Significant revisions to the bill establishing the digital ruble have been submitted to the Russian parliament as the project moves forward. These amendments seek to alter the original legislation with respect to debt operations, services for non-residents, and the function of the central bank. The lower house of the Federal
Binance’s U.S. Head of Investigation BJ Kang was recently added to Russia’s list of 500 sanctioned individuals after the company hired him in October of last year. Vladimir Putin has a black list that includes many Americans, including New York’s Attorney General, Letitia James. Russia has retaliated against the United
U.S. prosecutors have filed charges against a Russian national who they say was involved in several ransomware scams. That together brought in about $200 million, most of it in cryptocurrency. Hospitals, schools, and even police stations were hit by ransomware attacks. Mikhail Pavlovich Matveev was a member of the Lockbit,
The Kommersant reported that seven placements of digital financial assets (DFAs) totaling roughly 1 billion rubles ($13 million) were done in Russia last month. While this market is currently relatively tiny. Big initiatives may be anticipated by the end of the year, according to experts cited by the business daily.
Russia has been actively discussing the expansion of the BRICS economic bloc with other member nations, according to a Russian official. Meanwhile, the group comprises Brazil, Russia, India, China, and South Africa. Discussions are ongoing, and a thorough analysis and delicate internal work by the five countries are required to
Russia announced the development of special institutions in order to mine cryptocurrencies and transfer them internationally through certain legislation. As per the recent updates of BRICS nations, the payments over international settlements are taken into revaluation for legitimizing the crypto transactions. Being a low-cost energy consumer, Russia has provoked financial
The currency or method of payment used in international settlements is being reevaluated by a number of countries. On the one hand, several of them are working to lessen the role of the dollar in international trade. Moreover, several countries are beginning to legitimize cryptocurrency transactions. One nation making progress
As per the reports of Kommersant, a Russian-based newspaper publisher, Russia is considered the world’s second-largest cryptocurrency mining country in the year 2023 – today. Furthermore, the United States ranks at the top of all crypto-mining countries. And, the total power consumption for crypto mining in the US reports 3
Economic superpowers are stepping up their efforts to break free from US dollar hegemony, raising the possibility of the emergence of a new global order. Jim O’Neill, a former chief economist at Goldman Sachs, urged the BRICS bloc to grow and challenge the dollar’s hegemony this week. He stated that
The U.S. Department of Justice is reportedly looking into whether or not top bankers helped Russian billionaires circumvent sanctions against their nation. Credit Suisse Group AG and UBS Group AG are allegedly two of the institutions under scrutiny. According to Bloomberg, the United States government has subpoenaed a number of
