• Russia is considering making cryptocurrency a legal tender

    Russia is considering making cryptocurrency a legal tender0

    Russia has passed a new cryptocurrency law that, while not as strict as the previous prohibition, places strict restrictions on the use of cryptocurrencies as a form of cash. Denis Manturov, Russia’s Industry and Trade Minister, said on Thursday that the government and central bank will “sooner or later” legalize cryptocurrencies as a means of

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  • Some Russian Coinbase users have been warned that their accounts may be blocked

    Some Russian Coinbase users have been warned that their accounts may be blocked0

    According to the crypto page of the Russian business news portal RBC, some Coinbase users in Russia have received letters alerting them that their accounts will be suspended on May 31. According to the magazine, the corporation proposed that these customers remove their funds unless they present documentation proving that they are not subject to

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  • In 2023, the Bank of Russia will test digital ruble settlements

    In 2023, the Bank of Russia will test digital ruble settlements0

    According to the approved Financial Market Development Strategy of the Ministry of Finance, the full launch of the digital ruble. So, Russia’s central bank digital currency (CBDC), should take place before 2030. The Central Bank of Russia (CBR), on the other hand, aims to start testing it in settlements as early as 2023. That’s, according

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