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#俄罗斯加密货币法案 Now that it is legal in Russia, will it be similar in China soon?

If Russia is forced to adopt cryptocurrency for settlement, China will inevitably follow suit, because there are many mineral resources to buy from Russia, especially oil and natural gas! #俄罗斯制裁 #俄罗斯加密货币法案 $USDC $BTC

Russia will begin trialing cross-border crypto payments next week to circumvent international sanctions. The legislation, which was reportedly passed in late July and quickly signed into law by President Vladimir Putin, does not lift the existing ban on using cryptocurrencies as legal tender for regular payments within Russia, but allows cross-border payments using cryptocurrencies.

Is it definitely good news or bad news for everyone?
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The country will formulate rules for cross-border payments of cryptocurrencies by the end of November

According to reports, Anatoly Aksakov, chairman of the Russian State Duma Financial Markets Committee, said that the Russian Central Bank and the Ministry of Finance are developing regulations to formulate rules for cross-border payments of cryptocurrencies. The government aims to complete these regulations by the end of November. The Russian government will first test the cryptocurrency payment mechanism under the experimental legal system (EPR), meaning that only selected participants such as credit institutions and banks can participate in the process, which aims to minimize risks and help formulate regulations to protect the market from fraud. Aksakov revealed that companies are already using cryptocurrencies for import and export payments, with transactions estimated at billions of dollars, emphasizing that it is necessary to limit the number of financial institutions involved in these transactions in the initial stage in order to better understand the market and formulate effective regulatory provisions.
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[Breaking news in the cryptocurrency world! Russia will accept Bitcoin in international trade on September 1, and cryptocurrency will enter a new era of legal status. BTC liquidity will soar, and price surges are just around the corner! ]

Russia is about to open a historic scene in the golden autumn of September, officially announcing that Bitcoin and a number of cryptocurrencies will be included in the international trade settlement system. This move is tantamount to putting a nationally recognized invisible cloak on Bitcoin. Although it is not directly declared as legal tender, it actually greatly enhances the legitimacy and convenience of its global circulation

This milestone decision will undoubtedly push Bitcoin's liquidity to a new height. With the surge in demand, BTC prices are rising like a rainbow. The cryptocurrency feast is about to begin. Investors, please fasten your seat belts and go to this wealth feast together!
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It has to be said that the fighting nation is strong. According to Bitcoin.com, Russian President Vladimir Putin delivered an important speech at the plenary session of the 8th Eastern Economic Forum, officially confirming for the first time that Russia has become one of the global leaders in Bitcoin mining.

According to data from Sergey Bezdelov, chairman of the Industrial Mining Association, Russia's Bitcoin production reached 54,000 BTC in 2023, contributing more than $550 million in tax revenue to the country. In his speech, Putin clearly pointed out: "Russia is currently one of the global leaders in mining, which stems from the surplus energy production capacity in the Siberian region."



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On September 10, Russian President Vladimir Putin said in a speech at the Eastern Economic Forum that Russia has become one of the world leaders in Bitcoin mining. This is because Bitcoin mining can utilize excess energy in regions such as Siberia. But he also warned that these activities should not hinder the development of the region.

According to a previous report by Sergey Bezdlov, chairman of the Industrial Mining Association, Russia produced 54,000 bitcoins in 2023, bringing the country more than $550 million in tax revenue.

On August 8, Putin signed a law legalizing cryptocurrency mining in Russia

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🌟 Russia opens ban on cryptocurrencies: A new era of global asset trading has officially begun?

Cryptocurrency enthusiasts, here are the latest developments! 🌟 Russia passed two major bills yesterday to give cryptocurrency a fair name, which is big news!

🏭 Bill 1: Russia agrees to open up cryptocurrency mining in its territory, announcing that mining activities will be completely legal from November 1, 2024. Remember that not long ago, Russia also banned Bitcoin mining, but now it has made a 180-degree turn, reopening and requiring all mining income to be declared.

💼 Bill 2: Even more impressive is that Russia allows companies authorized by the central bank to use digital currencies for cross-border settlement and foreign exchange transactions. This means that from September 1 this year, Russia will officially use Bitcoin and other cryptocurrencies for international trade.

🔄 The passage of these two bills marks that Russia will not only give cryptocurrency a fair name domestically, but also use them as a medium of exchange on the international stage. This is not only an affirmation of the legitimacy of cryptocurrency, but also a sign that cryptocurrency is becoming increasingly important in the global financial system.

🤔 It is believed that this move by Russia could trigger a global chain reaction, prompting other countries to reconsider their stance on cryptocurrencies. This is not only a shot in the arm for the cryptocurrency market, but also a strong proof of Bitcoin's future potential.

💬 So, the question is: what do you think of these two new Russian bills? What far-reaching impact will this have on the global cryptocurrency market? Share your thoughts in the comments section, and let's discuss this potentially game-changing move together!

