In a strategic move to mitigate Western sanctions and bolster international trade, the Russian parliament has advanced two key crypto-related bills in the first of three readings. These laws aim to permit the use of cryptocurrency for international trade and…
As Russia is facing with 2024 elections, a new development in cryptocurrency regulation has emerged. Lawmakers in the country have proposed a bill to extend money laundering controls to transactions involving the digital ruble- this bill reflects Russia’s efforts to…
Russia is going through economic sanctions. Because of the Russo-Ukrainian war, it is penalized by more than 30 Western countries. A part of the financial embargo is blocking transactions with foreign countries. It cost Russia $50 billion a year. The…