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#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
EU's Seizure of Russian Assets: Threat to Euro's Reserve Currency Status
Potential Consequences of Confiscating Russian Assets
The confiscation of frozen Russian assets could have catastrophic consequences, including a loss of trust in the global financial system, destabilization of the euro, and potential harsh retaliatory measures from Russia. These concerns were raised by Euroclear, the Belgian clearinghouse responsible for holding the majority of the frozen assets of Russia's central bank.
Euroclear Warns of Legal and Financial Risks
Valérie Urbain, CEO of Euroclear, expressed concerns about the risks and liabilities associated with the potential confiscation of Russian assets. She emphasized that if the EU decides to take this step, the associated liabilities must be addressed:
“We cannot be in a situation where assets are confiscated, and a few years later, Russia comes back and demands the return of its securities while the assets no longer exist.”
Urbain added that any confiscation must include addressing all associated liabilities; otherwise, it could seriously undermine the credibility of the European financial system.
Funding Ukraine and Geopolitical Tensions
The EU has so far used profits from frozen Russian assets to finance aid to Ukraine, including a €50 billion loan package approved by the Group of Seven (G7). However, discussions about fully seizing €180 billion worth of assets held by Euroclear have resurfaced, particularly amid uncertainties about future U.S. support for Ukraine under a potential Donald Trump administration.
Russia has condemned these actions as theft and a violation of international norms. The Kremlin has also threatened retaliatory measures, including nationalizing Western assets in Russia. This situation is exacerbating geopolitical tensions between Russia and Western powers, with frozen assets becoming a focal point of conflict.
Threat to Trust in the Euro and the Global System
Euroclear's CEO warned of broader implications that could jeopardize the euro's status as a reserve currency. She noted that such a precedent could erode trust among central banks worldwide:
“The trust built over decades could suddenly be called into question.”
If central banks perceive that their assets are no longer protected under established legal frameworks, it could disrupt global economic relationships and financial stability.
Increased Activity in Asia and the Middle East
Urbain also noted heightened trading activity in Asian and Middle Eastern markets. While she stated that the current situation does not pose an immediate threat, the potential confiscation of assets could have long-term consequences for the global financial system:
“If confiscation happens, everything is up in the air,” she concluded.
#CryptoNewss , #Russia , #CentralBanks , #Cryptocurrencies ,#CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
The confiscation of frozen Russian assets could have catastrophic consequences, including a loss of trust in the global financial system, destabilization of the euro, and potential harsh retaliatory measures from Russia. These concerns were raised by Euroclear, the Belgian clearinghouse responsible for holding the majority of the frozen assets of Russia's central bank.
Euroclear Warns of Legal and Financial Risks
Valérie Urbain, CEO of Euroclear, expressed concerns about the risks and liabilities associated with the potential confiscation of Russian assets. She emphasized that if the EU decides to take this step, the associated liabilities must be addressed:
“We cannot be in a situation where assets are confiscated, and a few years later, Russia comes back and demands the return of its securities while the assets no longer exist.”
Urbain added that any confiscation must include addressing all associated liabilities; otherwise, it could seriously undermine the credibility of the European financial system.
Funding Ukraine and Geopolitical Tensions
The EU has so far used profits from frozen Russian assets to finance aid to Ukraine, including a €50 billion loan package approved by the Group of Seven (G7). However, discussions about fully seizing €180 billion worth of assets held by Euroclear have resurfaced, particularly amid uncertainties about future U.S. support for Ukraine under a potential Donald Trump administration.
Russia has condemned these actions as theft and a violation of international norms. The Kremlin has also threatened retaliatory measures, including nationalizing Western assets in Russia. This situation is exacerbating geopolitical tensions between Russia and Western powers, with frozen assets becoming a focal point of conflict.
Threat to Trust in the Euro and the Global System
Euroclear's CEO warned of broader implications that could jeopardize the euro's status as a reserve currency. She noted that such a precedent could erode trust among central banks worldwide:
“The trust built over decades could suddenly be called into question.”
If central banks perceive that their assets are no longer protected under established legal frameworks, it could disrupt global economic relationships and financial stability.
Increased Activity in Asia and the Middle East
Urbain also noted heightened trading activity in Asian and Middle Eastern markets. While she stated that the current situation does not pose an immediate threat, the potential confiscation of assets could have long-term consequences for the global financial system:
“If confiscation happens, everything is up in the air,” she concluded.
