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Russia

Russia passes bill legalizing digital assets in bid to avoid international sanctions
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1 August, 2024

Russia passes bill legalizing digital assets in bid to avoid international sanctions

In a desperate move, Russia passed a bill allowing businesses to use digital assets for cross-border trade beginning in September,...
Russia cautiously warms up to digital asset payments as Putin warns of power disruptions
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26 July, 2024

Russia cautiously warms up to digital asset payments as Putin warns of power disruptions

Russia’s AML chief called on the government to accelerate the development of digital asset payment infrastructure in international payments amid...
Russia pushing ‘crypto’ payments, SWIFT alternative as sanctions bite
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8 July, 2024

Russia pushing ‘crypto’ payments, SWIFT alternative as sanctions bite

Bank of Russia said it had softened its stance on digital asset payment due to sanctions but admitted that the...
Russia to start using CBDC for international payments in 2025
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15 June, 2024

Russia to start using CBDC for international payments in 2025

Influential legislator Anatoly Aksakov says CBDC payments will be the norm in the next five years, and Russia will be...
It’s the subsidy!
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4 June, 2024

It’s the subsidy!

The Cabrini-Green and Soviet collective farming were reminders that initiatives, no matter how good their intentions, were doomed to fail...