RATE Group | Cryptocurrency in Russia: would the blockchain agenda help Russia?
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Cryptocurrency in Russia: would the blockchain agenda help Russia?

Cryptocurrency in Russia: would the blockchain agenda help Russia?

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Cryptocurrency is Russia is not a popular subject, or rather was not a popular subject despite many miners, traders and entrepreneurs hail from the country.

However, one of the world’s top fifteen economies by size is now going soft on cryptocurrency. Blockchain, on the other hand, enjoyed the same level of acceptance in the country as other since the digital ledger technology is useful without a doubt.

On the other hand, in early 2015 what started as a debate in the private sector now seems to be becoming a reality. A centralized cryptocurrency in Russia is also under consideration. In 2015, however, payment companies were denied permission to deal in cryptocurrency.

Evading US financial system

Russia and the US are two arch enemies despite being thousands of miles apart. It’s only natural that the traders and investors are now seeking to work outside the US dominant areas.

A recent report by the Foundation for Defence of Democracy (FDD) titled, Crypto Rogues U.S. State Adversaries…

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