Category: Russia

Russia could pilot a digital ruble by the end of 2021, its central bank governor says

Russia could pilot a digital ruble by the end of 2021, its central bank governor says

Elvira Nabiullina, governor of the Russian central bank, has said that a digital currency pilot project could be launched by the end of 2021. As reported by Russian news agency TASS, Nabiullina said during an online press conference on Friday that the central bank is currently collecting public feedback on whether to issue a digital […]

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Crypto More Popular Than Gold Among Russian Investors: Report

Crypto More Popular Than Gold Among Russian Investors: Report

A survey among over 2,000 Russian investors has placed cryptocurrency next to gold in terms of popularity. Moreover, younger investors aged below 30 have displayed significant favoritism towards digital assets. Crypto Ranks Above Gold Among Russian Investors According to the study published by the World Gold Council, investors from the world’s largest country by landmass […]

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$8,000 a Year in Crypto: The Limit Bank of Russia Suggests for Retail Investors

Russia’s relationship with cryptocurrencies and blockchain-based technology is undoubtedly a tumultuous one. While the country appears to support the nascent tech behind digital currencies, it’s also taking steps to limit their usage as much as possible. $8,000 of Crypto Per Retail Investor According to a new explanatory note that refers to a newly-passed law on […]

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Abkhazia Lifts Two-Year Ban on Bitcoin Mining, Moves to Regulate the Sector

Abkhazia Lifts Two-Year Ban on Bitcoin Mining, Moves to Regulate the Sector

Abkhazia, the self-governing but disputed territory of just 245,000 people sandwiched between Russia and Georgia, has lifted its two-year ban on cryptocurrency mining. The ban came into effect in December 2018 after a surge in mining activity left the region facing an energy crisis.Now, the government is moving to regulate the industry in an effort […]

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