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Russian Official Declares BRICS Payment System a Real Alternative to US Dollar

[Dec 19 3:30 AM] A top Russian official has declared plans for a BRICS payment system “not hypothetical,” signaling a shift toward reducing reliance on the dollar through alternative financial mechanisms. A New Era? Russia Claims Feasibility of BRICS Payment…

Russian Settlements Face Another Blow: U.S. Treasury Hints at Sanctions Against Chinese Banks

[Dec 17 11:30 AM] U.S. Treasury Secretary Janet Yellen recently referred to the possibility of enacting sanctions against Chinese banks as the U.S. prepares to deepen its measures to weaken the Russian economy. This could affect trade settlements between Russia and…

Russian State Duma Deputy Chairman Calls out Tariff Bluff, Remarks on Digital Currencies’ Role in Freeing International Trade

[Dec 16 10:30 AM] Alexander Babakov, Deputy Chairman of the Russian State Duma, called out President-elect Trump’s recent threats regarding the hypothetical implementation of a 100% tariff regime on the BRICS bloc, stating that such an application was…

EU Seizure of Russia’s Assets Could Erode Euro’s Reserve Status

[Dec 13 4:30 AM] Seizing Russia’s frozen assets risks catastrophic fallout, including collapsing trust in global financial systems, destabilizing the euro, and sparking severe retaliatory measures. Confiscating Russia’s Assets Could Backfire Catastrophically…

Russian State Duma Deputy Proposes Strategic Bitcoin Reserve

[Dec 9 10:01 PM] Follow Nikolaus On 𝕏 Here For Daily Posts Today, Russian state-owned domestic news agency, RIA Novosti, reported that State Duma Deputy Anton Tkachev proposed creating a strategic bitcoin reserve for Russia, claiming they have obtained a copy…

Putin Confirms Digital Ruble Integration in Russia’s Federal Budget

[Dec 6 3:30 AM] Russia is set to integrate its central bank digital currency (CBDC), the digital ruble, into its federal budget system starting next year, with nationwide adoption targeted by July 1, 2025, President Vladimir Putin announced at the 15th VTB Russia…

Russia sentences Hydra market founder to life in prison

[Dec 4 2:29 AM] Hydra market founder Stanislav Moiseev and 15 of his accomplices were jailed for between 8 and 23 years for their involvement in the darknet market and crypto mixer.

BRICS Alliance Expands: Russia Confirms No Partner Declines

[Dec 1 5:30 AM] BRICS expansion is progressing without setbacks, as no invited countries have declined partnership offers, with the finalized list expected before year-end, Russian officials confirm. BRICS Expansion Gains Momentum: No Declined Invitations Russia…

Dollar’s Role Shrinks as 80% of Russian Export Revenues Shift to Non-Toxic Currencies

[Nov 30 4:30 AM] Russia’s central bank, the Bank of Russia, has revealed that over 80% of major Russian exporters’ revenues are now denominated in rubles and “friendly” currencies, marking a significant shift from Western currencies. Deputy…

Putin Signs Law Declaring Crypto as Property in Russia

[Nov 30 2:30 AM] Russia officially declares cryptocurrency as property, unleashing groundbreaking tax rules: mining exemptions, progressive income taxes, and steep corporate levies starting in 2025. Crypto Officially Property in Russia After Putin Signs Landmark…

4 reasons why $100K is the next logical step for Bitcoin

[Nov 28 6:00 PM] Bitcoin’s path to $100,000 is supported by strong institutional interest, macroeconomic trends and miner confidence.

Russian gov’t approves new crypto taxation framework

[Nov 28 8:58 AM] The Russian Federation Council’s approval of the new crypto taxation regime comes amid Bitcoin hitting all-time highs against Russia’s national currency, the ruble.

Russia Approves Crypto Tax Law, Redefining Digital Currency Rules

[Nov 28 3:30 AM] Russia’s new crypto tax law classifies digital currencies as property, exempts mining from VAT, and mandates detailed reporting, signaling a seismic shift in regulation. Russia’s New Crypto Tax Rules Signal a Major Shift in Digital Currency…

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets

[Nov 22 9:30 AM] Russia has revealed that it will respond in kind to the actions of Western governments, which are preparing to make a $50 billion loan to Ukraine collateralized by frozen Russian assets, potentially escalating this conflict. Russia Preparing…

Russia’s Foreign Trade Defies Western Sanctions, Official Claims

[Nov 22 3:30 AM] Russia’s foreign trade is defying Western sanctions, with rising imports, resilient transaction systems, and projected economic growth outpacing stagnating Western economies. Western Sanctions Meet Resistance as Russia’s Trade Surges Russian…

Russia to restrict crypto mining in 13 regions to save electricity

[Nov 20 11:45 AM] If approved, the restrictions would seriously affect Russia’s crypto mining operations, as some key local industry firms have a heavy presence in regions like Irkutsk.

