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Bank of Russia Eyes Stablecoins for Cross-Border Transactions

Bank of Russia Eyes Stablecoins for Cross-Border TransactionsThe Bank of Russia is exploring the use of stablecoins in cross-border transactions, considering them as digital financial assets (DFAs) under existing regulations if they have a responsible entity. The initiative may involve a limited group of qualified investors and would require testing for regulatory feasibility. Bank of Russia Explores Stablecoin Use for Cross-Border Transactions […]

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Alternative Investments Like Crypto Form Half of Russian Non-Qualified Investors’ Portfolios

Alternative Investments Like Crypto Form Half of Russian Non-Qualified Investors’ PortfoliosInvestments in alternative assets such as cryptocurrencies account for over half of the portfolio of non-qualified Russian investors, a recently held survey has indicated. Almost half of them consider digital currencies like bitcoin as a potential hedge. Cryptocurrencies Outperform Traditional Currencies and Stocks in Russia Alternative investments like crypto, real estate, and antiques constitute more […]

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes