Russian authorities are moving towards greater acceptance of Bitcoin mining as a recognized economic activity, with plans to assign specific OKVED codes to mining operations. This step aims to bring…
Browsing: Russia
The President of Iran, Ebrahim Raisi, who is also a key member of the BRICS alliance has reportedly died from a helicopter crash that occurred in the Northwest region of…
The US Dollar dominance is under threat as the BRICS discuss the creation of an independent payment system and de-dollarization. According to the Rich Dad Poor Dad author, Robert Kiyosaki,…
Presidents of the two leading economies in the world and pioneers of the BRICS alliance have met in person for a two-day summit aimed at strengthening their ties. The two…
The US Treasury undersecretary has highlighted Russia’s alleged use of Tether (USDT) to bypass international sanctions and finance its military activities. Adewale O. Adeyemo has urged policymakers to grant the…
BRICS alliance becomes stronger as 36 more developing countries apply to become members in a bid to ditch the US dollar. A Russian diplomat has also proposed the creation of…
Russian legislators want to ban retail crypto mining in favor of industrial players. The country has been one of the most friendly to the sector, including offering incentives to attract…
According to Andrey Kostin, CEO of VTB Bank, significant changes are occurring in the global economy. JPMorgan recently highlighted emerging signs of de-dollarization in the global economy. Andrey Kostin, CEO…
VTB Bank CEO, Andrey Kostin, criticizes actions blocking Russia from accessing gold and foreign exchange reserves. China recognizes the limitations of maintaining the yuan as a non-convertible currency. During a…
Russia rescinded its decision to create a National Bitcoin Exchange. The country has decided to rather focus on regulations to control crypto exchanges. Russia was earlier reported to be working…
Bitcoin has already been adopted by many countries as a form of payment amid heightened mainstream adoption. Russia has been accused by the West of using Bitcoin to evade international…
Russia’s Sberbank will launch its Ethereum-based DeFi platform come May. What is in store for Ethereum’s price after the launch takes place? Russia’s biggest bank Sberbank is in the news…
President Putin called for crypto and blockchain-based payment system without any influence of banks or any third party. He also lashed out at the existing payment systems calling them a…
Lawmakers in Russia have approved a draft law that could potentially exempt digital assets and crypto issuers from Value-Added Tax (VAT). Morocco is also reviewing its money laundering and anti-terrorism…
“The question is when this will happen, how it will happen, and how it will be regulated,” an official said regarding crypto legalization in Russia. The nation’s central bank and…
The Finnish government has pledged to donate a significant portion of Bitcoin seized from a criminal investigation relating to doping and drug trafficking to Ukraine. According to a report, the…
A Reuters investigative report claims that Binance cozied up with the Russian government and betrayed user trust by sharing data with the government. The report claims that Binance was seeking…
Russian Cabinet of Ministers introduced in the State Duma a bill on taxes on transactions with digital assets. The cryptocurrency community has celebrated this news. Some provisions of the draft…
Japan is set to revise its crypto exchange laws in a move meant to curb any loopholes that Russia could exploit to evade crippling Western sanctions. The country’s Prime Minister…
The deputy minister for energy has called on the government to resolve the legal ambiguity around crypto mining and make it legal as soon as possible. The call comes at…