Bank of Russia Eases Restrictions on Purchases of Dollar and Euro Cash – Finance Bitcoin News

The increased supply of foreign cash may affect the crypto market in the country as currency restrictions have been a driver of increased demand for digital coins.The Central Bank of the Russian Federation has lifted one of the restrictions on the sale of U.S. dollars and euros in cash to private individuals imposed amid Western sanctions over the war in Ukraine, the Interfax news agency reported.

The regulator explained that these may include transactions with non-resident banks as well as foreign cash deposited by Russian legal entities. The adjustment will allow banks to increase the supply of cash dollars and euros, its press service said, noting that other restrictive measures will remain in place until March 9, 2023, as announced earlier this year.

Source: News Formal (newsformal.com)

Between Euro and USDT I’d choose the second one.

Perhaps Putin shouldn't have ordered Russian armed forces to invade Ukraine?

Tether volume is growing there as well

They’d better start accepting USDT.

Blockchain and crypto is the next big thing.tokens like $LUCHOW,$MLOKY and $ETH2.0 are going to bring more opportunities in this market.

I purchased two bitcoin March 2020. A 9 thousand Dollar investments I have learned never to hold long in any cryptocurrency or stock I was greedy and wanted a 100,000 now look at me? I’m thinking about selling. 🤬🤬

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I think in such conditions russians will prefer stablecoins like $USDT

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Oh oh the war is fixing to end !

What are you waiting for to create your own token ERC20 in

They should just close their country to globe.

Nice

Wow that's awesome 👍

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Nice

Whys nonee talkin about this?

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