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Russia’s new law, effective Sept. 1, 2025, reportedly allows banks to cap ATM withdrawals at $600 (50,000 rubles) for 48 hours if transactions appear suspicious—a move aimed at curbing financial fraud. However, experts warn that the legislation will significantly disrupt cryptocurrency trading, especially for small exchange offices and peer-to-peer platforms that rely heavily on cash. … Read more
Russian President Vladimir Putin stressed that most of the trade between the two countries is settled using yuan and ruble-based payments, leaving the dollar behind. He noted that Sino-Russian trade had risen by $100 billion, and they were still working to dismantle trade barriers. Putin: Local Currencies Take Control of Sino-Russian Trade, Dollar Relegated President … Read more
According to figures from the Chinese General Administration of Customs, trade between China and Russia reached its highest point in July, despite the threat of secondary tariffs on Russian oil purchases. China is one of the largest purchasers of Russian crude. China-Russia Bilateral Trade Numbers Hit $19.14 Billion in July Bilateral trade between China and … Read more
Nuclear tensions are spiking as Washington abandons diplomacy for military posturing, with Ron Paul warning that reckless responses to rhetoric are reviving Cold War dangers. Nuclear Risks Climb as Washington Trades Dialogue for Deployment, Warns Ron Paul Former U.S. congressman and well-known advocate for liberty Ron Paul wrote in his weekly column, published on Aug. … Read more
Jeffrey Sachs warned that the Trump administration’s potential future secondary sanctions on China’s trade relations with Russia could lead to a catastrophe for the U.S. economy. Sachs believes that the world would turn its back on America if this were to occur. Jeffrey Sachs Warns Against Enacting Secondary Trade Sanctions Against China Trade dynamics between … Read more
According to State Duma Deputy Anton Nemkin, it is only a matter of time before Whatsapp is blacklisted in Russia. Nemkin explained that the app, owned by Meta, has not complied with the requirements of the Russian government, resulting in a “legal breach of national security.” Whatsapp to Be Blacklisted in Russia, State Duma Deputy … Read more
Russia’s largest lender, the state-run Sberbank, revealed Thursday that it plans to launch custody services for Russian crypto holdings, according to Reuters. With this step, Sberbank aims to claim a pivotal position in the country’s shifting digital asset space. Sberbank Responds to Foreign Custody ‘Risk’ in Russia According to a Reuters report, the announcement follows … Read more
After peaking above $123,000 on July 14, bitcoin fell to around $116,221 before stabilizing above $117,000 by July 15. Traders are advised to monitor the support zone between $117,000 and $116,300, as maintaining this level could lead to a rebound. Geopolitical Tensions Blamed for Pullback Hours after breaching the $123,000 mark on July 14, bitcoin … Read more
Dollar dominance faces a historic reckoning as looming U.S. tariffs on BRICS nations risk accelerating de-dollarization and fueling a rapid pivot to rival financial systems. US Tariff Threats Could Backfire as BRICS Strengthens Parallel Financial System Mounting economic divergence between major global powers is accelerating the shift toward a multipolar trade system and eroding traditional … Read more
Russia has created a comprehensive register of cryptocurrency mining equipment, which aims to identify electricity consumers involved in mining, facilitating special regulations and taxation. Combating Unregistered Mining Operations The Russian Ministry of Energy, Federal Tax Service (FTS), and Ministry of Digital Development have reportedly compiled a comprehensive register of cryptocurrency mining equipment. Deputy Energy Minister … Read more