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

[Nov 20 6:30 AM] Russia’s governmental commission on electricity development approved cryptocurrency mining restrictions on Monday, set to take effect on Dec. 1 with subsequent enforcement covering Nov. 15 to March 15 annually through 2031. Deputy Energy Minister…

Russian Energy Ministry Proposes Periodic Crypto Mining Restrictions in Certain Regions

[Nov 17 7:30 AM] The Russian Energy Ministry has officially proposed limiting crypto mining activities in certain special regions affected by energy shortages. The authorities have the right to impose such a ban following the enactment of the recent national…

Russia’s Massive Leap: Digital Financial Market Eyes Trillion-Ruble Milestone

[Nov 16 7:30 AM] Russia’s issuance of digital financial assets could reach 10 trillion rubles (approximately $101.36 billion) by 2026, according to Sberbank Deputy Chairman Anatoly Popov. Speaking in Moscow, Popov noted that the current market volume for digital…

Inside Russia’s Crypto Rules: Sberbank CEO Reveals Key Insights

[Nov 14 5:30 AM] Sberbank CEO Herman Gref announced that using cryptocurrencies as a payment method within Russia is currently prohibited by law and is unlikely to be allowed in the near future. Speaking at the “FI day. Blockchain: on the edge of a new…

Russia and China Join Forces to Prevent Global Crisis, Experts Say

[Nov 13 10:36 PM] China-Russia cooperation is helping to stabilize the region and avert a global crisis, according to Zhang Hong, a research fellow at the Chinese Academy of Social Sciences. Zhang emphasized that as permanent members of the UN Security Council…

Russia-India Trade Nears 90% Dollar-Free — A Game-Changing Pivot

[Nov 13 5:30 AM] The use of national and alternative currencies in Russia-India trade has reached nearly 90%, according to Russian First Deputy Prime Minister Denis Manturov. Speaking at a Russian-Indian intergovernmental commission meeting, Manturov emphasized the…

Russia’s Gold Reserves Climb to $207.7B — A Shift in Global Strategy?

[Nov 12 4:30 AM] Russia’s central bank reported a record high of $207.7 billion in gold reserves for October. Gold’s share in Russia’s total international reserves rose from 31.5% in September to 32.9%, the highest level since November 1999, when it reached 34%…

BRICS Digital Asset Platform Proposal Poised to Reshape Global Investment

[Nov 11 12:30 AM] A proposed BRICS digital asset platform could ignite unprecedented investment in South Asia, Africa, and Latin America, driving growth in emerging markets. Digital Assets at the Core of BRICS’ Ambitious New Investment Platform Russian President…

Kremlin Warns: Global Concerns Grow Over Dollar’s Political Use

[Nov 8 11:29 PM] Kremlin spokesman Dmitry Peskov noted that the abuse of the U.S. dollar as a political instrument has caused other nations to be concerned about potential roadblocks to using the currency in the future. Kremlin Highlights Nations’ Concerns on…

Dos and Don’ts: Finance Minister Explains Russia’s Cryptocurrency Strategy

[Nov 7 2:30 PM] Anton Siluanov, Russia’s Finance Minister, has clarified how cryptocurrency will be utilized in the country’s financial system now that mining has become legal. Siluanov stated that international settlements will be the primary use case…

Beyond the Dollar: Russia’s Path to Economic Independence Emerges

[Nov 7 4:30 AM] Russia is reshaping global finance, pivoting from the dollar to local currencies as more nations rally for alternatives to U.S. dominance in global transactions. A New Currency Frontier? Russia’s Strategy Signals Global Shift Kremlin spokesman…

Ripple CEO Loses Bank Account, Russia’s New Crypto Law, and More — Week in Review

[Nov 3 12:30 PM] Ripple CEO loses his long-term bank account, Russia publishes new crypto law, BRICS payment system aims to be a SWIFT substitute, and more in this Week in Review. Week in Review Ripple’s CEO recently disclosed the closure of his 25-year-old bank…

Russia’s Sweeping Crypto Mining Regulations Take Effect, Setting Strict New Rules

[Nov 3 1:30 AM] Russia’s sweeping crypto mining regulations took effect Nov. 1, transforming the industry with strict energy caps, mandatory registration, and stringent oversight. Russia’s Crypto Law Takes Effect, Sparking Changes in Energy and Oversight On Nov…

Has Russia really ‘legalized’ cryptocurrency mining?

[Nov 1 8:51 AM] Russia’s crypto mining laws have filled the “regulatory vacuum,” but there is still a lot of legal uncertainty about many aspects of regulation.