Russia
Russia Reportedly Set to Ban Cryptocurrency Circulation from September 1, Allowing Only Domestic Digital Assets
- CryptoGlobe Writer
- /
- 29 Apr 2024
Russia is set to introduce a ban on organizing the circulation of cryptocurrencies from September 1, according to Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market. The decision, as reported by local news outlet National News Service (NSN), will allow only digital financial assets issued within the Russian jurisdiction. Anatoly Gennadyevich […]
Russia’s Central Bank Bets on Chinese Yuan Amid Sanctions Squeeze
- CryptoGlobe Writer
- /
- 30 Mar 2024
In a revealing update from Russia’s central bank, it’s become clear that amidst ongoing international tensions, the Chinese yuan is emerging as a crucial asset for Russia’s reserve holdings. According to a Bloomberg News article published on March 29, the Russian financial authority has expressed a lack of viable alternatives to the yuan following the […]
Russia’s Central Bank Replenishes Gold Reserves to 2023 Highs Amid Economic Sanctions
- CryptoGlobe Writer
- /
- 21 Sep 2023
According to a report by Ernest Hoffman for Kitco News published yesterday, data from the International Monetary Fund’s (IMF) International Financial Statistics (IFS) reveals that Russia’s Central Bank increased its gold reserves in August 2023. The reserves have apparently returned to their initial levels at the start of the year, at 2,333 tonnes. This information […]
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