Russia Will Lift Restrictions on Cryptocurrencies for International Transactions
The Bank of Russia has softened its position on cryptocurrencies and has agreed to the international use of such tools to circumvent economic sanctions.
The Bank of Russia has softened its position on cryptocurrencies and has agreed to the international use of such tools to circumvent economic sanctions.
The Russian government is exploring the possibility of supplying electricity to Kazakhstan for the needs of crypto mining companies.
The European Union is preparing a new sanctions package against Moscow.
The Central Bank of Russian believes it is impossible to recognize cryptocurrencies and stablecoins as means of payment.
The Ministry of Finance and the Bank of Russia have recently approved the final version of the regulatory framework for individuals and legal entities involved in cryptocurrency mining.
Crypto exchange BitMEX has decided to stop offering its services to Russian users to comply with the sanctions imposed by the European Union.
More than 2% of the total amount of electricity generated in Russian is consumed by citizens and companies involved in crypto mining.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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