Russia News

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.

 

Analysis
Bitcoin looks suitable for Russia’s crypto cross-border payments at first glance, but there are many reasons why such a choice is highly questionable.
Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis
Helen Partz
2022-09-29T12:30:00+01:00
2936
News
A major bank in Kazakhstan has completed its first purchase of crypto for fiat and the president is ready to approve exchange activities.
Kazakhstan ready to legalize crypto as Russians flock to the country
Helen Partz
2022-09-29T11:04:32+01:00
4308
News
Russia is currently in the pilot phase of its CBDC development and is expected to complete the development by early next year.
Russia aims to use CBDC for international settlements with China: Report
Prashant Jha
2022-09-27T09:11:57+01:00
4796
Breaking news
The views of the NSA whistleblower, who has been in Russia since 2013, seemingly clash with those of President Vladimir Putin, who has often worked against prom...
Pro-centralization Russian president grants citizenship to Edward Snowden: Report
Turner Wright
2022-09-26T17:43:39+01:00
1647
News
Deputy Finance Minister Alexei Moiseev said the policy describes "how to acquire cryptocurrency, what can be done with it" and its use in cross-border settlemen...
Russian officials approve use of crypto for cross-border payments: Report
Turner Wright
2022-09-22T15:46:50+01:00
9913
News
The bill amendment demands the Secretary of State submit reports to congressional committees explaining why the State Department made the determination to pay o...
Congress demands crypto payments notification from State Department when helping Ukraine
Arijit Sarkar
2022-09-20T10:38:21+01:00
1700
News
According to the Treasury Department, members of the sanctioned group fought alongside Russia’s military, including near territory Ukrainian forces reclaimed on...
US Treasury sanctions 5 crypto addresses connected to Russian neo-Nazi paramilitary group
Turner Wright
2022-09-15T22:28:36+01:00
2937
News
Russia might become the first country in the world to allow cross-border crypto payments while banning local crypto payments, a fintech expert in the Russian St...
Russia aims to set rules for crypto cross-border payments by year’s end
Helen Partz
2022-09-13T10:19:15+01:00
2308

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