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Russia Can’t Do Without Cross-Border Crypto Payments, Consensus Reached

Russia Can’t Do Without Cross-Border Crypto Payments, Consensus ReachedKey government institutions have agreed that Russia needs to legalize crypto payments for international settlements. The proposal has been gaining support in the past few months since Moscow’s decision to invade Ukraine was met with wave after wave of Western sanctions. Financial Authorities in Russia Consider Legalizing International Cryptocurrency Payments In the current conditions, “it […]

BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow

Bank of Russia Says Stablecoins Are Not Suitable for Settlements

Bank of Russia Says Stablecoins Are Not Suitable for SettlementsThe Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for payments. The monetary authority reacted to a statement by a top finance ministry official who suggested that his department would support the development of Russian stablecoins. Russia’s Central Bank Voices Opposition to Stablecoins Unlike the […]

BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow

Russia’s Finance Ministry Supports Circulation of Stablecoins in Country

Russia’s Finance Ministry Supports Circulation of Stablecoins in CountryThe Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurrencies could lay the ground for a new financial system, the department is unsure if it will be better than the current one. Russia’s Minfin Open to Legalizing […]

BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow

Russia Will Not Try to Ban Home Crypto Mining, Finance Ministry Official Indicates

Russia Will Not Try to Ban Home Crypto Mining, Finance Ministry Official IndicatesA high-ranking representative of the Ministry of Finance in Moscow sees no point in banning crypto mining in Russian households as it would be hard to restrict the activity. The top official also revealed that the department is currently finalizing regulations for the mining sector as part of efforts to legalize Russia’s crypto space. Russia […]

BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow