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Nalezeno "russia": 2455

$2.3 Billion in Dollar, Euro Bills Shipped to Russia Despite Ban


Despite Western restrictions imposed after Russia invaded Ukraine, billions of dollars and euros in banknotes have flowed into the country. This suggests that Russia has found ways to circumvent these restrictions. Despite official efforts to reduce reliance on foreign currency, Russian citizens...

Putin Signs Law to Regulate Crypto Mining in Russia


Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework for mining operations, limiting participation from entities associated with...

Iran Backs Russia on BRICS Single Currency Initiative


Iran plans to support Russia’s initiatives on creating a BRICS single currency and expanding national currency payments within the bloc, according to Iran’s Ambassador to Moscow, Kazem Jalali. The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring the creation of a...

Bank of Russia Expects Wide Adoption of Digital Ruble Within 5 to 7 Years


Elvira Nabiullina, the governor of the Bank of Russia, declared that she expects the digital ruble, the Russian CBDC, to achieve a high level of acceptance due to the benefits it offers to Russian citizens. During a speech at the Federation Council, Nabiullina stated that it would be widely adopted...

El Salvador Proposes Settling Trade With Russia in Crypto


According to local media, El Salvador has proposed using crypto to settle trade with Russia. Alexander Ilyukhin, the first secretary of the Russian embassy in Nicaragua and head of the office in El Salvador, said the measure would simplify trade dealings, considering El Salvador recognizes Bitcoin...

Russia Legalizes Use of Bitcoin for Cross-Border Payment


Russia has been a paragon of adopting crypto following the sanctions it faced during the war with Ukraine. The country has been witnessing increased use of digital assets not only among its citizens but also at the government level. In line with this, the Russian State Duma Committee on Financial...

Russia Advances Cryptocurrency Mining Bill


Russia’s State Duma has advanced a bill to regulate cryptocurrency mining, aiming to curb illegal activities and promote investment and employment. Proposed by the chairman of the Duma Committee on Financial Markets and supported by key deputies, the bill mandates strict guidelines...

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