Russia OKs Cross-Border Use of BTC, ETH, and USDT, Excludes XRP

Russia has established a regulatory framework for cross-border transactions using Bitcoin, Ethereum, and USDT. The new law, managed by the Bank of Russia, allows licensed conditions for digital currencies but bans them as domestic payment methods. This move excludes XRP from the list of approved assets, suggesting a focus on assets with greater liquidity and established history.

The absence of XRP from the approved list may impact its market positioning and price predictions. Market activity suggests a decreased likelihood for significant price surges in August due to this exclusion.

Russia's regulatory trend towards established assets may influence XRP's market outlook, particularly with ongoing legal matters involving Ripple Labs. Observers are watching for any strategic moves by the company to counteract this exclusion.