Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It
Acknowledging Venezuela’s efforts to deal with inflation and sanctions by creating a state-issued cryptocurrency, Russian officials have nevertheless declined a proposal to use the oil-backed coin in bilateral trade. According to Russian media, Moscow has recently offered Caracas a set of measures aimed at mending the country’s economy but the petro is not among the […]
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Draft laws employing alternative approaches to regulating digital currencies have been introduced in Ukraine and Russia. In Kiev, a bill that classifies cryptocurrency as an asset, unit of exchange and store of value has been filed in the Rada and it’s supported by both deputies and representatives of the industry. In Moscow, the managers of […]
Buying cryptocurrency in Russia these days increasingly means parting with fiat cash, be it Russian rubles or American dollars. According to numbers quoted by local media, the 24-hour market turnover, just in Moscow, reaches a staggering $50 million dollars on peak days. Some say the cash-crypto trade resembles the wild-wild-east street forex of the 90s, […]
Russian crypto-media have asked a meaningful question – why World Cup tickets can’t be bought with cryptocurrency. Credit card payments and bank transfers are currently accepted, but are they an option for every fan who wants to go to the stadium? And, is it really impossible to get a ticket with your bitcoin? Also read: […]
Venezuelan government intends to purchase Russian auto parts with its state-issued cryptocurrency. Ministers from both countries have discussed the use of the petro in bilateral transactions during a high-level meeting in Caracas. Possible Russian crypto investments are also on the agenda. Also read: Venezuelans to Buy Homes and Property with State Cryptocurrency Caracas to Build […]
The number of bitcoin ATMs is on the rise in Russia. Ten of them were recently installed in five districts of Novosibirsk by a local startup. Last week, a different company announced their plans to install a hundred cryptocurrency ATMs in Moscow hotels and airport terminals starting this month. Meanwhile, the regulators have said that […]
A large dining establishment in the center of Moscow reportedly became the first restaurant to accept bitcoin payments in Russia’s capital city on Tuesday, according to local media outlets. Valenok is part of the Novikov Group, which owns over 50 restaurants and franchises. Now the company is considering installing bitcoin ATMs as well. Also read: Bitpoint
According to the regional news outlet, Uznay Vse, a Russian Burger King located in Moscow has begun testing bitcoin payments for food and drink purchases. The option to use the decentralized currency at Burger King Russia locations is expected to be rolled out across a few more restaurants in the country by the end of
