Russia’s finance ministry suggests creation of ruble stablecoin post-Tether ban

Russia should be eyeing its own fiat-backed stablecoins, a senior finance ministry official has said. According to a Reuters report on April 16, Russia should unveil its own stablecoins after recent events related to the popular U.S. dollar pegged stablecoin… дальше »

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Макс Кайзер спрогнозировал превосходство «золотых» стейблкоинов над долларовыми 

Обеспеченные золотом стейблкоины превзойдут привязанные к доллару США альтернативы на мировых рынках. Об этом заявил телеведущий и основатель компании Heisenberg Capital Макс Кайзер.   A stablecoin backed by Gold would out-compete a USD-backed stablecoin on world markets: Russia, China, Iran should take note. дальше »

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Russia uses Crypto to Trade Oil with China and India, Develops BRICS Technology with Tether Stablecoin

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Russia using crypto to bypass sanctions in oil trade with China, India: report

Russia is relying on crypto in its oil trade with China and India to navigate Western sanctions. While traditional currencies like the Chinese yuan and Indian rupee remain dominant, digital assets such as Bitcoin (BTC), Ethereum (ETH), and the stablecoin… дальше »

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Russia considers launching trading platforms for stablecoins on domestic stock exchanges: report

Russia is set to launch two new crypto exchanges, one in St. Petersburg and another in Moscow, with a focus on stablecoin development. As sanctions continue to impact Russia‘s financial sector, the country is now planning to establish at least… дальше »

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Russia’s top metal producers reportedly turn to Tether for trades with China

Russia’s two largest unsanctioned metal producers have reportedly begun using Tether’s USDT stablecoin for cross-border transactions with Chinese clients and suppliers. Russian commodities giants have reportedly started using stablecoins to settle cross-border transactions with China as the U.S. Treasury Department… дальше »

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Hyperinflation Warning: US Bizman, Author Tells Businesses To Stack Bitcoin

Robert Kiyosaki, the author of the bestselling personal finance book “Rich Dad, Poor Dad,” has fired another financial warning shot, this time targeting the US dollar and a potential challenger – a gold-backed stablecoin from the BRICS nations (Brazil, Russia, India, China, and South Africa). дальше »

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US senators warn of countries using Tether to circumvent sanctions

Senators sent letters to several departments about Russia, Iran, and North Korea possibly using Tether's stablecoin to avoid U.S. sanctions. дальше »

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BRICS considering a stablecoin launch for international trade settlement

BRICS member nations plan to launch a stablecoin as an alternative to the US dollar for settling cross-border transactions. BRICS pushes de-dollarization with stablecoins The bloc, which includes Brazil, Russia, China, India, South Africa, UAE, Iran, Ethiopia, and Egypt, has debated using virtual assets for global settlement for a while. дальше »

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US 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 testimony on April 9 to the Senate Banking, Housing, and Urban Affairs Committee. дальше »

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Russia Turns To Stablecoins In Droves As Sanctions Bite Even Harder

Russians have hopped on stablecoins to circumvent Western sanctions to send trading volumes to new highs. The decision by SWIFT to kick out Russian banks from the network plays a role in the spike in stablecoin use. дальше »

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Russia witnesses surge in stablecoin usage post sanctions- Details inside

Russia has witnessed a rise in the usage of stablecoins after the EU and the U.S. imposed sanctions on Russian financial institutions and individuals following the Russian invasion of Ukraine, stated The post Russia witnesses surge in stablecoin usage post sanctions- Details inside appeared first on AMBCrypto. дальше »

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Russian stablecoin usage surged after Ukraine invasion: Report

According to Chainalysis data, Russia’s stablecoin usage has increased since the onset of the war, due partly to ordinary Russian citizens seeking to protect their assets. дальше »

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Crypto Market Forecast: Week of September 12th 2022

A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin has a strong Friday as the global investment community turns on risk-on, Russia works on building cross-border stablecoin payment solutions, and Ethereum moves closer to transitioning to Proof-of-Stake. дальше »

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Russia to Explore Cross-Border Stablecoin Settlements

Russia is considering stablecoins as an option for cross-border settlements, according to the country’s finance minister. Russia Could Use Stablecoins Russia could use stablecoins for international settlements. On September 6,... дальше »

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Russia Exploring Stablecoin Settlements With Friendly Nations: Report

President Vladimir Putin had signed a law banning digital payments earlier this summer. дальше »

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‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin

Backed by a sanctioned Russian oligarch, Atomyze became Russia’s first legal digital asset manager, obtaining registration from the central bank in February 2022. дальше »

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Gold-Backed Stablecoin Can Help Russia Circumvent Sanctions, Government-Owned Bank Suggests

Researchers at Russian bank VEB suggested the country issues a gold-backed stablecoin for international payments to evade sanctions. дальше »

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Circle’s CEO says the Russia-Ukraine crisis reveals the paradox of cryptocurrencies

The CEO of Circle, the company behind the USDC stablecoin, has referred to cryptocurrencies as a double-edged sword. Jeremy Allaire’s remarks come amid the heightened tensions between Russia and Ukraine. дальше »

