**** Russian crypto market

Belarus’ Largest Bank Launches Cryptocurrency Exchange Service

The largest bank in Belarus, Belarusbank, has reportedly begun providing a cryptocurrency exchange service, allowing customers to buy bitcoin using Visa cards. Ба́бушка на́двое сказа́ла.No one can know for certain.Russian proverb Belarusbank’s new cryptocurrency exchange service is in collaboration with bitcoin exchange service provider Whitebird, several local news outlets reported Thursday. The bank revealed its […]

East Asia Dominates World’s Onchain Crypto Activity, Europe and North America Trail Behind

Crypto activity continues to flourish worldwide, according to a new cryptocurrency adoption index published by the blockchain intelligence firm Chainalysis. The researchers compile onchain digital currency retail value transferred, onchain crypto deposits, peer-to-peer exchange volume, and other types of methodology. Без му́ки нет нау́ки.Adversity is a good teacher.Russian proverb Chainalysis recently published a new report […]

Binance targets more European users with its 7% cashback Visa Card launch

The Binance Visa Card is now available across the entire European Economic Area (EEA), as per Binance’s statement shared a few hours ago. The card is directly linked to users’ Binance accounts and it comes on different levels. According to Binance, users can use the card to spend digital assets in their Binance accounts to […]

Experts: Country to build fintech hubs

China plans to build pioneering fintech hubs nationwide, focusing on the research and development of blockchain technology and digital currency to boost investment in financial infrastructure, according to officials and experts on Tuesday. They made the remarks at the 2020 China Financial Technology Forum, part of the ongoing 2020 China International Fair for Trade in […]

Cryptocurrency: the next battleground in the US-China rivalry

Washington’s weaponisation of the US dollar as a foreign policy tool depends on its pre-eminence as a global reserve currency. Безопасность прежде всего.Safety first.Russian proverb But the emerging threat to this hegemony is e-currencies, and Beijing’s huge head start could put it in control of the world’s financial structure. The United States Department of Justice […]

Russia Ministry of Finance proposes amendments on digital currency ban

The issue of digital currency regulation in Russia took another turn this week, with news the Ministry of Finance is seeking to amend the law “On Digital Financial Assets,” just a matter of months after it was passed. The Ministry proposed a series of amendments to the new law which would have the effect of […]

Russia issues landmark digital currency-backed loan

Expobank, the former Russian subsidiary of Barclays, has issued a digital currency collateral loan to Russian entrepreneur and tax consultant Mikhail Uspensk. Uspenk bought Waves tokens (WAVES) in 2018 during their ICO but quickly learned that his WAVES were useless. Therefore, he decided to use his WAVES as collateral for a loan he has taken […]

A possible future use for bitcoin? Russian bank issues loan using cryptocurrency as collateral for first time

A Russian bank has issued a loan secured by cryptocurrency for the first time ever, marking a new milestone in the history of the controversial digital alternatives to existing financial instruments. В глаза льстит, а за глаза пакостит.To carry fire in one hand and water in the other.Russian proverb The loan, issued by Expobank to […]

Huobi Global Announces Measures to Strengthen Its Presence in Russia

The exchange is taking advantage of the growing Russian crypto market. As part of its Russian expansion plans, Seychelles-based exchange Huobi Global appointed Vladimir Demin as the company’s chief advisor. His main role will be to help develop the company’s market in the region. According to the announcement, he had previously served as partner and […]

State-owned Sberbank eyes launching Russia’s stablecoin

Russia’s largest bank Sberbank is reportedly preparing to launch a stablecoin. The “Sbercoin” will be equal to a fixed amount of Russian Ruble and it will be used for digital financial asset settlements, the bank said. “Sberbank specialists have been working on the technical and legal possibility of issuing Sbercoin as a settlement tool for […]

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