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🚨Russia embraces Bitcoin for international trade payments as sanctions push local firms to adopt digital assets!
🇷🇺💥
Finance Minister Anton Siluanov revealed that Russia is experimenting with BTC for foreign transactions, with President Putin backing Bitcoin as an alternative to the US dollar.
💪
#Bitcoin #Crypto #Russia #Sanctions #Blockchain
🇷🇺💥
Finance Minister Anton Siluanov revealed that Russia is experimenting with BTC for foreign transactions, with President Putin backing Bitcoin as an alternative to the US dollar.
💪
#Bitcoin #Crypto #Russia #Sanctions #Blockchain
"Russia has announced a sweeping 6-year ban on cryptocurrency mining in 10 regions, citing concerns over excessive energy consumption and strain on local power grids. These regions, known for their energy deficits, have been struggling to accommodate the growing power demands of crypto mining operations. This move comes as Russia seeks to balance its growing interest in blockchain technology with the need to maintain energy stability and infrastructure integrity.
What does this mean for the future of crypto mining in Russia and the global mining ecosystem? Will other countries follow suit, or will miners find new opportunities elsewhere? Let’s discuss the broader implications of this decision. Share your thoughts below!
#CryptoNews #Russia #CryptoMining #EnergyCrisis #Blockchain
What does this mean for the future of crypto mining in Russia and the global mining ecosystem? Will other countries follow suit, or will miners find new opportunities elsewhere? Let’s discuss the broader implications of this decision. Share your thoughts below!
#CryptoNews #Russia #CryptoMining #EnergyCrisis #Blockchain
BTC is scare:
No source one BIG LIE
قامت روسيا بإعلان منع تعدين العملات المشفرة لمدة 6 سنوات، مشيرة بذلك أنه نتيجة لنقص الطاقة.
جاء هذا المنع لينطبق على 10 مناطق في روسيا الإتحادية، ما أستغربه وقد أجهل الكواليس ولكن روسيا دائمًا كانت رائدة في إنتاج الطاقة وتصديرها لأوروبا، وحتى مع الأحداث الجارية تقوم باستيراد طاقة من دول مجاورة لتعويض نقص إمدادات الطاقة بسبب ما يجري هناك.
أتمنى ألا يكون هذا المنع مقدمة لشئ ما يجري في الكواليس مما قد يؤثر على سوق الكريبتو لا سيما وأن الأحداث العالمية دائمًا ما تؤثر على سوق الكريبتو إما بالسلب أو الإيجاب.
أقترح عليكم القراءة حول نظرية Black Swan لتتفهموا ما يعنيه تأثير الأحداث العالمية على الكريبتو.
#russia
#miningBTC
#Mining
$BTC
جاء هذا المنع لينطبق على 10 مناطق في روسيا الإتحادية، ما أستغربه وقد أجهل الكواليس ولكن روسيا دائمًا كانت رائدة في إنتاج الطاقة وتصديرها لأوروبا، وحتى مع الأحداث الجارية تقوم باستيراد طاقة من دول مجاورة لتعويض نقص إمدادات الطاقة بسبب ما يجري هناك.
أتمنى ألا يكون هذا المنع مقدمة لشئ ما يجري في الكواليس مما قد يؤثر على سوق الكريبتو لا سيما وأن الأحداث العالمية دائمًا ما تؤثر على سوق الكريبتو إما بالسلب أو الإيجاب.
أقترح عليكم القراءة حول نظرية Black Swan لتتفهموا ما يعنيه تأثير الأحداث العالمية على الكريبتو.
#russia
#miningBTC
#Mining
$BTC
🚨 Important news! The President of El Salvador, Nayib Bukele, plans to visit Russia in 2025! 🌍 What’s behind this visit? 🤔 Perhaps cryptocurrencies that could change our world! 💥🔥
Get all the details on our Telegram: https://t.me/BinanceBuild
#Salvador #NayibBukele #2025 #russia
Get all the details on our Telegram: https://t.me/BinanceBuild
#Salvador #NayibBukele #2025 #russia
🇸🇻 El Salvador surprises again: millions spent on Bitcoin! 💥💰
🏦 The government purchased 29 BTC for $2.84 million, increasing its reserves to 5,995 BTC ($562 million).
🤔 Is this a path to prosperity or an economic gamble? Share your thoughts on this strategy! 🚨💬
#Salvador #BTC $BTC
🏦 The government purchased 29 BTC for $2.84 million, increasing its reserves to 5,995 BTC ($562 million).
🤔 Is this a path to prosperity or an economic gamble? Share your thoughts on this strategy! 🚨💬
#Salvador #BTC $BTC
Russia Leverages Bitcoin for International Trade Amid Sanctions
HIGHLIGHTS:
Russia legalizes cryptocurrencies for foreign trade to counter Western sanctions.Finance Minister Anton Siluanov confirms the use of bitcoin in international transactions under a regulated framework.President Putin critiques the U.S. dollar, citing bitcoin’s decentralized nature as a promising alternative.
The Game-Changing Shift: How Russia is Embracing Bitcoin for Global Trade
In a groundbreaking move, Russia has begun utilizing bitcoin and other cryptocurrencies to facilitate international trade. This decision comes as a strategic response to stringent Western sanctions that have disrupted its global economic relationships. According to Finance Minister Anton Siluanov, the country has already initiated cryptocurrency-based transactions under a controlled experimental framework. This shift is more than just a financial adjustment—it signals a transformative approach to global commerce.
Why Is This Happening?
Western Sanctions and Their Impact
Western sanctions have created significant barriers for Russia’s international trade. Many local banks are reluctant to process Russia-related transactions due to the fear of facing repercussions from Western regulators. These sanctions have especially strained trade relations with key partners like China and Turkey.
