Bitcoin News / Bitcoin.com - 2 years ago
An institute facilitating Russian exports is now working on the establishment of a sandbox for international crypto payments, local media reported. The goal is to identify potential regulatory and technological challenges for settlements with digital...
Bitcoin News / Bitcoinist - 2 years ago
The State Duma, Russia’s lower house of parliament, has submitted legislation making it illegal to pay with cryptocurrency. The bill’s sponsors want crypto platforms to be tasked with preventing transactions that could promote digital ass...
Cryptocoins News / The Cointelegraph - 2 years ago
Russian banking giant Sber — formerly known as Sberbank — is preparing to complete its first digital currency deal involving the bank’s proprietary digital asset platform soon.The bank will conduct its first transaction involving digital financial as...
Cryptocoins News / The Cointelegraph - 2 years ago
A bill that had been introduced a week ago to the State Duma, the lower chamber of Russian Parliament, made a swift passing through first reading. Should it become a law, it would prohibit using “digital financial actives” (DFA) to pay for goods or s...
Bitcoin News / Bitcoin.com - 2 years ago
Legislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russia’s parliament. The sponsors of the bill want to task crypto platforms to prevent transactions that could facilitate payment...
Bitcoin News / Bitcoin.com - 2 years ago
This week, entrepreneur and activist Kim Dotcom said the “U.S. is beyond bankrupt,” and minced no words about a potential “controlled demolition of global markets.” Meanwhile, American economists are intere...
Bitcoin News / Bitcoin.com - 2 years ago
Courts in Russia are hearing a growing number of cases around crypto assets, a new study has shown. About two-thirds of them have been launched under provisions of the country’s Criminal Code but civil cases represent a large share as well....
by COINS NEWS - 2 years ago
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Bitcoin News / Bitcoin.com - 2 years ago
Two months after the Russian ruble fell below a U.S. penny, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situation” because a coun...
Cryptocoins News / The Cointelegraph - 2 years ago
In recent months, Russian legislators have been preparing measures to fully institutionalize crypto as a properly taxable investment asset and a possible tool for foreign trade in Russia. Now, they want to make clear that the upcoming regulatory turn...
Bitcoin News / Bitcoin.com - 2 years ago
Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, w...
Bitcoin News / Bitcoin.com - 2 years ago
Alejandro Zelaya, Treasury minister of El Salvador, explained that the conflict happening currently between Ukraine and Russia has influenced the price of bitcoin on international markets, disrupting it. Due to this disruption, Zelaya also stated tha...
Cryptocoins News / Blockchain - 2 years ago
Russia is no longer able to pay bondholders through US banks Speculation has it that Russia is about to default on its foreign debt The Russian government is considering allowing cryptocurrency to be used for...
Bitcoin News / Bitcoin.com - 2 years ago
The bill “On Digital Currency,” meant to comprehensively regulate crypto transactions in Russia, will be a “tough” law, according to the head of the State Duma Financial Market Committee. The legislation is...
by COINS NEWS - 2 years ago
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Cryptocoins News / Blockchain - 2 years ago
As a change of tune, Russia’s central bank is relieving its previous tough stance about by allowing their usage in international payments, as by Reuters. The First Deputy Governor of the Central Bank of Russia (CBR), Ksenia Yudaeva, noted: ...
by COINS NEWS - 2 years ago
In the frantic early days after Russia’s invasion of Ukraine, when the country’s survival depended on the speedy procurement of weapons and money, two generations crashed. The older one was represented by a supplier of military gear that had the opti...
More / Bitcoin Reddit - 2 years ago
Due to the Western sanctions imposed on Russia because of the war, The Russian economy is now seeking to accept crypto as a form of international payments. According to Ivan Chebeskov (Director of the Department of Financial policy) in Russia, He sai...
Cryptocoins News / The Cointelegraph - 2 years ago
First deputy governor of the Russian central bank Ksenia Yudayeva stated Tuesday that the bank is open to using cryptocurrency for international payments, Reuters reported, along with Russian media, which added that the bank was reconsidering its pos...
by COINS NEWS - 2 years ago
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Bitcoin News / Bitcoinist - 2 years ago
Despite the Russian government’s expectation that cryptocurrencies will be legalized as a form of payment, no consensus has yet been reached after months of panel discussions in Moscow about crypto. Nonetheless, Russia is contemplating the use...
Cryptocoins News / The Cointelegraph - 2 years ago
Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate.The energy consumption share of the crypto mining industry has exceeded the country’s agricultural sector, showing signs...
Bitcoin News / Bitcoin.com - 2 years ago
A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a press report, the finance ministry has introduced a number of...
Bitcoin News / Bitcoin.com - 2 years ago
The Central Bank of Russia (CBR) has accelerated the development of its digital ruble in response to Western sanctions. The monetary authority now intends to pilot transactions with the new version of the national fiat in early 2023 instead of 2024,...
Cryptocoins News / Blockchain - 2 years ago
Russia is mulling the plans to allow cryptocurrencies for cross-border payments as on one of the survival measures explorable as the country continues to battle sanctions from the West for its invasion of Ukraine. “The idea of using digital curre...
