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Kremlin Reveals Plans to Create a “Politics-Free” BRICS Blockchain-Based Payments System

Yury Ushakov, an aide of Russian president Vladimir Putin, revealed plans to create a digital blockchain payment system for the BRICS bloc. Ushakov remarked that the countries of the group…

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Russian Digital Ruble Pilot ‘on Track,’ Registers About 25K Transactions

Elvira Nabiullina, Governor of the Bank of Russia, stated that the current pilot test of the Russian digital ruble was “on track,” with several operations being tested, including opening wallets,…

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Russia’s FATF Rating Downgraded Over Crypto Regulation Shortfalls

The Financial Action Task Force (FATF) has lowered Russia’s rating owing to insufficient oversight of cryptocurrencies, as indicated by regional coverage. According to RBC, this downgrade highlights escalating worries about…

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Russia Hints at Development of CBDC-Based BRICS Bridge Payments System

Russia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to…

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Important Binance Announcement Affecting Bitcoin (Bitcoin) and Ethereum (ETH) Traders

TL;DR Binance Withdraws Ruble Pairs: Binance is ending support for several P2P trading pairs with the Russian ruble, including BTC/RUB and ETH/RUB, effective January 31, 2024, following its exit from…

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