Legalizing Cryptocurrency in Foreign Trade
In response, Russia has implemented legislative changes to legalize the use of cryptocurrencies, including bitcoin, in international trade. This move not only bypasses the traditional banking system but also leverages Russia’s status as a global leader in bitcoin mining.
Why Bitcoin?
Decentralized Nature
Bitcoin operates on a decentralized blockchain network, meaning no single entity or government can control it. This feature makes it an attractive alternative for countries facing economic restrictions.
President Putin’s Perspective
President Vladimir Putin has been vocal about the declining dominance of the U.S. dollar in global markets. He argues that the politicization of the dollar has driven many nations to explore alternative assets. Bitcoin’s decentralized framework and resistance to external regulation make it a natural candidate.
Practical Examples
Russia’s use of bitcoin for trade includes transactions with China and Turkey, bypassing traditional financial channels. This approach not only mitigates the risk of sanctions but also ensures seamless cross-border payments.
The Advantages of Using Bitcoin in International Trade
Reduced Dependence on Traditional Systems: Using bitcoin eliminates the need for intermediaries like banks, reducing transaction costs and delays.Increased Financial Sovereignty: Countries can maintain control over their trade payments without relying on Western financial systems.Enhanced Security: Blockchain technology ensures secure and transparent transactions, reducing the risk of fraud.
The Risks Involved
Volatility: Bitcoin’s value can fluctuate significantly, posing risks for large-scale transactions.Regulatory Challenges: Although Russia has legalized cryptocurrency for foreign trade, global regulatory frameworks remain inconsistent, creating potential legal hurdles.Cybersecurity Threats: As with any digital asset, bitcoin transactions are vulnerable to hacking and cyberattacks.
What Does the Future Hold?
Russia’s move to integrate bitcoin into its international trade framework could set a precedent for other nations facing economic sanctions. If successful, it may encourage broader adoption of cryptocurrencies in global commerce. However, the journey will require careful navigation of regulatory and cybersecurity challenges.
Conclusion
Russia’s adoption of bitcoin for international trade is a bold and innovative strategy to counteract the impact of Western sanctions. By leveraging the decentralized nature of cryptocurrencies, the country is not only reshaping its trade practices but also challenging the dominance of traditional financial systems. While risks like volatility and cybersecurity remain, this approach marks a significant step towards a more decentralized global economy.
#Russia #Bitcoin $MOVE $BTC $PHA
Russia legalizes cryptocurrencies for foreign trade to counter Western sanctions.Finance Minister Anton Siluanov confirms the use of bitcoin in international transactions under a regulated framework.President Putin critiques the U.S. dollar, citing bitcoin’s decentralized nature as a promising alternative.
The Game-Changing Shift: How Russia is Embracing Bitcoin for Global Trade
In a groundbreaking move, Russia has begun utilizing bitcoin and other cryptocurrencies to facilitate international trade. This decision comes as a strategic response to stringent Western sanctions that have disrupted its global economic relationships. According to Finance Minister Anton Siluanov, the country has already initiated cryptocurrency-based transactions under a controlled experimental framework. This shift is more than just a financial adjustment—it signals a transformative approach to global commerce.
Why Is This Happening?
Western Sanctions and Their Impact
Western sanctions have created significant barriers for Russia’s international trade. Many local banks are reluctant to process Russia-related transactions due to the fear of facing repercussions from Western regulators. These sanctions have especially strained trade relations with key partners like China and Turkey.
Legalizing Cryptocurrency in Foreign Trade
In response, Russia has implemented legislative changes to legalize the use of cryptocurrencies, including bitcoin, in international trade. This move not only bypasses the traditional banking system but also leverages Russia’s status as a global leader in bitcoin mining.
Why Bitcoin?
Decentralized Nature
Bitcoin operates on a decentralized blockchain network, meaning no single entity or government can control it. This feature makes it an attractive alternative for countries facing economic restrictions.
President Putin’s Perspective
President Vladimir Putin has been vocal about the declining dominance of the U.S. dollar in global markets. He argues that the politicization of the dollar has driven many nations to explore alternative assets. Bitcoin’s decentralized framework and resistance to external regulation make it a natural candidate.
Practical Examples
Russia’s use of bitcoin for trade includes transactions with China and Turkey, bypassing traditional financial channels. This approach not only mitigates the risk of sanctions but also ensures seamless cross-border payments.
The Advantages of Using Bitcoin in International Trade
Reduced Dependence on Traditional Systems: Using bitcoin eliminates the need for intermediaries like banks, reducing transaction costs and delays.Increased Financial Sovereignty: Countries can maintain control over their trade payments without relying on Western financial systems.Enhanced Security: Blockchain technology ensures secure and transparent transactions, reducing the risk of fraud.
The Risks Involved
Volatility: Bitcoin’s value can fluctuate significantly, posing risks for large-scale transactions.Regulatory Challenges: Although Russia has legalized cryptocurrency for foreign trade, global regulatory frameworks remain inconsistent, creating potential legal hurdles.Cybersecurity Threats: As with any digital asset, bitcoin transactions are vulnerable to hacking and cyberattacks.
What Does the Future Hold?
Russia’s move to integrate bitcoin into its international trade framework could set a precedent for other nations facing economic sanctions. If successful, it may encourage broader adoption of cryptocurrencies in global commerce. However, the journey will require careful navigation of regulatory and cybersecurity challenges.
Conclusion
Russia’s adoption of bitcoin for international trade is a bold and innovative strategy to counteract the impact of Western sanctions. By leveraging the decentralized nature of cryptocurrencies, the country is not only reshaping its trade practices but also challenging the dominance of traditional financial systems. While risks like volatility and cybersecurity remain, this approach marks a significant step towards a more decentralized global economy.
#Russia #Bitcoin $MOVE $BTC $PHA
Brivid0boy:
Жодний біткоїн терористу не допоможе. Всі будуть покарані.
