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However, this method, at the end, felt too costly and clunky for Alexander to use regularly, he said. Now, he’s looking into more traditional, fiat remittance options that still work for Russian citizens. For example, KoronaPay, a Cyprus-registered fintech company, allows users to send money between Russia and multiple other
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Following the record 7.5% high for January, the U.S. Labor Department’s Consumer Price Index (CPI) data shows February’s CPI metrics rose to 7.9%. The CPI data published on Thursday is a new 40-year high and month over month, inflation jumped by 0.8%. President Joe Biden is blaming the inflation spike
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Bitcoin’s price increased momentum early Monday, breaking through the 38,500 barrier zone, but mostly wobbled after Russian President Vladimir Putin’s nuclear deterrence alert announcement. The cryptocurrency attempted an upside run beyond $39,500 and $40,000 but corrected down on Sunday as Putin increased the alert level on his country’s nuclear deterrence in
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Despite Russian officials' increased interest in cryptocurrencies like Bitcoin (BTC), Russia’s internet ombudsman expressed confidence that local crypto regulations will remain largely prohibitive.Dmitry Marinichev, Russia’s ombudsman for the protection of entrepreneurs' rights under Russian President Vladimir Putin, discussed Russia’s approach to cryptocurrency regulations at a panel of a major local industry
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Russia has no reason to recognize bitcoin, President Putin’s press secretary has noted after El Salvador became the first country to adopt the digital coin as legal tender. In a statement to the press, Dmitry Peskov revealed he is convinced that such a move would not bring any benefits to
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Sergei Guriev, professor of Economics at Paris’ Science Po and Vladimir Putin’s critic, told Cryptox how Bitcoin can be used as a tool to combat authoritarian regimes despite having “no fundamental social value.”Unlike fiat currencies, the purchasing power of Bitcoin is not backed by any institution. That is why, according
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