Huobi Russia Now Accepts Fiat Gateway In Russian Rubles

Huobi Russia has launched Russian rubles deposit and will soon have its own token listing service.

On Nov. 28, the cryptocurrency exchange announced at an event in Moscow that users now have an option to deposit Russian rubles on their balances via bank transfers.

The CEO of Huobi Russia said that the deposits can now be processed via a bank in Uzbekistan. Huobi Russia’s legal entity, HBRU CIS, has secured an approval letter from the country’s Justice Ministry.

The document issued by the Agency of State Services under the Ministry of Justice of Uzbekistan and features HBRU CIS as an addressee.

It states that the ministry considers the operations related to digital assets, software and IT-consulting as not prohibited by the applicable law.

Russian Central Bank Supporting On Potential Ban On Crypto Payments

Recently, The Central Bank of Russia has backed on a potential ban to support cryptocurrency payments. Russia’s central bank has the view that “private cryptocurrencies cannot be equated with fiat money and cannot be legal tender.”

In October, Russian internet ombudsman’s bitcoin mining company planned on opening a new facility and corner 20% of the international market. Russian Mining Company (RMC) is going to repurpose a metal factory in the country’s northern province of Karelia. The ex Rusal facility was closed due to US sanctions in 2018. It could soon host a Bitcoin mining farm so large that it could account for one-fifth of global output.

source: Coindesk | Image: Shutterstock

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