🇷🇺 Центробанк РФ и Росфинмониторинг против дропов
Центробанк РФ и Росфинмониторинг разрабатывают платформу для выявления дропов — лиц, предоставляющих свои банковские карты для сомнительных операций. Новая система поможет анализировать и блокировать незаконные переводы, включая операции с криптообменниками.
Кто такие дропы?
Это люди, которые отдают свои банковские данные для использования в мошеннических схемах. Чаще всего они становятся посредниками в отмывании денег.
#russia
$BTC
Центробанк РФ и Росфинмониторинг разрабатывают платформу для выявления дропов — лиц, предоставляющих свои банковские карты для сомнительных операций. Новая система поможет анализировать и блокировать незаконные переводы, включая операции с криптообменниками.
Кто такие дропы?
Это люди, которые отдают свои банковские данные для использования в мошеннических схемах. Чаще всего они становятся посредниками в отмывании денег.
#russia
$BTC
🇷🇺 Russia Confirms Using Bitcoin for International Payments 🪙
Russia has officially announced the use of Bitcoin (BTC) and other cryptocurrencies for international trade, marking a major shift in global payment systems. 🚀
🔹 Why This Matters:
1️⃣ Sanctions Evasion: Russia aims to bypass Western sanctions by leveraging digital currencies.
2️⃣ Legal Framework: New legislation now allows Russian companies to use cryptocurrencies for cross-border payments.
3️⃣ Crypto Dominance: This move strengthens Bitcoin’s position as a global financial tool.
📊 What’s Next?
With Russia leading the way, could Bitcoin become the future of international trade?
💬 Let’s Discuss: How will this impact global markets? Comment below!
#Bitcoin #Russia #CryptoNews #GlobalPayments #blockchaineconomy
$BTC
$ETH
$BNB
Russia has officially announced the use of Bitcoin (BTC) and other cryptocurrencies for international trade, marking a major shift in global payment systems. 🚀
🔹 Why This Matters:
1️⃣ Sanctions Evasion: Russia aims to bypass Western sanctions by leveraging digital currencies.
2️⃣ Legal Framework: New legislation now allows Russian companies to use cryptocurrencies for cross-border payments.
3️⃣ Crypto Dominance: This move strengthens Bitcoin’s position as a global financial tool.
📊 What’s Next?
With Russia leading the way, could Bitcoin become the future of international trade?
💬 Let’s Discuss: How will this impact global markets? Comment below!
#Bitcoin #Russia #CryptoNews #GlobalPayments #blockchaineconomy
$BTC
$ETH
$BNB
Russia is using Bitcoin for international payments
Russia’s Finance Minister Anton Siluanov has announced that Russian companies have started using Bitcoin and other cryptos for international trade.
“Such transactions are already occurring. We believe they should be expanded and developed further,” he told Russia 24 TV. He also made it clear that this is just the beginning, calling crypto payments “the future of international trade.”
From Bitcoin bans to full-blown adoption
Russia’s crypto history has been wild. In 2017, the government looked at blockchain tech like a curious kid with a new toy, but it quickly slammed the brakes, banning cryptos for payments. The official excuse? Concerns about financial stability and preventing shady activities.
Fast forward to 2020, and the rules softened, but not by much. Crypto was legalized, but their use for transactions remained off the table.
Now, 2024 has flipped the script. Russia’s lawmakers gave mining the green light, effective November 1, and legalized the use of crypto for cross-border payments. The timing isn’t random. With sanctions making traditional trade channels nearly impossible, crypto has become the lifeline.
Russia isn’t playing small ball here. In 2023 alone, the country mined 54,000 Bitcoins, pulling in 50 billion rubles (around $550 million) in tax revenue. With new laws in place, the potential for growth is massive.
President Vladimir Putin threw his weight behind them, criticizing the U.S. for using the dollar as a political weapon. “The U.S. undermines the dollar’s role as a global reserve currency,” he said earlier this month, calling Bitcoin a viable alternative. And for good measure, he added, “No one in the world can regulate Bitcoin.”
The country is now the second-largest Bitcoin mining hub in the world, right behind the United States. Why? Cheap electricity and freezing weather. Perfect conditions for running mining rigs 24/7.
But here’s the catch: all that mining comes with a huge electricity bill. To keep things under control, the government has slapped mining bans on ten regions, including Dagestan and Chechnya. Starting January 1, these bans will last six years.
And it doesn’t stop there. Seasonal restrictions are set for energy-heavy areas like Irkutsk during winter. Eastern Europe is already a hotbed for crypto activity, and Russia is leading the charge.
Between July 2023 and June 2024, the region handled $499 billion in on-chain crypto value, and Russia ranked seventh globally for crypto adoption. These platforms allow users to sidestep traditional banks, which have become increasingly isolated due to sanctions.
#Russia #Bitcoin #BTC #CryptoNews #InternationalPayments $BTC $ETH $XRP
“Such transactions are already occurring. We believe they should be expanded and developed further,” he told Russia 24 TV. He also made it clear that this is just the beginning, calling crypto payments “the future of international trade.”
From Bitcoin bans to full-blown adoption
Russia’s crypto history has been wild. In 2017, the government looked at blockchain tech like a curious kid with a new toy, but it quickly slammed the brakes, banning cryptos for payments. The official excuse? Concerns about financial stability and preventing shady activities.
Fast forward to 2020, and the rules softened, but not by much. Crypto was legalized, but their use for transactions remained off the table.
Now, 2024 has flipped the script. Russia’s lawmakers gave mining the green light, effective November 1, and legalized the use of crypto for cross-border payments. The timing isn’t random. With sanctions making traditional trade channels nearly impossible, crypto has become the lifeline.
