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Binance Executives for Russia and Eastern Europe Leave Top Exchange


Two Binance executives responsible for the crypto giant’s operations in Eastern Europe and the former Soviet space have left the company. The departures come at a time when the leading crypto exchange finds itself under persisting regulatory pressure and is considering leaving sanctioned Russia....

Russia: Illegal Crypto Miner ‘Stole $225,000 From Grid’


An illegal crypto miner in Russia caused “considerable damage” to a local grid and stole around $225,000 worth of electricity, a power provider has claimed. Per the Russian legal publication Pravo, the miner allegedly siphoned off electricity from the grid in Yuzhno-Sakhalinsk, in the Sakhalin...

Russian Lawmaker Backs CBDC To Displace Private Banking Sector


Russia’s Central Bank Digital Currency (CBDC) the digital ruble continues to garner steam with positive pronouncements on use cases made by financial regulators in the country. The head of the State Duma financial committee Anatoly Aksakov has said that as the digital ruble's adoption grows...

Russian Beauty Salon Becomes First to Process a CBDC Payment


A Russian beauty salon in Yekaterinburg has become one of the first businesses in the nation to accept a digital ruble payment – breaking new ground for the nation’s CBDC. Per an official release from DeloBank, part of the Sinara financial and industrial group, one of the bank’s customers paid...

Dollar Share in Reserves Drops Below 60%, Yuan Rises, Russian Diplomat Says


The share of currencies other than the U.S. dollar and the euro in international reserves is on the rise, according to a Russian representative. The trend is being observed as a growing number of countries try to use their national currencies in foreign trade settlements, the official noted. Russia...

Crypto Exchanges Bybit and Okx Drop Cards of Sanctioned Russian Banks


Cryptocurrency exchanges Bybit and Okx have discontinued support for payment cards issued by sanctioned banks from Russia. The moves follow in the footsteps of Binance, the world’s largest exchange for digital assets, which recently removed such cards from its peer-to-peer (P2P) platform. Bybit...

Binance Mulls Leaving Russia, Limits Options for Russian Users


Crypto exchange Binance considers exiting Russia amid increased scrutiny over its services for users in the sanctioned nation. The news of the potential move comes after the exchange delisted several sanctioned Russian banks from its peer-to-peer (P2P) platform and restricted fiat payment options...

Russian Banks to Quiz Central Bank on Digital Ruble Pilot Next Month


Russian banks will have the opportunity to question the Central Bank on its digital ruble pilot next month. The Central Bank is facing a backlash from some sections of the banking industry after beginning “real-world” transactions with its CBDC earlier this month. The megabanks Sberbank...

OKX And Bybit Suspends Sanctioned Russian Banks From P2P Services


OKX and Bybit are the latest digital asset exchanges to delist sanctioned Russian banks from their peer-to-peer (P2P) services.  Two Russian banks, Tinkoff Bank and Sberbank have both been removed from P2P services of some crypto exchanges due to Western sanctions following the invasion...

Today in Crypto: SBF's Attorneys Ask for His 'Temporary Release', Bybit and OKX Exclude Sanctioned Russian Banks From Payment Options, Verified Scam Accounts Targeting Crypto Twitter are 'Out of Control'


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: SBF's Attorneys Ask for His 'Temporary Release', Bybit and OKX Exclude Sanctioned Russian Banks From...

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