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Russia’s State-Owned Bank, Sberbank, Files Papers to Launch Blockchain Platform for Stablecoin

According to local reports, Russia’s largest state-owned bank filed an application to the Central Bank of the Russian Federation seeking approval for its blockchain underlying its stablecoin, Sbercoin. дальше »

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Russia’s Sber Bank Files to Launch Its Own Stablecoin

Russia's largest retail bank has applied to become a licensed digital assets issuer. дальше »

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Russia’s Largest Bank Sberbank Looks to Launch Stablecoin under New Crypto Law

Coinspeaker Russia’s Largest Bank Sberbank Looks to Launch Stablecoin under New Crypto LawThe state-owned Sberbank's stablecoin will be functional on its native blockchain built using the Hyperledger Fabric infrastructure. дальше »

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Russia’s Sberbank Launches Blockchain on Hyperledger, Mulls Stablecoin in 2021

Russia's largest retail bank is launching a Hyperledger-powered blockchain for trade finance initially, and may add a ruble-linked stablecoin next year дальше »

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Russia’s State Owned Bank, Sberbank, Mulls Over Issuing A Ruble Pegged Stablecoin

Russia’s largest state-owned bank Sberbank is mulling over the idea of issuing their stablecoin reported a local daily. Many believe the decision was prompted by the recent signing of a new cryptocurrency law by President Putin. дальше »

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Russia’s Largest Bank May Issue Its Own Stablecoin

On the heels of new crypto legislation, Russia’s largest (and state-owned) bank is considering launching its own stablecoin to simplify blockchain transactions. A Stable Ruble Sergei Popov, director of Sberbank’s Transactions Business department, has raised the possibility of the issuance of digital tokens. дальше »

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Russia’s Biggest Bank Considers Launching Its Own Stablecoin

Shortly after Russia’s president, Vladimir Putin, signed the country’s recent cryptocurrency law, the country’s largest bank voiced its considerations. дальше »

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Russia Leads Multinational Stablecoin Initiative

Could Russian lead BRICS countries in finding innovative solutions to the functioning of the current global framework in transitioning to green economies

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Russia's regulatory 'sandbox' tests stablecoins

With China's advancement in the digital currency space and state-backed stablecoin, other countries are not particularly laying low in this matter. Russia is another country that has been prominent inThe post Russia's regulatory 'sandbox' tests stablecoins appeared first on AMBCrypto. дальше »

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Tether (USDT) is King, Used for Remittance By Chinese Importers

Tether (USDT) use, has been synonymous with institutional investors but is has a growing market in Russia. At least that is what we can glean from recent reports. The stablecoin, ranked as the seventh largest... дальше »

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Russian Arms Manufacturers Dodge US Sanctions With Bitcoin

Soyuzmash, the Union of Machine Builders in Russia, has asked the Central Bank for permission to accept Bitcoin and stablecoin payments for weapons deals. This, they claim, will help them to circumvent US and international sanctions. дальше »

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Oil coin, gold, nickel and palladium coins: Russian Norilsk Nickel launches stablecoin

The unique ability of cryptocurrencies to realize global payments is already used by several economies, mainly depressed or under sanctions. It seems that Russia intends to go this way – at the expense of nickel and palladium. дальше »

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Russia Will Not Legalize Facebook’s Cryptocurrency, Official Says

Russian politician Anatoly Aksakov said that the government has no plans to legalize Facebook’s long-awaited Libra stablecoin

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Russia will launch gold stablecoin – following Iranian PayMon (PMN)

Russia under the press of stifling international sanctions is looking for ways to conduct international settlements. A variant with crypto is being considered – this is reported by the Russian state news agency TASS with reference to Elvira Nabiullina, the head of the Bank of Russian. дальше »

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First Legal Cross-Border Physical Goods Purchase via Stablecoin

First international legal deal to buy Kakao friends have been made between South Korea and Russia.

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A Russian Stablecoin Would Be The Equivalent To Fiat Ruble In Digital Space, State Duma Chairman Affirms

Anatoly Aksakov, the chairman of Russia’s State Duma Committee on Financial Markets, has affirmed that a state-backed stablecoin would necessarily be the equivalent to a digital fiat currency in digital space that would be state-operated. дальше »

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Russia May Issue Ruble-Backed Stablecoin

The Russian Duma has yet to pass basic cryptocurrency legislation, but the government is already toying with the idea of a ruble-backed stablecoin.

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Norilsk Nickel To Launch A Precious Metal-Backed Stablecoin In Russia In 2019

Russia mining and metals giant firm Norilsk Nickel may launch its custom stablecoin next year according to reports from a local news outlet. The CEO of Nornickel, Vladimir Potanin said that the organization was planning to introduce a new stablecoin into the crypto market that will be backed by metals. Even though the mining firm […] дальше »

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Russia's Nornickel May Roll Out Stablecoin in 2019

Norilsk Nickel is planning a stablecoin backed by its metals, the launch tentatively set for next year.

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