The FX PostThe FX Post
    What's Hot

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022

    Step Guide to Winning Forex Trading

    September 19, 2022

    Relationship Between Currency Risk and Foreign Bonds

    September 2, 2022
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Crypto Set to Be a Form of Currency in Russia
    Crypto News

    Crypto Set to Be a Form of Currency in Russia

    February 9, 20221 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Paper bill Russian Rubles 5000 RUB, blurred background. The electronic schedule of bitcoin on the exchange, volume trades, on monitor lie gold coins bitcoin.
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Russian regulators have agreed to establish a framework that would acknowledge cryptocurrencies as a form of currency, the government announced.

     

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more

    • The government is set to classify cryptocurrencies as an “analog of currencies” rather than financial digital assets. Draft measures are expected to be drawn up by February 18.

     

    • The measure will establish a method to integrate digital currencies with the Russian financial system while maintaining regulatory oversight on cash flows of credit institutions.

     

    • Cryptos used as a currency will require identity checks through the Russian banking system or licensed partners, and transactions over R600,000 or $8,000 mandated to be declared.

     

    • The government noted that the lack of regulation as well as a ban on the industry would just boost the shadow economy and cause the growth of fraudulent cases moving forward.

     

    The development comes a month after the Bank of Russia proposed a ban on cryptocurrency mining and several operations.

     

    BTC is up 0.94%, ETH up 2.87%, and XRP up 4.05%.

     

    Source: The Russian Government

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    crypto Russia Russian economy
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    Bitcoin dips

    Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’

    June 29, 2022
    Crypto disaster

    Crypto Disaster Drags Providing Returns From 25,000% to Nearly No

    June 27, 2022
    G7 countries to hit Russia

    G7 Countries to Hit Russia With Brand-New Assents

    June 27, 2022
    XRP leads

    XRP Leads Crypto Majors Recuperation, Bitcoin Rises Over $21K as Rate-Hike Issues Subside

    June 24, 2022
    Add A Comment

    Leave A Reply Cancel Reply

      −  2  =  2

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • FlatQube Trade Volume, Trade Pairs & Trust Score
    • Step Guide to Winning Forex Trading
    • Relationship Between Currency Risk and Foreign Bonds
    • Best Social & Copy Trading Platforms
    • Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’
    Featured Reviews
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    CryptoHero

    CryptoHero Review: Pros, Cons, Recommendations

    June 3, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.