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🔹Trumps Capitalize on Election Victory: The Trump family expands their wealth through new cryptocurrency ventures, including $TRUMP and $MELANIA tokens.
🔹$23 Billion $BTC Inflow: Proposed bills in 18 U.S. states could lead to massive state-level Bitcoin purchases, potentially acquiring 247,000 bitcoins.
🔹Alexander Vinnik Returns to #Russia : Russian crypto figure Alexander Vinnik is freed in a prisoner swap, returning to Russia after being in U.S. custody.
🔹#SEC Halts Binance Case: The SEC's lawsuit against Binance is paused for 60 days as the SEC reviews crypto regulations.
🔹Charles Schwab's Digital Assets Head: Schwab appoints Joe Vietri to expand its cryptocurrency services, including Bitcoin #ETFs .
#UpdateAlert
🔹Trumps Capitalize on Election Victory: The Trump family expands their wealth through new cryptocurrency ventures, including $TRUMP and $MELANIA tokens.
🔹$23 Billion $BTC Inflow: Proposed bills in 18 U.S. states could lead to massive state-level Bitcoin purchases, potentially acquiring 247,000 bitcoins.
🔹Alexander Vinnik Returns to #Russia : Russian crypto figure Alexander Vinnik is freed in a prisoner swap, returning to Russia after being in U.S. custody.
🔹#SEC Halts Binance Case: The SEC's lawsuit against Binance is paused for 60 days as the SEC reviews crypto regulations.
🔹Charles Schwab's Digital Assets Head: Schwab appoints Joe Vietri to expand its cryptocurrency services, including Bitcoin #ETFs .
#UpdateAlert
Great news as Russia and India Cut Dollar Use:
90% of Direct Transactions in National Currencies!
Russia and India have made significant strides in reducing their dependence on the US dollar, with nearly 90% of direct transactions now conducted in their national currencies. This shift is part of a broader effort to promote economic cooperation and reduce the impact of US sanctions on their trade .
The move is also driven by the accumulation of rupees in Russian banks, which has resulted from India paying for Russian imports in its local currency. To address this, India and Russia are exploring a dynamic rupee-rouble exchange rate, which would facilitate trade settlements and reduce reliance on the dollar .
Additionally, the two countries are discussing the mutual recognition of Russia's Mir and India's RuPay payment systems, which would further enhance financial integration and simplify trade transactions .
This development is not only significant for Russia and India but also reflects a broader global trend towards dedollarization, with countries seeking to reduce their dependence on the US dollar in international trade.f#russia #IndiaCrypto
90% of Direct Transactions in National Currencies!
Russia and India have made significant strides in reducing their dependence on the US dollar, with nearly 90% of direct transactions now conducted in their national currencies. This shift is part of a broader effort to promote economic cooperation and reduce the impact of US sanctions on their trade .
The move is also driven by the accumulation of rupees in Russian banks, which has resulted from India paying for Russian imports in its local currency. To address this, India and Russia are exploring a dynamic rupee-rouble exchange rate, which would facilitate trade settlements and reduce reliance on the dollar .
Additionally, the two countries are discussing the mutual recognition of Russia's Mir and India's RuPay payment systems, which would further enhance financial integration and simplify trade transactions .
This development is not only significant for Russia and India but also reflects a broader global trend towards dedollarization, with countries seeking to reduce their dependence on the US dollar in international trade.f#russia #IndiaCrypto
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Russia and India Reduce Dollar Usage: 90% of Transactions Now in National Currencies
Russia and India are increasingly moving away from the US dollar in their bilateral trade. Currently, nearly 90% of direct payments between the two nations are conducted in Russian rubles and Indian rupees, strengthening economic ties and accelerating the global shift away from the dollar.
Stronger Financial Ties Between Moscow and New Delhi – The End of Dollar Dominance?
In recent years, there has been a growing trend of de-dollarization, as many countries seek to reduce their dependence on the US currency. Russia and India have become key players in this process, with 90% of their direct payments now settled in national currencies.
📌 Russian Ambassador to India, Denis Alipov, stated in an interview with Tass:
🗨️ "Mutual payments in national currencies are stable. As of today, national currencies account for approximately 90% of direct payments between Russia and India."
🔹 Both countries are also in discussions about recognizing each other’s payment systems – Russia’s Mir and India’s RuPay. This move could further enhance financial cooperation and simplify transactions between the two nations.
Trade Between Russia and India Continues to Expand
📊 Bilateral trade between Russia and India is steadily growing:
✅ In the first 11 months of 2024, trade increased by 8.6% to reach $64.5 billion.
✅ Russian exports to India reached $60 billion (+7.7%).
✅ Indian exports to Russia rose to $4.5 billion (+23.3%).
