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Russian Banks Eye CNY Solution as Central Bank Bars Forex Sales; New Sanctions Approved
9.3.2022
The Russian ruble has been thrown into disarray as the nation attempts to battle economic sanctions by effectively suspending the sale of most foreign currencies – while exploring the notion of allowing citizens to purchase China’s fiat yuan.
In a press release from the Central Bank, the...
Unicef Receives $2.5 Million in Crypto for Ukraine From Binance Charity Foundation
9.3.2022
Binance Charity is donating $2.5 million worth of cryptocurrency to support the humanitarian efforts of Unicef in Ukraine. The announcement comes as the ongoing military clash with the invading Russian forces is putting more and more children at risk. Unicef to Fund Activities in Ukraine With...
Senator Warren seizes on fears over crypto and sanctions with new bill
9.3.2022
If passed, Elizabeth Warren’s new draft crypto bill will require local crypto exchanges to submit “detailed records” to the Treasury Department of customers' identities and transfers to private crypto wallets
US Lawmakers Introduce Bill to Sanction Russia’s Gold
9.3.2022
Four U.S. senators are introducing a bill to place sanctions on Russia’s gold. “This legislation would deter the purchase of Russian gold and close this loophole that allows the Russian Federation to soften the financial impact of sanctions,” the senators explained. “By...
FinCEN Issues ‘Red Flags’ on Potential Sanctions Evasion Using Cryptocurrency
9.3.2022
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on Russian efforts to evade sanctions that includes a number of crypto-related red flags. However, the bureau admitted that it has not seen “widespread evasion” of its sanctions using cryptocurrency. FinCEN Warns...
Ukrainian Deputy Minister Reiterates Call for Crypto Exchanges to Block Russian Users
8.3.2022
Thailand Seeks to Offer Russian Tourists Crypto Payment Option Amid Fiat Sanctions
8.3.2022
A popular destination for many Russians, Thailand is now looking for ways to facilitate their payments amid widening western sanctions over Moscow’s military invasion of Ukraine. Cryptocurrency is one of the options being explored by the tourism industry as Russian citizens now face...
Crypto Still Isn't Helping Russian Oligarchs Evade Sanctions
8.3.2022
We have heard a lot over the last week that crypto is not being used to undermine international sanctions against Russia or breakaway regions of Ukraine, and this week's State of Crypto asks: why on Earth not?
Bitcoin Higher as US Ban on Russian Oil Imports Roils Markets
8.3.2022
Crypto traders are still evaluating the potential impact of soaring oil prices on bitcoin's price
Bitcoin stems losses after US bans Russian oil, gold heads to record highs
8.3.2022
The precious metal was a hair off a USD peak Tuesday, running higher with oil and other commodities while stocks suffered
Twitch Withholding Payments For Russian Streamers
8.3.2022
Twitch joins the list of international companies sanctioning Russia over its illegal invasion of Ukraine, telling streamers that it would be withholding payments. “Payouts to the financial institution associated with your Twitch account have been blocked as a result of sanctions,” read an email...
'Russian Ethereum', Waves, Almost Triples Since Ukraine War Began
8.3.2022
The WAVES token, issued by the protocol with ties in Russia, is close to a 3x price gain in a matter of just two weeks after it rallied right after Russia invaded Ukraine.
The massive gains also follow crypto exchange Binance integrating the token into its Loans platform last week, and a...
Bitcoin stuck under $40K, but BTC price hits another all-time high vs. Russian ruble
8.3.2022
There are few winners among Bitcoin hodlers this week, as stocks get squashed while commodities run wild
Coinbase Blacklists Over 25,000 Crypto Addresses Tied to Russian Individuals and Entities
7.3.2022
The cryptocurrency exchange Coinbase has addressed the company’s procedures toward complying with sanctions in a blog post published on Sunday. The crypto firm says that respecting sanctions plays a “vital role in promoting national security” and the acts can help deter...
Microsoft, Activision Blizzard, Ubisoft And Epic Games Join Legions Suspending Russian Sales
7.3.2022
This weekend, Activision Blizzard, Microsoft and Epic Games announced that they were suspending their services in Russia, due to the ongoing invasion of Ukraine. They join big names like Netflix, EA Games and CDPR in essentially boycotting the country over its illegal war.Read more
Coinbase to Stall Banning of All Russian Client’s
7.3.2022
The Western front is uniting to force an economic war on Russia as it has been trying to invade Ukraine for the last couple of weeks. Ever since the war was declared, the mobility of cryptocurrencies has increased in Eastern Europe. Both governments and people alike are using cryptocurrencies like...
Report: LBMA Asks 6 Russian Gold Refiners if They Have Ties to Sanctioned Entities
7.3.2022
The London Bullion Market Association (LBMA) said it wants six accredited Russian gold refiners to clarify if they have commercial ties with sanctioned Russian entities. The association’s request comes a few days after it revoked the membership of three sanctioned Russian banks. LBMA...
Report: Official Says Switzerland May ‘Target’ Crypto Assets Belonging to Sanctioned Russians
7.3.2022
Neutral Switzerland may target crypto assets within its territory that belong to sanctioned Russian entities, a report has said. The report quotes an official who explains that the move is designed to protect the integrity of the country’s cryptocurrency industry. The official, however...
Russian Banks Look to China’s UnionPay after Visa, Mastercard Freezout
7.3.2022
The American payments heavyweights Visa and Mastercard, as well as the card issuer American Express, have suspended their operations in Russia – joining an increasingly lengthy list of firms severing their trade links with the country. But Russian banks have indicated that they may look...
Visa and Mastercard Suspend Operations in Russia as Part of Sanctions Over Ukraine
7.3.2022
The world’s leading payment processors Visa and Mastercard have joined sanctions against Russia over its military invasion of Ukraine. The American companies announced suspension of operations in the Russian Federation although Russians will be able to use their cards inside the country....