Global #Russia

Russia is poised to begin trials for crypto exchanges starting September 1, as part of a strategic move to mitigate the impact of international sanctions. According to Bloomberg, citing knowledgeable sources, these trials will focus on enabling conversions between rubles and cryptocurrencies through the National Payment Card System, which is regulated by the Bank of Russia.

In a strategic push to bolster its foreign economic activities and advance de-dollarization, Russia is set to launch two significant cryptocurrency exchanges.

​In a strategic move to enhance its role in the global cryptocurrency market, Russia is set to launch new crypto exchanges and explore stablecoin options tied to the Chinese yuan and BRICS currency basket.

The Russian Senate has passed a landmark bill on cryptocurrency mining, paving the way for it to become law pending President Vladimir Putin's signature.

Recent reports have highlighted significant developments regarding international detainees and potential prisoner exchanges. According to Bloomberg, journalist Evan Gershkovich and Marine Paul Whelan are being relocated from Russia to undisclosed locations.

In response to escalating international sanctions impacting its financial landscape, Russia is intensifying efforts to regulate cryptocurrency usage.