Russia isn’t playing small ball here. In 2023 alone, the country mined 54,000 Bitcoins, pulling in 50 billion rubles (around $550 million) in tax revenue. With new laws in place, the potential for growth is massive.
President Vladimir Putin threw his weight behind them, criticizing the U.S. for using the dollar as a political weapon. “The U.S. undermines the dollar’s role as a global reserve currency,” he said earlier this month, calling Bitcoin a viable alternative. And for good measure, he added, “No one in the world can regulate Bitcoin.”
The country is now the second-largest Bitcoin mining hub in the world, right behind the United States. Why? Cheap electricity and freezing weather. Perfect conditions for running mining rigs 24/7.
But here’s the catch: all that mining comes with a huge electricity bill. To keep things under control, the government has slapped mining bans on ten regions, including Dagestan and Chechnya. Starting January 1, these bans will last six years.
And it doesn’t stop there. Seasonal restrictions are set for energy-heavy areas like Irkutsk during winter. Eastern Europe is already a hotbed for crypto activity, and Russia is leading the charge.
Between July 2023 and June 2024, the region handled $499 billion in on-chain crypto value, and Russia ranked seventh globally for crypto adoption. These platforms allow users to sidestep traditional banks, which have become increasingly isolated due to sanctions.
#Russia #Bitcoin #BTC #CryptoNews #InternationalPayments $BTC $ETH $XRP
Russia is using Bitcoin for international payments
Russia’s Finance Minister Anton Siluanov has announced that Russian companies have started using Bitcoin and other cryptos for international trade.
“Such transactions are already occurring. We believe they should be expanded and developed further,” he told Russia 24 TV. He also made it clear that this is just the beginning, calling crypto payments “the future of international trade.”
From Bitcoin bans to full-blown adoption
Russia’s crypto history has been wild. In 2017, the government looked at blockchain tech like a curious kid with a new toy, but it quickly slammed the brakes, banning cryptos for payments. The official excuse? Concerns about financial stability and preventing shady activities.
Fast forward to 2020, and the rules softened, but not by much. Crypto was legalized, but their use for transactions remained off the table.
Now, 2024 has flipped the script. Russia’s lawmakers gave mining the green light, effective November 1, and legalized the use of crypto for cross-border payments. The timing isn’t random. With sanctions making traditional trade channels nearly impossible, crypto has become the lifeline.
Russia isn’t playing small ball here. In 2023 alone, the country mined 54,000 Bitcoins, pulling in 50 billion rubles (around $550 million) in tax revenue. With new laws in place, the potential for growth is massive.
President Vladimir Putin threw his weight behind them, criticizing the U.S. for using the dollar as a political weapon. “The U.S. undermines the dollar’s role as a global reserve currency,” he said earlier this month, calling Bitcoin a viable alternative. And for good measure, he added, “No one in the world can regulate Bitcoin.”
The country is now the second-largest Bitcoin mining hub in the world, right behind the United States. Why? Cheap electricity and freezing weather. Perfect conditions for running mining rigs 24/7.
#Russia #Bitcoin #BTC #CryptoNews #InternationalPayments $BTC $ETH $XRP
Russia’s Finance Minister Anton Siluanov has announced that Russian companies have started using Bitcoin and other cryptos for international trade.
“Such transactions are already occurring. We believe they should be expanded and developed further,” he told Russia 24 TV. He also made it clear that this is just the beginning, calling crypto payments “the future of international trade.”
From Bitcoin bans to full-blown adoption
Russia’s crypto history has been wild. In 2017, the government looked at blockchain tech like a curious kid with a new toy, but it quickly slammed the brakes, banning cryptos for payments. The official excuse? Concerns about financial stability and preventing shady activities.
Fast forward to 2020, and the rules softened, but not by much. Crypto was legalized, but their use for transactions remained off the table.
Now, 2024 has flipped the script. Russia’s lawmakers gave mining the green light, effective November 1, and legalized the use of crypto for cross-border payments. The timing isn’t random. With sanctions making traditional trade channels nearly impossible, crypto has become the lifeline.
Russia isn’t playing small ball here. In 2023 alone, the country mined 54,000 Bitcoins, pulling in 50 billion rubles (around $550 million) in tax revenue. With new laws in place, the potential for growth is massive.
President Vladimir Putin threw his weight behind them, criticizing the U.S. for using the dollar as a political weapon. “The U.S. undermines the dollar’s role as a global reserve currency,” he said earlier this month, calling Bitcoin a viable alternative. And for good measure, he added, “No one in the world can regulate Bitcoin.”
The country is now the second-largest Bitcoin mining hub in the world, right behind the United States. Why? Cheap electricity and freezing weather. Perfect conditions for running mining rigs 24/7.
#Russia #Bitcoin #BTC #CryptoNews #InternationalPayments $BTC $ETH $XRP
#RussiaCrypto #russia #bitcoin #BTCNextMove BREAKING: 🇷🇺 Russia imposes a six-year ban on cryptocurrency mining in 10 regions due to energy shortages.
JUST IN: 🇷🇺 Russia announces 6-year ban on cryptocurrency mining in 10 regions, citing energy shortages.
#russia
#ReboundRally
#russia
#ReboundRally
#Russia 's Kaspersky Lab warned that scammers are posting #crypto wallet seed phrases on YouTube to steal funds, highlighting ongoing security concerns in the crypto space. This could lead to a heightened focus on security measures and might temporarily affect investor confidence in managing their crypto assets like $BTC .
#SecurityAlert
#RussiaCrypto
#SecurityAlert
#RussiaCrypto
The Central Bank of Russia has announced its business model for the digital ruble (CBDC), which aims to make all transactions free by the end of 2025. The first banks and merchants are set to launch by July 1. The central bank plans to generate revenue from managing the system.
