Russia

Cryptocurrencies Not a Risk to Stability, Russian Study Concludes

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 Cryptocurrencies Not a Risk to Stability, Russian Study Concludes: A study has found that despite their volatility, cryptocurrencies do not endanger the financial system and the economy of Russia, as the risks are offset by the highly concentrated ownership of digital assets.  Crypto fluctuations are not believed to affect consumption either. Russian residents have controlled … Read more

Vladimir Putin ‘considers launching bitcoin to help Russia evade sanctions’

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In the latest on bitcoin, a report has it that Vladimir Putin ‘considers launching cryptocurrency to help Russia evade sanctions’. Kremlin economic advisor, Sergei Glazev, reportedly said new ‘cryptorouble’ could be useful to carry out ‘sensitive activity on behalf of the state’.  Vladimir Putin’s government is seeking ways to establish a cryptocurrency that could help … Read more