Russian Court Sends BitRiver Founder to Pre-Trial Detention Amid Ongoing Crypto Regulation Efforts

A Russian court has sent BitRiver founder Igor Runets from house arrest to pre-trial detention. The move marks another significant development in the country's ongoing efforts to regulate its crypto market.

Separately, the Bank of Russia has proposed a framework for organized digital-asset trading, which would establish formal rules for exchanges and depositories nationwide. The new regulations aim to provide clarity and transparency for market participants.

In another development, the EU has approved a new sanctions package that bars EU persons from dealing with 11 unnamed crypto operators. This move is part of the bloc's efforts to enforce digital asset regulations against Russian sanctions evasion.