Bank of Russia Confirms September Rollout for Digital Ruble, With Top Banks ?…
In recent developments, alla Bakina, Director of the Bank of Russia’s National Payment System Department, highlighted that most private banks in Russia are ready to provide digital ruble services on…
British Teen Sanctioned By Russia After Alleging Crypto Use to Evade Sanctions
In recent developments, the teenager’s research into Russia’s alleged illicit crypto flows appears to have prompted Moscow’s retaliation. The development has drawn attention from traders and analysts who are evaluating…
UK treats crypto network like a sanctioned bank after claims it processed $90…
In recent developments, western governments spent three years building what they believed was an airtight financial blockade around Russia, severing its banks from SWIFT, freezing sovereign reserves, and barring major…
UK authorities sanction HTX crypto exchange over support for Russia
In recent developments, formerly Huobi Global, the exchange is the latest entity to be named as part of a crackdown on companies “exploited by Russia to circumvent UK sanctions.” Looking…
Russia Tells Visa and Mastercard to Finally Leave as Market Share Plummets Be…
In recent developments, the statements by Alla Bakina, Director of the Bank of Russia’s National Payment System Department, are supported by the low adoption of these cards in the Russian…
China’s Yuan Settlements Jump to $214B in March as Russia, Iran Accelerate …
In recent developments, russia and Iran are accelerating their move away from the U.S. dollar and toward the Chinese yuan as Western sanctions and geopolitical pressures deepen, according to a…
Largest Bank of Russia Prepared to Offer Cryptocurrency Trading Services
In recent developments, sberbank is awaiting approval to offer cryptocurrency custody and trading services to its over 110 million customers. The Central Bank of Russia proposed a regulatory draft to…
Russia introduces bill to criminalize unregistered crypto services
In recent developments, individuals and groups would be required to register with the Bank of Russia before offering certain crypto services, or potentially face fines and prison time. Looking closer,…
Russia-linked crypto exchange Grinex halts trading after $14M hack
In recent developments, grinex has been accused by US authorities of assisting Russia and other entities in evading sanctions and laundering funds for Russia-linked hackers. Looking closer, market participants highlight…
Russia Moves to Formalize Cryptocurrency Market With New Legislation
In recent developments, a set of bills to formalize and regulate crypto transactions was introduced to Russia’s State Duma last week. The legislation amends existing laws to allow both qualified…
XRP Struggles Near $1.10 Despite Ripple’s EU Regulatory Milestone
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