Russia

Russia Bans Crypto Mining in 10 Regions Within the Country

While people’s interest in crypto is increasing ever, Russia has decided to ban the mining activity in 10 regions across…

2 years ago

Putin Signs Bill Recognizing Bitcoin as Property in Russia

Russia has made a significant move in the crypto world by officially recognizing Bitcoin and other digital currencies as property…

2 years ago

Russia Proposes 15% Tax on Crypto Income to Regulate Sector

Russia is taking steps to regulate its growing cryptocurrency sector by proposing a 15% tax on earnings from crypto transactions.…

2 years ago

BRICS Members Hoping to Develop a Digital “BRICS Pay” Cryptocurrency International Trade System

With the upcoming annual BRICS Summit in Kazan next week, speculation about a potential gold-backed digital currency and alternative payment system…

2 years ago

Russia Passes Bill to Legalize Crypto to Dodge International Sanctions

Russian lawmakers voted to legalize cryptocurrencies for international settlements in an apparent effort to dodge sanctions imposed by Western countries.…

2 years ago

U.S. Treasury Official Targets Tether USDT Stablecoin in Russian Sanction Evasion

US Treasury Deputy Secretary Adewale Adeyemo said Russia was increasingly using alternative payment mechanisms like Tether’s USDT stablecoin to bypass economic sanctions, according to his written…

2 years ago

BRICS Group Collaborates on Independent Payment System Using Blockchain and Digital Currency

BRICS member Russia announced the creation of a new blockchain-based payment system on March 5th. The blockchain and cryptocurrency-based payment…

2 years ago

Detaching From The Dollar: BRICS Inducted 5 New Countries in January 2024 Including Saudi Arabia, the United Arab Emirates, Egypt, Iran, and Ethiopia

BRICS inducted five new countries in January 2024 including Saudi Arabia, the United Arab Emirates, Egypt, Iran, and Ethiopia. Argentina…

3 years ago