Global #Russia

In a surprising policy shift, the Russian government is reportedly set to reverse its stance on banning cryptocurrency exchanges. Lawmaker Anton Gorelkin, Deputy Chairman of the State Duma’s Committee on Information Policy, has revealed that Russia will no longer attempt to halt the “circulation” of cryptocurrencies within the country.

The geopolitical landscape is undergoing a significant transformation as China and Russia accelerate their adoption of digital payments for trade.

Russia's central bank digital currency (CBDC), the digital ruble, has hit a snag on its road to international integration. A recent statement by a Russian lawmaker revealed that the digital ruble won't be ready for cross-border transactions until 2026.

Russian authorities have cracked down on cryptocurrency mining in a recent raid, seizing a staggering 500 crypto mining rigs from a facility believed to be a major Bitcoin mining hotspot.

In a move to counter the effects of Western sanctions, Russia has unveiled a new crypto payments system designed to facilitate cross-border transactions.

Russia is reportedly taking significant steps towards integrating Bitcoin and other cryptocurrencies into its financial system. The Russian Ministry of Finance, in collaboration with the Moscow Stock Exchange and the St. Petersburg Stock Exchange, has proposed allowing traditional exchanges to offer cryptocurrency trading services to qualified investors.