However, the Association of Russian Banks (ABR) has raised concerns about potential deposit outflows and the hefty setup costs for banks, estimated at 100 million rubles ($1 million) each, which poses a challenge for smaller banks with limited capital.
#Russia #CBDC #News
However, the Association of Russian Banks (ABR) has raised concerns about potential deposit outflows and the hefty setup costs for banks, estimated at 100 million rubles ($1 million) each, which poses a challenge for smaller banks with limited capital.
#Russia #CBDC #News
Purrgle:
Please educate yourself.
Russian Bank T-Bank to Offer ‘Blockchain Token Investment’
The Russian banking behemoth T-Bank (previously Tinkoff Bank) will develop blockchain-powered token “investment” products.
RBC claimed that T-Bank's new range is their “entry into the digital financial assets market”.
The bank expects its blockchain-powered token “products” and “a fully fledged infrastructure for trading” to be accessible to ordinary investors by 2025.
Large Russian Bank Enters Blockchain
Atomyze, a Moscow-based blockchain-focused company financed by Norilsk Nickel, will collaborate with the bank.
T-Bank received DFA launch license from the Russian Central Bank in March.
In recent months, T-Bank competitors Sberbank and Alfa-Bank have entered DFAs.
T-Bank confirmed that premium clients may trade DFA before year's end.
A broad deployment will begin in early 2025. The bank calls its new products “smart assets,” using blockchain and smart contracts.
According to the bank, this would “reduce costs and create fundamentally new products” that “are not currently available on the traditional finance market.”
T-Bank claimed that investors would have “access to a full-fledged secondary market” with “market makers and constant liquidity.”
What Are Russian DFAs?
Russian law defines digital financial assets (DFA) as tokenized physical and financial assets.
They employ blockchain technology but not public blockchain networks, therefore they are not RWA.
Instead, issuers construct and distribute them on private blockchains under Central Bank oversight.
T-Bank stated its first range contains “eight pilot instruments” with “a declared potential yield of up to 27.5% per year.”
They'll be released on Atomyze. In March, the US sanctioned Atomyze and Lighthouse, another DFA issuer.
#Russia #MarketPullback #FullMarketBullRun $BTC $ETH $SOL
The Russian banking behemoth T-Bank (previously Tinkoff Bank) will develop blockchain-powered token “investment” products.
RBC claimed that T-Bank's new range is their “entry into the digital financial assets market”.
The bank expects its blockchain-powered token “products” and “a fully fledged infrastructure for trading” to be accessible to ordinary investors by 2025.
Large Russian Bank Enters Blockchain
Atomyze, a Moscow-based blockchain-focused company financed by Norilsk Nickel, will collaborate with the bank.
T-Bank received DFA launch license from the Russian Central Bank in March.
In recent months, T-Bank competitors Sberbank and Alfa-Bank have entered DFAs.
T-Bank confirmed that premium clients may trade DFA before year's end.
A broad deployment will begin in early 2025. The bank calls its new products “smart assets,” using blockchain and smart contracts.
According to the bank, this would “reduce costs and create fundamentally new products” that “are not currently available on the traditional finance market.”
T-Bank claimed that investors would have “access to a full-fledged secondary market” with “market makers and constant liquidity.”
What Are Russian DFAs?
Russian law defines digital financial assets (DFA) as tokenized physical and financial assets.
They employ blockchain technology but not public blockchain networks, therefore they are not RWA.
Instead, issuers construct and distribute them on private blockchains under Central Bank oversight.
T-Bank stated its first range contains “eight pilot instruments” with “a declared potential yield of up to 27.5% per year.”
They'll be released on Atomyze. In March, the US sanctioned Atomyze and Lighthouse, another DFA issuer.
#Russia #MarketPullback #FullMarketBullRun $BTC $ETH $SOL
Putin Sees the US Dollar Losing Dominance. 🇷🇺💲📉
As the global economic landscape undergoes a significant shift, Russian President Vladimir Putin weighs in on the dwindling dominance of the U.S. dollar.
Putin acknowledges the dollar's pivotal role in maintaining U.S. supremacy but criticizes the weaponization of the currency for political leverage. Consequences include U.S. allies reducing dollar reserves.
In response to imposed restrictions, Russia witnesses a decline in the share of transactions in U.S. dollars. The country explores alternative currencies, such as the Chinese yuan, reflecting a broader global trend towards trade diversification.
A recent BRICS meeting emphasizes a move away from the dollar as the primary reserve currency. The expansion of the BRICS bloc underscores the growing momentum behind this shift, with countries advocating for the use of local currencies in international transactions.
Countries, particularly within the BRICS bloc, turn to alternative currencies like the yuan, especially in the oil market. The diminishing influence of the dollar prompts the need for the U.S. to reassess its global economic approach.
Putin speculates that the U.S.'s decision to weaponize its currency may stem from self-conceit. However, the rise of alternative currencies challenges the dollar's dominance, proving otherwise.
Putin warns of unintended consequences undermining U.S. economic power, echoed by experts domestically and internationally. The long-term implications could have far-reaching consequences for the U.S. economy and its global standing, urging policymakers to adapt to changes and pursue strategies promoting stability and cooperation.
#Putin #BRICS #Russia #Dollar #usa
As the global economic landscape undergoes a significant shift, Russian President Vladimir Putin weighs in on the dwindling dominance of the U.S. dollar.
Putin acknowledges the dollar's pivotal role in maintaining U.S. supremacy but criticizes the weaponization of the currency for political leverage. Consequences include U.S. allies reducing dollar reserves.
In response to imposed restrictions, Russia witnesses a decline in the share of transactions in U.S. dollars. The country explores alternative currencies, such as the Chinese yuan, reflecting a broader global trend towards trade diversification.
