Russia's Strategic Movements in the Crypto Sphere: Timelines and Prospects
by aria-crypto.com
March 6, 2025 at 03:48
Russia's Strategic Movements in the Crypto Sphere: Timelines and Prospects
Russia is poised to potentially establish a strategic cryptocurrency reserve within the next one to three years, according to Oleg Ogienko, Deputy CEO of Bitriver. He emphasizes that this development hinges on Russia's ability to craft a suitable regulatory framework and securely manage digital assets. As other nations, including the U.S. under President Trump's administration, move to integrate cryptocurrency into their economic strategies, Russia's ambitions could bolster its financial landscape. U.S. policy shifts are influencing global perspectives on crypto, with Trump's announcement of a U.S. strategic cryptocurrency reserve featuring major digital currencies like BTC, ETH, and others. Meanwhile, the Russian Finance Ministry has indicated that considerations for a crypto reserve will depend on the National Welfare Fund’s capacity to incorporate riskier assets once it meets a sufficient economic threshold. Deputy Finance Minister Vladimir Kolychev has pointed out that the current volatility of cryptocurrencies makes them an impractical choice in the short term, focusing instead on gold and yuan reserves. Nonetheless, the possibility remains open for future inclusion of cryptocurrencies, marking a cautious but significant interest in the crypto realm by one of the world's major economies. Additionally, an exclusive experimental cryptocurrency initiative is in the works in Russia, specifically targeting highly qualified investors, which further underscores the country’s cautious but strategic approach to integrating digital currencies into its financial system.
Read more
>> EU Embraces Fireblocks' Cyber Resilience Tools Amidst Enhanced Crypto Regulations
Crypto custody firm Fireblocks has introduced a new cyber security solution aimed at aiding companies in adhering to the Digital Operational Resilience Act (DORA) recently implemented across the European Union....
>> IMF and El Salvador: A Tense Bitcoin Saga Unfolds with Crypto Implications
The tension between El Salvador's government and the International Monetary Fund (IMF) has escalated over the nation's strategic use of Bitcoin. The controversy centers on El Salvador’s recent $1.4 billion IMF ...
an hour ago
>> CFTC and SEC Enhance Coordination for Better Crypto Regulation Clarity
Crypto regulation in the United States might see new developments as the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) enhance their coordination efforts. Key figu...
>> Ripple's $50M Commitment Boosts US Crypto Education Through NCA Initiative
Ripple has granted $50 million to initiate the National Cryptocurrency Association (NCA) in the United States, aiming to simplify and spread cryptocurrency knowledge. The NCA will focus on filling the education...
2 hours ago
>> Canada Sees Surge in Bitcoin Prices as Trump Postpones Tariffs
Bitcoin experienced a significant increase on Thursday, jumping over 6% in response to President Donald Trump's decision to delay new auto tariffs for one month under the USMCA, involving Canada and Mexico. The...
3 hours ago
>> Nasdaq's BioNexus Pioneers Ethereum Integration into Corporate Treasury Strategy
BioNexus Gene Lab Corporation has unveiled an Ethereum-focused treasury strategy, marking it as the first Nasdaq-listed company to adopt Ethereum over Bitcoin for this purpose. The announcement was accompanied ...
6 hours ago
>> Turkey's Legal Framework and Cryptocurrency: A Pivotal Moment for the Economy and Law
A significant legal challenge is underway in Turkey as a local law firm, GlobalB, prepares to contest the national crypto payment ban in court on May 28 in Ankara. The case aims to revise existing regulations t...
>> Crypto Regulation Tightens in Singapore as Fraud Concerns Mount
Singapore's stance on cryptocurrency is becoming increasingly cautious due to a surge in fraud cases. Minister of State for Home Affairs, Sun Xueling, has recently highlighted the challenges in regulating crypt...
>> US Government Cracks Down on Illicit Bitcoin and Monero Transactions
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has recently sanctioned several Bitcoin and Monero addresses. These sanctions target Behrouz Parsarad, an Iranian national believed ...
14 hours ago
All the latest crypto news in one place
Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Launch Terminal
