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Kremlin's New Cryptocurrency: How A7A5 Could Help Russia Evade Sanctions
Russia could be turning to a new cryptocurrency called A7A5 to allow money to flow in and out of the country and avoid Western sanctions.
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Russia to Establish Experimental Crypto Exchange for 'Highly Qualified Investors': Report
The Central Bank of Russia has proposed a project to test crypto activities under an experimental legal regime (ELR) owing to the volatility and risks associated with cryptocurrencies. Earlier in March, it proposed to conduct these crypto transaction trials with “highly qualified investors”.
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Crypto Kingpin Alexander Vinnik Returns To Moscow In Russia-US Prisoner Swap
The United States has released Russian cryptocurrency kingpin Alexander Vinnik, as part of an exchange deal that saw Moscow free US teacher Marc Fogel.
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Russia's Energy Ministry Mulls Compulsory Registry for Crypto Mining Equipment
Russia’s Ministry of Energy is planning to create a mandatory registry of crypto mining equipment to identify mining businesses. The initiative has been proposed by Yevgeny Grabchak, the Deputy Minister of Energy.
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Russia is Using Bitcoin in Foreign Trade, Finance Minister Says
This year, Russia permitted the use of cryptocurrencies in foreign trade and has taken steps to make it legal to mine cryptocurrencies, including bitcoin. Russia is one of the global leaders in bitcoin mining.
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BRICS' Move to Introduce Digital Assets Platform for De-Dollarisation Sparks Criticism from Trump
Over the weekend, Trump warned BRICS nations, including India, to prepare for a 100 percent increase in tariff rates if they persist in efforts to diminish the US dollar's role in the global economy.
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Russia Approves Tax Bill on Cryptocurrency Transactions Amid BTC Boom: Details
Recently, the Federation Council, the Upper House of the Russian Parliament, approved a new bill that outlines the taxation framework for cryptocurrencies. This bill classifies virtual digital currencies as property.
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RBI to Roll Out eRupee CBDC Widely After Viewing Outcome or Impact: Report
Despite the recent developments in the area, India’s central bank is is no rush to roll out the CBDC to the nationals. The situation was addressed in Philippines by RBI deputy governor T. Rabi Sankar, reportedly during a conference.
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What is the Digital Assets Platform Being Discussed by the BRICS Group?
The BRICS group is considering the creation of a digital assets platform to reduce reliance on US dollars for international transactions. President Putin has expressed his support for this initiative, emphasising that digital currencies could benefit not only BRICS nations but also other developing economies.
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What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
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Pavel Durov: Mysterious And Controversial Telegram Founder
Russian-born tech entrepreneur Pavel Durov has founded wildly popular social networks, cryptocurrencies, amassed a multi-billion-dollar fortune and locked horns with authorities, in Russia and around the world.
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Mysterious Life Of Telegram CEO Pavel Durov, Called "Russian Zuckerberg"
Russian-born tech entrepreneur Pavel Durov has founded wildly popular social networks as well as a cryptocurrency, amassed a multi-billion-dollar fortune and locked horns with authorities not just in Russia but around the world.
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BTC-Accepting Businesses Rose by Over 170 Percent in 2023, Some Also Identified in India: Report
Over 6,000 businesses were identified around the world last year for accepting Bitcoin payments for their products and services. While most of these businesses were identified on BTC Maps in Italy, India also reflected a small number of pro-crypto businesses that maybe accepting BTC payments.
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Crypto Relief Aid Set-Up in War-Ridden Israel; Unocoin CEO Lists Ethical Implications
After Palestine-based militant group, the Hamas, struck Israel with missiles on October 6, a bunch of crypto companies came together to establish ‘Crypto Aid Israel’. The aim is to collect some emergency funding for Israel. The proceeds will be allocated to the families of soldiers, first respondents, captured nationals as well as killed ones. ...
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Binance Crypto Exchange to Sell Its Russia Business to CommEX for Undisclosed Amount
Cryptocurrency exchange Binance said on Wednesday it will sell its Russia business to newly-launched exchange CommEX, becoming the latest company to pull out of Moscow since the country began its war against Ukraine.
