Russia Accelerates Crypto Payments to Evade Sanctions
Russia is developing a crypto payments system to facilitate international trade amidst sanctions, with a focus on mitigating transaction risks and maintaining domestic crypto restrictions.
EdmundRussia is developing a crypto payments system to facilitate international trade amidst sanctions, with a focus on mitigating transaction risks and maintaining domestic crypto restrictions.
EdmundPutin's economic strategy for Russia weaves control, resilience, and strategic adaptability. As he guides Russia through challenging geopolitical terrains, his economic playbook evolves, reflecting the forthcoming challenges and opportunities. The upcoming presidential election, though lacking genuine competitiveness, remains a pivotal moment in Putin’s economic narrative, potentially shaping the next chapter in Russia’s economic journey under his leadership.
Huang BoThe recent surge in XRP whale activity and growing investor interest indicate a potential positive shift in the XRP market. While predictions of a substantial price surge persist, the current trading status suggests a cautious approach. Investors and enthusiasts will be closely monitoring market developments for further insights.
BerniceThe government will instead focus on regulating the industry and supporting existing exchanges.
BeincryptoDeputy Chairman of the State Duma Alexander Babakov suggested that the three countries should trade using a common digital currency.
LedgerinsightsThe Bank of Russia’s digital ruble pilot was originally scheduled to start on April 1.
LedgerinsightsRussia is taking a step further by launching a national cryptocurrency trading platform to keep the asset class under official supervision.
CoinCultureThe country's prosecutor general office blacklisted the world's third-largest crypto exchange by volume, according to the public data.
OthersThe country's central bank, Bank of Russia, has reportedly admitted that cross-border payments in crypto are inevitable in the present geopolitical conditions.
OthersCryptocurrencies can be used in cross-border or international payments only if they don’t get into Russia’s domestic financial system, the Bank of Russia governor said.
Cointelegraph