Bitcoin News / Bitcoin.com - 4 months ago
The most recent European Union sanctions against the Kremlin prohibit Eurozone operators from engaging with crypto asset providers that facilitate transactions supporting Russia’s defence-industrial base. Additionally, the new sanctions regime forbid...
Bitcoin News / Bitcoin.com - 5 months ago
U.S. Congressman Brad Sherman has proposed an amendment designed to enhance the enforcement of sanctions on Russian digital assets. The amendment allows the Treasury Secretary to prohibit crypto transactions linked to Russian entities and requires U....
Bitcoin News / Bitcoin.com - 5 months ago
The U.S. Treasury Department announced Wednesday that over 300 new sanctions have been issued to intensify pressure on Russia for its ongoing war against Ukraine. These measures, in alignment with G7 commitments, target entities and individuals globa...
Bitcoin News / Bitcoin.com - 5 months ago
According to Osman Kabaloev, the Deputy Director of the Financial Policy Department at Russia’s Ministry of Finance, the recognition of Bitcoin mining as an official economic activity is set to happen soon. Following the approval of a law regulating...
Bitcoin News / Bitcoin.com - 5 months ago
Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion piece published by the South China Morning Post last week. BRICS welcomed five new members in January:...
Bitcoin News / Bitcoin.com - 5 months ago
The Brooklyn District Attorney’s Office has seized 70 domains used to scam the Russian community. The scam involved deceptive Facebook ads featuring a deepfake of Tesla CEO Elon Musk. Over 20 Brooklyn residents and additional victims nationwide...
Bitcoin News / Bitcoin.com - 5 months ago
Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, has predicted that international trade will migrate to CBDC for settlements during the next five years. Aksakov stressed that not many countries have made progress using...
Bitcoin News / Google News Bitcoin - 5 months ago
Russian State Duma Official: International CBDC Settlements to Become 'Common Practice' in 5 Years – Fintech ...& & Bitcoin.com News
Bitcoin News / Bitcoin.com - 5 months ago
Jim Rickards, an economist and author of the best-selling book ‘Currency Wars,’ has issued an alert about the possible collapse of the global clearance system. In a recent interview, Rickards noted that Euroclear, a settlement service, holds $200 bil...
Bitcoin News / Bitcoin.com - 5 months ago
Some Russian companies have turned to using crypto to settle payments and protect themselves from potential secondary sanctions from Western countries. At least two top metal producers have transacted using USDT, the largest stablecoin in the crypto...
Bitcoin News / Bitcoinist - 5 months ago
Russian commodity firms have increasingly turned to cryptocurrency to circumvent financial hurdles posed by international sanctions.
With traditional banking channels facing challenges, companies are now leveraging stablecoins, notably Tether (USDT),...
Bitcoin News / Bitcoinist - 5 months ago
The winds of change are blowing through the Russian cryptocurrency market. Following Binance’s exit in early 2024, a digital exodus has unfolded, with users scrambling to find new platforms to house their digital assets.
This shift in allegianc...
Bitcoin News / Bitcoin.com - 5 months ago
The surge in Russian traffic to global cryptocurrency exchange platforms in the last two quarters has prompted officials to issue a warning about the risk of Western sanctions. According to a central bank study, Russian traffic to some of the largest...
Bitcoin News / Bitcoin.com - 5 months ago
The IMF has expressed its concerns about the possible outcome of the confiscation of Russian assets abroad as a consequence of the ongoing military conflict between the nation and Ukraine. Julie Kozack, a spokesperson for the institution, called for...
Bitcoin News / Bitcoin.com - 5 months ago
Russia and Iran are collaborating on creating a single BRICS currency, the Iranian ambassador to Russia has claimed. He noted that over 60% of the two nations’ bilateral trade is conducted in Russian rubles and rials, reflecting a shift away fr...
Bitcoin News / Bitcoin.com - 5 months ago
U.S. Congressman Gabe Amo (D-RI), along with Congressmen Brad Sherman (D-CA) and Gerald E. Connolly (D-VA), sent a letter to U.S. Treasury Secretary Janet Yellen regarding the Moscow-based cryptocurrency exchange Garantex. They expressed concerns tha...
Bitcoin News / Bitcoin.com - 6 months ago
Russian authorities have reportedly proposed to impose hefty fines on suspected crypto miners operating from residential properties. Authorities may also consider including amendments to the Code of Administrative Offenses which imposes liability on...
Bitcoin News / Bitcoin.com - 6 months ago
Approximately 50 users of Beribit, a Russian cryptocurrency exchange, recently tried to storm the company’s Moscow offices to demand their digital assets. Beribit’s management has attributed the delay in processing withdrawal requests to an audit ini...
Bitcoin News / Bitcoin.com - 6 months ago
Russia is preparing to enact a ban on the organization of cryptocurrency exchanges in the country via the approval of a bill that regulates mining activities. According to statements made by Russian Duma Financial Market Chairman Anatoly Aksakov, dig...
Bitcoin News / Bitcoin.com - 6 months ago
The Bank of Russia has dismissed the effect that a future confiscation of Russian assets in the U.S. might have on the nation’s economic stability. Elvira Nabiullina, governor of the bank, stated that Russia has been diversifying its asset port...
Bitcoin News / Bitcoinist - 6 months ago
Russian lawmakers have announced their intention to introduce restrictions on the circulation of crypto assets, which could be implemented as early as September 1.
The Chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov, re...