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Russia

Russias Former President Dmitry Medvedev Banning Crypto May Lead to the Opposite Result

Draft legislation for the digital Ruble forwarded by legislators in Russia

A group of Russian legislators, headed by Anatoly Aksakov, Chairman of the Financial Market Committee, have proposed draft legislation to create the digital Ruble that the Bank of Russia will issue. The bill outlines the necessary changes to establish the conditions for introducing the central bank-backed currency (CBDC). The proposed draft legislation According to reports, the main […]
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Former president of Russia says collapse of global financial system will accelerate crypto adoption

Dmitry Medvedev, the former President of Russia, believes that a worldwide financial collapse will result in widespread acceptance of cryptocurrencies. He predicts that both the US dollar and the euro will become less influential as reserve currencies. In a December 26 thread on Twitter, Dmitry Medvedev said the failure of the Bretton Woods monetary control […]
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Russias Former President Dmitry Medvedev Banning Crypto May Lead to the Opposite Result

Russia to legalize crypto for international trade

Russian officials announced that the country will legalize the use of cryptocurrency for international trade in January 2023 in a move to circumvent the Western sanctions. The congressional finance committee chairman, Anatoly Aksakov, said that although bitcoin (BTC) and cryptocurrency will be permitted for international trade, their use as a means of payment within the […]
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