Russia Advances Cryptocurrency Legalisation for Cross-Border Transactions
Russia paves the way for global financial transformation, announcing plans to legalise cryptocurrencies like Bitcoin for cross-border transactions.
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Russia paves the way for global financial transformation, announcing plans to legalise cryptocurrencies like Bitcoin for cross-border transactions.
The country's prosecutor general office blacklisted the world's third-largest crypto exchange by volume, according to the public data.
Cryptocurrencies 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.
Backed by a sanctioned Russian oligarch, Atomyze became Russia’s first legal digital asset manager, obtaining registration from the central bank in February 2022.
Russia's central bank sees the digital rubble as the only technological payment option to support.
The monetary authority will allow the use of cryptocurrencies for foreign trade, a senior central bank official said at a news conference.
Since January 1 of last year, cryptocurrencies have been legal in Russia, however they cannot be used to purchase goods ...
Putin said excess electricity and well-trained personnel gave Russia a "competitive advantage" in cryptocurrency mining.