Search
IMF Warns Russia Sanctions Threaten to Undermine US Dollar Dominance
1.4.2022
Financial sanctions imposed on Russia over its invasion of Ukraine may result in reduced dominance of the U.S. currency, according to a high-ranking official at the International Monetary Fund (IMF). The confrontation could lead to fragmentation of the world’s current monetary system,...
Russia Sanctions Could Spur Use of Crypto: IMF's Gopinath
31.3.2022
Gita Gopinath advocated for a coordinated approach to fill the gap in international regulation
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...
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
US lawmakers introduce bills that could force crypto exchanges to cut ties with Russian wallets
17.3.2022
Brad Sherman said the Biden administration should have the ability to tell crypto exchanges not to do "business with Russia-based crypto wallets" amid the situation with Ukraine
Central Bank of Russia issues digital asset license to Sberbank in apparent policy reversal
17.3.2022
The entity had previously called for the government to ban cryptocurrencies in Russia
How blockchain intelligence can prevent Russia from evading sanctions
17.3.2022
Head of International Policy at Chainalysis explains why crypto is not a silver bullet for evading international sanctions
Crypto Exchanges Facing 'Fork in the Road' Over Russia Sanctions - London Stock Exchange Group CEO
17.3.2022
Amid the West’s intensifying efforts to punish Russia’s authorities for their invasion of Ukraine, crypto exchanges are facing long-term damage to their industry if they decide to remain active in the Russian market, according to David Schwimmer, CEO of the London Stock Exchange Group....
Read...
Russia Sanctions May Lead More Countries To Consider CBDCs, Ex-Central Banker Says
16.3.2022
Sanctions imposed on Russia as a result of its war in Ukraine could lead more countries to consider digital versions of their own currencies – known as central bank digital currencies (CBDCs) – as a counterweight to the dominant role of the US dollar, a former Bank of Japan (BOJ) executive...
Japan Lays Outs Penalties on Crypto Exchanges for Non-Compliance With Russia Sanctions: Report
14.3.2022
Japan's government and financial regulator have laid out the penalties crypto exchanges could face if they fail to comply with sanctions on Russia
Report: Sudan Rejects Russian Illicit Gold Smuggling Allegations
14.3.2022
Sudan has denied claims Russian entities have smuggled hundreds of tonnes of illicit gold from its territory. Officials have called the allegations fake news and suggested that Sudan is in fact looking to revive its economy through gold mining. The Rise in Russia’s Gold Holdings The Sudanese...
Bitfinex refuses to freeze crypto belonging to non-sanctioned Russians
11.3.2022
The crypto community stands up for the rights of ordinary Russians amid hundreds of businesses leaving the country, but the final decision is up to regulators
Russia May Legalize Software Piracy As Tech And Game Companies Continue To Pull Out
10.3.2022
The Russian government is looking to legalize at least some software piracy to help its citizens get around the growing list of tech, gaming, and software bans that the country faces due to its ongoing and destructive invasion of Ukraine. It seems Russian leaders and lawmakers are preparing to live...
Report: Estonian Prime Minister Calls for Restriction of Cryptocurrencies
10.3.2022
The Prime Minister of Estonia has said cryptocurrencies must be restricted in order to address loopholes that may be used by sanctioned Russian entities to evade the punitive measures. In addition, the premier wants all Russian as well as Belarusian banks to be removed from the global payment...
Russia Sanctions Means Countries May Transition to Bitcoin Reserves - Pantera’s CEO
8.3.2022
Both nation-states and private citizens around the world are likely to find it “very appealing” to keep control of their own money in light of the sanctions placed on Russia, and countries could start transitioning to bitcoin (BTC) for foreign reserves, Pantera Capital’s Dan Morehead has argued....
FinCEN includes crypto in alert on Russia potentially evading sanctions
7.3.2022
"Prompt reporting of suspicious activity contributes to our national security and our efforts to support Ukraine and its people," said FinCEN acting director Him Das
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...
Binance, Coinbase Explain Why Cryptocurrency Won’t Help Russia Evade Sanctions
7.3.2022
The chief executives of two major cryptocurrency exchanges, Binance and Coinbase, do not believe that cryptocurrency is an effective tool to help Russia evade Western sanctions. CEOs of Binance and Coinbase Say Crypto Not Useful at Evading Sanctions Since Russia began its invasion of Ukraine...
Singapore to Impose Restrictions on Russian Financial and Crypto Transactions
6.3.2022
In a rare move, Singapore is going to introduce restrictions on certain Russian financial transactions and crypto operations aimed at evading sanctions. The decision comes amid officially expressed concerns that Moscow’s invasion of Ukraine is a threat to the security of small states around...