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Tag: Sanctions

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’
News

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’

June 21, 20227 min read

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

Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT
News

Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT

June 4, 20223 min read

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
News

Coinbase Warns Some Russian Users Their Accounts May Be Blocked, Report Reveals

May 9, 20223 min read

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
News

Moody’s: Cryptocurrencies Unlikely to Help Russia Evade Sanctions

May 7, 20223 min read

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
News

Binance Blocks Accounts Linked to Relatives of Senior Russian Officials

April 30, 20224 min read

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
News

Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

April 24, 20223 min read

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
News

Report Says Binance Shared Client Data With Russia, Crypto Exchange Denies Allegations

April 23, 20224 min read

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
News

Binance Limits Services to Russian Users to Comply With EU Sanctions

April 22, 20223 min read

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
News

US Sanctions Bitriver, Targets Russia’s Crypto Mining Potential

April 21, 20223 min read

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
News

Russian Chamber of Commerce Suggests Using Cryptocurrencies in Settlements With Africa

April 14, 20223 min read

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.

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