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Russia’s Federal Tax Service (FTS) has joined the debate around crypto regulation in Russia with an unexpectedly blunt proposition — to let Russian companies use digital currencies as a payment method when transacting internationally. On …
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A major Russian banking association wants to criminalize keeping your own cryptocurrency keys. The Association of Banks of Russia, an organization including more than 300 Russian banks and financial institutions, has called on lawmakers to …
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Privacy-focused cryptocurrency Monero (XMR) rallied by nearly 9.5% in the past week compared with the crypto market’s decline of 8.5% in the same period. What’s more, the XMR/USD pair has broken above a strong, multi-month …
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As a result of the conflict in Ukraine, the European Commission clarified that cryptocurrency assets would be subject to additional sanctions against Russia and Belarus. In a Wednesday statement, the European Commission said member states …
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The United States Financial Crimes Enforcement Network, or FinCEN, a bureau of the Treasury Department, has warned financial institutions to consider crypto as a possible means Russia may attempt to use to evade sanctions related …
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A war rages on Europe’s eastern rim, having already left thousands of people dead and injured and millions more displaced. The global financial system has become so intertwined with digital assets that crypto is inevitably …
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The US-based crypto trade Coinbase has proposed using cryptocurrencies to assist guarantee compliance with financial sanctions. The advice comes together with highlighting the convenience of laundering and sanction evasion of fiat currencies made doable by …
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Ukraine recently called for the “sabotage” of daily Russian crypto assets as a result of ongoing warfare between these two nations. Among many, its European allies have also voiced mounting concerns that Russia may use crypto …
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Centralized exchanges (CEX) and CEOs from companies such as Binance, Coinbase and Kraken have all stated they would only freeze the assets of Russian clients specifically targeted by Western sanctions — not that of everyday Russian …
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There are concerns about the potential impact on the cryptocurrency markets if the West and America increase their economic sanctions against Russia. It has been cut off from SWIFT and all transactions with Russian banks …
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Blockchain-analysis companies have shown that Russian crypto trading and purchasing has failed on the major exchanges, discrediting theories that Russia will shift to digital assets in order to avoid sanctions. Industry experts believed that the …
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OpenSea, a U.S.-based NFT platform OpenSea has apparently begun to ban Iranian users from its platform. This is according to NFT collectors. It also raises new questions about the decentralization of cryptospace. OpenSea Iranians started …
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On Wednesday, Ukraine’s vice prime minister informed the general public that the government had decided to cancel Tuesday’s airdrop for crypto-donors and instead plan to sell nonfungible tokens. After much consideration, we have decided to …
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New York state’s efforts to enforce sanctions against Russia have ramped up a gear with the Department of Financial Services, or DFS, expediting the procurement of additional blockchain analytics technology. The department released a statement …
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Economy and finance ministers representing nations in the European Union have said they will address Russia’s potential use of cryptocurrencies to evade sanctions imposed on it following its operations in Ukraine. Speaking to reporters through …
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Federal Reserve Chair Pro Tempore Jerome Powell along with some Members of the United States House of Representatives demanded that Congress take action regarding crypto as a response to concerns about Russia evading any sanctions. …
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On Wednesday, the European Union announced that within 10 days, it intends to remove seven Russian banks from the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, messaging system. The list of sanctioned banks includes Russia’s second-largest …
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According to reports, the Treasury Department and the White House have warned U.S.-based individuals and companies not to support crypto transactions to Russian nationals or banks. According to regulations from the Treasury Department’s Office of …
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Because the West continues to impose extra sanctions in opposition to Russian banks following Russia’s invasion of Ukraine, one Ukrainian official has referred to as for sanctions on Russians’ cryptocurrency holdings as nicely. Mykhailo Fedorov, …
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U.S. dollar-pegged stablecoin Tether (USDT) witnessed a spike of over 30% in five days against the Russian ruble — highlighting the negative and immediate impact of the ongoing war on the traditional financial system. Data …
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