Russia Confirms Ruble as Sole Legal Tender, Bans Crypto for Payments

TLDR Russia has reaffirmed that only the ruble can be used for payments, banning Bitcoin and all crypto in domestic transactions. Cryptocurrencies are allowed for investment and select cross-border trade but are not recognized as legal tender. Anatoly Aksakov stated that there are no plans to soften the crypto payment ban under any circumstances. The [...]

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