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Russian Crypto Exchange Moves Money for Gaza Groups, Report


Palestinian militant organizations, including a Hamas-linked Islamist group, have been using a Moscow-based crypto exchange to transfer millions, a press report revealed. The U.S.-sanctioned platform, which allows customers to convert Russian cash to crypto and then withdraw fiat abroad, has been...

Russian Business Titan Sber to Join Digital Ruble Pilot


Russia’s Sber, the operator of Sberbank, says it will join the Central Bank’s digital ruble pilot, in a major coup for the nation’s CBDC. Vedemosti reported that Sber’s influential CEO, the former Economy Minister Herman Gref, said his firm “will definitely” join a “second wave” of banks that will...

Moscow Exchange Plans to Issue Real Estate Digital Assets by 2024


The Moscow Exchange, the largest exchange in Russia, has announced plans to issue real estate digital assets in 2024. According to Sergei Kharinov, director of digital assets for the platform, this will lower the entry barrier for qualified and unqualified investors to put part of their portfolio...

More Russian Banks Say They’ll Join Digital Ruble Pilot – CBDC Advances?


More Russian banks will join the digital ruble pilot, with Center-invest Bank, which mainly operates in the nation’s south, set to trial the CBDC next year. Per Rostov Gazeta, Center-invest Bank has “signed a digital ruble [partnership] agreement with the [CBDC’s] operator, the Central Bank.” The...

Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages


Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for sanctions evasion and money laundering. Since Tallinn...

Binance Russian Users Are Moving to Other Platforms, Not Just CommEx: Report


A significant number of Binance's Russian clients have migrated to alternative platforms, not only to the platform's new owner CommEx.  The shift is evident from the decreased activity in peer-to-peer (p2p) operations, Dmitry Stepanin, the CEO of Satoshkin, said in a recent interview with local...

Russian Corporations Using Digital Ruble as CBDC Pilot Gathers Pace


Russian corporations are starting to make use of the digital ruble, the country’s central bank digital currency (CBDC). Per a report from SPB IT RU, the state-run Sirius Innovation Science and Technology Center has opened a corporate digital ruble wallet. The center has already used its wallet...

Russian Banker States SWIFT ‘Needs to Be Killed’


Andrei Kostin, head of the VTB Bank, one of the biggest banks in Russia, has stated that the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the standard messaging system for fiat payments, “needs to be killed.” Kostin remarked that the actions of the U.S. and...

Moscow Claims Russia Will Be Using Digital Ruble in LATAM by 2025


A senior Russian politician says domestic firms will be using the digital ruble, the nation’s CBDC, in Latin America no later than 2025. The comments were made by Anatoly Aksakov, the Chairman of the State Duma Committee on the Financial Markets. Per Tass, Aksakov, who is also the MP...

Here’s How Much Russia’s Biggest Banks Are Spending on CBDC Integration


Rosbank, one of Russia’s biggest banks, has spent around $1.6 million on digital ruble integration – despite the fact that the CBDC pilot is less than two months old. The bank is one of Russia’s most bullish when it comes to CBDC and crypto adoption. Prior to the August launch of the digital...

Russian Business Leaders Talk Up Prospects of a BRICS Digital Fiat


Russian business leaders want to use “digital assets” and a “single digital currency” to trade with BRICS members and other “friendly” nations. Experts in Brazil have previously claimed that a BRICS digital fiat could launch within the next five to 10 years.” Per the media outlet Bankovskoye...

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