The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.”
Bank of Russia News
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The Bank of Russia also wants to slow down transactions to crypto exchanges to prevent “emotional” crypto purchases.
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The exchange was previously known as BTC-e, though its name was changed to WEX following legal difficulties in 2017.
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As Russia works to “more clearly prohibit the use of cryptocurrency,” the country’s largest data center operators aren’t really worried.
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The Russian central bank is planning to slow down payments to crypto exchanges and combat suspicious crypto activity.
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Russia is moving to regulate cryptocurrency mining after legitimizing the broader crypto industry in January.
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Da Vinci’s artwork has received the highest bid at 150,500 BUSD in the Hermitage’s first NFT auction on Binance.
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The Russian government keeps insisting that payments in cryptocurrencies like Bitcoin would ruin its financial system.
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As the largest banking and financial institution in Russia and one of the world’s biggest public companies, Sber’s move into digital assets is a significant one.
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Russian investors now look at digital financial assets as an investment tool rather than just a “hype product,” AFD head Evgeny Masharov said.
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The Bank of Russia has expressed concerns over the increasing number of local investors pouring their money into Bitcoin.
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A Russian company indirectly backed by Russia's largest bank will build a crypto tracking platform as part of a $200,000 procurement contract.
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According to the court, Sber had no reason to keep the account service blocked after the client provided detailed information about his Bitcoin trades.
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A new survey of 3,000 Russians suggested that most people strongly disagree with receiving salary payouts in a state-controlled digital currency.
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The Bank of Russia’s new stock exchange recommendations do not apply to central bank digital currencies and authorized digital assets issued in Russia.
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