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Nalezeno "russia": 2458

Reports Claim Russia Defaulted on Foreign Debt for the First Time in a Century, Kremlin Disagrees and Says It Paid

27.6.2022
According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had not received payments from the transcontinental country. However, Russia’s finance ministry denies the allegations and says the country made...

Ruble Hits 7-Year High, Bukele, O’Leary Unfazed by Crypto Downturn, Elon Musk Will Keep Buying DOGE — Bitcoin.com News Week in Review

26.6.2022
As sanctioned Russia’s fiat currency soars in value against the U.S. dollar, and crypto markets remain unpredictable, economists and crypto enthusiasts continue to puzzle and debate over what the next market move will be. In spite of this, several influential voices remain unperturbed when...

Bank of Russia Accelerates Schedule for Digital Ruble Project

26.6.2022
The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of 2023. Trials with real transactions and users are scheduled to begin next April, earlier than...

Hardware Worth $1.9 Million Stolen in Russia’s Crypto Mining Capital

25.6.2022
Russian law enforcement is looking into the alleged theft of mining hardware valued at around $1.9 million. The powerful computing equipment disappeared from a crypto mining hotel in Irkutsk, the owners of which have been accused of large scale fraud. 100 Russians Lose Mining Machines Worth...

Bill Imposing Fines for Illegal Issuance and Exchange of Digital Assets Proposed in Russia

24.6.2022
A bill introducing financial penalties for those who illegally issue or exchange digital financial assets has been filed in the Russian parliament. The legislation has been submitted by the sponsor of another draft law banning their use as a means of payment. New Bill Targets Russian Platforms...

Gold-Backed Stablecoin Can Help Russia Circumvent Sanctions, Government-Owned Bank Suggests

23.6.2022
Researchers at Russian bank VEB suggested the country issues a gold-backed stablecoin for international payments to evade sanctions

Russia to Trial Digital Ruble Settlements for Real Estate Deals

23.6.2022
The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts and transactions related to real estate and crypto asset purchases. Bank of Russia to Launch Smart...

Russian Ministry of Finance Says There’s No Place for Crypto in Oil Trading

23.6.2022
The Russian finance ministry has cast doubt on talk of the nation selling oil for crypto – but claims that blockchain-powered tokens could play an “alternative” role in the business dealings of smaller-scale exporters.... Read More: Russian Ministry of Finance Says There’s No Place for Crypto...

Ukraine Raises Over $100,000 From Cryptopunk NFT Sale

22.6.2022
The government of Ukraine has sold a Cryptopunk NFT donated in support of the war-torn country a few months ago. The token has been purchased by an unidentified buyer who spent more than $100,000 in ethereum for the collectible, the country’s digital transformation ministry said. Ukraine...

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’

21.6.2022
Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since...

Russian Finance Ministry Rules Out Sale of Oil for Bitcoin

20.6.2022
The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender. Crypto...

Sberbank to Conduct First Digital Asset Transaction on Own Platform

19.6.2022
Russia’s largest bank, Sberbank, is going to carry out the first transfer of digital assets on its own dedicated platform within a month, a top executive revealed this week. The announcement comes after earlier this year, the bank was authorized to issue digital financial assets. Sberbank...

Bitriver to Mine Crypto Using Excess Gas From Gazprom Neft’s Oil Extraction

18.6.2022
Russian crypto mining operator Bitriver will use electricity generated from associated gas provided by Gazprom Neft to mint digital coins. As part of a new agreement, the mining company will in return develop the digital infrastructure at the oil producer’s wells in Russia. Crypto Mining...

Uganda Claims Exploration Surveys Discovered 31 Million Metric Tons of Gold

18.6.2022
While gold is often considered a scarce asset, Uganda explained on Wednesday that recently conducted exploration surveys indicate that there’s roughly 31 million metric tons of gold ore waiting to be mined in the region. Moreover, a spokesperson from Uganda’s Ministry of Energy...

Russia seems to be preparing to mine Bitcoin with flare gas

17.6.2022
One of the world's largest producers of carbon emissions, the Russian gas giant Gazprom aims to reduce its carbon footprint by providing its flare gas for Bitcoin mining

Russian Central Bank Ready to Make Crypto Regulation Concessions, Hints Governor

17.6.2022
Russia’s Central Bank chief Elvira Nabiullina has stated that she is prepared to allow the nation to do business in crypto – as long as it does not enter the Russian financial system and is only used in international settlements. But the country’s finance ministry, which favors legalization...

Crypto Payments Possible if They Don’t Penetrate Russia’s Financial System, Central Bank Says

17.6.2022
Cryptocurrencies can be used for international payments if they don’t penetrate the Russian financial system, the head of Bank of Russia has stated. The governor also insisted that the digital assets should not be traded on platforms operating inside the country. Bank of Russia Chair Ready...