Russia is using cryptocurrencies in its oil trade with China and India to dodge Western sanctions, Reuters reports citing unnamed sources. As reported by bne IntelliNews, Russia passed legislation on crypto mining in August 2024,

Authorities in India have arrested a cryptocurrency exchange administrator wanted by the US for allegedly helping cybercriminals launder money and violate sanctions. Aleksej Besciokov, a Lithuanian citizen and Russian resident, was arrested in the southern state of Kerala on Tuesday, India's top investigative agency said.

Indian authorities have arrested a Lithuanian man wanted by the US for allegedly running a $96 billion cryptocurrency exchange that allowed terrorist organizations, drug traffickers and cybercriminals to launder money.