Russia is now India’s fourth-largest trading partner and the second-largest supplier of goods after China.
🗨️ "These figures highlight Russia’s growing importance as a key trading partner for India," Alipov emphasized.
Strengthening Economic Cooperation and the Global De-Dollarization Trend
📉 The declining reliance on the US dollar in Russia-India trade is part of a broader global shift. As geopolitical and economic landscapes evolve, nations are exploring alternative financial mechanisms for international transactions.
🔹 The integration of the Mir and RuPay payment systems could streamline trade settlements and further strengthen economic cooperation.
🔹 With Russia playing an increasingly vital role as India’s key supplier, this trend is likely to continue.
📌 Will de-dollarization continue to gain momentum? If Russia and India successfully integrate their financial systems, we may witness a further weakening of the US dollar’s dominance in global trade. 🌍💱
#russia , #India , #CryptoNewss , #globaleconomy , #worldnews
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.“
Stronger Financial Ties Between Moscow and New Delhi – The End of Dollar Dominance?
In recent years, there has been a growing trend of de-dollarization, as many countries seek to reduce their dependence on the US currency. Russia and India have become key players in this process, with 90% of their direct payments now settled in national currencies.
📌 Russian Ambassador to India, Denis Alipov, stated in an interview with Tass:
🗨️ "Mutual payments in national currencies are stable. As of today, national currencies account for approximately 90% of direct payments between Russia and India."
🔹 Both countries are also in discussions about recognizing each other’s payment systems – Russia’s Mir and India’s RuPay. This move could further enhance financial cooperation and simplify transactions between the two nations.
Trade Between Russia and India Continues to Expand
📊 Bilateral trade between Russia and India is steadily growing:
✅ In the first 11 months of 2024, trade increased by 8.6% to reach $64.5 billion.
✅ Russian exports to India reached $60 billion (+7.7%).
✅ Indian exports to Russia rose to $4.5 billion (+23.3%).
Russia is now India’s fourth-largest trading partner and the second-largest supplier of goods after China.
🗨️ "These figures highlight Russia’s growing importance as a key trading partner for India," Alipov emphasized.
Strengthening Economic Cooperation and the Global De-Dollarization Trend
📉 The declining reliance on the US dollar in Russia-India trade is part of a broader global shift. As geopolitical and economic landscapes evolve, nations are exploring alternative financial mechanisms for international transactions.
🔹 The integration of the Mir and RuPay payment systems could streamline trade settlements and further strengthen economic cooperation.
🔹 With Russia playing an increasingly vital role as India’s key supplier, this trend is likely to continue.
📌 Will de-dollarization continue to gain momentum? If Russia and India successfully integrate their financial systems, we may witness a further weakening of the US dollar’s dominance in global trade. 🌍💱
#russia , #India , #CryptoNewss , #globaleconomy , #worldnews
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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493470751812329319662979174639885#cryptorussia #russia 3813791604#Twitter#Facebook#Linkedin#instagram * Regional elites: In conditions of war and economic instability, regional elites may lose their influence due to the redistribution of resources in favor of the federal center and the "new" elites.
3. Struggle for resources:
* Redistribution of assets: There is an active process of redistribution of property, when the assets of the "old" elites pass under the control of the "new" or the state.
* Competition for access to budget funds: Different groups of elites fight for access to state resources, especially those allocated for military needs.
4. Consequences of redistribution:
* Strengthening authoritarian tendencies: Strengthening the positions of security forces and "new" elites can lead to increased authoritarianism and restrictions on democratic freedoms.
* Increasing social tension: Growing stratification of society and concentration of wealth in the hands of a narrow circle of individuals can cause social discontent and protests.
* Economic instability: Redistribution of resources and the struggle for assets can lead to economic instability and a decrease in the country's investment attractiveness.
25889150716
3. Struggle for resources:
* Redistribution of assets: There is an active process of redistribution of property, when the assets of the "old" elites pass under the control of the "new" or the state.
* Competition for access to budget funds: Different groups of elites fight for access to state resources, especially those allocated for military needs.
4. Consequences of redistribution:
* Strengthening authoritarian tendencies: Strengthening the positions of security forces and "new" elites can lead to increased authoritarianism and restrictions on democratic freedoms.
* Increasing social tension: Growing stratification of society and concentration of wealth in the hands of a narrow circle of individuals can cause social discontent and protests.
* Economic instability: Redistribution of resources and the struggle for assets can lead to economic instability and a decrease in the country's investment attractiveness.
25889150716
Quoted content has been removed
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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.
🪙 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 (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! 👍
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
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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
🔐 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 💪.
"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
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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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!