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Kremlin's New Cryptocurrency: How A7A5 Could Help Russia Evade Sanctions
Russia could be turning to a new cryptocurrency called A7A5 to allow money to flow in and out of the country and avoid Western sanctions.
-
Russia to Establish Experimental Crypto Exchange for 'Highly Qualified Investors': Report
The Central Bank of Russia has proposed a project to test crypto activities under an experimental legal regime (ELR) owing to the volatility and risks associated with cryptocurrencies. Earlier in March, it proposed to conduct these crypto transaction trials with “highly qualified investors”.
-
Crypto Kingpin Alexander Vinnik Returns To Moscow In Russia-US Prisoner Swap
The United States has released Russian cryptocurrency kingpin Alexander Vinnik, as part of an exchange deal that saw Moscow free US teacher Marc Fogel.
-
Russia's Energy Ministry Mulls Compulsory Registry for Crypto Mining Equipment
Russia’s Ministry of Energy is planning to create a mandatory registry of crypto mining equipment to identify mining businesses. The initiative has been proposed by Yevgeny Grabchak, the Deputy Minister of Energy.
-
Russia is Using Bitcoin in Foreign Trade, Finance Minister Says
This year, Russia permitted the use of cryptocurrencies in foreign trade and has taken steps to make it legal to mine cryptocurrencies, including bitcoin. Russia is one of the global leaders in bitcoin mining.
-
BRICS' Move to Introduce Digital Assets Platform for De-Dollarisation Sparks Criticism from Trump
Over the weekend, Trump warned BRICS nations, including India, to prepare for a 100 percent increase in tariff rates if they persist in efforts to diminish the US dollar's role in the global economy.
-
Russia Approves Tax Bill on Cryptocurrency Transactions Amid BTC Boom: Details
Recently, the Federation Council, the Upper House of the Russian Parliament, approved a new bill that outlines the taxation framework for cryptocurrencies. This bill classifies virtual digital currencies as property.
-
RBI to Roll Out eRupee CBDC Widely After Viewing Outcome or Impact: Report
Despite the recent developments in the area, India’s central bank is is no rush to roll out the CBDC to the nationals. The situation was addressed in Philippines by RBI deputy governor T. Rabi Sankar, reportedly during a conference.
-
What is the Digital Assets Platform Being Discussed by the BRICS Group?
The BRICS group is considering the creation of a digital assets platform to reduce reliance on US dollars for international transactions. President Putin has expressed his support for this initiative, emphasising that digital currencies could benefit not only BRICS nations but also other developing economies.
-
What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
-
Pavel Durov: Mysterious And Controversial Telegram Founder
Russian-born tech entrepreneur Pavel Durov has founded wildly popular social networks, cryptocurrencies, amassed a multi-billion-dollar fortune and locked horns with authorities, in Russia and around the world.
-
Mysterious Life Of Telegram CEO Pavel Durov, Called "Russian Zuckerberg"
Russian-born tech entrepreneur Pavel Durov has founded wildly popular social networks as well as a cryptocurrency, amassed a multi-billion-dollar fortune and locked horns with authorities not just in Russia but around the world.
-
BTC-Accepting Businesses Rose by Over 170 Percent in 2023, Some Also Identified in India: Report
Over 6,000 businesses were identified around the world last year for accepting Bitcoin payments for their products and services. While most of these businesses were identified on BTC Maps in Italy, India also reflected a small number of pro-crypto businesses that maybe accepting BTC payments.
-
Crypto Relief Aid Set-Up in War-Ridden Israel; Unocoin CEO Lists Ethical Implications
After Palestine-based militant group, the Hamas, struck Israel with missiles on October 6, a bunch of crypto companies came together to establish ‘Crypto Aid Israel’. The aim is to collect some emergency funding for Israel. The proceeds will be allocated to the families of soldiers, first respondents, captured nationals as well as killed ones. ...
-
Binance Crypto Exchange to Sell Its Russia Business to CommEX for Undisclosed Amount
Cryptocurrency exchange Binance said on Wednesday it will sell its Russia business to newly-launched exchange CommEX, becoming the latest company to pull out of Moscow since the country began its war against Ukraine.