A recent BRICS meeting emphasizes a move away from the dollar as the primary reserve currency. The expansion of the BRICS bloc underscores the growing momentum behind this shift, with countries advocating for the use of local currencies in international transactions.
Countries, particularly within the BRICS bloc, turn to alternative currencies like the yuan, especially in the oil market. The diminishing influence of the dollar prompts the need for the U.S. to reassess its global economic approach.
Putin speculates that the U.S.'s decision to weaponize its currency may stem from self-conceit. However, the rise of alternative currencies challenges the dollar's dominance, proving otherwise.
Putin warns of unintended consequences undermining U.S. economic power, echoed by experts domestically and internationally. The long-term implications could have far-reaching consequences for the U.S. economy and its global standing, urging policymakers to adapt to changes and pursue strategies promoting stability and cooperation.
#Putin #BRICS #Russia #Dollar #usa
Putin Declares Bitcoin Unstoppable Amid Dollar’s Waning Global Grip
Putin declared bitcoin unstoppable, calling cryptocurrency the future of global finance as nations move away from the declining U.S. dollar’s dominance.
Who Can Ban Bitcoin? Putin Highlights Crypto’s Unstoppable Evolution
Russian President Vladimir Putin, speaking at the VTB forum “Russia Calling!” on Wednesday, highlighted the inevitability of advancements in financial technologies, citing cryptocurrencies as a prime example.
He characterized these developments as a necessary response to demands for greater efficiency and dependability in global finance.
Putin emphasized that such technologies will persist and adapt despite external restrictions or regulatory interventions, asserting:
For example, bitcoin, who can ban it? Nobody.
Addressing the U.S. dollar’s global role, Putin suggested its decline is unrelated to the rise of cryptocurrencies but stems from American policies. He warned that such a downturn could destabilize U.S. economic influence worldwide.
The Russian president attributed the dollar’s diminishing significance to what he described as political strategies enacted by U.S. Democratic leaders following Donald Trump’s presidency.
In response to Trump’s recent comments about imposing steep tariffs on BRICS goods if the bloc moves away from the dollar, Putin criticized the currency’s use as a political weapon.
He also pointed to the shrinking share of the U.S. in the global economy and the emergence of alternative financial mechanisms.
Referencing the freezing of $300 billion in Russian assets by Western nations during the Ukraine conflict, Putin questioned the prudence of relying on foreign currency reserves that could be subject to political seizure. He asked:
A legitimate question: why accumulate reserves if they can be lost so easily?
Proposing a shift in economic priorities, Putin advocated redirecting funds toward domestic projects such as infrastructure,
#Putin #bitcoin100k #Russia #cryptomarket #CryptoNews
Putin declared bitcoin unstoppable, calling cryptocurrency the future of global finance as nations move away from the declining U.S. dollar’s dominance.
Who Can Ban Bitcoin? Putin Highlights Crypto’s Unstoppable Evolution
Russian President Vladimir Putin, speaking at the VTB forum “Russia Calling!” on Wednesday, highlighted the inevitability of advancements in financial technologies, citing cryptocurrencies as a prime example.
He characterized these developments as a necessary response to demands for greater efficiency and dependability in global finance.
Putin emphasized that such technologies will persist and adapt despite external restrictions or regulatory interventions, asserting:
For example, bitcoin, who can ban it? Nobody.
Addressing the U.S. dollar’s global role, Putin suggested its decline is unrelated to the rise of cryptocurrencies but stems from American policies. He warned that such a downturn could destabilize U.S. economic influence worldwide.
The Russian president attributed the dollar’s diminishing significance to what he described as political strategies enacted by U.S. Democratic leaders following Donald Trump’s presidency.
In response to Trump’s recent comments about imposing steep tariffs on BRICS goods if the bloc moves away from the dollar, Putin criticized the currency’s use as a political weapon.
He also pointed to the shrinking share of the U.S. in the global economy and the emergence of alternative financial mechanisms.
Referencing the freezing of $300 billion in Russian assets by Western nations during the Ukraine conflict, Putin questioned the prudence of relying on foreign currency reserves that could be subject to political seizure. He asked:
A legitimate question: why accumulate reserves if they can be lost so easily?
Proposing a shift in economic priorities, Putin advocated redirecting funds toward domestic projects such as infrastructure,
#Putin #bitcoin100k #Russia #cryptomarket #CryptoNews
El Salvador et Russie : la Crypto comme Solution de Commerce International ?
🚀💥 L'El Salvador joue la carte de la crypto avec la Russie ! 💥🚀
Dans une démarche audacieuse pour contourner les restrictions financières imposées par les sanctions, El Salvador propose d'utiliser le Bitcoin $BTC pour ses échanges commerciaux avec la Russie. Un véritable coup de maître qui pourrait révolutionner les relations économiques entre les deux nations ! 🌍💰
Selon Alexander Ilyukhin, secrétaire de l'ambassade russe à Managua et responsable du bureau à El Salvador, la situation économique complexe oblige El Salvador à explorer les cryptomonnaies comme alternative viable. Dans une interview avec le journal d'État russe « Izvestia », Ilyukhin a expliqué que la reconnaissance du Bitcoin comme monnaie légale par El Salvador représente une opportunité sans précédent. Le pays d'Amérique Centrale est le premier à avoir fait de Bitcoin une monnaie officielle, permettant aux touristes de régler leurs services en crypto-monnaie.
Cependant, malgré cette initiative audacieuse, la Russie, qui a interdit les cryptos comme monnaie légale en 2021, reste encore à la traîne. Pour l’instant, les perspectives d'utiliser le Bitcoin dans le commerce international semblent limitées. Ilyukhin a précisé que la Russie explore d'autres options pour dynamiser le commerce, mais la crypto pourrait jouer un rôle crucial pour les transactions futures.
