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‘Big Holes’ Undermine Russia Sanctions – And It's Not Crypto (Psst! It's Traditional Politics & Finance)
24.3.2022
An opinion columnist writing for Bloomberg has identified two flaws that “fundamentally undermine” the United States and EU-led “sanctions regime” against Russia – and neither have anything to do with the use of crypto.
Since the start of the conflict in Ukraine, senior lawmakers in the USA...
Abu Dhabi Global Market Regulatory Arm Unveils Document Proposing Changes to Virtual Asset Regulations
24.3.2022
The Financial Services Regulatory Authority (FSRA), a regulator in the United Arab Emirates (UAE)’s financial center and free zone, the Abu Dhabi Global Market (ADGM), has released a consultation paper that proposes amendments to regulations that govern the use of virtual assets. Regulator...
45% of Surveyed US Financial Advisors Expect to Use Crypto Per Clients’ Request
22.3.2022
About 45% of surveyed US financial advisors say they expect to use crypto in the future in response to client requests, according to a recent report released by financial research and consulting firm Cerulli Associates. However, 7% declare they currently use such assets based on their...
Goldman Sachs Executes Bank’s First OTC Crypto Transaction Trading a Bitcoin Non-Deliverable Option
21.3.2022
On Monday, the multinational investment bank and financial services company Goldman Sachs disclosed it has conducted an over-the-counter (OTC) crypto transaction with the digital currency firm Galaxy Digital. Following the OTC settlement, the head of digital assets for Goldman Sachs’ Asia...
British Investment Bank HSBC Joins Metaverse via Sandbox, Animoca Brands Partnership
16.3.2022
The British multinational investment bank and financial services holding company, HSBC, has revealed it has partnered with the blockchain virtual gaming platform The Sandbox. According to the platform’s parent company, Animoca Brands, HSBC is the first global financial services provider...
Metaverse Banking: HSBC Enters The Sandbox as JPMorgan Tests Decentraland
16.3.2022
With major financial institutions increasingly moving into the metaverse, UK bank HSBC is the first global financial services provider to enter virtual world The Sandbox, following in the steps of US-based banking giant JPMorgan which recently set up a lounge in another virtual world...
Dedicated crypto teams booming within traditional financial firms
15.3.2022
As more and more financial giants set up crypto research teams, experts see this trend continuing to gain traction in the future
Japan Asks Crypto Exchanges to Comply With Sanctions Restrictions — Penalty Includes 3 Years in Prison
15.3.2022
Japan’s top financial regulator has asked cryptocurrency exchanges in the country not to process transactions subject to asset-freeze sanctions. The penalty for unauthorized payments to sanctioned persons includes three years in prison. Japan’s Financial Regulator and Ministry...
Deutsche Bank to Exit Russia, Says There Will Be No New Business There
13.3.2022
Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted....
Another Putin’s Mistake of the Ukraine War - Trusting the Western Financial System
13.3.2022
Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University.
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The West is arraying financial weapons never deployed before against a country of Russia’s size, forsaking some of the principles that have defined it....
Read More: Another Putin’s Mistake...
In defense of crypto: Why digital currencies deserve a better reputation
12.3.2022
Crypto’s mainstream acceptance is almost already here, but many people still have unfounded fears we have to overcome
Western Union Suspends Operations in Russia, Belarus Over Ukraine War
12.3.2022
Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in the Russian Federation as well as those in Belarus, an ally of Moscow, backing its military operation. Western...
Regulator in UAE’s Special Economic Zone Unveils Consultation Paper on ‘Crypto Tokens’
10.3.2022
The regulatory arm of the United Arab Emirates (UAE)’s special economic zone, the Dubai International Financial Centre (DIFC), has unveiled a consultation paper outlining its proposed regulatory regime for crypto tokens. Changes to the Draft Legislation The Dubai Financial Services Authority...
How Crypto Companies Must Mesh With Traditional Financial Services Platforms for DeFi to Succeed
9.3.2022
Crypto companies looking to engage with traditional financial institutions must address risk management and compliance expectations stemming these institutions' regulatory obligations
Japan Looks to Stop Sanctioned Russian Entities From Transferring Crypto Assets
6.3.2022
As financial authorities around the world continue to target sanctioned Russian entities, regulators in Japan along with the country’s crypto association are attempting to find and close gaps that may be used to circumvent sanctions. The two bodies, however, have said they are not discussing...
Could the Ukraine Invasion Spark a Global Financial Crisis?
5.3.2022
Nasir Aminu, Senior Lecturer in Economics and Finance, Cardiff Metropolitan University. ____
The Russian assault on Kyiv and other Ukrainian cities has intensified uncertainty in the world economy. To condemn Putin’s war, western leaders announced some restrictive economic measures to target...
Citadel Plans to Start Making Markets in Crypto in Coming Months, CEO Ken Griffin Says
5.3.2022
Citadel CEO Ken Griffin, a bitcoin skeptic, admits he has not been right on his crypto call. He now says: “It’s fair to assume that over the months to come, you will see us engage in making markets in cryptocurrencies.” Citadel Getting Into Crypto The CEO and founder...
Russian Central Bank Claims its SWIFT Alternative Is Ready
28.2.2022
The Russian Central Bank is talking up its SWIFT alternative as they try to go it alone without a way into the international banking network....
Read More: Russian Central Bank Claims its SWIFT Alternative Is Ready
KuCoin Exchange Named the Best Cryptocurrency App of 2022: Everything You Need to Know
26.2.2022
PRESS RELEASE. Leading personal financial services’ evaluator, the Ascent, named KuCoin crypto exchange the best cryptocurrency app of 2022. The Ascent is a flagship product of world-renowned private financial and investing advice company, The Motley Fool. Ascent rated KuCoin Exchange based...
Western Allies Claim their Targetted Russian Sanctions Trump a SWIFT Ban as Russian Occupiers Near Kyiv
25.2.2022
The EU claimed it has created a “package of sanctions” that will be “massive and painful” for Russia. It stated that the new sanctions would remove some 70% of Russia’s banking capabilities – but Europe appears utterly divided as to whether it should block banks from an international banking...