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🇷🇺 NEW: Bank of Russia approves non-deliverable crypto-linked financial instruments for qualified investors.
Yields can track crypto, but no direct delivery allowed.
#BankOfRussia $BTC
Yields can track crypto, but no direct delivery allowed.
#BankOfRussia $BTC
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Urgent: Russia Opens the Door to Buying Cryptocurrencies and Payments..
The Central Bank of Russia has decided to allow limited purchases of cryptocurrencies for investors. Russia plans to use cryptocurrencies in international trade to bypass the Western sanctions imposed on it after its invasion of Ukraine in 2022. This is part of its overall strategy, which can be confirmed by recent laws allowing digital payments in global transactions.
Additionally, Russia is regulating cryptocurrency mining to create a trial infrastructure for digital payments. Russia's stance on cryptocurrencies is changing, as it has shifted from opposition and banning cryptocurrency to potentially becoming one of the supporting countries. Based on the information available so far, the new policy of the Central Bank of Russia applies only to specific currencies, currently including Bitcoin (BTC) and Ethereum (ETH).
This is a very exciting development, as major countries have begun to recognize cryptocurrencies and integrate them into their financial systems. This gives cryptocurrencies more credibility and legitimacy, which will attract more institutional and individual interest worldwide. There is also a global trend towards adopting supportive policies for cryptocurrencies and even forming reserves of them. All of this will lead to increased liquidity and buying pressure
#UkraineRussiaCeasefire #RussiaCrypto #bankofrussia #btc #Ethereum
The Central Bank of Russia has decided to allow limited purchases of cryptocurrencies for investors. Russia plans to use cryptocurrencies in international trade to bypass the Western sanctions imposed on it after its invasion of Ukraine in 2022. This is part of its overall strategy, which can be confirmed by recent laws allowing digital payments in global transactions.
Additionally, Russia is regulating cryptocurrency mining to create a trial infrastructure for digital payments. Russia's stance on cryptocurrencies is changing, as it has shifted from opposition and banning cryptocurrency to potentially becoming one of the supporting countries. Based on the information available so far, the new policy of the Central Bank of Russia applies only to specific currencies, currently including Bitcoin (BTC) and Ethereum (ETH).
This is a very exciting development, as major countries have begun to recognize cryptocurrencies and integrate them into their financial systems. This gives cryptocurrencies more credibility and legitimacy, which will attract more institutional and individual interest worldwide. There is also a global trend towards adopting supportive policies for cryptocurrencies and even forming reserves of them. All of this will lead to increased liquidity and buying pressure
#UkraineRussiaCeasefire #RussiaCrypto #bankofrussia #btc #Ethereum
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