Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed
Tag: Sanctions
Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT
Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform
Coinbase Warns Some Russian Users Their Accounts May Be Blocked, Report Reveals
Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to
Moody’s: Cryptocurrencies Unlikely to Help Russia Evade Sanctions
Russia’s ability to employ cryptocurrencies to circumvent international sanctions is restricted by the limited size of the crypto market, according to Moody’s. Despite increased use
Binance Blocks Accounts Linked to Relatives of Senior Russian Officials
Digital asset exchange Binance has blocked accounts tied to relatives of government officials in Moscow. Amid mounting international penalties over Russia’s invasion of Ukraine, the
Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus
Exmo, a U.K.-based crypto exchange with extensive presence in Eastern Europe, is pulling out of Russia, Belarus and Kazakhstan. The trading platform, Exmo.com, says it’s
Report Says Binance Shared Client Data With Russia, Crypto Exchange Denies Allegations
Cryptocurrency exchange Binance has been accused in a media report of agreeing to provide user data to Russia’s financial watchdog. The trading platform has refuted
Binance Limits Services to Russian Users to Comply With EU Sanctions
Following the latest round of EU restrictions against Russia, digital asset exchange Binance is limiting services to Russian clients. The company pledged to lead the
US Sanctions Bitriver, Targets Russia’s Crypto Mining Potential
In an attempt to deny Russia opportunities to evade sanctions through cryptocurrencies, the U.S. Department of the Treasury has sanctioned leading Russian mining firm Bitriver.
Russian Chamber of Commerce Suggests Using Cryptocurrencies in Settlements With Africa
Employing crypto in cross-border payments is one of the proposals put forward by the Russian Chamber Of Commerce lobbying for more cooperation with African countries.