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Russian President Vladimir Putin said there is a need for a new and independent international settlement system amidst the sanctions and restrictions placed on his country. President Putin said the new system would…
The lower chamber of Russia’s parliament – State Duma – has reportedly started working on a draft bill that could aid the creation of a “national crypto exchange.” The platform needs the approval…
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The European Union (EU) doubled down on previous sanctions against Russia which limited bitcoin and cryptocurrency transactions resulting in an outright ban against all transactions, per a statement from the European Commission. “The…
The Ministry of Finance of the Russian Federation plans to let any industry in the country to accept bitcoin and cryptocurrencies for international trade without restriction, per a report from local media outlet…
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Russia’s central bank and Ministry of Finance have agreed on legislation to enable cross-border payments using cryptocurrency, according to a report from the Russian outlet Kommersant on Wednesday. The policy change is reportedly…
Russia may begin accepting bitcoin and some cryptocurrencies as payment for international trade in 2023, per a report from local media company Izvestia. The announcement of a timeline for the usage of the…
Russia is close to pushing legislation for the use of cryptocurrency in international trade.In current conditions “it is impossible to do without cross-border settlements in cryptocurrency,” the Bank of Russia and Ministry of…
The Bank of Russia, the country’s central bank, has reportedly admitted that cross-border payments in crypto are inevitable in the current geopolitical conditions. The Russian central bank has been rethinking the approach to…