Russian President Vladimir Putin Approves Russian Cryptocurrency Mining Law
Russia’s cryptocurrency mining law has now been approved by President Vladimir Putin and will come into full effect on September 1.

Russia’s cryptocurrency mining law has now been approved by President Vladimir Putin and will come into full effect on September 1.
Russia to ban cryptocurrencies in September to protect ruble. CBDC pilot ongoing, potential adoption by 2025.
Despite projections of Bitcoin's decline following the digital ruble's launch, uncertainties persist, with the Russian Central Bank emphasizing ongoing pilot testing and a launch not expected before 2025.
Discover the strategic implications of Binance's recent decision to discontinue Russian Ruble (RUB) services. Understand the impact on users, the reasons behind this significant move, and the subsequent shifts in the global crypto market landscape.
Finance Minister Anton Siluanov outlined plans to use the digital ruble for "social payments" and "subsidies."
Binance Russia users will have only until 31 January 2024 to withdraw their rubles from the exchange.
Currently in real-world testing, the digital ruble is being piloted with a select group of consumers and involves the participation of 15 Russian commercial banks and a small number of small- and medium-sized retailers.
Daily trading volume between USDT and RUB reached almost $15 million shortly after the start of the riot.
The Bank of Russia’s digital ruble pilot was originally scheduled to start on April 1.
In an immediate response to rising fiat inflation, Russia's central bank doubled its key interest rate on Monday to 20 percent from 9.5 percent.