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Crypto
Russia digital ruble tops 220,000 accounts in first month
The number of digital ruble accounts opened at Russia’s central bank exceeded 220,000 in the first month after launch, far above an initial official estimate of about 60,000, according to reports. Deputy Governor Zulfiya Kahrumanova said the figure topped 220,000 within a month. The early uptake comes as BRICS members discuss linking central bank digital currencies for cross-border payments and as Russia seeks to reduce reliance on existing payment networks.
Crypto
Iran firms turn to bitcoin instead of oil to weather sanctions
Iranian companies are increasingly using cryptocurrencies to keep overseas remittances and transactions going amid sanctions and financial isolation. Oil remains central to state finances, but digital assets have become a practical payment tool for day-to-day business. Rising regional tensions have coincided with moves in oil and bitcoin prices. Users convert rial deposits into crypto for transfers abroad, while mining has spread on low electricity costs, though it strains the power grid and enforcement.
Crypto
Russia to legalise crypto payments for foreign trade from July 1, allowing bitcoin and stablecoins
Russia will officially allow cryptocurrency payments in foreign trade from July 1, permitting bitcoin and stablecoins in import and export transactions. The system, prepared by the central bank and the finance ministry, formalises a framework piloted since 2024 and applies to external settlements with countries that continued trading after Western sanctions. Crypto payments will be limited to eight approved platforms, with reporting requirements for transactions above 100,000 roubles.
