Bitcoin News / Bitcoin.com - 1 month ago
The use of national and alternative currencies in Russia-India trade has reached nearly 90%, according to Russian First Deputy Prime Minister Denis Manturov. Speaking at a Russian-Indian intergovernmental commission meeting, Manturov emphasized the i...
Bitcoin News / Bitcoin.com - 1 month ago
Russia’s central bank reported a record high of $207.7 billion in gold reserves for October. Gold’s share in Russia’s total international reserves rose from 31.5% in September to 32.9%, the highest level since November 1999, when it reached 34%. Hist...
Bitcoin News / Bitcoin.com - 1 month ago
Russia, India, and several African nations are accelerating dedollarization, embracing national currencies in trade to enhance economic independence and reduce reliance on the U.S. dollar. Global Trade Gets a Shake-Up as Powers Pivot from the US Doll...
Bitcoin News / Bitcoin.com - 1 month ago
Anton Siluanov, Russia’s Finance Minister, has clarified how cryptocurrency will be utilized in the country’s financial system now that mining has become legal. Siluanov stated that international settlements will be the primary use case f...
Bitcoin News / Bitcoin.com - 1 month ago
Russia is reshaping global finance, pivoting from the dollar to local currencies as more nations rally for alternatives to U.S. dominance in global transactions. A New Currency Frontier? Russia’s Strategy Signals Global Shift Kremlin spokesman Dmitry...
Bitcoin News / Bitcoin.com - 1 month ago
The U.S. dollar has been wielded as a “weapon of oppression,” a Russian official argues, accelerating its decline as the world’s reserve currency as BRICS nations pursue currency alternatives. The US Dollar’s New Fate: Lavrov...
Cryptocoins News / Finance Magnates - 1 month ago
Russia took a significant step in legalizing
cryptocurrency mining in the region. The new law has strict limitations, allowing only specific groups to undertake the activity.A new law signed by President Vladimir Putin now
recognizes crypto mining as...
Bitcoin News / Bitcoin.com - 1 month ago
Ripple CEO loses his long-term bank account, Russia publishes new crypto law, BRICS payment system aims to be a SWIFT substitute, and more in this Week in Review. Week in Review Ripple’s CEO recently disclosed the closure of his 25-year-old bank acco...
Bitcoin News / Bitcoin.com - 1 month ago
The DOJ has indicted a Russian cryptocurrency CEO for allegedly orchestrating a vast wash trading scheme to inflate crypto market volumes, misleading investors and exchanges globally. An Empire of Fake Trades: DOJ Reveals Conspiracy Inside Crypto Mar...
Bitcoin News / Bitcoin.com - 1 month ago
Russia’s sweeping crypto mining regulations took effect Nov. 1, transforming the industry with strict energy caps, mandatory registration, and stringent oversight. Russia’s Crypto Law Takes Effect, Sparking Changes in Energy and Oversight On Nov. 1,...
Bitcoin News / Bitcoin.com - 1 month ago
Google faces a spiraling fine from Russia, surpassing two undecillion rubles and doubling weekly, with potential service blocks looming as tensions escalate. Google and the Unending Fine: How a 36-Digit Debt May Be Just the Start Tech giant Google no...
Bitcoin News / Bitcoin.com - 1 month ago
Russia reveals that over 30 nations are pursuing deeper engagement with BRICS, aiming to finalize an expansion list by the year’s end amid unprecedented alliance growth. Russia Confirms Over 30 Countries Eye Deeper BRICS Alliance Russia plans to cons...
Bitcoin News / Bitcoin.com - 1 month ago
Russia is moving to ban cryptocurrency mining in energy-restricted regions, citing severe power shortages that could jeopardize long-term stability until 2030. Crypto Miners Face a Major Blow in Russia’s Energy-Restricted Zones Russian Deputy Energy...
Bitcoin News / Bitcoin.com - 1 month ago
The United Arab Emirates (UAE) and Saudi Arabia are bolstering strategic ties with Russia, with the UAE seeking a partnership and Saudi Arabia enhancing diplomatic collaboration for regional stability. UAE and Saudi Arabia Strengthen Strategic Ties w...
Bitcoin News / Bitcoin.com - 1 month ago
Western sanctions on Russia have backfired, bolstering BRICS as nations seek alternatives to Western financial control, according to a former U.S. state senator. Former Senator: US Sanctions on Russia Empower BRICS as Financial Threat Former Virginia...
Bitcoin News / Bitcoin.com - 1 month ago
The G7’s finalized deal approving a Russian assets-backed loan of $50 billion to support the Ukrainian war effort has the potential to upset the Western financial system. Critics state that the U.S. and other countries may face repercussions, i...
Bitcoin News / Bitcoin.com - 1 month ago
Russia cautions that using frozen Russian assets could trigger profound shocks to global markets, spurring developing nations to bypass the U.S. dollar. Russia’s Asset Countermoves: Potential Global Financial System Impacts Russia’s Finan...