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Earlier, Putin signed the legalization of cryptocurrency mining, ushering in a surge. Now the entire market line has pulled back, and it is expected that the pullback has not yet ended. Today, let’s focus on $SOL #SOL . #SOL $SOL can be bought between 120-130, both long and short. Relatively speaking, the entire market #SOL is more in line with investment expectations. At present, I am also continuing to invest in $SOL #俄罗斯加密货币法案 #美联储何时降息？

Russia will begin trialing the use of cryptocurrencies for cross-border payments next week

Russia will begin trialing cross-border crypto payments next week, a move mainly to address the payment difficulties caused by international sanctions to Russian companies.

On July 30 this year, the Russian Duma passed a bill on cross-border payments of digital currencies and a bill on the legalization of crypto mining. According to the new law, from September 1, 2024, Russia will allow cross-border settlement and transactions of digital currencies within the framework of the Experimental Legal System (EPR), and will also legalize cryptocurrency mining in Russia from November.

Although cryptocurrencies will be used for international payments in Russia, their use in the country remains restricted, and the existing ban on the use of cryptocurrencies as legal tender for regular payments in Russia has not been lifted.

Russia's move is an attempt in the context of international sanctions. The United States and its allies have imposed multiple rounds of economic sanctions on Russia, including restrictions on international transactions of Russian banks and freezing of assets, which has greatly limited Russia's financial operating space in the global market. The use of cryptocurrencies for cross-border payments has some potential advantages, such as the possibility of reducing transaction costs, improving transaction efficiency, and to a certain extent circumventing the restrictions of traditional financial sanctions.

However, cross-border crypto payments also have some risks and challenges. The cryptocurrency market is highly volatile, with large price fluctuations, which may bring uncertainty to transactions. In addition, there are risks such as insufficient supervision, money laundering and terrorist financing in the cryptocurrency field.

Overall, Russia's trial of cross-border crypto payments is an exploration and response strategy in a specific context, and its future development and effects need further observation and evaluation.

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Chairman of the Russian Financial Market Committee: Cross-border crypto payments will be regulated by the end of November #俄罗斯加密货币法案

Breaking news, Russia announced that it will use cryptocurrency for international transactions from September 1st! What impact will it have on the currency circle?

According to foreign media reports, Russia is about to start a trial of cryptocurrency exchanges and use digital currencies in cross-border transactions to solve the impact of the removal of the SWIFT system due to international sanctions. People familiar with the matter said that the trial will be officially implemented next week on September 1st, and Russia will use the national payment card system to exchange between rubles and cryptocurrencies.

In the fight against the financial hegemony of the United States and the de-dollarization, Russia is a brave precedent. In order to reduce the use of the US dollar, they have sold off US Treasury bonds, increased their holdings of gold, established their own payment system, and now embraced cryptocurrency, which has important historical significance for breaking the international monetary system dominated by the US dollar and establishing a new international economic and financial system.

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Recently, Ukraine successfully invaded the territory of Great Russia, and Zelensky "successfully turned the tables." But what impact will it have on our digital currency? When geopolitical tensions between Ukraine and Russia escalate, even the digital currency market has to sit on a roller coaster and experience a thrilling journey. Imagine that Bitcoin and Ethereum are like the crowd watching a play, munching on popcorn while witnessing the latest developments in international news. With the release of each news, they either rise and fall or suddenly soar. First, everyone may start to think that when tensions occur in a corner of the world, digital currencies may be a safe haven, just like the heroes in the movie always find a safe haven. However, the price reaction of Bitcoin is: Oops, the situation is not very good, maybe I should "play dead" with gold! At the same time, due to possible economic sanctions and uncertainty in the banking system, some investors may turn to cryptocurrencies as alternative assets, hoping to find a ray of hope in this digital "hide and seek" game. At this time, Ethereum is laughing in the corner. After all, more people using blockchain means more attention and possible appreciation. Finally, don’t forget the daredevils who are sitting in the front row of the cryptocurrency roller coaster, who are probably thinking, “Wow, this geopolitical drama is more exciting than my simulated trading!”

So, while tensions between Ukraine and Russia may cause shocks to financial markets in the short term, for those cryptocurrency players who are looking for excitement and opportunities, it’s just another day at the office. Remember, no matter how turbulent the market, there are always risk-takers looking for the next undiscovered island of wealth.
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TASS revealed that Russian President Vladimir Putin signed a law to legalize cryptocurrency mining in Russia.

More and more countries are using BTC as a strategic reserve, and everything has just begun. There should be a long way to go in our country, right? ? ?

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International: Russia will start using cryptocurrencies for international transactions on September 1! BlackRock's BTC ETF with the largest inflow in a single day! Net inflows continue! #俄罗斯加密货币法案 #俄罗斯挖矿合法化 #俄罗斯制裁 $BTC $BNB $SOL