Official warns that Russia will seize retail deposit accounts if the sanctions are too severe.

If Russia invades Ukraine and imposes harsh sanctions on the West, then retail customers might lose their savings. Russians’ savings could be confiscated in response to sanctions against the country, according to Nikolai Arefiev, a …

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Clearance resisted: The Russian government is unable to establish a consistent stance regarding crypto regulation

The Russian Ministry of Finance opened public consultations about the regulations for cryptocurrency transactions and issuance on February 18. While a welcome development, it is less than the country’s crypto space had expected to get. …

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Binance seeks the assistance of a former chief for CIS Central Bank to tap a former executive, in an effort to get Russia on board.

Binance, the world’s largest cryptocurrency exchange, is putting more effort into increasing compliance in the Commonwealth of Independent States (CIS), Russia and Ukraine. Binance is planning to extend its operations in the region and boost …

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