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US Treasury ‘Very Attentive’ to Russia’s Use of Cryptocurrency, Yellen Says

US Treasury ‘Very Attentive’ to Russia’s Use of Cryptocurrency, Yellen SaysU.S. Treasury Secretary Janet Yellen has addressed concerns about Russia using cryptocurrency to evade sanctions. During her testimony before the House Financial Services Committee, Yellen acknowledged the potential threat, noting that while it may not be a significant issue now, it could become more concerning as sanctions intensify. Yellen: We Are Very Attentive to the […]

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

Russian Central Bank Suggests Using Crypto to Counter Western Sanctions

Russian Central Bank Suggests Using Crypto to Counter Western SanctionsRussia’s central bank has urged businesses to consider various payment solutions, including cryptocurrencies and digital assets, to manage transactions with foreign partners and counter Western sanctions. Bank of Russia Governor Elvira Nabiullina highlighted that the central bank has softened its stance on the use of cryptocurrencies in international payments. She also mentioned ongoing efforts to […]

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

Russian Billionaire Slams Central Bank’s Crypto Policy, Says Even El Salvador Realizes the Need for Bitcoin

Russian Billionaire Slams Central Bank’s Crypto Policy, Says Even El Salvador Realizes the Need for BitcoinRussian billionaire Oleg Deripaska wants the Bank of Russia, the country’s central bank, to embrace cryptocurrency, citing El Salvador’s bitcoin law as an example. El Salvador recently passed a bill making bitcoin legal tender in the country. Billionaire Oleg Deripaska is the founder of Basic Element, a Russian industrial group focusing in areas such as […]

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

De-Dollarization: Russia Removing All US Dollar Assets From Its $600 Billion National Wealth Fund

De-Dollarization: Russia Removing All US Dollar Assets From Its 0 Billion National Wealth FundRussia has reportedly announced that U.S. dollar assets will be removed from its National Wealth Fund as U.S. sanctions on Moscow intensify. The fund, which currently totals about $600.9 billion, forms part of Russia’s gold and currency reserves. Russia Steps up De-Dollarization Efforts Russia’s finance minister, Anton Siluanov, announced at the St. Petersburg International Economic […]

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

Russian Anti-Money Laundering Body Will Monitor Crypto to Fiat Transactions, Says Official

Russian Anti-Money Laundering Body Will Monitor Crypto to Fiat Transactions, Says OfficialHerman Neglyad, the deputy of the Russian anti-money laundering body, Rosfinmonitoring, has said his organization will monitor cryptocurrency transactions that involve the conversion from crypto to fiat. Neglyad made this revelation during a recent meeting of the State Duma Committee on financial markets. Banks Already Cooperating According to a Russian news site, Regnum, the anti-money […]

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets