News about RUSSIA

News about Russia

Russian man accused of accepting bribes in Bitcoin – Cryptopolitan - Cryptopolitan

Russian man accused of accepting bribes in Bitcoin – Cryptopolitan& & Cryptopolitan

CZ Binance on Buying Banks to Fight Crypto Regulation Woes, Russian Banker Says CNY Likely to Dethrone USD, and More — Week in Review

Changpeng Zhao, the CEO of Binance, doesn’t think buying a bank would solve the crypto industry’s troubles with traditional financial institutions, amid issues his own exchange currently faces in regions like Australia and Europe. In othe...

Iran-Russia Trade Settlements Exceed 60% in National Currencies, Says Joint Chamber Chief

Iran and Russia have increased cooperation and settled more than 60% of their bilateral trade in the Russian ruble and the Iranian rial, according to the chairman of Iran-Russia Joint Chamber of Commerce. The two countries have ramped up their de-dol...

Russia Drops State-Backed Crypto Exchange Plans, Rolls Out New Regulatory Model For Industry

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Largest Russian Bank Sberbank Opens Developer Access to in-House Defi Platform

Sberbank, the largest bank in the Russian Federation, announced that it opened access to its in-house decentralized finance (defi) platform to allow developers to test its capabilities. Reports indicate that Sberbank’s Comunity, the Ethereum-ba...

Russian Miners Mint Crypto Worth $700 Million a Year, Mining Bill Postponed

Cryptocurrency miners in Russia have extracted digital currencies for around $700 million last year, according to a state-run fintech entity. However, the growing industry remains unregulated with the government having postponed the adoption of the r...

Indian and Russian Foreign Ministers Discuss Cooperation in BRICS, G20, SCO

Indian external affairs minister and Russian foreign minister have held a meeting to discuss cooperation within the BRICS, the Group of Twenty (G20), and the Shanghai Cooperation Organization (SCO). The two countries have been shifting to settlements...

Russian Businesses Ask Putin to Help Legalize Crypto

A body representing the interests of Russian businesses has called on president Putin to help with crypto legalization. Their proposals, including on the use of cryptocurrencies in foreign trade settlements, have been included in a report to Russia’s...

Russians Warned Against Saving in Crypto Amid Declining Savings in Foreign Fiat

A government official in Moscow has advised Russians to avoid cryptocurrencies now when interest in foreign fiat currencies is declining in the country. The high-risk assets are not suitable for the savings of most people and make sense only for inve...

Russia Actively Shifting to Settlements in National Currencies, US Dollar Share Declining, Says Foreign Minister

Russia is actively shifting to settlements in national currencies with its partners, Foreign Minister Sergey Lavrov has affirmed. He expects the transition away from the U.S. dollar to only gain momentum. “This is true not only for Africa, but also f...

Should Russia Bolster or Ban Bitcoin? - CoinDesk

Should Russia Bolster or Ban Bitcoin?& & CoinDesk

South Africa’s Perceived Pro-Russia Stance May Result in Secondary Sanctions Which Threaten Financial Stability — Central Bank

The South African central bank has said the that perception that the African nation has aligned itself with Russia could result in the imposition of secondary sanctions which threaten financial stability. The bank also warned in its latest financial...

Russia to Enact Laws to Regulate Crypto Exchange Action; Profiles Use of Cryptocurrency to Bypass Sanctions

The government of Russia is preparing to regulate the establishment and action of crypto exchanges, abandoning its earlier proposal of the creation of a unique national platform. Anatoly Aksakov, head of the Russian State Duma Financial Markets Commi...

Russia Scraps Plan for a Crypto Exchange under MOEX

The Russian government has abandoned its plan to establish a national cryptocurrency exchange. Instead, the country now wants to set up rules to regulate cryptocurrency exchanges, according to the local news agency Izvestia, which cited State Duma me...

Russia Drops Plans for State-Run Crypto Exchange

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Russia Drops Plan To Launch National Crypto Exchange

The Russian government has abandoned the plan to launch a national cryptocurrency exchange. The country will instead establish a regulatory regime for crypto trading platforms. Russian authorities intend to use the country’s crypto exchange to facil...

Russia scraps plans for a national cryptocurrency exchange

Russia will continue to create new crypto platforms in response to sanctions, State Duma official Anatoly Aksakov said. The Russian government is no longer planning to...

Russia to use crypto exchanges for cross-border transactions

Russia appears to have ditched plans for a state-run cryptocurrency exchange, according to a new report. Instead, it is looking to establish a framework to support cryptocurrency exchanges and digital assets in cross-border transactions. The news wa...

Chinese Yuan to Replace US Dollar as World’s Reserve Currency, Says Russian Banker

Russia’s second-largest bank’s chairman says there is every reason to expect the Chinese yuan to replace the U.S. dollar as the world’s main reserve currency. He highlighted that the central bank of Russia has already begun investing its reserv...

Russian State Duma Chairman: ‘US National Debt Is a Global Financial Pyramid’

Vyacheslav Volodin, chairman of the Russian State Duma, the lower house of the Russian Federal Assembly, has stated that U.S. debt has become a “global financial pyramid” whose objective is to “deceive other nations and people.̶...

US Dollar Dumping Has Started in Both Words and Actions As BRICS Nations Join Forces, Says Russia’s Top Diplomat

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Russian Think Tank Profiles BRICS Bank as IMF Counterpart to De-Dollarize Credit Markets

The Roscongress Foundation, a Russian think tank, has profiled the New Development Bank, known as the BRICS bank, as an alternative to the International Monetary Fund (IMF) in its latest “Decolonization in Energy Markets” report. Nation m...

Putin Rejects Russian Economic Collapse Predictions — Highlights Active BRICS, SCO Cooperation

Russian President Vladimir Putin says Russia is actively cooperating with major international organizations, including the BRICS group, the Shanghai Cooperation Organization (SCO), the Association of Southeast Asian Nations (ASEAN), the Gulf Cooperat...

Chinese President Xi Jinping Says China Ready to Strengthen Cooperation With Russia

Chinese President Xi Jinping has stated that China is ready to strengthen cooperation with Russia. The two nations reportedly want to “develop and establish a bigger regional market” while ensuring “a more stable and robust global s...

Russia and China Carry Out Most Settlements in Yuan and Ruble, Russian PM Mikhail Mishustin Says

The larger portion of payments between Russia and China are now processed using the currencies of the two countries, Prime Minister Mikhail Mishustin revealed. Moscow and Beijing intend to increase mutual trade beyond the $200-billion target this yea...

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