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Russian Public Officials Must Now Declare Their Crypto Holdings as Income


Public officials in Russia will now be required to declare all the crypto assets they hold as income. The measures are with effect from Jan. 1, 2021, local media reported. Russia’s prosecutor general Igor Krasnov declared: “Starting next year, civil servants will be required to declare...

Russia and China De-dollarization Approaching ‘Breakthrough Moment’


China and Russia are collaborating to reduce their dependence on the U.S. dollar. Trade settlements in USD between the two countries have fallen below 50% for the first time. De-dollarization in Russia and China The dollar’s share of trade between Russia and China was only 46% of settlements...

Putin Signs Law Giving Cryptocurrency Legal Status in Russia


Russia’s bill to regulate cryptocurrencies has been signed into law by President Vladimir Putin. The new law gives legal status to cryptocurrency but prohibits its use as a means of payment. Russian Crypto Bill Signed Into Law Russian President Vladimir Putin signed into law Friday the bill...

Putin’s Biggest Critic Received 648 Bitcoins from Donors Since 2016


Source: a screenshot, Instagram/navalny Russian “anti-corruption” political activist Alexei Navalny’s support organization has amassed USD 3.3 m worth of bitcoin (BTC) in donations, per a new report. Navalny is known as one of President Vladimir Putin’s most vociferous critics and his Shtab Navalny...

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