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Crypto

Russia partly legalises crypto investment and trading, bars domestic payments

Russia will partly legalise cryptocurrency investment and trading from Sept. 1 local time under a new law, while keeping a ban on crypto payments inside the country. Residents will be able to buy digital assets through intermediaries licensed by the central bank, and exchanges must obtain new approval and meet capital requirements. Limits will apply to non-professional investors. The law also allows crypto use for international settlements by Russian firms.

Crypto

Russia to roll out digital rouble payments from Sept 1; crypto payment ban remains

Russia will begin introducing digital rouble payments from Sept. 1 local time, but will keep prohibitions on using cryptocurrencies as a direct payment method. Major telecoms, online marketplaces and key banks are set to support the state-controlled digital currency, which becomes a third form of national money alongside cash and non-cash roubles. Laws set phased obligations for firms and banks to adopt the system, though surveys show limited consumer willingness to use it.

Crypto

Mastercard to sponsor XRP Ledger hackathon in October in latest Ripple collaboration

Mastercard will join as a sponsor of an XRP Ledger (XRPL) hackathon to be held in New York in October, extending a year-long expansion of cooperation with Ripple. The 36-hour event will run on Oct. 24 to 25 and is scheduled just ahead of Ripple’s annual Swell conference. The hackathon will feature four tracks, including protocol innovation and agentic finance, and will also allow existing teams to join by adding XRPL features.