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“# Ukraine accepts Bitcoin, Ethereum, USDT donations to fund ongoing war ” Within the first week of the Russia-Ukraine war, the Ukrainian government has reached out to the crypto community on Twitter for raising funds to support its civilians and troops. Ukraine has now started accepting Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) as donations….
“# Russia’s Finance Ministry introduces digital currency bill, brushes off Central Bank’s objections ” Russia’s Ministry of Finance has upped the stakes in its drawn-out showdown against the country’s Central Bank by formally introducing a bill that proposes to regulate digital assets rather than banning them. On Feb. 21, the Ministry introduced a draft of…
“# Clarity pushed back: Russian government fails to forge a consolidated stance on crypto regulation ” On Feb. 18, the Russian Ministry of Finance kicked off public consultations on the rules of cryptocurrency issuance and transactions. While a welcome development, it is less than the country’s crypto space had expected to get. Earlier in the…
“# Crypto bill incoming: Russia’s finance ministry kicks off public comment period ” The Ministry of Finance of the Russian Federation has officially initiated work on the country’s cryptocurrency regulation bill, filing the first public notice on the federal legal portal. Russia’s finance ministry on Thursday filed two development notices announcing the start of the…
“# Banning Bitcoin in Russia is ‘same as banning the internet,’ minister says ” Banning cryptocurrencies like Bitcoin (BTC) is impossible, Russia’s finance minister Anton Siluanov declared as the Bank of Russia keeps calling on the state to ban crypto in the country. Placing a ban on crypto in Russia is the “same as banning…
“# Digital ruble trial goes live as Bank of Russia insists on Bitcoin ban ” Amid more reports on the Bank of Russia rejecting the Finance Ministry’s proposal of cryptocurrency regulation, the central bank has kicked off trials of its own digital currency. The Russian central bank has officially launched the digital ruble trial, successfully…
“# Russian central bank registers nation’s first digital asset manager ” The Bank of Russia has registered tokenization service Atomyze as the country’s first digital asset management company, the central bank officially announced Thursday. According to the announcement, the Bank of Russia has formally deemed the rules of the company’s information system and the platform’s…
“# Russia houses $200B worth of crypto, Kremlin estimates ” Russian citizens reportedly own 16.5 trillion rubles ($214 billion) worth of cryptocurrencies, according to government estimates. A Bloomberg report noted that Russians own about 12% of the total global crypto holdings. The crypto holdings estimates were calculated by analyzing IP addresses of some of the most…
“# Law Decoded: Russia flounders, America competes, IMF keeps fuming, Jan. 24–31 ” One of the most fascinating implications of the collision between traditional political institutions and the crypto space is how it can reveal the glaring lack of cohesion within power systems that otherwise look monolithic. Digital assets reside in a parallel policy dimension…
“# Central bank overkill: Russia’s proposed crypto ban and why everyone’s against it ” On Jan. 20, the Central Bank of Russia (CBR) issued a report summarizing its position on digital assets and proposing a ban on any crypto trading and mining operations in the country. Although the CBR’s strict position on the matter was…