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Testing of the digital ruble has started in Russia with the country’s central bank announcing the first complete transactions between individual wallets. The monetary authority, a staunch opponent of cryptocurrencies, says its digital currency will create new opportunities for citizens, businesses, and the Russian state. Digital Ruble Transactions Carried Out by Commercial Banks and Bank … Read more
Following yesterday’s rally in crypto, prices consolidated on Wednesday, as markets were once again fearful of escalating tensions between Russia and Ukraine. The uncertainty came as NATO reported that Russia was increasing troops on the border, as opposed to sending some home. Bitcoin BTC, which looked set for a breakout of the $45,000 level yesterday, … Read more
Bank of Russia governor Elvira Nabiullina previously argued that banning Bitcoin in Russia was “quite doable.” Go to Source Powered by WPeMatico
The growing popularity of cryptocurrencies has placed Russia among the leaders in adoption. But while it is yet to reach the top of the ranking, the country already has a “disproportionate share” of global activity related to some forms of crime involving cryptocurrency, according to a new study by Chainalysis. Three Quarters of Ransomware Revenue … Read more
Following four consecutive sessions of declines, bitcoin rallied late on Monday, into Tuesday, as it was reported that Russia was withdrawing some troops from the Ukrainian border. Overall, crypto markets are up close to 5% on the day. Bitcoin BTC finally rebounded during Tuesday’s session, as bulls once again re-entered the race to $45,000. Following … Read more
The Bank of Russia reports on the first digital ruble tests as planned but continues to fight against Bitcoin adoption. Go to Source Powered by WPeMatico
The proposal aims to recognize crypto mining as a commercial activity and introduce taxes on its realized profits. Go to Source Powered by WPeMatico
Russian hackers allegedly netted a profit of more than $400 million through crypto-ransomware in 2021. Go to Source Powered by WPeMatico
As U.S. Congress continues its crypto education at a measured pace, states race to explore the benefits of financial innovation. Go to Source Powered by WPeMatico
Russian authorities are not going to allow cryptocurrency lending, the finance ministry has announced, clarifying its proposals for crypto market regulation. The treasury department also revealed that not all cryptocurrencies will be available to Russian investors under the new rules. Russian Government to Restrict Investor Access to Crypto Assets Authorities in Moscow are not planning … Read more
