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The Hunt for the Russian Trace: Chinese Banks Implement Stricter Compliance for Foreign Payments
22.11.2024
Chinese banks have implemented additional compliance measures for payments from the United Arab Emirates (UAE), India, and Hong Kong, which have traditionally served as trade partners for Russia. These measures aim to identify Russian businesses using third countries as proxies to complete...
Russia’s Foreign Trade Defies Western Sanctions, Official Claims
22.11.2024
Russia’s foreign trade is defying Western sanctions, with rising imports, resilient transaction systems, and projected economic growth outpacing stagnating Western economies. Western Sanctions Meet Resistance as Russia’s Trade Surges Russian Finance Minister Anton Siluanov has claimed that...
Coin Center lawyers argue Tornado Cash is not property
20.11.2024
The Coin Center lawsuit, first filed in 2022, noted that one plaintiff used Tornado Cash to protect his identity while donating money
US lawmakers demand Treasury answer what it's doing about Tornado Cash
19.11.2024
The Democrat members of Congress want answers from the Treasury on why Tornado Cash is still operating after being sanctioned.
EU regulator sets restrictive measure guidelines for crypto providers
15.11.2024
Crypto-asset service providers that carry out transfers must choose a screening system that allows them to comply with the EU's restrictive measures regimes
BIS distances from Project mBridge amid BRICS sanctions concerns
31.10.2024
Economic sanctions have a profound effect on international financial architecture, it turns out
BIS distances from Project mBridge amid BRICS sanctions concerns
31.10.2024
Economic sanctions have a profound effect on international financial architecture, it turns out
BIS Considers Ending Mbridge Project Over BRICS Connections, but Is It Too Late?
30.10.2024
While conversations about ending the CBDC-enabled international settlements project have focused on its links to BRICS, Mbridge has already reached the MVP stage, and members could choose to continue it without support from the BIS. BIS Considers Ending Mbridge Project, BRICS Countries Could Use...
US Sanctions on Russia Backfire, Elevating BRICS as a ‘Genuine Financial Threat’
30.10.2024
Western sanctions on Russia have backfired, bolstering BRICS as nations seek alternatives to Western financial control, according to a former U.S. state senator. Former Senator: US Sanctions on Russia Empower BRICS as Financial Threat Former Virginia State Senator Richard Black has claimed that...
Russia Warns of Global Market Shock if Frozen Assets Are Tapped, Intensifies Sanctions Threat
27.10.2024
Russia cautions that using frozen Russian assets could trigger profound shocks to global markets, spurring developing nations to bypass the U.S. dollar. Russia’s Asset Countermoves: Potential Global Financial System Impacts Russia’s Finance Ministry warns that leveraging Russian...
Unsubstantiated Tether investigation report shakes crypto market
25.10.2024
“Old noise” may be a new name for FUD, as Tether defends itself from a report in The Wall Street Journal about US government investigations
Unsubstantiated Tether investigation report shakes crypto market
25.10.2024
“Old noise” may be a new name for FUD, as Tether defends itself from a report in The Wall Street Journal about US government investigations
Unsubstantiated Tether investigation report shakes crypto market
25.10.2024
“Old noise” may be a new name for FUD, as Tether defends itself from a report in The Wall Street Journal about US government investigations
Massive Turnout at BRICS Summit Proves West’s Strategy to Isolate Russia Failed
25.10.2024
Western efforts to isolate Russia have faltered as 36 nations attended the BRICS Summit in Kazan, a Russian official has declared. The BRICS leaders summit, chaired by Russia, saw 22 high-level delegations, highlighting Russia’s continued global influence despite sanctions and efforts by...
Iran’s Crypto Exchanges Witness Major Growth Amidst International Sanctions
22.10.2024
Iran’s domestic cryptocurrency market has reached a major milestone, with approximately 15-19 million citizens actively participating in crypto…
Sanctions Backfire: European Exporters Suffer More Than Russia
22.10.2024
European sanctions against Russia are impacting small European exporters, particularly in Italy, more severely than Russia itself, according to Ferdinando Pelazzo, president of the Italian-Russian Chamber of Commerce. Small and medium-sized enterprises (SMEs) are struggling with disrupted payment...
Putin Blasts US Sanctions, Reveals 95% of Russian Trade Now Dollar-Free
22.10.2024
Russian President Vladimir Putin criticized U.S. sanctions, noting that they are driving global economies away from the U.S. dollar and leading to a gradual decline in its use for international trade and reserves. He highlighted that Russia now conducts 95% of its foreign trade in national...
Russia Vows to Launch Domestic Payment System to Render Western Sanctions Obsolete
21.10.2024
Russia is determined to create a domestic payment system to conduct trade and international transactions free from current disruptions. Mikhail Mishustin, Prime Minister of Russia, stated that this will be a joint effort by many institutions to achieve a principles-based system instead of...
Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control
19.10.2024
A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landscape amid sanctions. While the digital...
Russia Mulls Commodity Trading Centers to Bolster BRICS Economic Sovereignty
16.10.2024
Russia has just unveiled a plan to reduce its reliance on the US-dominated global financial system. The plan is seen as a response to crippling Western sanctions. The plan involves setting up mutual centers for trading commodity resources, which will allow Russia and its partners to bypass...