Le développement du tourisme pourrait également bénéficier de cette révolution numérique, en facilitant les paiements internationaux via les cryptomonnaies. Et avec des législations potentielles en discussion, la Russie pourrait bientôt ouvrir ses portes aux actifs numériques pour le commerce international avec ses principaux partenaires.
Ne manquez pas cette opportunité unique de suivre cette transformation radicale ! 💡✨
#DeFi #Bitcoin #russia
❤️ Like | 💬 Comment | ↪️ Share 🚀
🔥 Please follow @Coinaute e Binance Square account ! 🚀🔥
Binance Square #coinaute
Dans une démarche audacieuse pour contourner les restrictions financières imposées par les sanctions, El Salvador propose d'utiliser le Bitcoin $BTC pour ses échanges commerciaux avec la Russie. Un véritable coup de maître qui pourrait révolutionner les relations économiques entre les deux nations ! 🌍💰
Selon Alexander Ilyukhin, secrétaire de l'ambassade russe à Managua et responsable du bureau à El Salvador, la situation économique complexe oblige El Salvador à explorer les cryptomonnaies comme alternative viable. Dans une interview avec le journal d'État russe « Izvestia », Ilyukhin a expliqué que la reconnaissance du Bitcoin comme monnaie légale par El Salvador représente une opportunité sans précédent. Le pays d'Amérique Centrale est le premier à avoir fait de Bitcoin une monnaie officielle, permettant aux touristes de régler leurs services en crypto-monnaie.
Cependant, malgré cette initiative audacieuse, la Russie, qui a interdit les cryptos comme monnaie légale en 2021, reste encore à la traîne. Pour l’instant, les perspectives d'utiliser le Bitcoin dans le commerce international semblent limitées. Ilyukhin a précisé que la Russie explore d'autres options pour dynamiser le commerce, mais la crypto pourrait jouer un rôle crucial pour les transactions futures.
Le développement du tourisme pourrait également bénéficier de cette révolution numérique, en facilitant les paiements internationaux via les cryptomonnaies. Et avec des législations potentielles en discussion, la Russie pourrait bientôt ouvrir ses portes aux actifs numériques pour le commerce international avec ses principaux partenaires.
Ne manquez pas cette opportunité unique de suivre cette transformation radicale ! 💡✨
#DeFi #Bitcoin #russia
❤️ Like | 💬 Comment | ↪️ Share 🚀
🔥 Please follow @Coinaute e Binance Square account ! 🚀🔥
Binance Square #coinaute
Ngân hàng Nga hướng đến Stablecoin cho các giao dịch xuyên biên giới
Ngân hàng Nga đang xem xét việc sử dụng stablecoin trong các giao dịch xuyên biên giới, coi chúng là tài sản tài chính kỹ thuật số (DFA) theo các quy định hiện hành nếu chúng có một thực thể chịu trách nhiệm. Sáng kiến này có thể liên quan đến một nhóm hạn chế các nhà đầu tư đủ điều kiện và sẽ yêu cầu thử nghiệm tính khả thi về mặt quy định.
Ngân hàng Nga khám phá việc sử dụng Stablecoin cho các giao dịch xuyên biên giới
Theo Alexey Guznov, Thứ trưởng Bộ Ngoại giao và Phó Thống đốc Ngân hàng Trung ương Nga, trong một cuộc phỏng vấn với Izvestia, Ngân hàng Nga, ngân hàng trung ương của nước này, đang xem xét sử dụng stablecoin cho các giao dịch xuyên biên giới.
Ông tiết lộ rằng Ngân hàng đang xem xét cho phép một nhóm nhà đầu tư đủ điều kiện sử dụng stablecoin cho các giao dịch tài chính xuyên biên giới. Những stablecoin này sẽ được coi là tài sản tài chính kỹ thuật số (DFA) theo các quy định hiện hành nếu chúng có một thực thể có trách nhiệm đứng sau. Guznov giải thích:
Stablecoin có khả năng được sử dụng cho các khoản thanh toán xuyên biên giới trong khuôn khổ quản lý tài sản kỹ thuật số vì một số trong số chúng đủ điều kiện là DFA.
Ông cũng làm rõ thêm rằng các stablecoin không có thực thể chịu trách nhiệm và được tính toán bằng thuật toán giống với tiền kỹ thuật số hơn. Ông lưu ý rằng việc sử dụng các stablecoin như vậy cho các khoản thanh toán xuyên biên giới sẽ cần phải thử nghiệm ban đầu để đánh giá tính khả thi của chúng trong khuôn khổ quy định.
Guznov cũng đề cập rằng một luật mới liên quan đến khai thác tiền điện tử và việc sử dụng nó trong các giao dịch xuyên biên giới đã được ban hành gần đây. Luật này cho phép các giao dịch này được thực hiện trong một hộp cát quản lý thông qua các thực thể được ủy quyền.
Ông nói:
Hiện nay, nhiệm vụ thông qua chương trình thử nghiệm khuôn khổ pháp lý và các luật phụ trợ khác càng sớm càng tốt đang được xem xét.
Giai đoạn thử nghiệm sẽ bao gồm việc sử dụng các nền tảng được chỉ định để thanh toán xuyên biên giới bằng tiền kỹ thuật số, với kế hoạch mở rộng sự tham gia cho một nhóm hạn chế các nhà đầu tư đủ điều kiện trong tương lai.
Bạn nghĩ gì về kế hoạch của Ngân hàng Nga nhằm khám phá việc sử dụng stablecoin trong các giao dịch xuyên biên giới? Hãy cho chúng tôi biết trong phần bình luận bên dưới.
