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Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov Says

Bitcoin.com
Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov Says
bitcoin.com
Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov SaysEfforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according to Russian Foreign Minister Sergey Lavrov. During a meeting with his colleagues in India, Moscow’s top diplomat also discussed the similar initiative within BRICS. Sergey Lavrov Convinced SCO Countries Will Switch to National Currencies, Won’t […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say

Bitcoin.com
Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say
Bank of Russia
Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency SayBank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks in Russian Federation Headed for […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says

Bitcoin.com
‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says
Alexey Moiseev
‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister SaysCryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing crypto in foreign trade transactions, he indicated. Russia Plans to ‘Experiment’ With Cross-Border Crypto Payments Amid Sanctions […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again

Bitcoin.com
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again
Bank of Russia
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level AgainBank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures, up to 2.0% for 2023. Bank of […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

Bitcoin.com
Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts
accounts
Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar AccountsA growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro Accounts Expected to Drop Further, Requests for Yuan […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says

Bitcoin.com
BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says
bitcoin.com
BRICS Currencies to Have No Alternative, Former Russian President Medvedev SaysFiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a whole, the Russian politician said. Ruble, Yuan, Other BRICS Currencies to Take Over […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Binance Reportedly Removes Restrictions on Russian Users

Bitcoin.com
Binance Reportedly Removes Restrictions on Russian Users
bank cards
Binance Reportedly Removes Restrictions on Russian UsersThe world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine

Bitcoin.com
US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine
bitcoin.com
US Court Sentences Russian Crypto Ransom Launderer to Probation and FineA Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the U.S. last year. Oregon Court Sentences Russian for Processing Ryuk Payments A Russian national […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Russia to Work With Digital Currencies of Other Nations

Bitcoin.com
Russia to Work With Digital Currencies of Other Nations
Bank of Russia
Russia to Work With Digital Currencies of Other NationsThe platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled. Digital Ruble Platform to Support Integration With Other CBDCs, Bank of […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements

Bitcoin.com
Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements
Bank of Russia
Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto SettlementsBank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental use of cryptocurrencies in foreign economic activities, its head was quoted as saying. Russia’s Central Bank ‘Actively Working’ With Turkey on New Payment Gateways The […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

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