Blockchain 

Crypto Adoption | Russia Testing and Finland Regulating

The crypto world has continued to grow each passing day, and the industry is closer to global crypto adoption judging from the events and developments of the last week of April. Crypto Adoption: Russia Opens Four Regions The Russian Federation has indicated that it is opening four regions in the country to test cryptocurrency. This is a significant milestone towards crypto adoption around the world. The Federation will test crypto innovations in regions that are not under the purview of the current regulations. A bill drafted by the Economy Ministry of…

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Blockchain 

Russia Crypto Adoption | President Putin Orders Crypto Regulations

According to a document published on the Russian President’s official website, Vladimir Putin has ordered the Russian Government to adopt cryptocurrency regulations by July 1st this year. The move will help Russia crypto adoption. Setting the deadline, the Russian President has ordered the body to enforce crypto-related regulation for the digital assets industry. Russia Crypto Adoption The transcript reads the following: “Federal laws aimed at the development of the digital economy, including determining the procedure for conducting civil law transactions in electronic form, as well as regulating digital financial assets…

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Bitcoin 

Russia to Avoid US Sanctions with $10 Billion Bitcoin Investment

According to a Russian economist with ties to the Kremlin, the superpower is preparing a massive $10 billion USD investment in Bitcoin to replace its US dollar reserves. Russia’s Bitcoin investment is a step to minimize US sanctions on the country. Russia’s Bitcoin Investment Vladislav Ginko, an economist at the Russian Presidential Academy of National Economy and Public Administration, said the Bitcoin investment was a step taken to avoid US sanctions on Russia. Ginko believes that Russia’s decision to hold Bitcoin as a reserve currency instead of the US dollar is…

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