Bank of Russia backs cross-border crypto payments vs. domestic trade

Cryptocurrencies can be used in cross-border or international payments only if they don’t get into Russia’s domestic financial system, the Bank of Russia governor said.

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Russia Is Open To Bitcoin, Crypto For International Payments

A senior official from the Central Bank of the Russian Federation said it is open to using bitcoin and other cryptocurrencies for international payments.

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Russia Goes Bullish On Bitcoin As It Mulls Using Cryptos For International Transactions

Russia’s ministry of finance is considering the possibility of using cryptocurrencies like Bitcoin in conducting international payments.

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Russia contemplates allowing crypto for international payments

Russia is considering embracing crypto for international payments to help counter the impact of western sanctions. The post Russia contemplates allowing crypto for international payments appeared first on CryptoSlate.

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Russia ‘Actively Discussing’ The Use Of Cryptocurrency In International Trade: Report

Russia’s Ministry of Finance is ‘actively considering’ the use of digital currencies for international payments, a government official reportedly said.

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Amid sanctions, Russia weighs crypto for international payments: Report

Moscow has adopted a positive stance toward digital assets after its invasion of Ukraine triggered a sharp response from Western nations in the form of sanctions.

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Russia will inevitably legalize crypto payments says trade minister

“The question is when this will happen, how it will happen and how it will be regulated. Now both the Central Bank and the government are actively engaged in this,” said trade minister Denis Manturov.

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U.S Treasury Sanctions Russian Bitcoin Miners

The Treasury department announced sanctions against companies and individuals who enable fiat payments or infrastructure for bitcoin mining in Russia.

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Russia To Legalize Crypto Payments, But Proposal Causes Internal Concerns

Per a report from local news outlet Kommersant, the Russian Ministry of Finance has completed a bill addressing crypto payments in the country. The document was obtained by the local news website and confirmed by two different sources.

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Russia should use crypto for payments with Africa, commerce exec says

Russia should deploy cryptocurrencies and CBDCs for settlement and payments with Africa, the president of the Chamber of Commerce and Industry believes.

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Market Wrap: Cryptos Rise as Russia Mulls Bitcoin for Oil Payments; Dogecoin Rallies

Bitcoin (BTC) is rising alongside a 6% rally in dogecoin (DOGE). Meme stocks are also outperforming in equity markets, reflecting improved appetite for risk among investors. DeFi tokens are lagging, but could catch up with broader upswings in price.

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Russian Lawmaker Suggests Nation Could Accept Bitcoin for Oil Payments

Under pressure from a host of Western sanctions, Russia is mulling other currency options for oil sales.

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Russia sanctions could push other countries to develop their CBDCs

Banking executive Hiromi Yamaoka believes that the conflict in Ukraine could influence central bank digital currencies (CBDCs) policy globally.   The former head of payments and settlements department at the Bank of Japan sees countries such as China exploring CBDCs to counter the dominance of US dollars.

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Russia and Belarus face crypto sanctions, Crypto.com hounds users for loan payments and Biden signs executive order on crypto: Hodler’s Digest, March 6-12

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War crisis presents historic occasion for cryptocurrency adoption

At this point, claiming Putin has done the unexpected is among the grossest of understatements. The Russia-Ukraine crisis has shocked the world. Since Russia’s invasion, the West has responded by imposing strict sanctions, including blocking Russia from the SWIFT payments network.

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Russia on the Brink of Being Kicked From SWIFT as Kyiv Heroically Holds

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President of Russia says crypto 'may exist as means of payment'

In an interview at the Russian Energy Week International Forum 2021, Russian President Vladimir Putin expressed uncertainty about the various use cases of cryptocurrency, other than for payments. He sThe post President of Russia says crypto 'may exist as means of payment' appeared first on AMBCrypto.

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Russian President Vladimir Putin Accepts Crypto Payments in Russia

Earlier today, Russian President Vladimir Putin announced that he accepts cryptos as a legitimate currency for making payments in Russia. In a recent interview, he said that he supports the adoption of digital currencies.

