Russia Ban

Putin-Signs-Bill-Outlawing-Cryptocurrency-Payments-in-Russia
Putin Signs Bill Outlawing Cryptocurrency Payments in Russia

Russian President Vladimir Putin signed a bill that bans the use of digital financial assets. Russians will not be allowed to use digital assets to pay for goods and services. Digital asset exchanges will have a given time to comply with the new law. According to Russian business media outlet RBC, Russian President Vladimir Putin signed a bill that bans the use of digital financial assets (DFA) such as Bitcoin and digital utility rights (DPR) as a method of payment in Russia. After being published in the government’s gazette, the legislation will go into effect 10 days later. The bill

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Bitcoin in Green as Exchanges Defy Russia Ban Calls
Bitcoin in Green as Exchanges Defy Russia Ban Calls

Bitcoin saw an overnight surge of 15% from $37,000 to $43,500. Indicators show that the crypto is not overbought. This spectacle came as crypto exchanges defied calls to ban Russian users. Bitcoin and many other altcoins have been witnessing gains despite market uncertainties brought forth by Russia’s invasion of Ukraine. In fact, from a bearish price of $37,600 to a hyper-bullish $43,500. This is a remarkable overnight surge of at least 15.5%, with no plans of stopping. As seen on the chart above, Bitcoin price reached as high as $44,180 at Binance. Also, the surge of buyers on crypto exchanges

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