Russia is using cryptocurrencies like Bitcoin, Ethereum, and Tether in its oil trade with China and India to bypass Western sanctions. Some Russian oil companies convert yuan and rupees into…
Browsing: Russia
Russia is reportedly using cryptocurrencies for oil trade with China and India, according to four anonymous sources who declined to be identified due to the issue’s sensitivity. This move comes…
Russia is moving forward with a gold digital asset pilot to find advanced payment solutions for the BRICS bloc. BRICS member states risk tariff hikes from the US amid a…
Tether froze over $28M in Garantex wallets, forcing the Russian exchange to halt withdrawals amid growing regulatory scrutiny.
Russia’s Finance Ministry confirms it won’t add crypto to the National Welfare Fund, keeping its focus on yuan and gold for stability.
Russia and India now conduct nearly 90% of direct transactions in national currencies, strengthening financial ties and reducing reliance on the U.S. dollar. India-Russia trade surged 8.6% to $64.5 billion…
Russia’s Investigative Committee has proposed amendments with the aim of regulating the seizure and freezing of cryptocurrencies in criminal cases, addressing gaps in existing legislation. Legal experts in Russia are…
Rosseti, Russia’s state-owned electricity giant, intends to convert surplus energy into profit by utilizing idle power for Bitcoin mining, effectively repurposing excess electricity for the country’s grid. Rosseti aims to…
Russia and Iran have joined forces to create an alternative to the SWIFT payment system, aiming to bypass the international financial network controlled by the West. Both countries plan to…
Russia is moving forward with a proposal that mandates banks and merchants to implement the digital ruble, the nation’s central bank digital currency (CBDC), via legislation introduced in the State…
Russia is not planning a strategic Bitcoin reserve for now but is open to it in the future. Japan has kicked against the Bitcoin Reserve, but the US remains open…
Russia will enforce a six-year ban on crypto mining in ten regions starting January 2025. New laws require Russian miners to register assets and disclose wallet information for better oversight…
Olga Skorobogatova, key figure behind Russia’s digital ruble, resigns, marking a shift in its CBDC leadership. Russia tightens cryptocurrency mining laws in occupied Ukraine, citing energy concerns during fall and…
Russia bans crypto mining in occupied Ukraine regions to tackle energy shortages during fall and winter. The new law enforces stricter control on mining, allowing only registered entities and imposing…
Russia’s new law enforces stricter control over crypto mining, allowing only registered entities to mine and imposing regional restrictions. The government now monitors cryptocurrency mining activities, aiming to prevent money…
Russia is proposing the use of multicurrency payments in BRICS to minimize the dependence upon the US dollar. Russia proposes using blockchain to minimize expenses and dependence on the conventional…
Russia has legalised crypto mining in the latest move geared toward sanctions evasion and overtaking the US as the global crypto hub, says Chainalysis. Reports say that the country will…
According to reports, Russia’s Bitcoin mining in 2023 brought 54,000 new Bitcoin (BTC) into circulation, generating a tax revenue of $556 million for the government. The country is expected to…
The BRICS Pay platform to launch at the 2024 BRICS Summit aims to reduce reliance on the U.S. dollar in global finance. The platform could challenge Western financial systems like…
Russia is set to start a trial for cross-border payments in digital tokens in September to ease the pain of crippling sanctions, sources tell Bloomberg. Only a scalable blockchain network…