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It’s Still Early Putin Says on Bitcoin

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Russia doesn’t plan to follow in China’s footsteps by banning crypto outright, says deputy finance minister

Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade digital assets like Bitcoin.

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Shilling for the Man: Why MSM Hates Crypto

Nearly every day as of late, scary headlines herald the demise of cryptocurrencies while federal governments and regulators all over the world crackdown on the enigmatic digital assets. ‘SEC Working Overtime to Take Control of Crypto Markets’, ‘People’s Bank of China Rules All Crypto-Related Trading Illegal’, ‘Russia’s Central Bank Wants to Slow Down Cryptocurrency Payments’, ‘Indian Authorities Consider Taxing Cryptocurrency Trades’, to name a few.

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Bank of Russia wants to block ‘emotional’ and suspicious crypto activity

The Russian central bank is planning to slow down payments to crypto exchanges and combat suspicious crypto activity.

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Russian lawmakers to allow the use of crypto in contractual payments

The members of the lower house of Russia’s parliament, Duma, are working amending on crypto laws in the country. These amendments seek to allow the use of cryptocurrencies in settling contracts.

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Russian illegal online casinos switched to payments in bitcoins

Illegal online casinos and bookmakers in Russia actually stopped working due to problems with accepting payments. Bitcoin is the only payment method available to them.

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Digital Ruble Could Be a Reality in a Few Short Years, Says Russia

Russia’s government says that a Russian ruble will come about in three to seven years. It believes that a central bank-backed digital currency (CBDC) could help make payments transparent, thus fighting corruption and poverty.

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Bank of Russia Is Studying Pros & Cons of a Digital Ruble; May Start Developing CBDC In 2021

According to Izvestia, a Russian finance news site, the Ministry of Finance and Bank of Russia investigate other nations’ efforts in releasing a central bank digital currency (CBDC). The post, published on Monday, highlights some of Russia's advantages of launching its own digital ruble, including reducing the cost of transactions, more opportunities for cross-border payments, […] The post Bank of Russia Is Studying Pros & Cons of a Digital Ruble; May Start Developing CBDC In 2021 first appeared on BitcoinExchangeGuide.

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Binance Card still on its way to Russia despite local crypto payments ban

Russia’s law on digital assets has not affected Binance's business in any way.

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Russia’s Latest Draft Bill Would Still Largely Ban Crypto, Stifle Miners

Russia's Ministry of Finance wants to ban any cryptocurrency payments, which could be bad news for the country's mining farms.

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Russia: Banking Giant Sberbank Taps Blockchain to Tokenize Travel Agent Payments

Russia is looking to automate travel agency payments using blockchain technology. Using Smart Contracts to Automate Payments According to a report by local outlet Air Transport Review, Russia’s S7 Airlines has inked a partnership with the country’s largest bank, Sberbank, to fully automate travel agency payments through distributed ledger technology (DLT).

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Putin Approves Cryptocurrency Bill, Stopping Russians From Using Bitcoin for Payments

On Friday, Vladimir Putin, Russia’s president, signed one of the two digital assets bills into law, Russian media outlet RIA reports. The new law was passed by Russia’s parliament, Duma, last week and states that firms can provide virtual securities on blockchain platforms provided they are well registered with the country’s central bank, Bank of […]

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Blockchain Bites: Ghosn’s Crypto Payments, Russia’s Red Line and Why Banks Won’t Bite

Carlos Ghosn’s smugglers were paid in crypto, cryptographers call out Craig Wright’s latest claims and it's unknown whether banks will custody crypto following the OCC's letter.

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Russia to ban bitcoin payments from 2021

The Russian parliament adopted a bill on digital financial assets, which contains a clause prohibiting payments for goods and services in cryptocurrencies. However, it is officially allowed to own and buy cryptocurrency and blockchain tokens.

