Global #Russia

​In a strategic move to enhance its role in the global cryptocurrency market, Russia is set to launch new crypto exchanges and explore stablecoin options tied to the Chinese yuan and BRICS currency basket.

The Russian Senate has passed a landmark bill on cryptocurrency mining, paving the way for it to become law pending President Vladimir Putin's signature.

Recent reports have highlighted significant developments regarding international detainees and potential prisoner exchanges. According to Bloomberg, journalist Evan Gershkovich and Marine Paul Whelan are being relocated from Russia to undisclosed locations.

In response to escalating international sanctions impacting its financial landscape, Russia is intensifying efforts to regulate cryptocurrency usage.

In a surprising policy shift, the Russian government is reportedly set to reverse its stance on banning cryptocurrency exchanges. Lawmaker Anton Gorelkin, Deputy Chairman of the State Duma’s Committee on Information Policy, has revealed that Russia will no longer attempt to halt the “circulation” of cryptocurrencies within the country.

The geopolitical landscape is undergoing a significant transformation as China and Russia accelerate their adoption of digital payments for trade.