Bank

Secret

Bitcoin

<a href="https://bitcoinworld.co.in/russias-secret-plan-bitcoin-trading-proposal-surfaces/" title="Russia’s Secret Plan: Bitcoin Trading Proposal Surfaces" rel="nofollow"></a>
Russia is reportedly considering allowing Bitcoin and cryptocurrency trading for select investors as part of efforts to boost international crypto settlements amid ongoing geopolitical challenges. 
Previously, Moscow had proposed banning crypto trading and mining, with recent bills seeking to restrict domestic cryptocurrency exchange operations. 
Now, the Russian Finance Ministry <a href="https://www.cbr.ru/Content/Document/File/132242/Consultation_Paper_20012022_eng.pdf">aims</a> to permit Bitcoin and other cryptocurrencies for specific investor categories, proposing legislation for regulating crypto mining and digital asset settlements. 
Additionally, they suggest allowing foreign economic activity participants to utilize crypto for settlements, treating them akin to currency. 
Registered exchanges would handle crypto trading, limiting access to certain investors, while the Central Bank of Russia still restricts crypto for payments domestically. 
Recent proposals also include legalizing stablecoins for international settlements, potentially bolstering Russia’s economic resilience against sanctions. 
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Russia’s Secret Plan: Bitcoin Trading Proposal Surfaces

ItsBitcoinWorld

Other articles published on Jul 14, 2024

Donald Trump is Determined! Full Support Statement for Bitcoin!

Crypto market’s weekly winners and losers – AAVE, MOG, RNDR, WIF

BlockDAG’s Stunning CGI Video Nets Explosive $57.9M In Presale, Towering Over Solana ETFs & AVAX ...

Ethereum Price Analysis: Declining Volume Sparks Doubts on $3000 Breakout

New Solana Memecoin Trump the Felon Surges Over 13,000% and Will Rally Another 18,000% Before Fir...

This Crypto Strategy Will Make You So Much Money You'll Retire Early!

Join our free newsletter for daily crypto updates!