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Russia proposes creating a crypto fund for international settlements The Russian Union of Industrialists and Entrepreneurs (RSPP) has proposed creating a crypto fund for international settlements to bypass sanctions, Vedomosti reports. The idea involves using cryptocurrencies mined in Russia for cross-border transactions, circumventing the ban on their domestic circulation. The fund would issue digital financial assets (DFAs) pegged to cryptocurrency. These DFAs would represent a right to claim, avoiding speculative demand. The fund is planned to be established in a special administrative region where miners can open accounts and store cryptocurrency. For foreign trade operations, the fund needs accounts on global exchanges, posing a risk of blockage, which could be resolved through a network of payment agents. The idea has not yet been submitted to the Ministry of Finance and the Central Bank of Russia. A bill on digital currency regulation has been in the State Duma since 2022 and is yet to be adopted. Experts support the initiative, believing it allows for profit from cryptocurrency value changes without domestic circulation. However, its implementation would require changes in the Central Bank's stance and coordination with regulators.
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The live price of $KAS token fluctuates with trading volumes and market demand.
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Insights In June 2024, the $ANDY token experienced price fluctuations. Here are some insights from the news within this month: CoinMarketCap Report: The live price of Andy today is $0.017133 USD with a 24-hour trading volume of $224,533 USD. The token has seen a 14.11% decrease in the last 24 hours. The current CoinMarketCap ranking is #3241, with details on circulating supply not available and a maximum supply of 1,000,000,000 ANDY coins. (Source) MarketBeat Analysis: ANDY (ETH) is a cryptocurrency launched in 2024 on the Ethereum platform with a current supply of 1,000,000,000,000. The last known price of ANDY (ETH) is 0.00019301 USD, showing an 8.17% decrease over the last 24 hours. It is actively trading on 33 markets, with $5,708,670.44 traded. (Source) CoinGecko Overview: The price of Andy is $0.0002143 today with a 24-hour trading volume of $5,112.18, indicating a 4.15% price decline in the last 24 hours. The market cap of Andy is not reported due to the unavailability of circulating supply data. (Source) The reason behind the price change of the $ANDY token could be influenced by various factors such as market demand, trading volume, overall cryptocurrency market trends, project developments, partnerships, regulatory changes, and investor sentiment. It is essential to closely monitor news and updates related to the $ANDY token to understand the dynamics affecting its price movement within the volatile cryptocurrency market. #ANDYETH #ANDY
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