Bill to ban digital assets as payment introduced in Russian parliament

The legislation would oblige the DFA managers to withhold any deals, implicating the usage of crypto as a monetary surrogate In recent months, Russian legislators have been preparing measures to fully institutionalize crypto as a properly taxable investment asset and a possible tool for foreign trade in Russia.

Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT

Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency.