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  • Market Cap: $2,407,087,163,783.41
  • 24h Vol: $55,445,170,526.62
  • BTC Dominance: 56.57%

Russia

iran-and-russia-sign-academic-cooperation-agreement-to-dedollarize-economies

Iran and Russia Sign Academic Cooperation Agreement to Dedollarize Economies

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Iran and Russia have taken a significant step towards economic cooperation by involving their academic institutions in efforts to dedollarize their economies. The presidents of Iran’s Imam Hossein University and Russia’s Plekhanov University of Economics signed a memorandum of cooperation last week to collaborate on initiatives aimed at reducing reliance on the U.S. dollar in […]

Iran and Russia Sign Academic Cooperation Agreement to Dedollarize Economies Read More »

russia-in-the-process-of-regulating-the-use-of-stablecoins-for-cross-border-settlements

Russia in the Process of Regulating the Use of Stablecoins for Cross-Border Settlements

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Russia is considering adding the subject of stablecoins to an upcoming bill, allowing them to be used officially for completing cross-border payments. Alexey Guznov, Deputy Chairman of the Bank of Russia, declared that proposals have already been presented and the issue is now being discussed. The Ministry of Finance also confirmed that this is being

Russia in the Process of Regulating the Use of Stablecoins for Cross-Border Settlements Read More »

russia-set-to-recognize-bitcoin-mining-as-economic-activity

Russia Set to Recognize Bitcoin Mining as Economic Activity

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According to Osman Kabaloev, the Deputy Director of the Financial Policy Department at Russia’s Ministry of Finance, the recognition of Bitcoin mining as an official economic activity is set to happen soon. Following the approval of a law regulating cryptocurrency mining, this activity would be assigned an OKVED code, which classifies company activities for licensing

Russia Set to Recognize Bitcoin Mining as Economic Activity Read More »

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30 Countries Seek to Join BRICS, Russian Ambassador to China Says

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Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion piece published by the South China Morning Post last week. BRICS welcomed five new members in January: Egypt, Iran, the United Arab Emirates (UAE), Saudi Arabia, and Ethiopia. Last week, Russian Presidential Spokesman

30 Countries Seek to Join BRICS, Russian Ambassador to China Says Read More »

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Companies Turn to Crypto for Payments as G7 and EU Mull Sanctions on Russian SWIFT Equivalent

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Some Russian companies have turned to using crypto to settle payments and protect themselves from potential secondary sanctions from Western countries. At least two top metal producers have transacted using USDT, the largest stablecoin in the crypto market, as the G7 and the EU mull more sanctions against alternatives for these operations. Crypto Used as

Companies Turn to Crypto for Payments as G7 and EU Mull Sanctions on Russian SWIFT Equivalent Read More »

top-indian-banker-says-us-dollar-has-‘disproportionate-power’-as-reserve-currency;-retracts-‘biggest-financial-terrorist’-remark

Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark

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Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has “disproportionate power” as a reserve currency, retracting his previous statement in which he referred to the currency as the

Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark Read More »

brics-to-promote-national-currencies-before-issuing-common-one

BRICS to Promote National Currencies Before Issuing Common One

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The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat indicated in an interview. Wider Use of National Fiats of

BRICS to Promote National Currencies Before Issuing Common One Read More »

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‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says

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Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing crypto in foreign trade transactions, he indicated. Russia Plans to ‘Experiment’ With Cross-Border Crypto Payments Amid Sanctions

‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says Read More »

no-rate-hikes-in-russia,-central-bank-keeps-interest-rate-level-again

No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again

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Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures, up to 2.0% for 2023. Bank of

No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again Read More »

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Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

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A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro Accounts Expected to Drop Further, Requests for Yuan

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts Read More »