin-producing hub on the planet.

In other words, if Bitcoin becomes a worldwide standard, nothing beats having this production under its control and rules.

However, the document does not delve as deeply into this issue as it does into the others. So we can expect the government to release more news on the topic soon.

Other Nations In Support Of Cryptocurrency

Many nations worldwide are getting started with crypto and are adopting it in many ways into their financial systems.

Crypto offers an anonymous and decentralized platform to initiate transactions across the globe at low fees. By regulating crypto transactions, a country can boost its safe and better monetary system resolutions.

Some examples of the nation supporting crypto revaluation include:

El Salvador- Recently, in January 2022, El Salvador became the first country to grant legal tender Bitcoin. It created a financial revolution across different nations and the government itself. The country aims at introducing bitcoins in its transaction system to promote the Country’s GDP. The Bitcoin city is also being created to introduce even more adoption of cryptocurrencies in the Country.

Brazil, which is not as large as El Salvador and did not make crypto as a legal tender yet, but permits cryptocurrencies. The City of Rio de Janeiro for example, offers a massive discount of 10% for citizens looking to pay taxes in Bitcoins. This step is taken to ensure that country remains in compliance with the rising potential of the crypto network in leveling up the financial game.

· Iran – With the help of an integrated system, the central bank of Iran is looking to develop a modern agreement with the Middle East region. This agreement will allow CBI’s official platform to offer citizens a payment system for cryptocurrencies. In addition, officials from the Iranian government have also given positive signs that Iran will develop its primary cryptocurrency.

Under developing countries like India are still figuring out their way to involve with the crypto payment system. On the contrary, nations like Japan and Russia are making drastic moves towards achieving better financial stability with Bitcoin.

Along with this, Russia is also planning to go a step ahead by developing its blockchain policy. If all goes as planned, the crypto market will undergo a substantial transformation in the future.

If Russia can move over to a blockchain-based system, the world will follow it as Russia is the trendsetter for its followers. The change expected for the Russian economy is mostly positive, but the future will show what will come in cryptocurrency.

Changes in Russia after regulate the cryptocurrency sector?

Firstly, the Russian government will have greater control over cryptocurrency investors. So one of the measures is a tightening of the KYC system – identity verification procedure – so that the state continues to have a minimum of control over its citizens.

After all, such control will expand to banks responsible for verifying whether users can make withdrawals or deposits at exchanges.

In addition, exchanges will need to obtain a license to operate in Russia, which is common in other countries. Finally, companies registered abroad, so-called offshore, will not work in the country.

It is expected that the approval of this idea, which deems Bitcoin (and other Digital Currencies) to be legal, speeding legislative projects dealing with cryptocurrencies.

The principal ones are concerned with taxes on such operations as mining and those involved with utilizing cryptocurrencies for criminal purposes such as tax evasion and money laundering.

Finally, although the proposal sounds somewhat conservative, these points are common in countries that have already embraced cryptocurrencies and their adjacent technology.

As a result, it is a step forward for the sector, as there was prior thinking of prohibiting the use of cryptocurrencies.

Meanwhile, the largest Digital Currency, Bitcoin, is up modestly by 1.5 percent on Wednesday, February 9th, trading at $44,150 at the time of publication of this article, indicating that the cryptocurrency winter may be coming to an end.

Blockchain

Blockchain.com Brings Perpetual Futures to Self-Custody Wallets

Published

1 week ago

April 22, 2026

Victor Smith

Blockchain.com has introduced perpetual futures trading directly داخل its non-custodial wallet, allowing users to trade leveraged positions while keeping full control of their crypto.

Trade Without Giving Up Custody

The new feature lets users open and manage trades without transferring funds to a centralized exchange.

Instead:

Assets remain in the user’s wallet
Private keys stay fully controlled by the user
Trades are executed seamlessly عبر integrated infrastructure

This marks a major خطوة toward combining DeFi trading with self-custody security.

Powered by Hyperliquid

The system routes trades through Hyperliquid, giving users access to:

190+ crypto markets
Up to 40x leverage
Real-time trading execution

Users can fund positions directly with Bitcoin from their wallet without needing conversions or external transfers.

What Are Perpetual Futures?

Perpetual futures are derivative contracts that allow traders to:

Take long or short positions
Use leverage to amplify exposure
Trade without expiration dates

This makes them one of the most popular أدوات trading in crypto markets.

Regulatory Momentum Building

The launch comes as the Commodity Futures Trading Commission signals potential approval for perpetual futures in the US.

Currently, these products are mostly limited to non-US users, but regulatory clarity could expand access soon.

Expanding Beyond Crypto

Blockchain.com plans to broaden the offering into multi-asset trading, including:

Foreign exchange
Stocks
Commodities

This reflects a wider industry trend where crypto platforms evolve into full financial trading ecosystems.

