Bank of Russia confirms its anti-crypto stance

    The Central Bank of Russia (CBR) has again taken an antagonistic stance against crypto, citing crypto’s inherent volatility and illegal use as a key reason for their conservative position. Sources said the CBR’s current stance on cryptocurrency is one of “complete rejection.” CBR Governor, Elvira Nabiullina, said during Friday’s online press conference that the Bank…

    The Union State of Russia and Belarus may implement the first CBDC of the former Soviet Republics.

    This is more of an assumption, but the progression of events, the documents being adopted, and the author’s own information sources all indicate that the state digital currency of the Union State of Russia and Belarus could arrive completely out of the blue. The dramatic events unfolding in Belarus since August of last year are…