#CryptoNewss , #Russia , #CentralBanks , #Cryptocurrencies ,#CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
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The missile attack of December 13, 2024 and its consequences for Ukraine and the crypto market
On the night of December 13, 2024, the Soviet Union launched a massive attack on Ukraine using more than 90 missiles and about 100 drones. The main targets were critical infrastructure and residential areas in many regions. Kyiv, Odesa, Lviv and other regions were the most affected. Thanks to the work of Ukrainian air defense, most of the targets were shot down, but some missiles and fragments caused significant damage.
🇷🇺 The Moscow Exchange has signaled its readiness to launch cryptocurrency futures. The chairman, Viktor Zhidkov, indicated that such a decision is only possible with the legalization of transactions involving digital assets in Russia.
Zhidkov noted that progress cannot be ignored; however, the introduction of new products related to cryptocurrency currently seems premature. He emphasized that futures can only be issued on assets that are already actively traded in the market. With cryptocurrency, there are certain doubts due to its volatility and the lack of a stable cash flow compared to stocks and bonds, which is concerning.
💁♂️ The situation feels like a dilemma—wanting it and yet hesitating. Indeed, it is necessary for the Central Bank to make a statement that international trade is possible—only then will cryptocurrencies receive the green light! Meanwhile, futures for familiar commodities like sugar, gold, coffee, and even orange juice are already available on the exchange!
However, it seems that something more is required for cryptocurrency. What do you think?
#Russia #RussiaCrypto
Zhidkov noted that progress cannot be ignored; however, the introduction of new products related to cryptocurrency currently seems premature. He emphasized that futures can only be issued on assets that are already actively traded in the market. With cryptocurrency, there are certain doubts due to its volatility and the lack of a stable cash flow compared to stocks and bonds, which is concerning.
💁♂️ The situation feels like a dilemma—wanting it and yet hesitating. Indeed, it is necessary for the Central Bank to make a statement that international trade is possible—only then will cryptocurrencies receive the green light! Meanwhile, futures for familiar commodities like sugar, gold, coffee, and even orange juice are already available on the exchange!
However, it seems that something more is required for cryptocurrency. What do you think?
#Russia #RussiaCrypto
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Russian Bank Looks to Stablecoin for Cross-Border Transactions
The Bank of Russia is considering the use of stablecoins in cross-border transactions, considering them digital financial assets (DFAs) under existing regulations if they have a responsible entity. The initiative could involve a limited group of qualified investors and would require regulatory feasibility testing.
Russian Bank Explores Using Stablecoins for Cross-Border Transactions
Russian Bank Explores Using Stablecoins for Cross-Border Transactions
🪙 Crypto and Blockchain News (January 11, 2024):
1️⃣ SEC: The #sec has approved applications for spot Bitcoin ETFs and granted permission for listing on all registered national securities exchanges. All 11 issuers, including asset manager Grayscale, have been authorized for trading, with Grayscale obtaining approval to convert the GBTC trust into an ETF. 🛑 This event could lead to a new wave of cryptocurrency popularity and strengthen investor confidence.
2️⃣ Caixin: Around a dozen stock companies in Hong Kong are exploring the possibility of launching spot Bitcoin ETFs. Among the potential issuers are firms with Chinese capital, as well as others from Asia and Europe. 🌏
3️⃣ Wu Blockchain: In December 2023, users from #russia took the top spot in terms of visits to cryptocurrency exchanges Bybit, HTX, and MEXC. The share of Russian customers on Bybit accounted for 19% of the total, 12% on MEXC, and 11% on HTX. The latter platform is also popular among citizens of Ukraine and Kazakhstan, accounting for 7% each. 📈
4️⃣ GlobeNewswire: #mining company Phoenix Group has announced a $187 million contract with Bitcoin mining device manufacturer Bitmain. Details are not disclosed. ⛏️
5️⃣ Reuters: #ripple will allocate $285 million to buy back its shares from early investors, valuing the fintech company at $11.3 billion. According to the offer, investors can sell up to 6% of their stake. 💸
🌐 Vote for our channel to stay informed about the major events in the cryptocurrency world!
1️⃣ SEC: The #sec has approved applications for spot Bitcoin ETFs and granted permission for listing on all registered national securities exchanges. All 11 issuers, including asset manager Grayscale, have been authorized for trading, with Grayscale obtaining approval to convert the GBTC trust into an ETF. 🛑 This event could lead to a new wave of cryptocurrency popularity and strengthen investor confidence.
