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Japan plans to tighten crypto exchange regulation to enforce sanctions

28.3.2022
The proposed amendment is being carried out to prevent sanctioned countries from taking evasive actions using digital assets

Russian Prime Minister, Economy Ministry Support Legalization of Cryptocurrencies

27.3.2022
Prime Minister Mikhail Mishustin and the Russian Ministry of Economic Development have backed efforts to regulate cryptocurrencies and integrate them into the country’s economy. The support comes amid mounting sanctions over the war in Ukraine which restrict Russia’s access to global...

Are Russia’s Elite Really Using Cryptocurrency to Evade Sanctions?

25.3.2022
Dr Paul Mazzola, Lecturer Banking and Finance, Faculty of Business and Law, the University of Wollongong, and Mitchell Goroch, Cryptocurrency Trader and Researcher, University of Wollongong. ______ Fearing Russia’s elite will evade economic sanctions by converting their wealth...

Russia May Accept Bitcoin for Gas Exports, Lawmaker Says

24.3.2022
Russia is moving away from the dollar and the euro as payment options for its energy exports, and bitcoin has been mentioned as a possible substitute alongside the ruble and the national currencies of partnering countries. A high-ranking parliamentarian has indicated that Moscow may take...

Bank of England Says Crypto Assets ‘Present Financial Stability Risks,’ Bank Begins Sketching Regulatory Framework

24.3.2022
The Bank of England has revealed that it is working on sketching a regulatory framework for crypto assets, according to statements stemming from the central bank’s Financial Policy Committee on Thursday. BOE Stresses Crypto Assets Need Effective Public Policy Frameworks On Thursday, the Bank...

‘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...

Crypto trading in rubles falls even as ECB warns again on sanctions

24.3.2022
A statement from ECB President Christine Lagarde labeling cryptocurrency a “threat” to global security seems at odds with the real world data and expert opinion

ECB Chief: Cryptocurrencies Are ‘Certainly’ Being Used to Circumvent Russian Sanctions

23.3.2022
The European Central Bank (ECB) warns cryptocurrencies are being used to evade sanctions by Russians. ECB President Christine Lagarde warns crypto firms against becoming “accomplices” in the crime. ECB President Lagarde Is Certain About Crypto Being Used to Evade Russian Sanctions...

UK Regulator Issues Crypto Ads Notice to 50 Firms — Says ‘This Is a Red Alert Priority’

23.3.2022
The U.K.’s advertising authority has sent an enforcement notice to more than 50 companies that advertise cryptocurrencies. “We will monitor for compliance and implement sanctions if we do not see improvements,” said the regulator. British Advertising Regulator’s...

Will Belarus Lure Crypto Miners Amid Sanctions, Russia-Ukraine War?

21.3.2022
Despite favorable business conditions, a country’s political environment can deter international capital

US Treasury Official: We Don’t See That Crypto Could Be Used in Large-Scale Way to Evade Sanctions

20.3.2022
The U.S. Department of the Treasury does not see that cryptocurrency could be used in a large-scale way to evade sanctions. “Its share as a medium for illicit finance is not anywhere as large as just using cash,” a senior Treasury official noted. Treasury Department’s View...

Idea to Use Digital Ruble as Reserve Currency Circulated in Sanctioned Russia

20.3.2022
A call to make the digital ruble a reserve currency has been issued in the State Duma, the lower house of Russia’s parliament. Meanwhile, concerns have been raised in the West that the new incarnation of the Russian fiat may be employed to evade sanctions that have been isolating...

Russian Banks Told to Track Crypto-Related Transactions Amid Currency Restrictions

19.3.2022
Bank of Russia has recommended commercial banks pay heightened attention to their clients’ transactions related to cryptocurrencies. The regulator requires the financial institutions to monitor such activity against the backdrop of restrictions on currency operations amid western sanctions....

US Senators Introduce Crypto Sanctions Bill — Expert Says It’s Overbroad, Unconstitutional

19.3.2022
U.S. Senator Elizabeth Warren and 10 other lawmakers have introduced the “Digital Asset Sanctions Compliance Enhancement Act of 2022.” The bill “would place sweeping restrictions on persons who build, operate, and use cryptocurrency networks even if they have no knowledge...

Bank of Russia Allows Sberbank to Issue Digital Financial Assets

18.3.2022
Sberbank, Russia’s largest bank, has been authorized by the country’s monetary policy regulator to issue digital financial assets. The move comes amid tightening Western sanctions over the war in Ukraine, including limiting Moscow’s access to the global financial market....

Central Bank of Russia tightens P2P transactions monitoring, including those in crypto

18.3.2022
The regulator’s recommendation is designed to prevent capital flight amid economic collapse

Young Russians View Crypto as Safe Investment Amid Economic Uncertainty, Poll Finds

18.3.2022
As western sanctions increase the pressure on their country’s economy, many young Russians consider cryptocurrency to be a “reliable and profitable” investment option. According to a recent study, the share of Russian citizens who know about bitcoin has reached two thirds...