Russia's minister of industry and trade, Dennis Manturov, believes it's only a matter of time before crypto becomes a means of payment in the country, Reuters reported. Manturov...
In a world of collective identitarian movements, Bitcoin is perhaps the clearest embodiment of the liberal ideal of individual sovereignty.Natalie Smolenski is a senior advisor at the Bitcoin Policy Institute and executive director of the Texas Bitcoin FoundationRussia’s invasion of Ukraine took most of the world by surprise; it should not have. It is the logical and material result of a...
Recently, there has been speculation that Russia may start accepting bitcoin in exchange for oil. This would be a significant development, as Russia is a major player in the global oil market. If this rumor turns out to be true, it could have a major impact on the price of Bitcoin. Heck, even if it's not true, you know the old "buy the...
Cryptocurrency has remained a formidable asset for several individuals protecting and securing fiat currencies. This serves as a hedge to preserve your funds, significantly when situations could deflate a country's fiat currency. The recent turbulence in Russia from the Ukraine invasion has pushed most people to throw their money into cryptocurrency. As a result, the trading volumes between Bitcoin and the Russian ruble...
The Russian government published a document on Tuesday night outlining principles for regulating bitcoin and cryptocurrency in the country.Russia will follow the Ministry of Finance’s suggestion to regulate bitcoin and cryptocurrencies instead of banning them as previously recommended by its central bank.The Russian government published a document on its...
President Vladimir Putin argued in favor of bitcoin mining citing the competitive advantages it brings for the country, thus opposing the crypto mining ban recently proposed by the Central Bank following the pressure from Russia's Federal Security Service. The Crypto Ban The Central Bank of Russia has flirted with the possibility of a crackdown on cryptocurrencies for a while. Recently, the entity moved...
Putin's opponent received 3.7 bitcoin in the last week, tripling the amount raised in the first two weeks of 2021.
Russian civil servants must start reporting their crypto assets as the country's first crypto law comes into force in January.
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