2️⃣ Caixin: Around a dozen stock companies in Hong Kong are exploring the possibility of launching spot Bitcoin ETFs. Among the potential issuers are firms with Chinese capital, as well as others from Asia and Europe. 🌏
3️⃣ Wu Blockchain: In December 2023, users from #russia took the top spot in terms of visits to cryptocurrency exchanges Bybit, HTX, and MEXC. The share of Russian customers on Bybit accounted for 19% of the total, 12% on MEXC, and 11% on HTX. The latter platform is also popular among citizens of Ukraine and Kazakhstan, accounting for 7% each. 📈
4️⃣ GlobeNewswire: #mining company Phoenix Group has announced a $187 million contract with Bitcoin mining device manufacturer Bitmain. Details are not disclosed. ⛏️
5️⃣ Reuters: #ripple will allocate $285 million to buy back its shares from early investors, valuing the fintech company at $11.3 billion. According to the offer, investors can sell up to 6% of their stake. 💸
🌐 Vote for our channel to stay informed about the major events in the cryptocurrency world!
🔐 Cybersecurity News (September 23, 2023):
1️⃣ Oops! Microsoft's #ai division accidentally granted full access to the company's internal confidential information when publishing a set of training data on GitHub 😬. This serves as a reminder that even leading companies make mistakes sometimes, but it's important to learn from them and improve 🙌.
2️⃣ The Prosecutor General's Office of #russia has fulfilled the request from Kyrgyzstan for the extradition of Cholpon Aidarova, who is suspected of creating the financial pyramid scheme "Finiko". This demonstrates the importance of collaboration between countries in the fight against financial fraud 🤝.
Let's make the world of cryptocurrency safer and more successful together! If you haven't already subscribed to our informative channel, join us to stay updated on the latest news and tips from the crypto world 💫🔒✨.
3️⃣ Unfortunately, email addresses, password hashes, and some wallet addresses of 6.8% of users on the Nansen analytics platform have been compromised and made publicly available 😱. This serves as a reminder of how important it is to ensure the security of personal data in the world of cryptocurrencies.
4️⃣ The Ministry of Home Affairs in #india has introduced a new tool for analyzing suspicious cryptocurrency transactions (CIAT). This is fantastic news! The fight against crime in the digital asset space is becoming more effective 🚀🔍.
5️⃣ Hong Kong-based #defi project, Linear Finance, is sharing some bad news 😞: they have fallen victim to an attack and lost all liquidity in the #lusd stablecoin on PancakeSwap and Ascendex platforms. This is a serious blow, but it's important to remain positive and find solutions 💪.
1️⃣ Oops! Microsoft's #ai division accidentally granted full access to the company's internal confidential information when publishing a set of training data on GitHub 😬. This serves as a reminder that even leading companies make mistakes sometimes, but it's important to learn from them and improve 🙌.
2️⃣ The Prosecutor General's Office of #russia has fulfilled the request from Kyrgyzstan for the extradition of Cholpon Aidarova, who is suspected of creating the financial pyramid scheme "Finiko". This demonstrates the importance of collaboration between countries in the fight against financial fraud 🤝.
Let's make the world of cryptocurrency safer and more successful together! If you haven't already subscribed to our informative channel, join us to stay updated on the latest news and tips from the crypto world 💫🔒✨.
3️⃣ Unfortunately, email addresses, password hashes, and some wallet addresses of 6.8% of users on the Nansen analytics platform have been compromised and made publicly available 😱. This serves as a reminder of how important it is to ensure the security of personal data in the world of cryptocurrencies.
4️⃣ The Ministry of Home Affairs in #india has introduced a new tool for analyzing suspicious cryptocurrency transactions (CIAT). This is fantastic news! The fight against crime in the digital asset space is becoming more effective 🚀🔍.
5️⃣ Hong Kong-based #defi project, Linear Finance, is sharing some bad news 😞: they have fallen victim to an attack and lost all liquidity in the #lusd stablecoin on PancakeSwap and Ascendex platforms. This is a serious blow, but it's important to remain positive and find solutions 💪.
🔐 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! 👍
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El Salvador and Russia: Crypto as an International Trade Solution?
🚀💥 El Salvador is playing the crypto card with Russia! 💥🚀
In a bold move to circumvent financial restrictions imposed by sanctions, El Salvador is proposing to use Bitcoin $BTC for its trade with Russia. A real masterstroke that could revolutionize economic relations between the two nations! 🌍💰
According to Alexander Ilyukhin, secretary of the Russian Embassy in Managua and head of the office in El Salvador, the complex economic situation is forcing El Salvador to explore cryptocurrencies as a viable alternative. In an interview with Russian state newspaper “Izvestia,” Ilyukhin explained that the recognition of Bitcoin as legal tender by El Salvador represents an unprecedented opportunity. The Central American country was the first to make Bitcoin an official currency, allowing tourists to pay for their services in cryptocurrency.
