Russia

Highlights: Russia unveils plans for dual crypto exchanges and stablecoins to aid borderless transactions. The stablecoins will cover the Yuan and BRICS payment system, underscoring a far-reaching target. Legal experts raised concerns about the initiatives’ regulation, with solutions to bypass […]

Highlights: Russia has embraced crypto mining with newly enacted legislation by the nation’s president. The new law became a necessity to salvage the country’s dwindling economy. The global crypto market displayed strength with over 5% appreciations in the past 24 […]

China and Russia are accelerating the use of digital payments for cross-border settlements, completely abandoning traditional banking. Qifa, a China-based payment solution initially launched to facilitate imports between the two countries, affirmed the enhanced use of crypto payments. Qifa cited […]

The Russian Government plans to legalize stablecoins to facilitate cross-border payments. Given the U.S. sanctions imposed after the Ukraine-Russia conflict, this move will simplify Russia’s international funds transfers as an alternative.  A report published by state-run media outlet Izvestia uncovered […]