BusinessPostCorner.com
No Result
View All Result
Monday, July 14, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Russian & Iranian Crypto Sectors Talk Cooperation

June 12, 2023
in Crypto News
Reading Time: 3 mins read
A A
0
Russian & Iranian Crypto Sectors Talk Cooperation
ShareShareShareShareShare
Source: polack/Adobe

Russian and Iranian crypto and fintech industry group leaders have discussed ways the nations could use tokens to evade sanctions and facilitate trade.

The talks were held at a summit in Tehran named the International Exhibition of Financial Industries.

A panel discussion on crypto adoption was uploaded to the event’s official channel on the Aparat video sharing platform.

The panel featured Iranian government officials, such as the head of the Ministry of Information and Communication Technology’s innovation and investment department.

No Russian government officials were in attendance at the panel session.

But one notable speaker was Alexander Brazhnikov, the Executive Director of the Russian Association of the Cryptocurrency and Blockchain Industry (RACIB).

The RACIB is one of the most outspoken and prominent Russian crypto industry organizations.

Also in attendance was the Secretary of the Iranian Fintech Association Mustafa Amiri.

Brazhnikov’s counterpart, the CEO of the Iran Blockchain Association Abbas Ashtiani also attended.

The panel discussed the changing regulatory framework for crypto in Russia and Iran.

Brazhnikov suggested that he expected to see new legislation come into force in Russia by September.

Lawmakers are hopeful of legalizing the use of crypto in international trade, with Moscow frozen out of most USD-powered trade.

Alexander Brazhnikov, the Executive Director of the Russian Association of the Cryptocurrency and Blockchain Industry (RACIB), sits at a table and fields questions on a fintech event panel.
Alexander Brazhnikov, the Executive Director of the Russian Association of the Cryptocurrency and Blockchain Industry (RACIB), speaking at a fintech event in Tehran last week. (Source: Iran_Fintech/Aparat/Screenshot)

Will Russia and Iran Swap Fiat for Crypto?

The Russian Central Bank has explained that it wants to introduce a “pilot” where it can “supervise” trading companies as they conduct crypto transactions under its purview.

Rosbank, one of the nation’s biggest banks, is also reportedly facilitating trade for Russian businesses via a pilot program.

But Brazhnikov suggested that companies that want to trade using crypto instead of fiat need not concern themselves with banking sector regulations.

He said:

“Generally speaking, in this sector, banks are not needed. […] In Russia, as I see it, banks are not needed [to conduct trade deals in crypto]. We have crypto brokerages and crypto exchanges.”

And the RACIB stated that “certain relationships” had already been formed between Moscow-based crypto exchanges and Iranian companies.

Back in February, Russian government officials said they would not be hurried into green-lighting crypto trade between Moscow and Tehran.

But the two nations have previously discussed the possibility of co-launching a gold-pegged stablecoin.

And Moscow has confirmed that several Russian firms are already doing trade in crypto.

These firms appear to have begun crypto-powered trade without waiting for an official “green light.”

The exhibition describes itself as “the largest financial event in the Middle East region.”

And it says that it is “one of the most important gatherings of economic activists in the country.”

Experts have previously claimed that Russia and Iran may have begun crypto-powered trade as early as 2019.

Speaking at a recent Russian financial sector event, an analytics firm claimed that almost $300 million worth of P2P crypto trades is made available on a “daily” basis.

This could undermine the reputation of the nation’s banks, the firm said.

The company claimed that P2P traders and unlicensed crypto exchanges were making use of Russian commercial bank accounts to make crypto sales.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Solano, Cardano and Polygon plunge nearly 30% as big firms dump holdings after SEC allegations

Next Post

Companies rethink consultants as they fret about economic outlook

Next Post
Companies rethink consultants as they fret about economic outlook

Companies rethink consultants as they fret about economic outlook

Pump.fun Acquires SOL-Based Wallet Tracker Kolscan Ahead of Anticipated Token ICO

Pump.fun Acquires SOL-Based Wallet Tracker Kolscan Ahead of Anticipated Token ICO

July 11, 2025
Pepe Price Prediction: Historic Falling Wedge Breakout Confirmed – 2,000% Move Now In Play

Pepe Price Prediction: Historic Falling Wedge Breakout Confirmed – 2,000% Move Now In Play

July 9, 2025
After almost 250 years as a symbol, the Bald Eagle is finally the official bird of the United States

After almost 250 years as a symbol, the Bald Eagle is finally the official bird of the United States

July 13, 2025
Trump threatens 35% tariffs on Canadian goods

Trump threatens 35% tariffs on Canadian goods

July 11, 2025
Tax Fraud Blotter: Who ya gonna call?

Tax Fraud Blotter: Who ya gonna call?

July 10, 2025
Jamie Dimon breaks with ‘idiots’ in Democratic Party, saying they ‘have big hearts and little brains’

Jamie Dimon breaks with ‘idiots’ in Democratic Party, saying they ‘have big hearts and little brains’

July 11, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

OKX Adds PayPal Integration for Crypto Purchases Across Europe

OKX Adds PayPal Integration for Crypto Purchases Across Europe

July 14, 2025
7 best CRMs for retail businesses in 2025

7 best CRMs for retail businesses in 2025

July 14, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!