• Latest
Russia is preparing to ban Crypto as Means of Payment

Russia is preparing to ban Crypto as Means of Payment

November 29, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Ripple

Russia is preparing to ban Crypto as Means of Payment

coinnewsdaily by coinnewsdaily
November 29, 2019
in Ripple
0
Russia is preparing to ban Crypto as Means of Payment
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case

Ripple claims ‘a very big win’ in SEC case

April 19, 2022

Russia’s stance towards cryptocurrency has long been confusing but considering the latest report, it may ban the use of cryptocurrencies as a means of payment.

The report was first revealed by a media outlet Izvestia which cited several sources to the news. It states that the country’s Central bank and regulatory Federal Financial Monitoring Service are likely to ban all forms of crypto pay.

However, Russian citizens are using crypto for e-commerce and in addition, many Russian freelancers are accepting payment in Bitcoin and other cryptocurrencies such as Ethereum. It’s worth noting that Russia hasn’t officially permitted cryptocurrency but citizens often used it for various purposes including to pay for apartment rent, household appliances, computers, hotels, and tickets.

On contrary, the Russian bank or Russia hasn’t still specifically ban crypto yet but the media outlet has cited several sources that hint the stern plan of country’s central bank and financial monitoring watchdog towards the crypto industry. It claims that they are preparing to issue a blanket bank on digital payments.

The report comes in a wake of Russia’s earlier report of seizing digital currency that caught dealing with the criminal activity. Notably, the sources also stated that a couple of government agencies are assigned to prepare possible frameworks that could be used to crack-down crypto activities within the nation. Accordingly, the Ministry of Internal Affairs, the Justice Ministry, the Prosecutor General’s Office will come forward to assist the Russian Supreme Court.

As cryptocurrency is decentralized money, how well Russia succeed in banning cryptocurrency is a matter of concern – echoing the similar concern, Konstantin Golikov, co-owner, and chief executive of the DailyRich explained that;

“If law enforcement agencies begin to discuss the forfeiture of cryptocurrency, then, in fact, they are launching a mechanism for legalizing cryptocurrency on the territory of Russia. But, in my opinion, the Bank of Russia will seriously resist this,”

Image source: Flickr

Credit: Source link

Share76Tweet48
Previous Post

Coinbase Acquires Prime Broker Tagomi for $150M: Source

Next Post

Huobi Russia Announces Ruble Gateway and Initial Exchange Offering Service

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case
Ripple

Ripple claims ‘a very big win’ in SEC case

April 19, 2022
ripple’s case: how will it affect xrp’s 2022 price?
Ripple

Ripple case: How will it affect XRP 2022 price?

April 17, 2022
price analysis 4/11: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/11: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 11, 2022
price analysis 4/6: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/6: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 7, 2022
price analysis 4/4: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/4: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 4, 2022
Load More
Next Post
Huobi Russia Announces Ruble Gateway and Initial Exchange Offering Service

Huobi Russia Announces Ruble Gateway and Initial Exchange Offering Service

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$20,851.00-1.01%
  • ethereumEthereum(ETH)$1,198.84-0.44%
  • tetherTether(USDT)$1.000.22%
  • binancecoinBNB(BNB)$235.390.22%
  • rippleXRP(XRP)$0.356226-2.04%
  • cardanoCardano(ADA)$0.488587-1.11%
  • SolanaSolana(SOL)$38.85-1.78%
  • dogecoinDogecoin(DOGE)$0.072934-2.86%
  • polkadotPolkadot(DOT)$7.80-0.98%
  • Shiba InuShiba Inu(SHIB)$0.0000110.14%
  • daiDai(DAI)$1.000.24%
  • tronTRON(TRX)$0.0670752.80%
  • leo-tokenLEO Token(LEO)$5.73-2.65%
  • matic-networkPolygon(MATIC)$0.54-5.04%
  • litecoinLitecoin(LTC)$56.46-1.25%
  • FTXFTX(FTT)$27.340.26%
  • OKBOKB(OKB)$12.38-0.83%
  • CronosCronos(CRO)$0.1249860.39%
  • chainlinkChainlink(LINK)$6.63-1.95%
  • stellarStellar(XLM)$0.120115-0.85%
  • algorandAlgorand(ALGO)$0.333632-0.43%
  • cosmosCosmos Hub(ATOM)$7.88-3.24%
  • ethereum-classicEthereum Classic(ETC)$16.71-2.21%
  • moneroMonero(XMR)$121.43-3.45%
  • bitcoin-cashBitcoin Cash(BCH)$111.88-1.72%
  • vechainVeChain(VET)$0.0248090.93%
  • tezosTezos(XTZ)$1.6211.34%
  • Internet ComputerInternet Computer(ICP)$5.861.29%
  • theta-tokenTheta Network(THETA)$1.371.66%
  • filecoinFilecoin(FIL)$5.84-0.69%
  • ElrondElrond(EGLD)$56.771.81%
  • bitcoin-cash-svBitcoin SV(BSV)$60.47-1.98%
  • eosEOS(EOS)$0.99-0.22%
  • makerMaker(MKR)$1,015.230.28%
  • AaveAave(AAVE)$66.721.44%
  • paxos-standardPax Dollar(USDP)$1.000.19%
  • huobi-tokenHuobi(HT)$5.341.20%
  • iotaIOTA(MIOTA)$0.2935872.58%
  • zcashZcash(ZEC)$63.07-1.98%
  • neoNEO(NEO)$9.630.90%
  • zilliqaZilliqa(ZIL)$0.045285-2.40%
  • basic-attention-tokenBasic Attention(BAT)$0.4017031.00%
  • wavesWaves(WAVES)$5.970.34%
  • havvenSynthetix Network(SNX)$2.47-8.48%
  • dashDash(DASH)$49.71-0.07%
  • PancakeSwapPancakeSwap(CAKE)$3.350.54%
  • KusamaKusama(KSM)$53.611.18%
  • nemNEM(XEM)$0.0423942.72%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • CompoundCompound(COMP)$50.870.12%
  • ethlendAave [OLD](LEND)$4.103.48%
  • qtumQtum(QTUM)$3.041.58%
  • bitcoin-goldBitcoin Gold(BTG)$17.46-0.55%
  • omisegoOMG Network(OMG)$2.045.69%
  • golemGolem(GLM)$0.2484872.74%
  • SushiSushi(SUSHI)$1.160.05%
  • ontologyOntology(ONT)$0.2516527.10%
  • yearn-financeyearn.finance(YFI)$6,266.54-4.40%
  • umaUMA(UMA)$2.752.09%
  • digibyteDigiByte(DGB)$0.010194-2.01%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....