Russia appears to be working on legislation that could legalize cross-border crypto payments.
These payments could help Russian businesses evade sanctions levied by the U.S. and Europe.
The bill comes just a month after Iran enabled similar transactions for its own local businesses.
Crypto news is already hot this month. Ethereum (ETH-USD) and Cardano (ADA-USD) are bringing in massive new upgrades, Ripple is winding down its SEC lawsuit and Voyager Digital (OTCMKTS:VYGVQ) is finishing up its bankruptcy auction. Crypto is also a hot topic in the realm of international affairs. Indeed, in a move that adds to its policy flip-flop, Russia is planning to introduce a bill that would allow it to evade sanctions.
Russia has issued varying, contradicting opinions on crypto. It isn’t interested in a central bank digital currency (CBDC), nor does it want to allow Russian citizens to trade or transact with crypto assets. However, President Vladimir Putin has shown interest in mining crypto on...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...