Russia covers cripto, but the Kremlin goals remain ambiguous

Several news related to cryptocurrency in Russia dominated the first week of March. Some point to the current development of the sector, while others indicate poor spots that require more action. Let’s examine them to see if Kremlin will accept Cripto.

CRIPTO investment testing

The current status of the crypto in Russia is far from loose inhabitants allowed to buy and hold crypto, but they cannot pay with it. Cripto Holdings are subject to taxation. Also, crypto mining is allowed and regulated, but temporarily prohibited in selected regions.

12. Marta, Bank of Russia offered In order to enable a limited number of “specially qualified” investors to buy and sell cryptocurca. Investors who corresponds to the status was earned by over 50 million rubles (over $ 584,000) in the previous year. They can also have deposits above 100 million rubles (almost 1.17 million dollars). Cripto Trading will also be available for corporate investors.

The media praised this move as a cryptological proposal. It is worth noting that Russia’s bank offered explicitly ban in the crypt between residents for all categories of Russian citizens who do not match the criteria of qualified investors. Therefore, it provides some freedom in Kryptou trading for more million and effectively forbids him for everyone else.

It is currently difficult to assess whether this proposal will be adopted and how much the repressive administration of the law will be.

Russian oil with India and China

For years he was Russian President Vladimir Putin consideration De-dollarization. Occasionally there is a conversation that Chinese Juan could replace the dollar, but strict capital controls are restrictions.

However, as the pressure of Western sanctions grew and various connections have decreased, Russia leaned to Bitcoin in international trade to eliminate sanctions.

14. Marta Reuters export That Russia uses Bitcoin, USDT and Ether in the oil of trade with China and India. The goal is to avoid obstacles associated with sanctions and facilitating the conversion of Russian Russian, Chinese Juan and Indian rupees.

Sources told the output of the news that even if sanctions were raised, the use of digital property is not expected to be stopped, because crusaders have a smooth operability.

Last summer, Russia has introduced an account encouraging companies to use the Krypto for international trade to circumvent Western sanctions. Currently, only a small proportion of oil was sold for cript, which is traded by Russia, but the strength increases.

This news shows that the legislative background created by the Kremlin attracts business not only as a way to circumvent restrictions default with sanctions, but also as a suitable trading tool. Will the government allow the wider use of crypto? It is difficult to say, given the Cremlin, a cautious approach to the cry in the past.

GARATEK VS TETHER

While Russia uses Tether’s USD to avoid sanctions, moorings alone tries to show their commitment to follow them. One example is a pendant freezing of all USDT on a large Russian CRIPTO Exchange guarantor, which sanctioned Europe and the United States

The StableCoin operator has effectively disabled the functioning of the US $ 27 million in March. 6, about a week after it is sanctioned. Exchange called It is a “war in the Russian crypto market” and stopped all operations in an unnamed period. The stock market was offered that in the office of exchange, he personally solves questions with every client. America sanctioned Gatantek much earlier – in April 2022. years.

It was previously bynance announced its USDT delicacy plans (in addition to more other stable) for users from European economic areas, because USD does not comply with new MICA rules that regulate stablecoins in Europe. Tether’s future becomes more vague as the changes in the USA Regulation in the US and Europe.

Such a bold action as freezing Million USD on the sanctioned guarantor is probably an attempt to recover the respect of the company that is respected by the time when stablecoins, especially the USDTT, subject to increased supervision. It is worth saying that many other exchanges continue to provide services to Russian residents. According to a global book, which was finalized 13. March, guarantor deviated as a new exchange called Grinek.

Digital laundry Launch is delayed

Finally, we learned the reasons behind the delay of digital laundry. Unlike the US, Russia will not miss the opportunity to have a national CBDC that gives the government a new tool for supervision over its citizens.

Digital laundry was supposed to be launched in the summer of 2025, but the plans have changed. There are currently no different dates to start CBDC.

Finally, we learned the reasons behind the delay of digital laundry. Unlike the United States, Russia will not miss the opportunity to have a national CBDC that gives the government with a new tool for monitoring and pressure over its citizens. Digital laundry was supposed to be launched in the summer of 2025, but the plans have changed. There are currently no different dates to start CBDC.

According to Vedomy 14. Marta reportThe delay caused the technical inability about 30% of banks to work with digital currencies. Only 20% of banks signaled their willingness to launch. However, Russia will not refuse its CBDC plans.

17. Marta was reported that the pilot test would take place in Russia’s region Tatar in the second half of 2025.