Russia aims to use CBDC for international settlements with China: Report
Russia is currently in the pilot phase of its CBDC development and is expected to complete the development by early next year.
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Edward Snowden Granted Citizenship in Russia by Vladimir Putin
Former NSA contractor and famous whistle-blower Edward Snowden was granted Russian citizenship by President Vladimir, as reported by the state-run news agency TASS on Monday. His name was included on…
Pro-centralization Russian president grants citizenship to Edward Snowden: Report
The views of the NSA whistleblower, who has been in Russia since 2013, seemingly clash with those of President Vladimir Putin, who has often worked against promoting decentralization.
Crypto Payments May Not Help Russia Bypass Sanctions, Experts Say
Russia is preparing to authorize international crypto payments but people involved in the industry doubt this would allow the country to circumvent sanctions. At the same time, the United States…
Nicolas Maduro Tempts West With an Abundance of Oil and Gas, Venezuelan President Wants Sanctions Lifted
Amid the economic rumblings across the world and the energy crisis in Europe, Venezuelan president Nicolas Maduro has said his country is ready to step up and help with oil.…
While the US Dollar Tramples the Euro, Pound and Yen, Russia’s Ruble Skyrockets Against the Greenback
While the U.S. dollar has soared in value against a basket of worldwide fiat currencies, Russia’s ruble climbed 4.5% against the greenback this week. During the first week of September,…
Russia Starts Developing Mechanism for International Crypto Payments
Financial authorities in Russia have begun work on a mechanism to facilitate the employment of cryptocurrencies for settlements with other nations amid sanctions. The country’s central bank and finance ministry…
Russian Central Bank Is Reviewing Moscow Exchange’s Draft Bill on Crypto: Report
After reconsidering its position on cryptocurrencies following the outbreak of the war, Russia is now looking to enable provisions for digital assets trading. Moscow Exchange, the largest exchange organization in…
Moscow Exchange Suggests Issuing Crypto Receipts for Those Afraid of Blockchain
The Moscow Exchange has proposed to legalize the issuance of receipts for digital financial assets. The trading platform says this will allow custodians to offer clients who are not ready…
Erdogan Suggests Turkish-Russian Payment System, Local Media Reports
Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of…
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