Majority Of Russians Say They Would Rather Buy Crypto Over Traditional Assets
Crypto has grown to be the investment of choice for a lot of people across the globe. This time, a poll carried out by the Association of Forex Dealers (AFD) has found the majority of Russians currently favor digital assets over traditional ones. The survey showed that options like fiat currencies or gold had fallen […]
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Russia is not going to follow China’s course and does not plan to ban its citizens from purchasing cryptocurrency on foreign exchanges, a high-ranking government official has indicated. Russians will not be able to pay with digital coins in their own country but are free to use crypto wallets beyond its borders. Russians Can Purchase Cryptocurrencies on Foreign Exchanges Unlike the Chinese government, authorities in Moscow do not intend to impose restrictions on the purchase of cryptocurrency on digital asset exchanges based abroad, a statement by Russia’s deputy minister of....
Russians are headed toward crypto platforms of the United Arab Emirates (UAE) in an attempt to save their fortunes, requesting crypto firms to liquidate billions of dollars, as per Reuters. Similarly, some of them want to buy real estate in UAE, while others are desired to convert their assets into fiat money and hide it. […]
Up until now, the Russian authorities had shown a skeptical view on using Bitcoin and cryptocurrencies for investments. Authorities from the country have expressed a general fear of its volatility and lack of transparency being an amicable medium for possible money laundering. Related Reading | Majority Of Russians Say They Would Rather Buy Crypto Over Traditional […]