Bitcoin's surge to $67,000 has given bulls an advantage in Oct. 22's $1.8 billion BTC options expiry.
Russia is the globe’s most sizable country in terms of land. On a map, Russia sits above Kazakhstan, Mongolia and China. Russia dwarfs China in geographic coverage, but not in terms of population — although Russia still lies among the globe’s most populous countries. The country is also known as the Russian Federation. The ruble serves as Russia’s national currency.
When it comes to Russia, cryptocurrency is still developing as a scene as the country evaluates its regulatory stance on various aspects of the asset class. In Russia, Bitcoin and other crypto assets are not an acceptable form of payment under the country’s regulatory climate, however. Owning cryptocurrency is also prohibited for folks working in certain government positions.
The U.S. Treasury asked cryptocurrency companies to ensure compliance with sanctions last week.4380
Russian authorities continue to show increasing interest in cryptocurrencies as Bitcoin nears a new all-time high.5716
Last week, the Russian president said it was “a bit early” to use cryptocurrencies to settle oil trades.17432
The Bank of Russia remains skeptical on crypto despite the Russian president viewing it as a potential unit of account.9523
Russia’s Irkutsk region saw its energy consumption rates surge by 160% following China’s crackdown on crypto mining.5196
The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.”5274
The U.S. now accounts for more than a third of the total Bitcoin mining activity, with Kazakhstan and Russia also becoming major locations.6981
- Russia doesn’t plan to follow in China’s footsteps by banning crypto outright, says deputy finance minister
Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade digital assets like Bitcoin.6661
The Bank of Russia also wants to slow down transactions to crypto exchanges to prevent “emotional” crypto purchases.6584
The exchange was previously known as BTC-e, though its name was changed to WEX following legal difficulties in 2017.6437
As Russia works to “more clearly prohibit the use of cryptocurrency,” the country’s largest data center operators aren’t really worried.3307
The Russian central bank is planning to slow down payments to crypto exchanges and combat suspicious crypto activity.4156
Countries vie for cryptocurrency miner business as Chinese miners move to greener pastures. Here's where they are ending up.22256
Russia is moving to regulate cryptocurrency mining after legitimizing the broader crypto industry in January.5886