Industry Shift Toward Onchain Derivatives

The move aligns with growing momentum across the sector:

Exchanges are launching tokenized stock futures
Platforms are enabling 24/7 global trading
DeFi protocols are capturing more derivatives volume

Even traditional-style platforms are adopting crypto-native infrastructure.

A New Era of Self-Custody Trading

By combining self-custody wallets with advanced derivatives, Blockchain.com is addressing a long-standing trade-off:

Security vs convenience

Now, users can access sophisticated trading tools without sacrificing control of their assets.

Crypto

Bitmine Buys Over 100K ETH, Moves Closer to Controlling 5% of Supply

Published

1 week ago

April 21, 2026

Victor Smith

Bitmine Immersion Technologies has made another massive Ethereum purchase, reinforcing its position as the largest public holder of Ether and pushing closer to its ambitious long-term accumulation target.

Bitmine’s Biggest ETH Buy in Months

The company acquired 101,627 Ether (ETH) during the week of April 13 to April 19, marking its largest purchase since December 2025.

This latest buy continues a streak of aggressive accumulation over the past month, signaling strong conviction despite recent market volatility.

Total Holdings Near 5 Million ETH

Following the purchase, Bitmine now holds:

4,976,485 ETH
Valued at დაახლოებით $11.5 billion
Roughly 4.12% of total Ethereum supply

The company also maintains additional assets, including:

199 Bitcoin (BTC)
Over $1.1 billion in cash
Strategic equity stakes in multiple firms

Altogether, Bitmine’s crypto and cash holdings total around $12.9 billion.

Chasing the “5% Supply” Target

Bitmine has made it clear that its goal is to control 5% of Ether’s circulating supply, a strategy it calls the “alchemy of 5%.”

With current holdings, the company is now about 82% of the way to that target.

If achieved, it would represent one of the most concentrated institutional positions in a major cryptocurrency.

Expanding Ethereum Staking Operations

Beyond accumulation, Bitmine is also scaling its staking infrastructure through its MAVAN platform.

3.33 million ETH is currently staked
Generating over $200 million annually in staking rewards

This allows the company to earn yield while holding a large treasury position.

Strategy Reflects Long-Term Bullish Outlook

Chairman Tom Lee said the company believes Ethereum is emerging from a “mini crypto winter,” suggesting the recent downturn may be nearing its end.

Bitmine’s continued buying indicates confidence in:

Ethereum’s long-term growth
Institutional adoption trends
The role of staking in generating sustainable returns

Institutional ETH Accumulation Is Growing

Bitmine’s strategy reflects a broader shift, where public companies are increasingly building crypto treasuries similar to Bitcoin-focused firms.

Ethereum, with its staking yield and smart contract ecosystem, is becoming a key asset in these strategies.

Crypto

Japan to Test Government Bonds as Digital Collateral on Canton Network

Published

1 week ago

April 21, 2026

Victor Smith

Japan is taking another step toward modernizing its financial infrastructure, with a new pilot exploring how government bonds can function as digital collateral on blockchain rails.

Major Institutions Join Digital Collateral Trial

The Japan Securities Clearing Corporation (JSCC), part of the Japan Exchange Group, is leading the initiative alongside:

Mizuho Financial Group
Nomura Holdings
Digital Asset

Together, they will test whether Japanese government bonds can be digitized and used efficiently within blockchain-based financial systems.

Bringing Government Bonds Onchain

The pilot focuses on using Japanese Government Bonds (JGBs) as digital collateral on the Canton Network.

Key objectives include:

Enabling onchain transfer and management of bonds
Preserving their legal status under existing regulations
Testing integration with current financial infrastructure

The goal is to determine whether traditional assets can move seamlessly into blockchain environments without disrupting legal frameworks.

Toward Real-Time, 24/7 Collateral Markets

One of the most important aspects of the trial is exploring real-time collateral usage.

Unlike traditional systems that operate within limited hours, blockchain infrastructure could enable:

24/7 collateral transfers
Faster settlement times
Cross-border efficiency

This could significantly improve how financial institutions manage liquidity and risk.

Backed by Japan’s Financial Regulator

The initiative has been selected by the Financial Services Agency under its Payment Innovation Project.

This signals strong regulatory support for experimenting with distributed ledger technology in core financial markets.

Building on Global Momentum

Japan’s move follows similar experiments in other markets.

A previous Canton Network pilot tested tokenized US Treasuries as reusable collateral among major global banks, demonstrating how high-quality assets can circulate more efficiently onchain.

The new trial extends that concept to one of the world’s largest sovereign bond markets.

Implications for Financial Infrastructure

If successful, the project could:

Redefine how collateral is managed globally
Improve capital efficiency for institutions
Accelerate the adoption of blockchain in traditional finance

However, no timeline for a full commercial rollout has been announced yet.

A Step Toward Tokenized Finance

This initiative highlights a broader trend of integrating traditional financial assets into blockchain systems.

By testing government bonds as digital collateral, Japan is positioning itself at the forefront of the shift toward tokenized financial infrastructure.