Recent news from Russia highlights the evolving landscape of cryptocurrency as the government grapples with regulations and international trade sanctions. While some developments appear positive, challenges remain, especially for everyday citizens.
- Residents can buy and hold crypto but cannot use it for payments.
- Only qualified investors with substantial wealth can trade cryptocurrencies.
- Russia is using Bitcoin and USDT in oil trades with China and India.
- Tether froze $27 million in USDT on Garantex, affecting its operations.
- The launch of the Digital Ruble has been postponed, with no set date.
| Event | Details |
|---|---|
| Potential Bitcoin Price | $40,000 next month |
| Tether Frozen Amount | $27 million |
| Qualified Investor Limit | Over 50 million rubles (~$584,000) |