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⚡ Irkutsk Region vs. Mining: Is the Ban Becoming Lifelong? 🚫💰
In Russia, the already strict restrictions on mining may become permanent – the Irkutsk Region plans to introduce a permanent ban instead of a temporary one. 😳
🔌 The reason? An acute shortage of electricity. They have already freed up 300 MW, but this is still not enough.
🚧 Since the beginning of the year, Russia has had an autumn-winter ban on mining until 2031 ❄, and now the region wants to go further.
🤔 What does this mean?
❌ Miners will lose one of the cheapest regions for crypto mining.
❌ Mining leaving = less income to the economy.
❌ Other regions may follow suit and tighten the bans.
📉 Can Russia completely abandon mining? Or is this just a local story? Share your opinion in the comments! 💬👇
#MiningBan #Bitcoin #Russia #CryptoNews #Blockchain
$BTC
In Russia, the already strict restrictions on mining may become permanent – the Irkutsk Region plans to introduce a permanent ban instead of a temporary one. 😳
🔌 The reason? An acute shortage of electricity. They have already freed up 300 MW, but this is still not enough.
🚧 Since the beginning of the year, Russia has had an autumn-winter ban on mining until 2031 ❄, and now the region wants to go further.
🤔 What does this mean?
❌ Miners will lose one of the cheapest regions for crypto mining.
❌ Mining leaving = less income to the economy.
❌ Other regions may follow suit and tighten the bans.
📉 Can Russia completely abandon mining? Or is this just a local story? Share your opinion in the comments! 💬👇
#MiningBan #Bitcoin #Russia #CryptoNews #Blockchain
$BTC
Russian companies using Bitcoin for international payments to avoid sanctions
According to recent reports, Russian enterprises are exploiting Bitcoin and other digital assets to evade restrictions in international commerce. The Finance Minister also announced the government's intentions to adopt bitcoin for foreign payments.
Russian firms use Bitcoin for international payments
Russia's Finance Minister Anton Siluanov told Reuters that enterprises are adopting Bitcoin and other cryptocurrencies for overseas payments to avoid sanctions.
After this year's legal reforms, the minister told Russia-24 that the government started formally employing these options for foreign commercial transactions:
Bitcoin, mined in Russia, is allowed under the experimental regime.
Russian legislators enacted a measure in July allowing corporations to exchange cryptocurrencies like Bitcoin internationally. The central bank will build a “experimental” crypto payment infrastructure under the September legislation, with the first transactions likely before year-end.
Russian firms, exchanges, and crypto organizations may apply to the central bank for experimental membership. Russian crypto payments remain forbidden.
The study indicates that foreign payments with its main commercial partners have been delayed. China, India, Turkey, and the UAE “are extremely cautious with Russia-related transactions to avoid scrutiny from Western regulators.”
Putin also passed a crypto turnover legislation to increase government control over Bitcoin and crypto mining. Authorities might potentially control mining infrastructure businesses after the revisions.
After these revisions, Russia authorized a six-year restriction on mining in important locations and a seasonal ban in particular territories due to its energy problem, which renders big power capabilities almost unfeasible until 2030.
However, over 150 local mining corporations have sought for a license to operate lawfully in Russia, with more likely shortly.
#Russia #CryptoRegulation2025 #Crypto2025Trends $BTC $ETH $XRP
According to recent reports, Russian enterprises are exploiting Bitcoin and other digital assets to evade restrictions in international commerce. The Finance Minister also announced the government's intentions to adopt bitcoin for foreign payments.
Russian firms use Bitcoin for international payments
Russia's Finance Minister Anton Siluanov told Reuters that enterprises are adopting Bitcoin and other cryptocurrencies for overseas payments to avoid sanctions.
After this year's legal reforms, the minister told Russia-24 that the government started formally employing these options for foreign commercial transactions:
Bitcoin, mined in Russia, is allowed under the experimental regime.
Russian legislators enacted a measure in July allowing corporations to exchange cryptocurrencies like Bitcoin internationally. The central bank will build a “experimental” crypto payment infrastructure under the September legislation, with the first transactions likely before year-end.
Russian firms, exchanges, and crypto organizations may apply to the central bank for experimental membership. Russian crypto payments remain forbidden.
The study indicates that foreign payments with its main commercial partners have been delayed. China, India, Turkey, and the UAE “are extremely cautious with Russia-related transactions to avoid scrutiny from Western regulators.”
Putin also passed a crypto turnover legislation to increase government control over Bitcoin and crypto mining. Authorities might potentially control mining infrastructure businesses after the revisions.
After these revisions, Russia authorized a six-year restriction on mining in important locations and a seasonal ban in particular territories due to its energy problem, which renders big power capabilities almost unfeasible until 2030.
However, over 150 local mining corporations have sought for a license to operate lawfully in Russia, with more likely shortly.
#Russia #CryptoRegulation2025 #Crypto2025Trends $BTC $ETH $XRP