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Elvira Nabiullina, Governor of the Central Bank of Russia, reaffirmed the institution’s position against the use of cryptocurrencies for domestic payments. Speaking at a recent press conference, Nabiullina stated, “We continue to believe that cryptocurrencies should not be used as…
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Former Binance CEO Changpeng ‘CZ’ Zhao creates a thread on X, showcasing news headlines that point to governments establishing strategic Bitcoin reserves, much like the plans introduced in the U.S. In a recent post, CZ shared a headline that showed…
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Bitcoin
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The Bitcoin strategic reserve has been an intensive issue in the past few months since Donald Trump announced these plans to the crypto community; now Russia has followed. Anton Tkachev, Duma state deputy of Russia, has urged the Minister of…
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Bitcoin
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Despite Bitcoin’s recent surge past $100,000, investors in Russia doubt the crypto will hit the $200,000 mark anytime soon. Bitcoin’s (BTC) rise past $100,000 has sparked excitement, though Russian investors aren’t counting on it hitting $200,000 this cycle, according to…
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Bitcoin
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Russian President Vladimir Putin reiterated support for Bitcoin and digital assets as the European powerhouse approached greater crypto adoption.
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Russian President Vladimir Putin has signed into law a federal bill introducing taxes on cryptocurrency transactions and officially recognizing cryptocurrencies as property. According to the official document published on Nov. 29, the legislation imposes a personal income tax of 13%–15%…
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Russian crypto holdings on centralized exchanges still worth billions despite volatility, Bank of Russia reveals. Russian crypto holdings on centralized exchanges still amount billions despite nearly a 16% decline comparing to March’s figures, per the Bank of Russia’s latest report.…
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Crypto is fueling a rise in complex money laundering schemes in 2024, the Eurasian Group on Combating Money Laundering warns in its latest report. Money laundering schemes increasingly rely on crypto and multi-layered methods in 2024, highlight the growing complexity…
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Increases in Bitcoin prices and recent crypto mining regulations have sparked an 8% rise in Russian internet traffic to major exchanges, data reveals. Internet traffic to major crypto exchanges in Russia surged 8% in early November, spurred by a sharp…
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Bitcoin
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The Russian Ministry of Industry has proposed a two-year transition period for implementing digital ruble payments in retail over infrastructure concerns. The Russian Ministry of Industry has called for a two-year transition period before the mandatory adoption of payments using…
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The key figure behind Russia’s central bank digital currency initiative has resigned from the central bank, ending her leadership role in the country’s digital currency initiative. A key mastermind behind Russia‘s central bank digital currency — also known as the…
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Bitcoin
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The Bank of Russia warns that tokenized real-world assets pose new risks, including market volatility and regulatory challenges. The tokenization of real-world assets remains in its early stages and currently poses no significant systemic risks. However, as the practice spreads,…
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Bitcoin showed resilience as the escalating tension between Ukraine and Russia signaled a shift in how investors perceive the digital gold. Ukraine attacked Russian territory with U.S. ATACMS missiles, fired at a military facility, after the Biden administration granted permission…
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Bitcoin
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The Russian government has greenlit draft amendments to a bill aimed at taxing crypto mining and transactions. Russia is moving forward with a draft amendment to its Bitcoin (BTC) mining legislation, introducing new tax rules for crypto mining, transactions, and…
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Bitcoin
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Russia may face an energy shortage in the next 10 years due to rapid Bitcoin mining expansion, a Kremlin official warns. Russia could experience an energy shortage within the next 5-10 years as crypto mining rapidly expands, a senior Kremlin…
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Eastern Europe sees growth in crypto usage as institutional and grassroots adoption rise in Ukraine and Russia, fueled by large transactions and retail use amid regional instability. Crypto adoption is accelerating across Eastern Europe, led by robust institutional and grassroots…
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