#binance #DOGSONBINANCE #BNBChainMemecoins #russia $BTC $ETH $USDC
Ngân hàng Nga khám phá việc sử dụng Stablecoin cho các giao dịch xuyên biên giới
Theo Alexey Guznov, Thứ trưởng Bộ Ngoại giao và Phó Thống đốc Ngân hàng Trung ương Nga, trong một cuộc phỏng vấn với Izvestia, Ngân hàng Nga, ngân hàng trung ương của nước này, đang xem xét sử dụng stablecoin cho các giao dịch xuyên biên giới.
Ông tiết lộ rằng Ngân hàng đang xem xét cho phép một nhóm nhà đầu tư đủ điều kiện sử dụng stablecoin cho các giao dịch tài chính xuyên biên giới. Những stablecoin này sẽ được coi là tài sản tài chính kỹ thuật số (DFA) theo các quy định hiện hành nếu chúng có một thực thể có trách nhiệm đứng sau. Guznov giải thích:
Stablecoin có khả năng được sử dụng cho các khoản thanh toán xuyên biên giới trong khuôn khổ quản lý tài sản kỹ thuật số vì một số trong số chúng đủ điều kiện là DFA.
Ông cũng làm rõ thêm rằng các stablecoin không có thực thể chịu trách nhiệm và được tính toán bằng thuật toán giống với tiền kỹ thuật số hơn. Ông lưu ý rằng việc sử dụng các stablecoin như vậy cho các khoản thanh toán xuyên biên giới sẽ cần phải thử nghiệm ban đầu để đánh giá tính khả thi của chúng trong khuôn khổ quy định.
Guznov cũng đề cập rằng một luật mới liên quan đến khai thác tiền điện tử và việc sử dụng nó trong các giao dịch xuyên biên giới đã được ban hành gần đây. Luật này cho phép các giao dịch này được thực hiện trong một hộp cát quản lý thông qua các thực thể được ủy quyền.
Ông nói:
Hiện nay, nhiệm vụ thông qua chương trình thử nghiệm khuôn khổ pháp lý và các luật phụ trợ khác càng sớm càng tốt đang được xem xét.
Giai đoạn thử nghiệm sẽ bao gồm việc sử dụng các nền tảng được chỉ định để thanh toán xuyên biên giới bằng tiền kỹ thuật số, với kế hoạch mở rộng sự tham gia cho một nhóm hạn chế các nhà đầu tư đủ điều kiện trong tương lai.
Bạn nghĩ gì về kế hoạch của Ngân hàng Nga nhằm khám phá việc sử dụng stablecoin trong các giao dịch xuyên biên giới? Hãy cho chúng tôi biết trong phần bình luận bên dưới.
#binance #DOGSONBINANCE #BNBChainMemecoins #russia $BTC $ETH $USDC
🔐 Cybersecurity News (December 18, 2023):
1️⃣ Mystie.Eth: In 2023, cryptocurrency mixers processed #bitcoin transactions totaling over $300 million, stolen as a result of various cyber incidents. According to their calculations, one-third of the losses from the 50 largest exploits affected the network of the original cryptocurrency. 🌐
2️⃣ Microsoft: #microsoft researchers have uncovered a series of cyber incidents where OAuth applications were used to automate phishing attacks, compromise business emails, and engage in covert cryptocurrency mining. In one instance, a perpetrator using the alias Storm-1283 deployed virtual machines for cryptocurrency mining through OAuth. The damage ranged from $10,000 to $1.5 million depending on the duration of the attack. ⚠️
3️⃣ F.A.C.C.T.: Since the beginning of 2023, cybersecurity company F.A.C.C.T. has identified 10 active fraudulent affiliate programs targeting users in #russia through giveaways and crypto investments. Monthly, such a program can bring participants in the affiliate community approximately 4.3 million rubles. 💰
4️⃣ Tether: Tether has publicized two letters to U.S. legislators, affirming its commitment to combating the unlawful use of the #usdt stablecoin. One document was sent to the Senate Committee on Banking, Housing, and Urban Affairs, while the other was addressed to the Committee on Financial Services of the House of Representatives. 📜
5️⃣ AFM: Representatives of the Executive Office for Combating Money Laundering and Terrorism Financing in the UAE have signed a memorandum with the Agency for Financial Monitoring (AFM) of Kazakhstan. The parties intend to collaborate in combating financial crimes. 🤝
🚀 Share in the comments which topics interest you, and don't forget to hit the like button! 👍
1️⃣ Mystie.Eth: In 2023, cryptocurrency mixers processed #bitcoin transactions totaling over $300 million, stolen as a result of various cyber incidents. According to their calculations, one-third of the losses from the 50 largest exploits affected the network of the original cryptocurrency. 🌐
2️⃣ Microsoft: #microsoft researchers have uncovered a series of cyber incidents where OAuth applications were used to automate phishing attacks, compromise business emails, and engage in covert cryptocurrency mining. In one instance, a perpetrator using the alias Storm-1283 deployed virtual machines for cryptocurrency mining through OAuth. The damage ranged from $10,000 to $1.5 million depending on the duration of the attack. ⚠️
3️⃣ F.A.C.C.T.: Since the beginning of 2023, cybersecurity company F.A.C.C.T. has identified 10 active fraudulent affiliate programs targeting users in #russia through giveaways and crypto investments. Monthly, such a program can bring participants in the affiliate community approximately 4.3 million rubles. 💰
4️⃣ Tether: Tether has publicized two letters to U.S. legislators, affirming its commitment to combating the unlawful use of the #usdt stablecoin. One document was sent to the Senate Committee on Banking, Housing, and Urban Affairs, while the other was addressed to the Committee on Financial Services of the House of Representatives. 📜
5️⃣ AFM: Representatives of the Executive Office for Combating Money Laundering and Terrorism Financing in the UAE have signed a memorandum with the Agency for Financial Monitoring (AFM) of Kazakhstan. The parties intend to collaborate in combating financial crimes. 🤝
🚀 Share in the comments which topics interest you, and don't forget to hit the like button! 👍