In a bold move to circumvent financial restrictions imposed by sanctions, El Salvador is proposing to use Bitcoin $BTC for its trade with Russia. A real masterstroke that could revolutionize economic relations between the two nations! 🌍💰
According to Alexander Ilyukhin, secretary of the Russian Embassy in Managua and head of the office in El Salvador, the complex economic situation is forcing El Salvador to explore cryptocurrencies as a viable alternative. In an interview with Russian state newspaper “Izvestia,” Ilyukhin explained that the recognition of Bitcoin as legal tender by El Salvador represents an unprecedented opportunity. The Central American country was the first to make Bitcoin an official currency, allowing tourists to pay for their services in cryptocurrency.
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Russia Enters the Web3 Era!
🚀🌟 Breaking News: Russian giant enters the Web3 arena with the legalization of cryptocurrency mining! 🌟🚀
The crypto scene is buzzing! After weeks of turmoil that saw Bitcoin plummet from over $70,000 to under $50,000, Russia’s surprise cryptocurrency mining legislation has sent prices soaring. On August 8, Vladimir Putin signed a landmark law that legalized cryptocurrency mining, and on August 9, Bitcoin nearly hit $62,394.50, marking a 25.33% increase from its recent lows!
The crypto scene is buzzing! After weeks of turmoil that saw Bitcoin plummet from over $70,000 to under $50,000, Russia’s surprise cryptocurrency mining legislation has sent prices soaring. On August 8, Vladimir Putin signed a landmark law that legalized cryptocurrency mining, and on August 9, Bitcoin nearly hit $62,394.50, marking a 25.33% increase from its recent lows!
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
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
🇷🇺Russian Parliament has passed a bill that allows the use of Bitcoin and cryptocurrencies in international trade.
Giga Bullish 🔥
#russia #bitcoin #crypto #PriceExploitation
Giga Bullish 🔥
#russia #bitcoin #crypto #PriceExploitation
VERY IMPORTANT CRYPTO MOVE FROM RUSSIA, FIXED COINS ARE LEGALIZED.
Russia, which is experiencing difficulties in trading due to Western sanctions, aims to enact the use of stablecoins in cross-border payments. The Central Bank of Russia is also actively involved in the studies.
“PERMANENT REGULATION, NOT TEMPORARY TRIAL”
Alexey Guznov, deputy governor of the Central Bank of Russia, also officially confirmed the work done and used the following statements:
“Our first focus here should be on regulating the transaction chain. Movements such as the transfer of the relevant cryptocurrency to Russia, its accumulation and use in cross-border payments should be placed within a certain framework. We want this to be a permanent arrangement, not a temporary trial.”
WHICH FIXED COIN?
The most important issue here is which stablecoin will be used in transfers... Currently, it stands out as the leading stablecoin Tether (USDT) in terms of market value and usage.
$usdt #usdt #russia #crypto
Russia, which is experiencing difficulties in trading due to Western sanctions, aims to enact the use of stablecoins in cross-border payments. The Central Bank of Russia is also actively involved in the studies.
“PERMANENT REGULATION, NOT TEMPORARY TRIAL”
Alexey Guznov, deputy governor of the Central Bank of Russia, also officially confirmed the work done and used the following statements:
“Our first focus here should be on regulating the transaction chain. Movements such as the transfer of the relevant cryptocurrency to Russia, its accumulation and use in cross-border payments should be placed within a certain framework. We want this to be a permanent arrangement, not a temporary trial.”
WHICH FIXED COIN?
The most important issue here is which stablecoin will be used in transfers... Currently, it stands out as the leading stablecoin Tether (USDT) in terms of market value and usage.
$usdt #usdt #russia #crypto
Russian Influencer Faces Prison for Crypto Fraud 🛑
Crypto influencer Valeria “Bitmama” Fedyakina could face 10 years in prison for defrauding investors of $22M in a fake cross-border payment scheme. Her story highlights the dark side of crypto—where scammers thrive alongside innovation.
⚠️ Lesson learned: Always DYOR (Do Your Own Research) before investing in crypto projects or trusting influencers.
#CryptoFraudAlert #Hydera #Russia
⚠️ Lesson learned: Always DYOR (Do Your Own Research) before investing in crypto projects or trusting influencers.
#CryptoFraudAlert #Hydera #Russia