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Bank of Russia Tests Services Related to Cryptocurrencies


Russia’s central bank has examined three platforms offering crypto-related services. The projects have been tested in its regulatory sandbox in the course of 2020. Bank of Russia has received dozens of requests to pilot various financial services since it created the closed regulatory...

Survey: 14% of Russians Think Cryptocurrencies Will Oust Fiat in 10 Years


A new survey revealed the different stances of Russians toward cryptocurrencies and fiat currency. Specifically, some of the respondents believe digital assets will replace fiat in ten years. Residents in Moscow Believe Cryptos Will Replace Fiat, While Others Are Skeptical According to Nord News...

Russia Wants to Use the Digital Ruble to Power its USD Purge


The politician charged with putting together Russia’s crypto regulation legislation and forming the nation’s financial policy has spoken about the need to purge the United States dollar from the economic system – and has called the forthcoming digital ruble a “higher form of money.” Speaking in...

MP Claims that Russia’s Crypto Tax Threshold Is Subject to Change


Russian parliamentarians could be set to alter the soon-to-be-imposed legal threshold for crypto tax declarations, a State Duma committee member has conceded. As previously reported, lawmakers have previously voted in favor of a bill that would force crypto traders to declare total annual earnings...

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