Russia to Soon Legalise Crypto For Cross-Border Payments

Russian PM Mikhail Mishustin stated that the adoption of digital assets is required as a "secure alternative" for cross-border payments.

Russian PM Mikhail Mishustin stated that the adoption of digital assets is required as a "secure alternative" for cross-border payments.

Key Takeaways: There have been rumors linking the newly detained Tornado Cash developer to the FSB in Russia. Alexey Pertsev worked for the FSB in the past. The Notorious Lazarus Group in North Korea is accused of using Tornado Cash…

Key Takeaways: Two banks of Russia are preparing to gain registration for DFA. The country is showing a positive attitude towards acceptance of advanced technology. Russia has always been in doubt whenever it has come to accept virtual currencies as…

Key Takeaways: Russia is now considering options to use virtual assets as a means of payment. The development of a sandbox is underway. The Russian Export Center (REC), a state-run establishment entrusted to help Russia’s products, is now considering the…

Key Takeaways Under the new bill, “digital financial actives” (DFA) would be prohibited as payment methods for goods and services. The bill introduces the term ‘electronic platform,’ which would be recognized as the subject of the national payment system. On…

Key Takeaways The Finance Ministry is contemplating bringing a broader group of “digital currencies” under the allowed payment methods for international trade. Russia’s Central bank had earlier called for ban on crypto. According to a report by local news outlet…

Key Takeaways A bill has been proposed in Russia that aims the introduction of the NFTs into the Civil Code of the Russian Federation. The law is supposedly introduced to protect the rights of Russian NFT Owners. There has been…

Key Takeaways: U.S. Treasury issued sanctions against Russia’s bitcoin mining industry. Russia can use its energy resources to evade the sanctions. U.S. Treasury Official States That Bitcoin Mining is Helping “Russia Monetize its Natural Resources” Russia’s invasion of Ukraine is…

Key Takeaways: Russia to request Africa to accept crypto payments. The former country is looking forward to building an alliance with the latter. After El Salvador started accepting crypto payments many countries followed the same path. Now it seems that…

Russia has been on the limelight for a while due to the war as well as its actions on the financial front. After the sanctions, it has been affected by worst financial situations since the fall of Soviet Union. Further,…