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Russia’s central bank calls for blanket crypto ban

The Bank of Russia has advocated for a complete crypto ban as part of a report issued by the country’s central bank on Thursday. The report titled “Cryptocurrencies: trends, risks, measures” argued that the speculative nature of cryptocurrency investments poses significant threats to the financial stability of Russian citizens. As part of the blanket crypto ban, Russia’s central bank also stated that commercial banks and other financial institutions should be prevented from facilitating cryptocurrency transfers. According to the report, such …

Russian authorities raid REvil hackers, seize luxury cars and crypto

One of Russia’s most notorious ransomware gangs was hit by a major raid. Russia’s Federal Security Service, or FSB, announced on January 14 a series of raids on 25 addresses associated with 14 REvil members in locations around Moscow, St. Petersburg and Lipetsk.  The ad did not specify how many of the associated hackers were arrested, but news outlet RIA Novosti released a video depicting several of the arrests. In those raids, the FSB said it confiscated 426 million rubles …