Russia’s Ministry of Industry and Trade has suggested a two-year transition period for the retail sector to adapt to the implementation of the digital ruble, the central bank digital currency or CBDC that is under development in that country. This proposal arises from a draft law presented by the Financial Market Committee of the State … Read more
Daniil Egorov, head of the Treasury, is optimistic about more registrations. Miners who consume less than 6,000 KWh per month will not be required to register. According to Russia’s Federal Tax Service, companies in the country are rushing to obtain Bitcoin mining permits, as around 150 applications have been submitted to date. It is important … Read more
The suspension would go from December 1 to March 2025, and would last until 2031. In the past, mining companies have provided heat to residences and industries. The Russian government announced on November 19, 2024 its plans to ban Bitcoin (BTC) mining during the winter in some regions of the country and at sites taken … Read more
The Russian government approved a set of amendments to a bill that proposes applying taxes to income and expenses from bitcoin (BTC) transactions and mining, in some cases recognizing them as commodities. According to the information spread by the Ministry of Finance, the government of Vladimir Putin agreed to make a series of changes to … Read more
Russia’s deputy chief executive believes that in 5 to 10 years, the electricity shortage will be serious. Putin considers that bitcoin mining “is good,” but there are more important things. The deputy head of the executive cabinet of the presidency of the Russian Federation, Maxim Oreshkin, considered that the electricity shortage may affect the Russian … Read more
The idea of returning to the dollar and not creating its own payment system arose after Trump’s victory. The strategies of the US president-elect are expected to give a new global boost to the dollar. There are still two months until Donad Trump’s inauguration as the new president of the United States and the global … Read more
Russian President Vladimir Putin denied that Russia is seeking to abandon the use of the US dollar in its international transactions. This statement came this week during his speech at the Valdai International Discussion Club, where he took the opportunity to congratulate Donald Trump on his victory in the recent United States presidential election. “We … Read more
“We cannot support any BRICS project to evade sanctions,” said the BIS director. The project has reached the “minimum viable product” stage and is ready for implementation. The Bank for International Settlements (BIS) is considering shutting down its pilot platform for cross-border payments, known as mBridge. This is an idea raised by Agustín Carstens, general … Read more
Russia concluded its presidency of the BRICS alliance with important advances in the development of models to reduce dependence on the dollar, as stated by Russian Vice Foreign Minister Sergey Ryabkov during a press conference following the association’s summit in the Russian city. from Kazan. Ryabkov indicated that the country transfers to Brazil the responsibility … Read more
Russian President Vladimir Putin proposed the creation of an exclusive economic platform for the BRICS countries. This with the objective of strengthening the economies of the member states of the association. During his speech at the BRICS Summit, which ends today, Putin stressed: “The time has come to discuss the idea of creating our own … Read more