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Digital Token Issued In Russia to Facilitate Investments in Palladium


Transactions with digital assets backed by precious metals are beginning in Russia with the launch of a token for palladium. The rare metal, which is used in jewelry and has some high-tech applications, is not a publicly available asset in the Russian Federation. Atomyze and Rosbank Issue Digital...

Here’s Why Russia Has Issued a New ‘Crypto Payments Ban’


Vladimir Putin, the president of the aggressor state of Russia, has signed a new law that will ban the use of cryptoassets and other “digital assets” in the payments space – even though crypto pay is already illegal in the country. The use of cryptocurrencies as a means of payment was prohibited...

Fearing Unity And Unreal Abandonment, Russia May Build Its Own Game Engine


Russia is looking into the possibility of developing a national video game engine to support the country’s developers should American companies like Unreal Engine creator Epic Games and Unity Technologies refuse to do business with them over the Russian government’s ongoing assault on Ukraine...

Putin Signs Law Prohibiting Payments With Digital Assets in Russia


President Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating the use of DFAs, a legal category currently covering cryptocurrencies, as “monetary...

Bank of Russia Says Stablecoins Are Not Suitable for Settlements


The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for payments. The monetary authority reacted to a statement by a top finance ministry official who suggested that his department would support the development of Russian stablecoins....

UN Report: Venezuela Ranks Third Among Countries With Most Crypto Adoption


Venezuela, one of the first countries in Latam to be considered “crypto-friendly” by some standards, has ranked third in adoption rates, according to a report issued by the United Nations. The report, issued last month, states that the cryptocurrency ecosystem has grown by 2,300%...

Russia’s Finance Ministry Supports Circulation of Stablecoins in Country


The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurrencies could lay the ground for a new financial system, the department is unsure if it will...

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