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Cambodia’s Central Bank Rolls Out Blockchain Payment System Whitepaper; It’s Not A CBDC

After three years of development, the Cambodian national digital currency may be out later this month, according to a recently released whitepaper. The permissioned blockchain-based payments system differs from the central bank digital currencies, also known as CBDCs, being offered by several states, including China and Russia, the paper states.

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Russian Official: Cryptocurrency Bill Completed — Effects on Payments, Exchanges, Miners

The chairman of the Russian State Duma Committee on Financial Markets has confirmed that the bill which provides the regulatory framework for cryptocurrencies in Russia has been completed. The official explained key features of the bill, including how cryptocurrency exchanges and miners will be regulated.

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Russia Decides to Outlaw Crypto as a Means of Payment

Russia’s Federal Security Service (FSB), the successor of KGB, agreed with the Central Bank of Russia that cryptocurrencies should not be allowed as means of payments on the territory of Russia, a local portal reported.

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Russia to prohibit cryptocurrency payments

The Russian security services and the Central Bank of Russia reached a consensus on the regulation of virtual money. They propose to prohibit paying with cryptocurrencies in Russia, and allow exchange operations only through operators with special license.

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Russia’s Supreme Court Recognizes Tokens as Assets Like Money and Property

A phenomenon like bitcoin can gain recognition, including regulatory, in many different and often unexpected ways. Governments that hesitate to accept cryptocurrencies as legal tender, sometimes validate their existence indirectly and even acknowledge they can be used for payments.

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Russia’s National Energy Grid Operator Tests Blockchain for Retail Payments

Russia’s national energy grid operator Rosetti, blockchain startup Waves and Alfa Bank are trialing a blockchain solution for electricity payments

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Russia’s Power Grid Company Tests Blockchain for Power Meter Data

Russia’s national power grid company Rosseti is testing a system for electricity bill payments based on a distributed ledger by Waves.

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Russia: De Facto Crypto Ban Will Be Hard to Achieve, Official Says

Russia may prohibit crypto payments for goods and services, but achieving such a ban might be quite difficult. This is the conclusion of Anatoly Aksakov, Chairman of the State Duma Committee on Financial Market.

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Russia's Central Bank supports prohibition of Bitcoin payments

According to a report released by a local Russian media outlet, the Central Bank of the Russian Federation supports the idea to prohibit payments made using Bitcoin, if it follows appropriate legislatThe post Russia's Central Bank supports prohibition of Bitcoin payments appeared first on AMBCrypto.

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Russian Central Bank Says It Would Support Crypto Ban

The Bank of Russia has backed a potential ban on cryptocurrency payments, according to a state news agency.

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Russia Poised to Issue Blanket Ban on Cryptocurrency Payments

The government of Russia has been toying with the possibility of interfering in the country’s cryptocurrency space as of late. Several calls have been made for the country to completely legalize digital assets, but it would seem that the Kremlin isn’t prepared to have enough patience to deal with them at all.

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Crypto for Mutual Payments Discussed by Russia, China, and Other BRICS Countries

The BRICS countries could launch their own cryptocurrencies to shift away from the US Dollar

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Desperate Maduro Trumpets Crypto Payments with China and Russia

Venezuela’s President Nicolas Maduro has openly declared his regime’s love for cryptocurrencies like Bitcoin and Ethereum. The controversial politician on Tuesday said his government is using cryptocurrencies to access national and international payment infrastructure.

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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.

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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.

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Russia Stunningly Explores a Gold-Backed Crypto to Settle Payments

By CCN: Russia is reportedly considering the implementation of a gold-backed cryptocurrency, according to Russian news outlet Tass. Immutability and censorship-resistance are useful for governments in certain instances, such as conducting international trade in the face of sanctions.

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How this fintech company got Russia’s first banking license in 4 years

The Russian Federation doesn’t exactly scream friendliness when it comes to financial innovation, but appears to be making an exception for a company called Bank 131. At a time when Russia is taking away banking licenses, this fintech business is the first to receive a license in four years.

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